Mexico ranked among the world's top 50 economies for ease of doing business

Mexico’s economy is been doing great and recent reports are the testimonials of it. According to Mexico's Finance Ministry, the gross domestic product has expanded 3.3% in the third quarter from a year earlier. However officials acknowledge the probability that Mexico real estate region's growth could end up closer to 4%. The official third-quarter GDP data will be released by the National Statistics Institute on November 16.  

Before that here is a sneak peak of the growth recorded during the same period:
  • A rise in the number of formal private-sector jobs was registered. It went up to 716000 in September when compared to a year earlier.
  • Bank credit to the private sector rose to 8.9% in August.
  • The fiscal deficit in the first nine months of the year was 175.9 billion pesos ($13.4 billion), in line with the budgeted deficit of 2.4% of GDP for the full year.
  • Oil revenue in the first nine months of the year rose 4.9% from the same period of 2011.
  • Non-petroleum tax revenue rose 3.6% in the January-September period.
  • Federal public sector net debt at the end of September was equivalent to 32.2% of GDP, up from 31.7% at the end of 2011.
  • The public sector borrowing requirement, a broader measure of public sector debt, was equivalent to 35.8% of GDP, up from 35.6%.
  • Federal government net domestic debt was MXN3.311 trillion at the end of the third quarter, while federal government net foreign debt was $65.9 billion.
Apart from these developments, Mexico has been ranked among the world's top fifty economies for ease of doing business. The report released by The World Bank's "Doing Business 2013: Smarter Regulations for Small and Medium-Size Enterprises" indicates the improvement in the country for the fourth consecutive year. Mexico is ranked 48 under the overall "ease of doing business" category, far surpassing all the BRIC countries, namely Brazil (130), Russia (112), India (132), and China (91).

The report assesses regulations affecting domestic firms in 185 economies, including Mexico, and ranks the economies measured by ten areas of business regulation, including: starting a business, dealing with construction permits, getting electricity, registering property, getting credit, protecting investors, paying taxes, trading across borders, enforcing contracts, and resolving insolvency.

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