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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.

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        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.

            Escape The World In The

            Caribbean's #1
            Retirement Haven

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            A world full of fun, adventure, and profit awaits! Sign up for our free daily e-letter, Overseas Opportunity Letter, and we’ll send you a FREE report on the 10 Best Places To Retire In Style Overseas Today 2024






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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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