The days of Mexico taking a backseat on the world stage are long gone,with new opportunities popping up all the time. Mexico is now the world’s 14th largest economy,boasting a per capita income of more than $14,000,with the service sector making up around 62 percent of the nation’s economy,followed by manufacturing and industry at 34 percent.
Furthermore,according to the Christian Science Monitor,more than 1.4 million Mexicans left the U.S. over the last five years to head back to Mexico and take part in their homeland’s newfound growth. This has led to an expanding middle class,who are benefiting from the record numbers of new jobs in recent years,which can be attributed to rising levels of foreign direct investment.
But that’s not all! Exports currently make up nearly 30 percent of the country’s GDP,which will it at least $336 billion this year,and Mexico only has a deficit of around $11 billion. Add to that the fact that its GDP grew 4.6 percent during the first quarter of 2012 and 4 percent during the second,and it’s easy to see why everyone is starting to take notice of what Mexico real estate has to offer.
Enrique Peña Nieto has promised additional pro-market reforms after he takes office this December,which are expected to bring even more growth to Mexico in 2013 and beyond. Not bad when you consider that the stock market is already nearing all-time highs.
“The return of PRI to Mexican politics,Mexico’s pricing powers and its proximity to the largest market in the world has Nomura Securities saying on Tuesday that over the next decade,Mexico is poised to become Latin America’s largest economy,surpassing Brazil,and become one of the emerging markets’ most dynamic economies,” writes Forbes.
In addition,Wealth Daily reported this week that there is currently a Mexican gold rush underway,with the nation currently producing record amounts of gold. In mid-August,the Mexican Chamber of Mining said that the country hit a new record in gold production last year,at more than 22 percent more than in 2010.
In fact,at more than 88 tons of the precious metal,“Mexico now has the highest growth rate in the world in terms of gold bullion production,” along with vast untouched mineral deposits. Since it is also one of the most cost-effective countries in the world in terms of labor,all of this is sure to mean unbelievable opportunity for savvy investors over the coming months,according to frontier market specialist Christian DeHaemer of Wealth Daily.