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Compare Mexico (2008) - Mexico (2007)

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 Mexico (2008)Mexico (2007)
 MexicoMexico
Budget revenues: $209.2 billion


expenditures: $209.2 billion (2007 est.)
revenues: $207.7 billion


expenditures: $206.9 billion (2006 est.)
Capital name: Mexico (Distrito Federal)


geographic coordinates: 19 26 N, 99 08 W


time difference: UTC-6 (1 hour behind Washington, DC during Standard Time)


daylight saving time: +1hr, begins first Sunday in April; ends last Sunday in October


note: Mexico is divided into three time zones
name: Mexico (Distrito Federal)


geographic coordinates: 19 26 N, 99 08 W


time difference: UTC-6 (1 hour behind Washington, DC during Standard Time)


daylight saving time: +1hr, begins first Sunday in April; ends last Sunday in October


note: Mexico is divided into four time zones
Debt - external $182 billion (30 June 2007) $164.7 billion (2006 est.)
Diplomatic representation in the US chief of mission: Ambassador Arturo SARUKHAN Casamitjana


chancery: 1911 Pennsylvania Avenue NW, Washington, DC 20006


telephone: [1] (202) 728-1600


FAX: [1] (202) 728-1698


consulate(s) general: Atlanta, Austin, Boston, Chicago, Dallas, Denver, El Paso, Houston, Laredo (Texas), Los Angeles, Miami, New Orleans, New York, Nogales (Arizona), Omaha, Orlando, Phoenix, Sacramento, San Antonio, San Diego, San Francisco, San Jose, San Juan (Puerto Rico)


consulate(s): Albuquerque, Brownsville (Texas), Calexico (California), Del Rio (Texas), Detroit, Douglas (Arizona), Eagle Pass (Texas), Fresno (California), Indianapolis (Indiana), Kansas City (Missouri), Laredo (Texas), Las Vegas, Little Rock (Arkansas), McAllen (Texas), New Orleans, Omaha, Orlando, Oxnard (California), Philadelphia, Portland (Oregon), Presidio (Texas), Raleigh, Saint Paul (Minnesota), Salt Lake City, San Bernardino, Santa Ana (California), Seattle, Tucson, Yuma (Arizona)
chief of mission: Ambassador Arturo SARUKHAN Casamitjana


chancery: 1911 Pennsylvania Avenue NW, Washington, DC 20006


telephone: [1] (202) 728-1600


FAX: [1] (202) 728-1698


consulate(s) general: Atlanta, Austin, Boston, Chicago, Dallas, Denver, El Paso, Houston, Los Angeles, Miami, New Orleans, New York, Nogales (Arizona), Omaha, Orlando, Phoenix, Sacramento, San Antonio, San Diego, San Francisco, San Jose, San Juan (Puerto Rico)


consulate(s): Albuquerque, Brownsville (Texas), Calexico (California), Del Rio (Texas), Detroit, Douglas (Arizona), Eagle Pass (Texas), Fresno (California), Indianapolis (Indiana), Kansas City (Missouri), Laredo (Texas), Las Vegas, McAllen (Texas), Midland (Texas), Oxnard (California), Philadelphia, Portland (Oregon), Presidio (Texas), Raleigh, Saint Paul (Minnesota), Salt Lake City, San Bernardino, Santa Ana (California), Seattle, Tucson, Yuma (Arizona)
Economy - overview Mexico has a free market economy in the trillion dollar class. It contains a mixture of modern and outmoded industry and agriculture, increasingly dominated by the private sector. Recent administrations have expanded competition in seaports, railroads, telecommunications, electricity generation, natural gas distribution, and airports. Per capita income is one-fourth that of the US; income distribution remains highly unequal. Trade with the US and Canada has tripled since the implementation of NAFTA in 1994. Mexico has 12 free trade agreements with over 40 countries including, Guatemala, Honduras, El Salvador, the European Free Trade Area, and Japan, putting more than 90% of trade under free trade agreements. In 2007, during his first year in office, the Felipe CALDERON administration was able to garner support from the opposition to successfully pass a pension and a fiscal reform. The administration continues to face many economic challenges including the need to upgrade infrastructure, modernize labor laws, and allow private investment in the energy sector. CALDERON has stated that his top economic priorities remain reducing poverty and creating jobs. Mexico has a free market economy that recently entered the trillion dollar class. It contains a mixture of modern and outmoded industry and agriculture, increasingly dominated by the private sector. Recent administrations have expanded competition in seaports, railroads, telecommunications, electricity generation, natural gas distribution, and airports. Per capita income is one-fourth that of the US; income distribution remains highly unequal. Trade with the US and Canada has tripled since the implementation of NAFTA in 1994. Mexico has 12 free trade agreements with over 40 countries including, Guatemala, Honduras, El Salvador, the European Free Trade Area, and Japan, putting more than 90% of trade under free trade agreements. The new Felipe CALDERON administration that took office in December 2006 faces many of the same challenges that former President FOX tried to tackle, including the need to upgrade infrastructure, modernize the tax system and labor laws, and allow private investment in the energy sector. CALDERON has stated that his top priorities include reducing poverty and creating jobs. The success of his economic agenda will depend on his ability to garner support from the opposition.
Exchange rates Mexican pesos per US dollar - 10.8 (2007), 10.899 (2006), 10.898 (2005), 11.286 (2004), 10.789 (2003) Mexican pesos per US dollar - 10.899 (2006), 10.898 (2005), 11.286 (2004), 10.789 (2003), 9.656 (2002)
Executive branch chief of state: President Felipe de Jesus CALDERON Hinojosa (since 1 December 2006); note - the president is both the chief of state and head of government


