Mexico is one of the largest world markets with a population of more than 126 million people (10th most populous country), out of which 46.8% correspond to the economically active population. Young and competitive people largely compose its workforce, where 45% are between the age group of 30-49 and 22% between 20-29. Mexico is increasing its engineering graduates, which currently account for around 17% of the total number of graduates. It is the 7th largest exporter in the world and the 1st in Latin America, and in 2019 it became the top US trading partner, accounting for a total trade worth 614.5 billion USD, surpassing Canada and China. It offers a strategic geographic location in North America with extensive coastlines to the Atlantic and Pacific oceans, and a sound infrastructure and logistics network, ranked by the WEF among the top 30% countries with best transport infrastructure. It is the 4th most bio-diverse country in the world and possesses abundant natural resources that significantly stimulate a competitive and cost-effective manufacturing sector (e.g. 12th world oil producer and 21st natural gas producer). Mexico has a diverse, innovative, and knowledge-based industrial platform, ranked in the Economic Complexity Index as the 19th most complex economy. It is a leading manufacturing country. In the automotive industry it is the 6th largest producer of vehicles and the 4th exporter in the world. It is the 6th largest exporter of IT products and services and the 8th largest exporter of medical devices.
Download the full Brief Economic and legal considerations for start-ups and scale-ups wishing to do business or invest in Mexico.