The industrial scenario of Mexico features an amalgamation of old fashioned and modern industrial setups. The private sector dominates the agricultural and industrial segment in Mexico. The administration encourages competition in various spheres, which include surface transportation, generation of electricity, distribution of natural gases, telecommunications, waterways and many more. The economy of Mexico is of the free market type.
Mexico has a per capita income, which is 1/4th in comparison to United States of America. It is anticipated by the Government that revenues earned from privatization may attain the USD$12 billion to USD$14 billion mark in the next few years. Distribution of income in Mexico is unequal.
The administration run by Zedillo has assured people of many long-term advantages. The Government in Mexico has undertaken many projects for the different banks in Mexico in order to strengthen capitalization, for minimizing loan costs, take care of liabilities pertaining to foreign currency, allowing foreign investors to invest in the financial sector and also improvement in supervision of different banks.
There are as many as eleven banks in Mexico, which possess 90% of the various assets of the banking system in Mexico. These eleven banks do not include the banks, which are controlled by the Government. Approximately 36 billion pesos were provided to these banks by the private sector. Mexico is a member of the North American Free Trade Agreement due to which Mexico attracts huge number of foreign investors.
|Year||GDP % Change||Inflation % Change||Year||GDP % Change||Inflation % Change|
Source: World Bank
|Antigua and Barbuda||Jamaica|
|Costa Rica||United States|
|Last Updated on : 26th February 2015||Next Update : February 2016|