While the long-standing stereotype of Mexicans as slow subsistence farmers is recent history now that Mexico has transformed itself into one of the economic and political powers of Latin America, Mexican society is still characterized by extremes of wealth and poverty with shanty towns prominent in both urban and rural regions around the country. Also, drug trafficking continues to remain a problem; drug-related murders have soared in recent years, with 2020 doubling the number of crimes reported a decade earlier, and organized crime keep taking a considerable toll on the national economy. Still, the unsolved disappearance of 43 students in 2014 and more killings and kidnappings are a stark reminder of weak national security.
In 2017, Mexico had a population of around 123 million people, and Mexico City was home to more than 8 million people. Close to 80 percent of the country is urban; an urbanization rate similar to many developed nations around the world. At present, the urban economy is strong and free trade is a prominent characteristic of the economy. Agricultural contributions to GDP are on the rise and the sector now contributes 3.85 percent to the nation’s GDP despite onl y 13 percent of the workforce being employed in agriculture.
Economy and inequality
Overall, GDP has grown somewhat in the last couple of years, a growth is expected to pick up in the coming years. Future growth rates are expected to range around two percent per year up until 2026. In 2020, GDP per capita amounted to an estimated 8,404 U.S. dollars. However, as mentioned above, income inequality remains a problem and furthermore, even though the unemployment rate is declining and stands at less than five percent, underemployment is also a prevalent in Mexico. Due to inequality, the lure of Mexico’s northern neighbor, the United States, has been quite strong. As a result, many Mexicans have immigrated to the United States in search of a better future, yet the share of immigrants in the United States who are Mexican-born has decreased over the last decade and the current political climate is much less supportive of immigration.
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In the following 4 chapters, you will quickly find the 45 most important statistics relating to "Mexico".