2020 Mx: Macro stability with very slow growth due to global and local factors.
Exchange Rate
Interest Rate
KEY TAKEAWAY | During the last 12 months, interest rate and external macroeconomic factors have been supporting the Mexican Peso.
Inflation
GDP Growth
KEY TAKEAWAY | Bi-polar indicators, inflation rate under control while GDP growth has disappointed the market… and even to the most pessimistic analyst.
Historical Consumer Confident Index (2001-2019)
KEY TAKEAWAY | Macro stability brings high Consumer Confidence, it creates new investment opportunities.
Formal Sector Employment in the Social Security System
KEY TAKEAWAY | Mexico’s population grows 1.3 million people in average yearly, while the economy generates 634 thousand new jobs a year.
In the global context, there are very few markets of the size of Mexico in which job creation, consumption and demographics supports the development of new investment opportunities.
After 12 months of Presidency, AMLO remains strong in approval ratings.
KEY TAKEAWAY | AMLO is one of the Mexico’s strongest Presidents in decades, it is expected that investment opportunities aligned with the Government agenda will succeed during his presidential period.
Mexico is the 9th largest export economy in the world and the 21st most complex economy according to the Economic Complexity Index (ECI). The top exports of Mexico are Cars, Auto-Parts, Delivery Trucks, Computers and Crude Petroleum.
Mexico is highly dependent on foreign trade, which represented 77.6% of its GDP in 2018 (World Bank, latest available data). The country mainly exports vehicles and their parts, automatic data processing machines, mineral fuels, oil and machinery. As for imports, Mexico’s main purchases include petroleum oils, other than crude, vehicle parts, and electronic integrated circuits.
Mexico is heavily dependent on the commercial relations with its main trading partner – the United States – which account for more than three-quarters of the country’s exports (76.5% in 2018 according to WTO). NAFTA renegotiation with President Donald Trump placed Mexico’s trade at risk in recent years, the newly signed United States–Mexico–Canada Agreement (USMCA) ratification is bringing good prospects to Mexican economy.
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KEY TAKEAWAY | It is expected that AMLO’s administration will continue aligned with Mexico’s global trade policy in place for more than 25 years, this will support the development of new investment opportunities during this presidential period.
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