Global Banking and Markets Financial Performance
Mexico
Diverse economy with a strong balance sheet
•
The Mexican economy reflects a solid mix of
commodities, goods production, and services.
Trade remains dominated by the U.S., but
Mexico's diversification agenda is underpinned
by 13 free-trade agreements with 47 countries
that account for 40% of global GDP
Despite NAFTA-related concerns, investment
rebounded in 2018, which points to the
resilience of the economy to trade uncertainty
16.0%
Finance, Insurance,
& Real Estate
16.3%
Other
3.2%
Natural
Resources
5.8%
Health & Education
MEXICAN GDP
BY INDUSTRY
(Q4 2018)
6.5%
Transportation 1.9%
& Warehousing
Professional, 3.8%
Scientific,
& Technical
Services
Public
Administration
17.7%
Wholesale &
Retail Trade
15.8%
Manufacturing
6.1%
Mining and Oil
& Gas Extraction
6.8%
Construction
5
y/y % change
4
-1
-2
-3
-4
3210 - ≈ 3 4 5
Contributions to Mexican GDP Growth
Top 5 Trading Partners
Other*
Net Exports
Inventories
Investment
Government
Germany 3%
Japan 3%
Canada
4%
Consumption
-5
Real GDP
16
17
18
*Statistical discrepancy, subject to revision.
Sources: Scotiabank Economics, Haver Analytics.
Others
20%
United
States
59%
China
11%
Scotiabank®
42
42View entire presentation