Mexico: Economic Snapshot 2017
04 Apr 2017
Since the mid-1990s, Mexico has undergone a remarkable structural transformation. From being relatively closed and heavily dependent on oil exports to drive growth and accrue foreign currency, the country has progressively liberalised and integrated into regional and global value chains, and is now party to a network of 12 free trade agreements with a total of 46 countries. Although economic openness left Mexico more exposed to the global financial crisis than some of its Latin American peers, its economic profile has since allowed it to bounce back as global trade and investment flows recover. Meanwhile, it has avoided the recent economic weakness of more commodity-dependent economies in the region.