Mexico

In 2003 the Mexican economy grew by 1.3% and posted a third straight year of declines in per capita GDP and employment. Gross national income was up by 1.5% thanks to the positive effects of the terms of trade and an upturn in remittances from migrants. Exports began to rise in the last quarter of 2003 in response to the expansion of the United States economy, although the increase was modest and uneven across different sectors. There was, however, a robust increase in the value of oil exports owing to high international prices. External demand rose slightly (1 .l%), while domestic demand showed little growth (0.5%).

Sustainable Development Goals:

Decent Work and Economic Growth

Industry, Innovation and Infrastructure

Peace, Justice and Strong Institutions