Population
123,675,325 (2017 estimate)

Gross Domestic Product
$2.315 trillion (2017 estimate)

Inflation Rate
6.77% (December 2017)

Currency
Mexican Peso (MXN)

Calling Country Code
+52

Time Zone
UTC -5:00 to -8:00 (observes Daylight Savings Time)

Mexico City (Capital)

Mexico, officially the United Mexican States (Estados Unidos Mexicanos), is a federal republic in the southern portion of North America. It is bordered to the north by the United States; to the south and west by the Pacific Ocean; to the southeast by Guatemala, Belize, and the Caribbean Sea; and to the east by the Gulf of Mexico. Covering almost two million square kilometers (over 760,000 sq mi), the nation is the sixth largest country in the Americas by total area and the 13th largest independent state in the world.

The electronics industry has grown enormously within the last decade. The country has the sixth largest electronics industry in the world after China, United States, Japan, South Korea, and Taiwan. Mexico is the second largest exporter of electronics to the United States. The Mexican electronics industry is dominated by the manufacture and OEM design of televisions, displays, computers, mobile phones, circuit boards, semiconductors, electronic appliances, communications equipment and LCD modules. The electronics industry represent 30% of Mexico’s exports.

The nation produces the most automobiles of any North American nation. The industry produces technologically complex components and also engages in some research and development activities. General Motors, Ford and Chrysler have been operating in Mexico since the 1930s, while Volkswagen and Nissan built their plants in the 1960s. In Puebla alone, 70 industrial part-makers cluster around Volkswagen. In the 2010s expansion of the sector was surging. In 2014 alone, more than $10 billion in investment was committed. In September 2016 Kia motors opened a $1 billion factory in Nuevo León, with Audi also opening an assembling plant in Puebla the same year. BMW, Mercedes-Benz and Nissan have recently built new factories as well.