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With the initial signs of effective reform now reaching the market, Mexico’s telecommunications and IT sector is seeing the competitive progress that had eluded it for several years. Although long-time dominant player América Móvil remains the undisputed industry leader, the asymmetric laws introduced by the government are slowly opening the market to more effective competition. This is...

Since the early years of the maquiladora concept, a cross-border manufacturing government programme, the Mexican manufacturing sector has evolved significantly. Today, the well-established and globalised Mexican industrial sector is a much more specialised and nuanced market, with a stronger regulatory framework. In 2014 the sector saw its GDP increase by 4.22%, according to the National...

With more than 6% of GDP coming from oil and gas, and 1.8% from the utilities sector, energy is one of the most important components of the Mexican economy. The country’s oil exports have made up a large part of the public budget for several decades. Nonetheless, the decline in production of Petróleos Mexicanos (Pemex), the state-owned oil company, from a peak of roughly 3.4m barrels per day (...

Although the pace of expansion has moderated in the past two years, in line with a sluggish economy, Mexico’s insurance industry has been experiencing strong growth. The number of active companies in the sector reached 105 by the end of 2014, up significantly from 70 in 2000. Moreover, total premium income in 2014 reached $24.47bn, or 2.1% of GDP, according to the industry’s main regulatory...

Mexico’s stock exchange (Bolsa Mexicana de Valores, BMV) was heavily influenced by global trends during the course of 2014, marked by a high degree of volatility, geopolitical worries, concerns over future interest rate movements, and a somewhat mixed attitude to risk-taking. In Mexico, enthusiasm over the structural reforms was tempered in the fourth quarter of 2014 by worries over the impact...

Mexico’s banking system has enjoyed two decades of growth and stability. Operating with comparatively high capital reserve levels, Mexico has a stable and profitable banking system. In the period from 2010 to 2014, the financial system as a whole grew at an average annual rate of 10%. As of March 2015 total assets in the commercial banking system stood at $541.8bn, with 45 active banks. The...