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      Mexico Facts And Figures

      Facts About Mexico

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

          Facts About Mexico

          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.

              6 gifts of christmas event
              Claim Every Giveaway
              And Deal Available Now!
              SAVE NOW
              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…
              Get My Free Book

              Escape The World In The

              Caribbean's #1
              Retirement Haven

              Belize Conference

              Feb. 19-21, 2025

              LEARN MORE!

              THE SINGLE

              BEST PLACE

              To Live Or Retire In Europe…

              Live And Invest In Portugal Conference 2025

              Apr. 09-11, 2025

              LEARN MORE
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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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