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map of Mexico

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Country name:

conventional long form: United Mexican States
conventional short form: Mexico
local long form: Estados Unidos Mexicanos
local short form: Mexico

 

Capital:

Mexico City. Population: 22 million (2009 estimate).

 

Location:

Middle America, bordering the Caribbean Sea and the Gulf of Mexico, between Belize and the US and bordering the North Pacific Ocean, between Guatemala and the US

 

Area:

1,959,248 sq km (758,449 sq miles).

 

 

Description:

Mexico is at the southern extremity of North America and is bordered to the north by the USA, northwest by the Gulf of California, west by the Pacific, south by Guatemala and Belize, and east by the Gulf of Mexico and the Caribbean.

 

 

Population:

111.2 million (UN estimate 2009).
 

 

Languages:

Spanish is the official language (spoken by more than 90%). English is widely spoken. 8% speak indigenous languages, of which N??tinate is most common.
 

 

Climate:

On the high central plateau, in cities like Mexico City and Guadalajara, the weather is mild throughout the year, though a little cooler from December through to March. The wettest months on the plateau are the summer months, where there will typically be an hour of two of rain per day. Inland, northern Mexico is mostly desert, hot in the day, and cold in the night. In southern Mexico, the mountainous regions blow hot and cold with pleasant climates lower down. Baja California, Mexico's pacific peninsula gets very little rain throughout the year. Winters are comfortable, and summers are very hot, though resorts like Cabo San Lucas benefit from a sea breeze. The country's central pacific coast, home to resorts such as Puerto Vallarta and Acapulco is hot, sunny and humid almost throughout the year, but the coast and comfortable climate, but in the late summer months, heavy rains come with the hurricanes. The beach resorts of the Yucat??n Peninsula, including Canc??n, enjoy similar summers to Acapulco, but suffer even more from hurricanes

Economy - overview:

The agricultural sector, in decline for decades, now accounts for only 4% of the country's GDP yet employs nearly 20% of the workforce. However, US moves towards ethanol power have pushed up the world price of corn (from which ethanol is produced). Mexico, the birthplace of corn and the world's fourth largest producer, is well placed to benefit.

In the service sector, tourism continues to be Mexico's biggest industry, despite some concerns about national violence, and the effects of the global recession.

Oil and manufacturing are big contributors to the country's economic health, but are at the mercy of price fluctuations, and the state of the US car industry.

Inflation is rising after a 30-year low in 2005 and in 2009 was hovering around 6%. A 30% drop in the peso since August 2008, couple with a collapse in exports to the US and an increase in unemployment due to the economic crisis has left many Mexicans feeling nervous. In 2008, growth was at 2% and unemployment at 4.1%.

Economy:

The agricultural sector, in decline for decades, now accounts for only 4% of the country's GDP yet employs nearly 20% of the workforce. However, US moves towards ethanol power have pushed up the world price of corn (from which ethanol is produced). Mexico, the birthplace of corn and the world's fourth largest producer, is well placed to benefit.

In the service sector, tourism continues to be Mexico's biggest industry, despite some concerns about national violence, and the effects of the global recession.

Oil and manufacturing are big contributors to the country's economic health, but are at the mercy of price fluctuations, and the state of the US car industry.

Inflation is rising after a 30-year low in 2005 and in 2009 was hovering around 6%. A 30% drop in the peso since August 2008, couple with a collapse in exports to the US and an increase in unemployment due to the economic crisis has left many Mexicans feeling nervous. In 2008, growth was at 2% and unemployment at 4.1%.
 

Exports:

Manufactured goods, silver, fruit, vegetables and coffee.

Imports:
Agricultural machinery, electrical equipment, car parts, parts for motor vehicles, aircraft and aircraft parts.
Main trade partners: Canada, China, Japan, Spain and USA.

Exchange rates:
Mexican Peso (MXN; symbol M$) = 100 centavos. Notes are in denominations of M$1,000, 500, 200, 100, 50 and 20. Coins are in denominations of M$100, 50, 20, 10, 5, 2 and 1, and 50, 20, 10 and 5 centavos.
http://www.worldtravelguide.net/country/170/money/North-America/Mexico.html

GDP :
US$1.143 trillion (2008).
 

Useful links:

  Copyright By :  Kish Trade Promotion Center  2002