Mexico – Links to economic and financial statistics

An inquiry from Andrzej from Poland regarding sites that provide economic data for Mexico has prompted me to provide the following links.

The official and definitive source for Mexican statistics is INEGI (the National Statistics, Geography and Information Institute). There is one little glitch however, it’s only available in Spanish INEGI Instituto Nacional de Estadisticas, Geographia y Informacion.

The OECD (Organization for Economic Co-operation and Development) has a statistical profile of Mexico, covering 40 statistical databases. OECD Statistics Mexico

The World Bank Doing Business site offers indicators of the regulatory costs of doing business in Mexico and is comparable with 175 economies. Doing Business Explore Economies – Mexico.

The Banco Nacional de Mexico, BANIXCO offers a site with up-to-date macro and financial market data about the country and monetary policies. BANIXCO Economic and Financial Indicators.

Another source of economic information about Mexico can be found through contacting the Mexican Embassy or Mexican Consulate in your part of the world. The Economic or Commercial Officer will be able to provide the information you are seeking. Mexican Embassies and Mexican Consulates worldwide.

Related Links

IMF predicts strong economic growth for Mexico

Global competitiveness – 2006 – Mexico and China

General reference links for doing business in Mexico

How to do business in Mexico

Top states for business in Mexico – World Bank Report 2007

I highly recommend that you download and read the Doing Business in Mexico 2007 report, released on November 15, 2006.

For anyone currently doing business in Mexico, or thinking about doing business in Mexico, this is a must read.

The World Bank Group has announced that “Doing business became easier in many Mexican states in 2005-2006, according to the new Doing Business in Mexico 2007 report, released today in Mexico City. The report finds that some states compare well with the best of the world, while others need much reform to become globally competitive.” – November 15, 2006

Quick results of the top ten Mexican states based upon the factors of; starting a business, registering property, obtaining credit, and enforcing a contract include:

1. Aguascalientes, Aguascalientes (Easiest)
2. Guanajuato, Celaya
3. Nuevo Leon, Monterrey
4. Sonora, Hermosillo
5. Campeche, Campeche
6. Zacatecas, Zacatecas
7. Queretaro, Queretaro
8. Michoacan, Morelia
9. Sinaloa, Culiacan
10. Mexico City (Most difficult)

A full listing of all the 31 Mexican states is available in the report.

Excerpt from the report: “If you were to open a new business in Mexico City, the start-up procedures would take 27 days on average, 8 days fewer than in Shanghai. If you decided to open a business in Guanajuato or Aguascalientes, you would have to wait 12 days—only one day longer than your competitor in Amsterdam. But if you needed to take a customer to court for a simple debt default in Guanajuato, resolving the dispute would take 304 days—far longer than the 217 days it takes in Dublin,1 but significantly shorter than in Baja California Sur where it takes 581 days. These examples illustrate two patterns. First, some Mexican states compare well with the best in the world. Second, many states need much reform to become globally competitive.”

Related Links

Press release on Doing Business in Mexico 2007 (PDF, 75KB)

Doing Business in Mexico 2007 (PDF, 1.26MB)

World Bank Report – Doing Business in Mexico 2005

World Bank report – Doing Business in Mexico

The World Bank has an on-line report available entitled “Doing Business in Mexico“. The study was published in December of 2005.

“Cosponsored by COFEMER, USAID, and the World Bank Group, Doing Business in Mexico is the first state-level report of the Doing Business series in Latin America. This report investigates the scope and manner of regulations that enhance business activity and those that constrain it.

The report covers the following thirteen Mexican cities and four areas of regulation: Starting a business, Registering property, obtaining credit and enforcing a contract.”

“When compared, Mexico City and the 12 other cities differ dramatically on the four indicators the report measures. “

The cities and regulations analyzed include: Aguascalientes, Celaya, Ciudad Juarez, Guadalajara, Monterrey, Veracruz, Merida, San Luis Potosi, Torreon, Mexico City, Tlalnepantla, Puebla, and Queretaro.

Of special note is the following comment. “The report concludes that reform is sorely needed. Much of the opportunity for improvement is in local administrative procedures, which can be changed by a governor or a mayor.”

This is very important. A governor or local mayor can make an important difference on the ease of setting up and doing business in Mexico. Seek out those states and cities with pro-active leadership. Find those areas that are investing heavily in infrastructure or have a dynamic policy focused on foreign investment and economic development.

Related Links

Doing Business in Mexico – World Bank

Doing Business in Mexico (PDF)

Press Release (PDF)