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Mexico
 

The site of several advanced Amerindian civilizations - including the Olmec, Toltec, Teotihuacan, Zapotec, Maya, and Aztec - Mexico was conquered and colonized by Spain in the early 16th century. Administered as the Viceroyalty of New Spain for three centuries, it achieved independence early in the 19th century. Elections held in 2000 marked the first time since the 1910 Mexican Revolution that an opposition candidate - Vicente FOX of the National Action Party (PAN) - defeated the party in government, the Institutional Revolutionary Party (PRI). He was succeeded in 2006 by another PAN candidate Felipe CALDERON, but Enrique PENA NIETO regained the presidency for the PRI in 2012, and will serve as president until December 2018. The global financial crisis in late 2008 caused a massive economic downturn in Mexico the following year, although growth returned quickly in 2010. Ongoing economic and social concerns include low real wages, high underemployment, inequitable income distribution, and few advancement opportunities for the largely indigenous population in the impoverished southern states. Since 2007, Mexico's powerful drug-trafficking organizations have engaged in bloody feuding, resulting in tens of thousands of drug-related homicides.

Sources: The CIA World Factbook - Mexico



Indicateurs clés

Surface
1,964,375 km2
Population
130,207,371 (July 2021 est.)
Type de gouvernement
federal presidential republic
Langues
Spanish only 92.7%, Spanish and indigenous languages 5.7%, indigenous only 0.8%, unspecified 0.8%
PIB
$1.076 trillion (2020 est.)
Taux de croissance
-8.2% (2020 est.)
HDI
74
Capitale
Mexico City

Indicateurs macroéconomiques

Growth is set to pick up, underpinned by private consumption and exports. Uncertainty will continue to restrain private investment, although earthquake-related reconstruction activities are expected to take place in 2018. However, private investment could accelerate if the NAFTA negotiations end favourably. Public investment will remain subdued. Unemployment is projected to remain at historic low levels. Inflation will continue to decline from its high level to closer to the central bank’s target.

Structural reforms have already visible effects but challenges persist, including high levels of violence and corruption, poverty, inequality, informality and slow productivity growth. Reaping the full benefits of structural reforms will require keeping the momentum for successful implementation nationwide, complemented by a new wave of reforms to strengthen the rule of law and improve institutional quality.

Source: OECD - Economic Forecast

IMF Statistics: 

Subject descriptor 2021 2022 2023 2024 2025

Gross domestic product, constant prices

Percent change

(Units)

5.739

3.949

3.229

2.367

1.438

Gross domestic product, current prices

Percent change

(Billions)

1,313.070

1,463.324

1,788.897

2,017.025

2,128.070

Gross domestic product per capita, current prices

Percent change

(Units)

10,180.182

11,259.750

13,641.613

15,248.788

15,956.446

Inflation, average consumer prices

Percent change

(Units)

5.693

7.898

5.525

4.020

3.289

Volume of imports of goods and services

Percent change

(Units)

15.050

8.305

5.715

1.679

2.710

Volume of exports of goods and services

Percent change

(Units)

7.217

8.682

-6.937

-0.492

2.268

Unemployment rate

Percent change

(Units)

4.140

3.278

2.796

2.798

3.155

Current account balance

Percent change

(Billions)

-4.494

-17.667

-5.715

-15.341

-16.459

Current account balance

Percent change

(Units)

-0.342

-1.207

-0.319

-0.761

-0.773
Estimates
 

Source: IMF Statistics

Le Luxembourg et le pays

Existing conventions and agreements

Non double taxation agreement 

In order to promote international economic and financial relations in the interest of the Grand Duchy of Luxembourg, the Luxembourg government negotiates bilateral agreements for the avoidance of double taxation and prevent fiscal evasion with respect to Taxes on Income and on fortune with third countries.

  • Convention from 07.02.2001 (Memorial 2001, A No.160, p.3360)
  • Effective as of 01.01.2002 (Memorial 2001, A No.160, p.3360)
  • Amendment of the Convention from 07.10.2009 (Memorial 2010, A No.51, p.830)
  • Effective as of 01.01.2012 (Memorial 2010, A No.51, p.830)

Air Services agreement

  • Agreement from 19.3.1996 (Memorial 1999, A, p. 1538)
  • Effective as of 06.24.1999 (Memorial 1999, A, p. 2018)

Source: Administration des contributions directes

Informations supplémentaires

Foreign Trade

The Statec Foreign Trade statistics provide information on the trade of goods - by product and by country. This information is collected respectively through the INTRASTAT declaration and on the basis of customs documents.

You can see the statistics on the website of the Statec.

Contact points in Mexico

Embassy of the Grand Duchy of Luxembourg in Mexico

Ambassador with residence in Washington: Mr Gaston STRONCK

2200, Massachusetts Avenue N. W.
Washington D.C. 20008
United States of America

Tel.: (+1) 202 265-4171/72
Fax: (+1) 202 328-8270
E-Mail: washington.amb@mae.etat.lu 

Honorary consuls

Honorary Consul with jurisdiction over the United Mexican States, with the exception of the states of Yucatan, Quintana Roo, and Campeche:

Mr Thomas BARSCHKIS CORNILS

88 Privada de Madedero
Lomas Altas, Deleg. Miguel Hidalgo
11950 Mexico City
Mexico

Tel.: (+52) 55 57 00 417
E-Mail: mexicocity@consul-hon.lu 

Source: Ministry of Foreign Affairs of Luxembourg

Country risk as defined by Office du Ducroire for Mexico

Ducroire is the only credit insurer covering open account deals in over 200 countries. A rating on a scale from 1 to 7 shows the intensity of the political risk. Category 1 comprises countries with the lowest political risk and category 7 countries with the highest. Macroeconomics experts also assess the repayment climate for all buyers in a country.

Links : OECD country risk ranking / country risk by Euler Hermes

Other useful links

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