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Economy of Mexico


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determined by zone; $57.46 Mexican pesos ($5.75 USD) in Zona A (Baja California, Federal District, State of Mexico, and large cities), $55.84 Mexican pesos ($5.59 USD) in Zone B (Sonora, Nuevo León, Tamaulipas, Veracruz, and Jalisco), and $54.47 Mexican pesos ($5.45 USD) in Zone C (all other states)

In 2006, trade with the United States and Canada accounted for almost 50% of its exports and 45% of its imports. During the first three quarters of 2010, the United States had a $46.0 billion trade deficit with Mexico. In August 2010 Mexico surpassed France to became the 9th largest holder of US debt. The commercial and financial dependence on the US is a cause for concern. The remittances from Mexican citizens working in the United States account for 0.2% of Mexico's GDP which was equal to US$20 billion per year in 2004 and is the tenth largest source of foreign income after oil, industrial exports, manufactured goods, electronics, heavy industry, automobiles, construction, food, banking and financial services. According to Mexico's central bank, remittances in 2008 amounted to $25bn.

Mexico is the largest North American auto-producing nation, recently surpassing Canada and the U.S. The industry produces technologically complex components and engages in some research and development activities. The "Big Three" (General Motors, Ford and Chrysler) have been operating in Mexico since the 1930s, while Volkswagen and Nissan built their plants in the 1960s. In Puebla alone, 70 industrial part-makers cluster around Volkswagen. The relatively small domestic car industry is represented by DINA S.A., which has built buses and trucks for almost half a century, and the new Mastretta company that builds the high performance Mastretta MXT sports car.

Major players in the broadcasting industry are Televisa, the largest Spanish media company in the Spanish-speaking world, and TV Azteca
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