The Mexican economy experienced real growth of 5.4% in 2010, partially offsetting the previous year’s sharp contraction of 6.1%; and per capita GDP rose by 4.4% (compared with a drop of 7.1% in 2009). This improvement was driven by the upturn in external demand (25,6% in real terms) and, in part, by consumption (4.7%), while gross capital formation expanded slightly (2.4%). Imports jumped by 23,5% but were still outpaced by exports. This contributed to an even smaller trade deficit as a percentage of GDP —at 1.3%— than the 1.5% recorded in 2009.

Related Subject(s): Economic and Social Development
Countries: Mexico
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