E-commerce in 2023 grew 24.6% in Mexico, the highest increase in the world. It surpassed countries such as the Philippines, Brazil, India and Japan, according to estimates from the AMVO. Mexico ranked as the country with the highest growth in retail e-commerce in the world, according to the Online Sales Study of the AMVO (Mexican […]
Mexico and its good economic health: more than a perception, a global reality
The good moment of the Mexican economy is reflected in the world, from China to Marrakech. Three stamps confirm it. For the first time in 20 years, Mexico displaced China as the main seller of goods to the United States, there is presence of Mexican tourism in the most exclusive areas and long-term appreciation with […]
Mexico, U.S., and Canada Agriculture Ministers will meet in March
U.S. Agriculture Secretary Tom Vilsack said on Friday, March 1st, that he will meet later this month with the agriculture ministers of Canada and Mexico. The meeting will likely take place in Colorado, Vilsack said at the Commodity Classic in Houston. The U.S. and Mexico are in the midst of a trade dispute over a […]
Foreigners liquidated positions in Mexico for 11,273 million dollars in 2023
Non-resident investors completed four consecutive years liquidating their positions in Mexico Experts point out that the trend that non-resident investors have maintained to undo their positions in Mexico is a focus of risk. Mexico recorded a disinvestment of 11,273 million dollars during 2023, according to information from the Bank of Mexico. This means that non-resident […]
Which is the cheapest city to live in Mexico?
Its cost of living is 21% cheaper than in CDMX, according to specialized housing portals Mexico City was for many years the promised land, thanks to its great offer of transport networks, sources of employment, schools and endless tourist destinations for all tastes. However, the country’s capital is already overpopulated and without housing, there are […]
Morena impoverishes Mexico
The majority of the citizens of the middle and poor class reduced their standard of living with the Morena government. When analyzing the first five years of Morena as the ruling party, beyond sympathies or antipathies, based on figures, facts and macroeconomic variables, the decrease in GDP per capita, the increase in the budget deficit, […]
Low entry of excursionists to Mexico impacted tourism in 2023
In 2019, 52.4 million excursionists entered Mexico, a decrease of 32.25%, which could be due to the appreciation of the peso against the dollar, the high inflation in the service sector and the public insecurity in Mexico. In the last month of 2023, a total of 7.87 million international visitors entered the country. The peso […]
Super Bowl LVIII in Mexico, commercial appeal over 200 million pesos
Considered the most important sporting event of the beginning of the year, it is exploited by the television stations to obtain income from 60,000 pesos in advertisements. There are also brands that buy packages from the beginning of the season The NFL’s king event is days away from starting and, with it, the gears of […]
Gasoline Magna reaches MINIMUM of 12 pesos per liter at the end of January
Regular fuel reaches this minimum price for the sixth consecutive day in a station located in Río Bravo, Tamaulipas; for each liter of gasoline, this week the federal government applies a fiscal stimulus of 0.09 cents. At the end of 2017, gasoline prices were officially released throughout Mexico; that is, they stopped being capped by […]
Remittances grew by 7.6% in 2023, for a total record of US$63 billion
The amount of money that Mexican migrants send home to their relatives grew by 7.6% in 2023, to reach a record $63.3 billion for the year, Mexico’s central bank said Thursday. The money transfers, known as remittances, have been booming since the coronavirus pandemic, but the rate of growth continued to cool somewhat in 2023. […]