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.
Another interesting fact about Mexico: It’s 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 ForeignOwnership 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 CityBlas 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. |
| 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/ |
More facts about Mexico: Spanish is the national language of Mexico. However, over 50 different indigenous languages are spoken.
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