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Mexico Overview

Projected to rise to a top 10 economy by 2030, Mexico is showing increasing prominence in the global stage. The country relies heavily on its free trade agreements, with more than 90% of its trade under such agreements. However, Mexico is keen to further diversify its trade relationships by moving away from its reliance on the US – over 80% of exports go to the US.

Key growth sectors for businesses in the country include resources and energy, education and research, infrastructure finance, and food and agribusiness. With the support of reduced inflation and interest rates, the country is becoming increasingly attractive for global business engagements.

The OECD and WTO has also ranked Mexican workers as the hardest working in the world in terms of number of hours worked yearly.

Global State of the Market Report

In 2020, the Advisory Board Centre mapped professionals currently serving on Advisory Boards. This assessment identified over 2,500 professionals on Advisory Boards in Mexico

Mexico’s Advisory Board Landscape

Research has identified that the Advisory Board sector is emerging, and Advisors exist as a profession in Mexico. As an emerging sector, advisory board professionals may have opportunities in key sectors including – electronics, oil and mining – and are encouraged to stay open-minded to start-up and emerging industries.

Future Growth Opportunities

There is a growing opportunity for professionals to increase participation in Mexico, by formalising Advisory Board structures and collaborating on a global scale. As this sector grows, it is important to note that best practice credentials will shift the market from informal to formal Advisory Boards over time.

Key Statistics

Population 127.6m Labour Force by occupation
GDP  1.269tn (USD) Agriculture 13.4%
Industry 24.1%
GDP by sector Services 61.9%
Agriculture 3.6%
Industry 31.9% Global ease of doing business rank 60th
Services 64.5%% Global ease of doing business score 86.1/100
Imports 480.886bn (USD)
Export 491.593bn (USD)

 

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