implemented in 1994. Mexico is pursuing additional trade
agreements with most countries in Latin America and with the European
Union to lessen its dependence on the United States, which accounts
for 80% of Mexico's total trade.

GDP: purchasing power parity-$694.3 billion (1997 est.)

GDP-real growth rate: 7.3% (1997 est.)

GDP-per capita: purchasing power parity-$7,700 (1997 est.)

GDP-composition by sector:
agriculture: 8%
industry: 33%
services: 59% (1997 est.)

Inflation rate-consumer price index: 15.7% (1997 est.)

Labor force:
total: 36.6 million (1996)
by occupation: services 28.8%, agriculture, forestry, hunting, and
fishing 21.8%, commerce 17.1%, manufacturing 16.1%, construction 5.2%,
public administration and national defense 4.4%, transportation and
communications 4.1%

Unemployment rate: 3.7% (1997 est.) urban; plus considerable
underemployment

Budget:
revenues: $92 billion
expenditures: $94 billion, including capital expenditures of $NA (1997
est.)

Industries: food and beverages, tobacco, chemicals, iron and steel,
petroleum, mining, textiles, clothing, motor vehicles, consumer
durables, tourism

Industrial production growth rate: 9.3% (1997 est.)

Electricity-capacity: 35.466 million kW (1995)

Electricity-production: 145.199 billion kWh (1995)

Electricity-consumption per capita: 1,533 kWh (1995)

Agriculture-products: corn, wheat, soybeans, rice, beans, cotton,
coffee, fruit, tomatoes; beef, poultry, dairy products; wood products

Exports:
total value: $110.4 billion (f.o.b., 1997 est.), includes in-bond
industries
commodities: crude oil, oil products, coffee, silver, engines, motor
vehicles, cotton, consumer electronics
partners: US 85%, Canada 2.1%, Japan 1%, Spain 1%, Chile 1%, Brazil 1%
(1997 est.)

Imports:
total value: $109.8 billion (f.o.b., 1997 est.), includes in-bond
industries
commodities: metal-working machines, steel mill products, agricultural
machinery, electrical equipment, car parts for assembly, repair parts
for motor vehicles, aircraft, and aircraft parts
partners: US 74.8%, Japan 4.1%, Germany 3.5%, Canada 1.8%, South Korea
1.4%, Italy 1.2%, France 1.1% (1997 est.)

Debt-external: $162 billion (1997 est.)

Economic aid:
recipient: ODA, $85 million (1993)

Currency: 1 New Mexican peso (Mex$) = 100 centavos

Exchange rates: market rate of Mexican pesos (Mex$) per US$1-8.1798
(January 1998), 7.9141 (1997), 7.5994(1996), 6.4194 (1995), 3.3751
(1994)