head of government: President Felipe de Jesus CALDERON Hinojosa (since 1 December 2006)


cabinet: Cabinet appointed by the president; note - appointment of attorney general requires consent of the Senate


elections: president elected by popular vote for a single six-year term; election last held on 2 July 2006 (next to be held 1 July 2012)


election results: Felipe CALDERON elected president; percent of vote - Felipe CALDERON 35.89%, Andres Manuel LOPEZ OBRADOR 35.31%, Roberto MADRAZO 22.26%, other 6.54%
chief of state: President Felipe de Jesus CALDERON Hinojosa (since 1 December 2006); note - the president is both the chief of state and head of government


head of government: President Felipe de Jesus CALDERON Hinojosa (since 1 December 2006)


cabinet: Cabinet appointed by the president; note - appointment of attorney general requires consent of the Senate


elections: president elected by popular vote for a single six-year term; election last held on 2 July 2006 (next to be held 1 July 2012)


election results: Felipe CALDERON elected president; percent of vote - Felipe CALDERON 35.89%, Andres Manuel Lopez OBRADOR 35.31%, Roberto MADRAZO 22.26%, other 6.54%
GDP - composition by sector agriculture: 3.9%


industry: 26.3%


services: 69.9% (2007 est.)
agriculture: 3.9%


industry: 26.7%


services: 69.4% (2006 est.)
GDP - real growth rate 3% (2007 est.) 4.8% (2006 est.)
Household income or consumption by percentage share lowest 10%: 1.2%


highest 10%: 37% (2006)
lowest 10%: 1.6%


highest 10%: 39.4% (2004)
Industrial production growth rate 1.2% (2007 est.) 3.6% (2006 est.)
Inflation rate (consumer prices) 3.8% (2007) 3.6% (2006 est.)
International organization participation APEC, BCIE, BIS, CAN (observer), Caricom (observer), CDB, CE (observer), CSN (observer), EBRD, FAO, G-3, G-15, G-24, IADB, IAEA, IBRD, ICAO, ICC, ICCt, ICRM, IDA, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, IMSO, Interpol, IOC, IOM, IPU, ISO, ITSO, ITU, ITUC, LAES, LAIA, NAFTA, NAM (observer), NEA, OAS, OECD, OPANAL, OPCW, PCA, RG, UN, UNCTAD, UNESCO, UNHCR, UNIDO, Union Latina, UNITAR, UNWTO, UPU, WCL, WCO, WFTU, WHO, WIPO, WMO, WTO APEC, BCIE, BIS, CAN (observer), Caricom (observer), CDB, CE (observer), CSN (observer), EBRD, FAO, G-3, G-6, G-15, G-24, IADB, IAEA, IBRD, ICAO, ICC, ICCt, ICRM, IDA, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, IMSO, Interpol, IOC, IOM, IPU, ISO, ITSO, ITU, ITUC, LAES, LAIA, NAFTA, NAM (observer), NEA, OAS, OECD, OPANAL, OPCW, PCA, RG, UN, UNCTAD, UNESCO, UNHCR, UNIDO, Union Latina, UNITAR, UNMOVIC, UNWTO, UPU, WCL, WCO, WFTU, WHO, WIPO, WMO, WTO
Labor force 45.38 million (2007 est.) 44.51 million (2006 est.)
Legislative branch bicameral National Congress or Congreso de la Union consists of the Senate or Camara de Senadores (128 seats; 96 members are elected by popular vote to serve six-year terms, and 32 seats are allocated on the basis of each party's popular vote) and the Federal Chamber of Deputies or Camara Federal de Diputados (500 seats; 300 members are elected by popular vote; remaining 200 members are allocated on the basis of each party's popular vote; to serve three-year terms)


elections: Senate - last held 2 July 2006 for all of the seats (next to be held 1 July 2012); Chamber of Deputies - last held 2 July 2006 (next to be held 5 July 2009)


