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.
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
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.
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.
|Population||127.6m||Labour Force by occupation|
|GDP by sector||Services||61.9%|
|Industry||31.9%||Global ease of doing business rank||60th|
|Services||64.5%%||Global ease of doing business score||86.1/100|