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Mexico Facts And Figures

Facts About Mexico

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Facts About Mexico

Traditional decorations in streets in Mexico
iStock/Marcos Elihu Castillo Ramirez

Mexico, formally known as Estados Unidos Mexicanos (United Mexican States),  is a country with rich traditions and a strong culture.

Most importantly, Mexico has the 10th largest population in the world and is the 13th largest country in terms of total land area.

Another interesting facts about Mexico: It’s the country which introduced the world to chocolate. Plus, Spanish is the national language of Mexico. However, over 50 different indigenous languages are spoken.

Kathleen

Reviewed By Kathleen Peddicord

Kathleen is the Live and Invest Overseas Founding Publisher. She has more than 30 years of hands-on experience traveling, living, and buying property around the world.

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Information Type

 Mexico Data

Population

 

 130,861,007 people (Sept. 2024)

Currency

 Mexican Peso (MXN)

Exchange Rate Versus U.S. Dollar

 19.82 pesos per U.S. dollar (Sept. 2024)

Languages

 Spanish, Indigenous languages

Capital

 Mexico City

Population of Capital City

 22.51 million (metropolitan area, Sept. 2024)

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/
Kathleen

Reviewed By Kathleen Peddicord

Kathleen is the Live and Invest Overseas Founding Publisher. She has more than 30 years of hands-on experience traveling, living, and buying property around the world.

Where To Retire At Any Age - And Guarentee Yourself A Richer Liefstyle
Cover for Kathleen Peddicord's book At Home Abroad
Plus, Revealed Inside Your Free Book: 12 Top Places Where You Can Live The Good Life From As Little As $1000 A Month…
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Revealed Inside Your Free Book:
THE SECRET THAT WILL SAVE YOUR FINANCIAL FUTURE
FREE BOOK COWBOY MILLONAIRE THE NEW AMERICAN PIONEER
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Valencia, Spain

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Mexico Facts And Figures- FAQs

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Portugal is on the Iberian Peninsula, in the southwest corner of Europe. Portugal shares that peninsula Spain, its larger neighbor.

Portugal is known for Fado music and also for being the largest cork producer in the world.

Portugal’s high season is during July and August, especially to coastal areas. Expect to pay at least a 30% premium on accommodation and encounter warm weather across the country.

Yes, Portugal is a sought after retirement destination. In fact, it’s one the world’s top retirement havens.

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