Mexico

In 2004, the Mexican economy grew by 4.4%, which was the highest rate since 2000 and translated into a considerable upturn in per capita GDP, following three years of sluggish performance. Aggregate demand swelled by 6% as a result of increased buoyancy in domestic and external demand. Exports were boosted by an upswing in manufacturing production in the United States, while consumption was strengthened by a rise in employment and crebit and increased remittances. The improved economic outlook revived investment following a three-year downtrend. The increased pace of production activity was reflected in imports, resulting in a widening of the trade deficit. Higher revenues from petroleum exports and current transfers from abroad (in excess of US$ 17 billion) helped to reduce the balance-of-payments current account deficit to 1.1 % of GDP, its lowest level since 1996.

Sustainable Development Goals:

Decent Work and Economic Growth

Industry, Innovation and Infrastructure

Peace, Justice and Strong Institutions