With a market size as large as Western Europe, and 11 free trade agreements covering 44 countries, Mexico presents great business opportunities for those looking to expand globally.
Already the 2nd largest economy in Latin America and the 15th largest in the world, Mexico is one of the four ‘MINT’ countries (Mexico, Indonesia, Nigeria, Turkey) which have been recognised by experts as emerging economic powerhouses.
Having demonstrated stable economic growth over a number of years, it is a country with huge potential, with analysts predicting that it will boast a higher GDP per capita than all but three European countries by 2050, making it the world’s 8th largest economy.
Mexico has more free trade agreements than any other country, making it accessible for businesses across the globe.
Home to the largest Spanish-speaking city in the world, Mexico’s retail sector has grown rapidly in recent years. Mexican consumers aren’t averse to technology either, with 53 million Mexican consumers accessing the web via their smartphone or tablet. Confidence around online purchasing is still growing in Mexico, but e-Commerce presents a huge potential for online retailers – as long as you speak their language.
Read the infographic below for more information.