Mexico is poorer than the U.S. But by world standards, it’s not a poor country.

Whether you follow the statistics of the International Monetary Fund, the World Bank or the CIA, Mexico’s Gross Domestic Product (calculated with Purchasing Power Parity) is around one and a half trillion dollars. Mexico thus has the world’s eleventh largest economy….

…. according to the Mexican government’s own official criteria, 44.2% of the population lives in poverty. Of this segment of the population, by the government’s own standards, around 10% live in “extreme poverty”.

One salient feature of the whole wealth and poverty issue in Mexico is the presence of super-rich Mexicans, including billionaires. (That’s dollar billionaires, not peso billionaires).

Mexico is home to the world’s richest man—telecom mogul Carlos Slim, who has his hand in all sorts of businesses in Mexico.

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Article  by Allan Wall, published  on June 3rd, 2011 on VDARE.COM.

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