Mexico is a fully functioning Western democracy. The economy is regarded as sound and reliable, with an inflation rate in single digits and constant growth in GDP.

Government focus on structural reforms and agreements has played an important part in economic development. Overall, stability is very good, and Mexico has made progress in stabilizing its economy and political environment. Mexico is one of only two countries in Latin America that has "investment grade" ratings from the major international ratings agencies.

Economic Highlights

• Mexico is among the world's most open economies, in 2010 the total exports expected to grow a 12%.
  

• In 2005, the corporate tax rate was reduced to 28% in 2007. The top personal income tax rate was also decreased to 28% in 2007. The value-added tax (VAT) rate is 16%; food products and medicines are exempt from VAT.

• Mexico’s GDP has grown in the last year at a rate of 2.8 % and the inflation rate is about 4.1%. 

• Foreign direct investment in Mexico increased 28% in the first half of 2010 over the same period in 2009. This involved an expansion of U.S. $ 12,240 million.

The World Bank rank Mexico as one of the two top countries in Latin America where it is easiest to conduct business

IT Market, (2005-2010) [Billions of Dollars]

Source: Developed by the Ministry of Economy with Select database (for Internal Market) and ATKearney (for Exports), 2010.

IT Market Proyections, 2010

Source: Created by the Ministry of Economy with a SELECT database 2010