North America has almost half a billion people and Mexico represents one quarter of the population. Even though the Mexican GDP
is one of the largest on the planet, the per capita income is roughly one sixth of the per capita income in the U.S. or one fifth when
compared with Canada. The cost of living in Mexico is in general lower than in the U.S. or Canada and that is reflected in a higher
Purchasing Power Parity (PPP) of close to $20,000 per capita. The GDP growth rate was modest for a growing country like Mexico at
2.0 percent; and the lowest of the region. The total value of the aftermarket in Mexico is of $23.8 Billion.
Mexico is a country with a relatively young population: the average age is 26 years old. It shares a very long border with the United
States and has close to 40 Maritime commercial ports. Its trade balance generated a very slight deficit during 2017. Most of the trade
is conducted with the U.S. The two countries traded $830 Billion Dollars in 2017.
Mexico (as of end of 2017)
Miles of
Border with
the USA
Miles of
Coast Line
Balance of Trade 2017
(Billions of U.S. Dollars)
26 Years2,0006,83438Export409
Import 420
Source: IDF with data from Banco de Mexico, INEGI, and others.
North America (as of end of 2017)
U.S. Mexico Canada
GDP Growth2.3%2.0%3.0%
GDP (Billions U.S. Dollars)19,485 1,150 1,653
Inflation 2.13% 6.77% 1.61%
Population 325,886,000 123,518,000 36,657,000
GDP Per Capita (U.S. Dollars)59,792 9,318 45,094
PPP (U.S. Dollars)59,792 19,938 48,389
Territory (000) Sq Miles3,619 762 3,850
Total Aftermarket Value (Billions U.S. Dollars) 315.323.8 27.6
Sources: International Monetary Fund, CIA World Factbook, Hanover Research, IDF, INEGI, Bank of Canada
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