Was Mexico rich in the 60s?
Was Mexico rich in the 60s? From 1960 to 1970, the Mexican economy grew at a fairly steady rate of7 percent per year, while population rose at 3.5 percent, thus allowing for an average annual increase in per capita GDP of almost 3.4 percent. By 1970, GDP per capita was already equivalent to some US$500, at 1960 prices. What was Mexico's economy based on? Mexico has the ninth-largest economy in the world. Its main industries are food and beverages, tobacco, chemicals, iron and steel, petroleum, clothing, motor vehicles, consumer durables, and tourism. It is a major exporter of silver, fruits,...