Economy of Mexico
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Mexico has a developing mixed economy. It is the 13th largest in the world in nominal GDP terms and by purchasing power parity as of 2026. Since the 1994 crisis, administrations have improved the coun
Mexico City, the capital city of Mexico
Porfirio Díaz, (1876–1911) in whose presidency rapid industrialization took place in foreign capital.
President José López Portillo 1976–1982, during whose administration the economy soared with the discovery of oil and then crashed when the price dropped.
A portion of the port of Veracruz
Mexican peso
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The Mexican peso is the official currency of Mexico. The currency was first introduced in 1863, replacing the old Spanish colonial real.
Economy of Mexico
…prices plunged and interest rates rose. In 1982, López Portillo, just before ending his administration, suspended payments on foreign debt, devalued the peso, and nationalized the banking system, along with many other industries severely affected by the crisis, among them the steel industry. While import…
Spanish dollar, 1761
Front and back of an 1866 twenty-peso gold coin, depicting Maximilian I of Mexico
Peseta or 25 centavos, 1889
Tostón, or 50 centavos, 1919