s 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)
Diplomatic representation from the US:
chief of mission: Ambassador Antonio O. GARZA, Jr.
embassy: Paseo de la Reforma 305, Colonia Cuauhtemoc, 06500 Mexico,
Distrito Federal
mailing address: P. O. Box 9000, Brownsville, TX 78520-9000
telephone: [52] (55) 5080-2000
FAX: [52] (55) 5511-9980
consulate(s) general: Ciudad Juarez, Guadalajara, Monterrey, Tijuana
consulate(s): Hermosillo, Matamoros, Merida, Nogales, Nuevo Laredo
Flag description:
three equal vertical bands of green (hoist side), white, and red;
the coat of arms (an eagle perched on a cactus with a snake in its
beak) is centered in the white band
Economy Mexico
Economy - overview:
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.
GDP (purchasing power parity):
$1.134 trillion (2006 est.)
GDP (official exchange rate):
$741.5 billion (2006 est.)
GDP - real growth rate:
4.5% (2006 est.)
GDP - per capita (PPP):
$10,600 (2006 est.)
GDP - composition by sector:
agriculture: 3.9%
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