The more you learn about Mexico,the more sense it makes as a great location to retire. Retiring internationally is becoming more and more popular as retirees look to make their money stretch without sacrificing modern conveniences. If you haven't considered Mexico before,now is the time to do so. Here are 7 important figures that may open your eyes about Mexico's viability as a retirement location.
#1 – Mexico has the 12th largest economy in the world – even larger than Canada. According to U.S. Government figures,Mexico moved ahead in 2009 to claim the #12 spot.
#2 – Mexico is growing by leaps and bounds. According to Business Week,Mexico's middle class “have swelled to record levels.” While many people mistakenly assume that Mexico is an impoverished country,the truth is far from that. Millions of Mexicans have access to mortgages,have solid jobs and are saving toward their children's higher education.
#3 – Mexico exports oil! That's right – while the United States has to meet oil importation demands,Mexico sells 1.7 billion barrels to the U.S. And other countries each year. As oil prices continue to rise,Mexico's economy is strengthened as a result.
#4 – Mexican stocks are outperforming the U.S. stock market. Since 2005,the Mexican stock market has outperformed U.S. Stock markets,according to the S&P 500. In fact,the Mexican market has not only performed better but it's done at a rate of 10 to 1.
#5 – Mexico's infrastructure is seeing major improvements. In 2010,the Mexican government launched a 5 year,$250 billion program that will increase the number of highways,railways,airports and ports throughout the country. This will increase transportation and help with travel,making it even easier to get around the country.
#6 – Mexico's health care system is catering to aging baby boomers. There are hundreds of state of the art hospitals and care homes that are being built throughout Mexico in order to meet the needs of this increasing part of the population.
#7 – Mexico has all of the conveniences of modern life – and more. With a stable government,strong mobile telephone and high speed internet networks,a relaxed way of life and low housing costs, living in Mexico during retirement makes great sense!
Now is the time to see the natural beauty,strong economy and incredible lifestyle that Mexico has to offer – before the word spreads!