election results: Senate - percent of vote by party - NA; seats by party - PAN 52, PRI 33, PRD 26, PVEM 6, CD 5, PT 5, independent 1; Chamber of Deputies - percent of vote by party - NA; seats by party - PAN 207, PRD 127, PRI 106, PVEM 17, CD 17, PT 11, other 15
bicameral National Congress or Congreso de la Union consists of the Senate or Camara de Senadores (128 seats; 96 members are elected by popular vote to serve six-year terms, and 32 seats are allocated on the basis of each party's popular vote) and the Federal Chamber of Deputies or Camara Federal de Diputados (500 seats; 300 members are elected by popular vote; remaining 200 members are allocated on the basis of each party's popular vote; to serve three-year terms)


elections: Senate - last held 2 July 2006 for all of the seats (next to be held 1 July 2012); Chamber of Deputies - last held 2 July 2006 (next to be held 5 July 2009)


election results: Senate - percent of vote by party - NA; seats by party - PAN 52, PRI 33, PRD 26, PVEM 6, CD 5, PT 5, independent 1; Chamber of Deputies - percent of vote by party - NA; seats by party - PAN 206, PRD 127, PRI 106, PVEM 17, CD 17, PT 12, other 18
Political parties and leaders Convergence for Democracy or CD [Luis MALDONADO Venegas]; Institutional Revolutionary Party or PRI [Beatriz PAREDES]; Labor Party or PT [Alberto ANAYA Gutierrez]; Mexican Green Ecological Party or PVEM [Jorge Emilio GONZALEZ Martinez]; National Action Party (Partido Accion Nacional) or PAN [German MARTINEZ Cazares]; New Alliance Party (Partido Nueva Alianza) or PNA [Jorge Antonio KAHWAGI Macari]; Party of the Democratic Revolution (Partido de la Revolucion Democratica) or PRD [Leonel COTA Montano]; Social Democratic and Peasant Alternative Party (Partido Alternativa Socialdemocrata y Campesina) or Alternativa [Alberto BEGNE Guerra] Convergence for Democracy or CD [Luis MALDONADO Venegas]; Institutional Revolutionary Party or PRI [Beatriz PAREDES]; Labor Party or PT [Alberto ANAYA Gutierrez]; Mexican Green Ecological Party or PVEM [Jorge Emilio GONZALEZ Martinez]; National Action Party (Partido Accion Nacional) or PAN [Manuel ESPINO Barrientos]; New Alliance Party (Partido Nueva Alianza) or PNA [Miguel Angel JIMENEZ Godinez]; Party of the Democratic Revolution (Partido de la Revolucion Democratica) or PRD [Leonel COTA Montano]; Social Democratic and Peasant Alternative Party (Partido Alternativa Socialdemocrata y Campesina) or Alternativa [Alberto BEGNE Guerra]
Population below poverty line 13.8%


note: food-based poverty. Asset based poverty amounted to more than 40% (2006)
17.6% (2004)
Telephone system general assessment: adequate telephone service for business and government, but the population is poorly served; mobile subscribers far outnumber fixed-line subscribers; domestic satellite system with 120 earth stations; extensive microwave radio relay network; considerable use of fiber-optic cable and coaxial cable


domestic: low telephone density with about 18 fixed lines per 100 persons; privatized in December 1990; despite the opening to competition in January 1997, Telmex remains dominant; legal challenges to Telmex's alleged anti-competitive behavior in the mobile and fixed-line markets culminated in a World Trade Organization ruling in 2004 against Mexico prompting some strengthening of the powers granted Mexico's telecom regulator


international: country code - 52; Columbus-2 fiber-optic submarine cable with access to the US, Virgin Islands, Canary Islands, Spain, and Italy; the Americas Region Caribbean Ring System (ARCOS-1) and the MAYA-1 submarine cable system together provide access to Central America, parts of South America and the Caribbean, and the US; satellite earth stations - 32 Intelsat, 2 Solidaridad (giving Mexico improved access to South America, Central America, and much of the US as well as enhancing domestic communications), 1 Panamsat, numerous Inmarsat mobile earth stations; linked to Central American Microwave System of trunk connections (2005)
general assessment: low telephone density with about 18 main lines per 100 persons; privatized in December 1990; the opening to competition in January 1997 improved prospects for development, but Telmex remains dominant


domestic: adequate telephone service for business and government, but the population is poorly served; mobile subscribers far outnumber fixed-line subscribers; domestic satellite system with 120 earth stations; extensive microwave radio relay network; considerable use of fiber-optic cable and coaxial cable


international: country code - 52; satellite earth stations - 32 Intelsat, 2 Solidaridad (giving Mexico improved access to South America, Central America, and much of the US as well as enhancing domestic communications), 1 Panamsat, numerous Inmarsat mobile earth stations; linked to Central American Microwave System of trunk connections; high capacity Columbus-2 fiber-optic submarine cable with access to the US, Virgin Islands, Canary Islands, Morocco, Spain, and Italy (2005)
Unemployment rate 3.7% plus underemployment of perhaps 25% (2007 est.) 3.2% plus underemployment of perhaps 25% (2006 est.)
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