Overall Rank: 59
For the most part Mexico protects privately owned property and enforces contracts in an evenhanded manner. Mexico’s legal environment has also improved through its membership in international organisations such as the NAFTA, the Organization for Economic Cooperation and Development, the World Trade Organization, and the Asia-Pacific Economic Cooperation. Mexican participation means that Mexico is committed to the development of a competitive field in trade and investment with internationally accepted rules.
Limits on Government Regulation
An Efficient Capital Market
Guilremo Ortiz brought inflation and interest rate down to their lowest level in many years. He needs to continue to focus on long-term price stability as the key objective of monetary policy. The reduction has helped Mexico attract capital and has established the peso.
Low Tax Rates
In Mexico government spending is 78.0 and fiscal freedom is 77.8. The corporate tax rate in Mexico is 28-30%. The individual minimum is 1.92% while the individual maximum is 30%.
Interesting Facts on the Economy
- Mexico's geographic size is equivalent to Saudi Arabia, but supports five times as many people while exporting 1/4 of the oil.
- Mexico is the 17th largest exporter in the world, and 78% of them go to the United States.
- Mexico is under 12 free trade agreements.