Mexico’s trillion-pound economy has become increasingly oriented toward manufacturing in the 20 years since the North American Free Trade Agreement (NAFTA) came into force.
Per capita income is around one-third that of the United States. Mexico has become the USA’s second-largest export market and third-largest source of imports. Mexico has free trade agreements with more than 50 countries including Guatemala, Honduras, El Salvador, the European Free Trade Area and Japan – putting more than 90% of trade under free trade agreements.
Composition of GDP: