Mexico’s GDP/person reaches all-time high

According to the National Statistics agency (INEGI), Mexico’s GDP/person broke all records in the first quarter of 2011 to reach 9,985 dollars/person, 15% higher than the equivalent period of 2010. The rise is due to continuing economic growth, coupled with the strength of the Mexican peso against the US dollar and other major currencies.

Mexico maintains its position as the world’s 11th largest economy. Mexico’s total GDP reached 13.588 trillion pesos (about 1.680 trillion dollars) in the past 12 months, 62.2% of which came from the tertiary (services) sector, 35.9% from manufacturing and 3.7% from primary activities.