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Small and medium enterprises in Mexico

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Small and medium enterprises in Mexico generally called PYMEs (pequeña y mediana empresa), are an important segment of the Mexican economy. [1]

9 relations: Economy of Mexico, Federal government of Mexico, Gross domestic product, Japan International Cooperation Agency, List of companies of Mexico, List of hotels in Mexico, List of Mexican brands, Mexico, Small and medium-sized enterprises.

Economy of Mexico

The economy of Mexico is the 15th largest in the world in nominal terms and the 11th largest by purchasing power parity, according to the International Monetary Fund. Since the 1994 crisis, administrations have improved the country's macroeconomic fundamentals. Mexico was not significantly influenced by the 2002 South American crisis, and maintained positive, although low, rates of growth after a brief period of stagnation in 2001. However, Mexico was one of the Latin American nations most affected by the 2008 recession with its Gross Domestic Product contracting by more than 6% in that year. The Mexican economy has had an unprecedented macroeconomic stability, which has reduced inflation and interest rates to record lows and has increased per capita income. In spite of this, enormous gaps remain between the urban and the rural population, the northern and southern states, and the rich and the poor. Some of the unresolved issues include the upgrade of infrastructure, the modernization of the tax system and labor laws, and the reduction of income inequality. Tax revenues, all together 19.6 percent of GDP in 2013, are the lowest among the 34 OECD countries. The economy contains rapidly developing modern industrial and service sectors, with increasing private ownership. Recent administrations have expanded competition in ports, railroads, telecommunications, electricity generation, natural gas distribution and airports, with the aim of upgrading infrastructure. As an export-oriented economy, more than 90% of Mexican trade is under free trade agreements (FTAs) with more than 40 countries, including the European Union, Japan, Israel, and much of Central and South America. The most influential FTA is the North American Free Trade Agreement (NAFTA), which came into effect in 1994, and was signed in 1992 by the governments of the United States, Canada and Mexico. In 2006, trade with Mexico's two northern partners accounted for almost 90% of its exports and 55% of its imports.. The World Factbook. CIA. Recently, the Congress of the Union approved important tax, pension and judicial reforms, and reform to the oil industry is currently being debated. Mexico had 15 companies in the Forbes Global 2000 list of the world's largest companies in 2016. Mexico's labor force is 52.8 million as of 2015. The OECD and WTO both rank Mexican workers as the hardest-working in the world in terms of the amount of hours worked yearly, although profitability per man-hour remains low.

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Federal government of Mexico

The federal government of Mexico (alternately known as the Government of the Republic or Gobierno de la Republica) is the national government of the United Mexican States, the central government established by its constitution to share sovereignty over the republic with the governments of the 31 individual Mexican states, and to represent such governments before international bodies such as the United Nations.

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Gross domestic product

Gross domestic product (GDP) is a monetary measure of the market value of all final goods and services produced in a period (quarterly or yearly) of time.

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Japan International Cooperation Agency

The is a governmental agency that coordinates official development assistance (ODA) for the government of Japan.

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List of companies of Mexico

Mexico is a federal republic in the southern half of North America.

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List of hotels in Mexico

This is a list of notable hotels in Mexico.

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List of Mexican brands

This is a list of Mexican brands, which encompasses brand-name products and services produced by companies in Mexico.

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Mexico

Mexico (México; Mēxihco), officially called the United Mexican States (Estados Unidos Mexicanos) is a federal republic in the southern portion of North America.

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Small and medium-sized enterprises

Small and medium-sized enterprises (SMEs, also small and medium enterprises) or small and medium-sized businesses (SMBs) are businesses whose personnel numbers fall below certain limits.

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PyMEs in Mexico.

References

[1] https://en.wikipedia.org/wiki/Small_and_medium_enterprises_in_Mexico

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