[20210426]IF11175_美墨贸易关系 .pdf

https:/crsreports.congress.gov Updated April 26, 2021U.S.-Mexico Trade Relations Overview The U.S.-Mexico economic and trade relationship is of interest to U.S. policymakers, including Members of Congress, because of Mexicos proximity to the United States, the extensive bilateral trade and investment relationship under the North American Free Trade Agreement (NAFTA) and its replacement, the U.S.-Mexico-Canada Agreement (USMCA), and the strong cultural and economic ties that connect the two countries. Mexicos Economy Mexico is the second-largest economy in Latin America. It has a population of 129 million people, making it the most populous Spanish-speaking country in the world and the third-most populous country in the Western Hemisphere. Mexicos gross domestic product (GDP) was an estimated $1.1 trillion in 2020, equal to an estimated 5% of U.S. GDP of $21.1 trillion. In terms of purchasing power parity (PPP), Mexican GDP was higher, $2.4 trillion, or about 11% of U.S. GDP. Mexicos per capita GDP is relatively high by global standards, and falls within the World Banks upper-middle income category. Trends in Mexicos GDP growth generally follow U.S. economic trends, but with higher