Mexico

Mexico's economy demonstrated robust growth in 2023, exceeding 3%. While inflation remains elevated at 5.5%, the growth rate suggests resilience, placing Mexico among the faster-growing large economies in the Americas, despite global headwinds.

Mexico reported a remarkably low unemployment rate of 2.765% in 2023. This figure is significantly low for a country of Mexico's size and economic structure, suggesting either strong labor demand or potential issues with labor force participation measurement.

Mexico is highly urbanized, with nearly 80% of its population living in cities. This concentration is supported by excellent infrastructure coverage, evidenced by the near-universal access to electricity, a key indicator of development success.

Mexico's fertility rate stands at 1.91, which is below the replacement level (2.1). This indicates that Mexico has completed its demographic transition, leading to a slowing population growth rate and future challenges related to an aging population.