What Is The Economy Like in Mexico?

Mexico has the 15th largest economy globally and is the United States' largest trading partner. The economy encompasses manufacturing, petroleum, tourism, and agriculture.

Manufacturing, particularly automotive and electronics industries, drives much of Mexico's export economy. Major international companies operate production facilities throughout the country. Tourism contributes significantly, with Mexico ranking among the world's most visited countries.

Remittances from Mexicans working abroad, primarily in the United States, total over 60 billion USD annually, supporting millions of families. Agriculture remains important, with Mexico being a major producer of avocados, berries, tomatoes, and other produce.

For travelers, Mexico offers excellent value. While luxury experiences command premium prices comparable to international destinations, everyday costs for dining, transportation, and services are notably lower than in the US or Europe.

Related Questions

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