Mexico Economy
The Mexican economy is the thirteenth-largest in the world, and is one of the largest economies in Latin America. Mexico is a major exporter of oil, manufacturing goods, and agricultural products, and is also known for its growing tourism industry.The Mexican economy is made up of several different sectors, including:
- Agriculture and forestry: Mexico is one of the world's largest producers of agricultural products, such as corn, beans, and avocados. The country's forestry industry is also an important contributor to the economy, with Mexico being one of the world's largest producers of wood products.
- Energy and mining: Mexico is home to vast reserves of oil, natural gas, and minerals, and these resources are a major contributor to the country's economy. The country is the world's ninth-largest producer of crude oil, and is also a major exporter of natural gas.
- Manufacturing: Mexico has a large manufacturing sector, with companies producing a wide range of products, including vehicles, machinery, chemicals, and consumer goods. The country is also home to a number of large aerospace and defense companies.
- Service sector: The service sector is the largest part of the Mexican economy, and includes a wide range of industries, such as finance, healthcare, education, and retail.
- Tourism: Mexico is a popular tourist destination, and the tourism industry is an important contributor to the country's economy. The country is known for its beaches, cultural attractions, and historic sites, such as the Mayan ruins and the ancient city of Chichén Itzá.