Mexico



Official Country Name
Mexico

Mexico Overview
The site of advanced Amerindian civilizations, Mexico came under Spanish rule for three centuries before achieving independence early in the 19th century. A devaluation of the peso in late 1994 threw Mexico into economic turmoil, triggering the worst recession in over half a century. The nation continues to make an impressive recovery. Ongoing economic and social concerns include low real wages, underemployment for a large segment of the population, inequitable income distribution, and few advancement opportunities for the largely Amerindian population in the impoverished southern states. Elections held in July 2000 marked the first time since the 1910 Mexican Revolution that the opposition defeated the party in government, the Institutional Revolutionary Party (PRI). Vicente FOX of the National Action Party (PAN) was sworn in on 1 December 2000 as the first chief executive elected in free and fair elections.

Mexico Economy
Mexico has a free market economy that recently entered the trillion dollar class. It contains a mixture of modern and outmoded industry and agriculture, increasingly dominated by the private sector. Recent administrations have expanded competition in seaports, railroads, telecommunications, electricity generation, natural gas distribution, and airports. Per capita income is one-fourth that of the US; income distribution remains highly unequal. Trade with the US and Canada has tripled since the implementation of NAFTA in 1994. Mexico has 12 free trade agreements with over 40 countries including, Guatemala, Honduras, El Salvador, the European Free Trade Area, and Japan, putting more than 90% of trade under free trade agreements. The new Felipe CALDERON administration that took office in December 2006 faces many of the same challenges that former President FOX tried to tackle, including the need to upgrade infrastructure, modernize the tax system and labor laws, and allow private investment in the energy sector. CALDERON has stated that his top priorities include reducing poverty and creating jobs. The success of his economic agenda will depend on his ability to garner support from the opposition.

Mexico Location
Mexico is located in Middle America, bordering the Caribbean Sea and the Gulf of Mexico, between Belize and the US and bordering the North Pacific Ocean, between Guatemala and the US

Region
Mexico is located in North America

Mexico Population
Mexico has population of 107,449,525 (July 2006 est.)

Mexico Climate
Mexico has varies from tropical to desert

Mexico Terrain
high, rugged mountains; low coastal plains; high plateaus; desert

Mexico Natural Resources
petroleum, silver, copper, gold, lead, zinc, natural gas, timber

Ethnic Groups in Mexico
Mexico has the following ethnic groups - mestizo (Amerindian-Spanish) 60%, Amerindian or predominantly Amerindian 30%, white 9%, other 1%

Mexico Religions
nominally Roman Catholic 89%, Protestant 6%, other 5%

Mexico Languages
Spanish, various Mayan, Nahuatl, and other regional indigenous languages

Mexico Capital
Mexico capital is Mexico

Mexico Currency
Mexico currency is Mexican peso

Map of Mexico