Mexico Facts and Figures

Facts About Mexico

iStock/Marcos Elihu Castillo Ramirez

Mexico, formally known as Estados Únidos Mexicanos (United Mexican States), is a country with rich traditions and a strong culture. Mexico has the 10th largest population in the world and is the 13th largest country in terms of total land area. Spanish is the national language of Mexico, although over 50 different indigenous languages are spoken. Mexico is the country which introduced the world to chocolate.


Information Type	Mexico Data
Population	128,932,753 people (June 2020)
Currency	Mexican Peso (MXN)
Exchange Rate Versus U.S. Dollar	21.86 pesos per U.S. dollar (June 2020)
Languages	Spanish, Indigenous languages
Capital	Mexico City
Population of Capital City	21.7 million (metropolitan area, June 2020)
Time Zone	GMT – 6
Seasons	Coasts: hot and humid. Inland: dry and warm year-round.
International Dialing Code	52
Electricity	127V / 60 Hz. Plug Type: A, B (US style)
System of Government	Federal Republic
Current Leader	President Andres Manuel Lopez Obrador (since 2018)
Income Tax Rate for Residents	Progressive up to 35%
Property Tax	1% to 5%
Capital Gains Tax	0 to 10%
Inheritance Tax	0%
Rental Income Tax	Taxed as regular income
Transfer Tax	2% to 5%
Sales Tax	0 to 16%
Restrictions on Foreign Ownership of Property	For property 50 km from ocean or 100 km international border, foreigners must own through a bank trust.
Local Chamber of Commerce	www.ccmexico.com.mx Paseo de la Reforma 4206048 MEXICO, D.F.Tel: 52-5-3685-2269
American Chamber of Commerce	www.amcham.org.mx Mexico City Blas Pascal 205, 3.er pisoCol. Los Morales 11510 Mexico City Tel: 52-55-5141-3800
Primary Exports	Manufactured goods, oil and oil products, silver, fruits, cotton, vegetables, coffee.
Residency and Visa Requirements	Tourist Visa: If you’re visiting Mexico as a tourist you don’t need a visa, but you do need a tourist card, which you can get on arrival by completing an immigration form available at border crossings or on-board flights to Mexico. Tourists and business visitors can stay in Mexico for up to 180 days. Residency: Mexico operates what is known as a Temporary Resident Visa, intended for people who wish to live in Mexico for more than six months and not longer than four years. The Temporary Resident Visa is a renewable long term (more than six months) permit which gives non-immigrant temporary residency status to the holder. Citizenship: After residency of a continual five years with an immigrant visa.
Special Benefits for Foreign Residents or Retirees	Valid foreign residents are eligible for Mexican senior citizen benefits that amount to discounts of up to 50% on a variety of goods and services, from health care to movie tickets to hotel rooms.
National Airline	Aeromexico – www.aeromexico.com/