M
exico has a free market mixed economy, and is firmly established as an upper middle-income country. It is the 12th largest economy in the world as measured in Gross Domestic Product in purchasing power parity. According to the latest information available from the World Bank, Mexico had the highest Gross National Income per capita in Latin America, both in nominal terms and in purchasing power parity(PPP), at $7,830 and $11,990 respectively in 2006. After the 1994 economic debacle, Mexico has made an impressive recovery, building a modern and diversified economy. Recent administrations have also improved infrastructure and opened competition in seaports, railroads, telecommunications, electricity generation, natural gas distribution and airports. Oil is Mexico's largest source of foreign income. According to Goldman Sachs BRIMC review of emerging economies, by 2050 the largest economies in the world will be as follows: China, United States, India, Japan, Brazil, and Mexico.
exico has a free market mixed economy, and is firmly established as an upper middle-income country. It is the 12th largest economy in the world as measured in Gross Domestic Product in purchasing power parity. According to the latest information available from the World Bank, Mexico had the highest Gross National Income per capita in Latin America, both in nominal terms and in purchasing power parity(PPP), at $7,830 and $11,990 respectively in 2006. After the 1994 economic debacle, Mexico has made an impressive recovery, building a modern and diversified economy. Recent administrations have also improved infrastructure and opened competition in seaports, railroads, telecommunications, electricity generation, natural gas distribution and airports. Oil is Mexico's largest source of foreign income. According to Goldman Sachs BRIMC review of emerging economies, by 2050 the largest economies in the world will be as follows: China, United States, India, Japan, Brazil, and Mexico.