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Chairman’s Corner

MEXICO

The United Mexican States 

Area: 1,964,375 sq km, of which 1,959,248 sq km are continental and 5,127 sq km are islands.
Population: 105 million (2004 est.)
Capital City: Mexico City (21 million est. 2003)
People: The people of Mexico today are a mixture of descendants from Spanish and other immigrants, mainly Europeans, who settled in Mexico from the sixteenth century onwards, and mestizos - mixed European and indigenous ancestry, as well as the many indigenous groups.
Languages: The official language is Spanish. There are at least 62 indigenous languages.
Religion(s): Roman Catholic 89%, Protestant 6%, 5% other denomination
Basic Economic Facts:

Currency: Mexican Peso, divided into 100 centavos
Nominal GDP: US 637.2 billion (2003 at market exchange rate); US 894 billion (2003) purchasing power parity
Nominal GDP per head: US 6,260 (2002 at market exchange rate); US 78,780 (2003) purchasing power parity.
Annual growth: 1.3% in 2003, 4.2% in 2004
Inflation:3.98% in 2003, 5.19% in 2004
Major industries: Manufacturing (including food, beverages, textiles, clothing, tobacco, chemicals, and motor vehicles); Commerce (restaurants and hotels); Transport and Communication; Financial Services; Tourism; Oil and gas (controlled and monopolized by the State through the Pemex enterprise); Electricity (controlled and monopolized by the State through CFE)
Major Trading Partners:
Exports (2004):
US 87.6%, Canada 1.7%, Germany 0.8%, Spain 1.1%, Japan 0.6%
Imports (2004): USA 56.2%; China 7.3%; Japan 5.45%; Germany 3.6%; Korea 2.7%; Canada 2.7%

Major Political Parties: Partido Revolucionario Institucional (PRI); Partido Accion Nacional (PAN); Partido de la Revolucion Democratica (PRD)
Government: Mexico has a Federal republic system of government covering the 31 states and the Federal District of Mexico with powers separated into three branches: independent executive (President), legislative (Congress) and judicial (Supreme Court of Justice, federal and local systems). The President is elected for a six-year term and may not hold office a second time. Congress is bi-cameral and consists of a Senate (128 seats) and a Chamber of Deputies (500 seats). The judges making up the Supreme Court are appointed by the President, with the consent of the Senate.
Head of State: President Vicente Fox Quesada
Foreign Minister: Luis Ernesto Derbez

DID YOU KNOW?

  • Did you know that Mexico is the greater producer of silver in the world.
  • Did you know that the highest natural lighthouse of the world is located in Mazatlán, Sinaloa in México.
  • Did you know that the word “Gringo” was originated from the war between Mexicans and Americans (1845 – 1847). When the American soldiers invade Mexico, the Mexicans sing a song called “green grow the lilas” and the word “gringo” was a deformation of that sentence.

 

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or email us: info@core-latinamerica.org

 

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