Mexico's Economy
By: Taylor Hering
The Mexican economy is the 15th largest in the world. They use their own currency called the Mexican peso. Pesos do not have the same value as U.S. dollars, usually one U.S. dollar equals about seventeen pesos. They have a low unemployment rate of only 4.9%. Their inflation rate is 4%. They also have a GDP of $2.1 trillion. Mexicans have a moderately free economic freedom. Even though Mexico's economy may seem pretty stable they have a big problem with drugs. Mexico is slowly being taken over by mexican drug cartels like El Chapo for example. Just last week the mexican government released data showing some interesting death rates. Between 2007 and 2014 more than 164,000 people died from encounters with the
By: Taylor Hering
The Mexican economy is the 15th largest in the world. They use their own currency called the Mexican peso. Pesos do not have the same value as U.S. dollars, usually one U.S. dollar equals about seventeen pesos. They have a low unemployment rate of only 4.9%. Their inflation rate is 4%. They also have a GDP of $2.1 trillion. Mexicans have a moderately free economic freedom. Even though Mexico's economy may seem pretty stable they have a big problem with drugs. Mexico is slowly being taken over by mexican drug cartels like El Chapo for example. Just last week the mexican government released data showing some interesting death rates. Between 2007 and 2014 more than 164,000 people died from encounters with the