Key Facts About Mexico

Anke Corbin

The information on this page was current at the time it was published. Regulations, trends, statistics, and other information are constantly changing. While we strive to update our Knowledge Base, we strongly suggest you use these pages as a general guide and be sure to verify any regulations, statistics, guidelines, or other information that are important to your efforts.

Facts You Should Know about Mexico

In this section, you will find basic information intended to give you a quick overview to get you started in Mexico. We’ll continue to add to it based on your needs. If there’s something missing, send us an email at hello@globig.co , we will let you know when we have added it.

Conventional Long Form Name of Mexico: United Mexican States
Local Conventional Short Form Names of Mexico: Mexico
Mexico Internet Country Code: .mx
Mexico Capital: Mexico City
People from Mexico are called: Mexicans
Mexico Official Language: Spanish
Mexico Total Population: 126.7 million
Mexico Urban Population: 84%
Mexico Major Urban Areas: Mexico City,Guadalajara,Monterrey,Puebla,Tijuana,Ciudad Juárez,León, Querétaro,Mérida, Cancún.
Mexico Currency: Mexican Peso, “MXM”
Mexico Currency Symbol: $,MXM
Mexico Thousands Separator (comma) and Decimal Mark (dot): 1234567.89
Mexico Clock: 24 hour clock
Mexico Date format: dd/mm/yyyy
Mexico Time Zones for Standard Time (ST) and Daylight Savings Time (DST): Mexican Pacific Standard Time (MST): Standard Time (ST): UTC-7 Daylight Saving Time (DST): UTC-6 Mexican Mountain Standard Time (MST): Standard Time (ST): UTC-6 Daylight Saving Time (DST): UTC-5 Mexican Central Standard Time (CST): Standard Time (ST): UTC-5 Daylight Saving Time (DST): UTC-5 (The Central Time Zone in Mexico does not observe DST.) Mexican Eastern Standard Time (EST): Standard Time (ST): UTC-5 Daylight Saving Time (DST): UTC-4
Mexico Daylight Savings Time: Mexico observes Daylight Saving Time (DST), known locally as “Horario de Verano” (Summer Time), in most parts of the country.
Mexico Phone Number Country Code: 52
Mexico Landline Phone Number Format: (area code) + (10 digits)
Mexico Cell Phone Number Format: 10 digits
Mexico Standard Work Week: 48 hours, spread over six days. The common schedule is eight hours per day, Monday through Saturday.
Mexico Annual Leave: Governed by the Federal Labor Law.
Mexico National Holiday: September 16th, or Independence Day.
Mexico Voting Age: 18
Mexico Drinking Age: 18 years old, applies to the purchase and consumption of alcoholic beverages in public places such as bars, restaurants, and stores.
Smoking in Mexico: 18 years old,individuals must be at least 18 years old to purchase and consume tobacco products legally.
Mexico Location and Geography: Located in North America, bordered to the north by the United States, to the south and west by the Pacific Ocean, to the southeast by Guatemala, Belize, and the Caribbean Sea, and to the east by the Gulf of Mexico.
Mexico National symbol(s): The national emblem is an eagle holding a snake in its beak. The eagle stands on a nopal (cactus plant).
Mexico National colors: Green, White, and Red.
Mexico Government and political system: Federal presidential representative democratic republic.
Mexico Head of state: The President is the Head of state in Mexico
Mexico Election Tenure: Are held every 6 years to elect a president and every 3 years to elect a legislature.
Mexico Constitution: The Constitution of Mexico, known as the Political Constitution of the United Mexican States (Constitución Política de los Estados Unidos Mexicanos), is the supreme law of Mexico. It was originally promulgated on February 5, 1917, following the Mexican Revolution, and has been amended several times since then. The Constitution establishes the structure and powers of the government, as well as the rights and obligations of citizens.
Mexico Legal System: Mexico system is characterized by codified laws, where legislation is the primary source of law.
Mexico Climate: Tropical with a rainy and dry season and little temperature fluctuation from season to season. The temperature in all areas of Mexico typically ranges between 50°F and 90°F throughout the year.
Mexico Natural Resources: Mexico is rich in natural resources, which contribute significantly to its economy and development. Some of the key natural resources found in Mexico include: Petroleum and Natural Gas-Minerals-Agricultural Land-Forests-Water Resources-Renewable Energy.
Religions in Mexico: Is a predominantly Christian country, with the vast majority of its population identifying as Roman Catholic.

Mexico Female Population: Key Facts and Figures

Mexico’s female population comprises a significant portion of the country’s demographic landscape. As of the latest available data, women constitute approximately 51.2% of Mexico’s total population, which translates to around 65.1 million individuals. This demographic distribution underscores the crucial role women play in Mexican society, spanning various sectors including education, workforce participation, and family dynamics.

However, despite the numerical parity, women in Mexico continue to face systemic challenges in achieving gender equality and empowerment. Issues such as gender-based violence, limited access to education and healthcare, and disparities in economic opportunities persist, impacting women’s overall well-being and socioeconomic advancement.

Efforts to address these challenges have been underway, with initiatives aimed at promoting women’s rights, enhancing access to education and healthcare services, and fostering economic empowerment. Nevertheless, there remains a pressing need for comprehensive policies and sustained efforts to ensure the full inclusion and empowerment of Mexico’s female population, contributing to the country’s overall development and prosperity.

Population by Age in Mexico

The population by age in Mexico reflects a diverse demographic composition with significant implications for social and economic development.
According to recent data, Mexico has a relatively young population, with a considerable proportion falling within younger age brackets.
Around 27.7% of the population is under the age of 15, highlighting the country’s large youth cohort. Moreover, approximately 37.6% of the population falls within the working-age group of 15 to 64 years old, indicating a substantial labor force.
However, Mexico is also experiencing demographic shifts characterized by population aging, with individuals aged 65 and older constituting around 7.6% of the population.
This aging trend is expected to continue in the coming decades, posing challenges related to healthcare, pension systems, and social welfare programs.
Additionally, the distribution of age groups varies across different regions of Mexico, with urban areas generally exhibiting higher proportions of working-age adults and rural areas showing higher concentrations of children and older adults.

Understanding the demographic dynamics of Mexico’s population by age is crucial for informing policies and programs aimed at addressing the needs of different age groups and fostering inclusive and sustainable development.

Age Structure in Mexico

As of 2023, according to the “CIA World Factbook,” the age structure of Mexico is as follows:

0-14 years: 26.84% (male 14,585,802/female 13,978,964)
15-24 years: 18.61% (male 10,016,679/female 9,677,065)
25-54 years: 39.12% (male 20,554,609/female 21,755,675)
55-64 years: 7.45% (male 3,722,756/female 4,043,854)
65 years and over: 8.98% (male 4,017,215/female 5,519,330)

Aging and Gender in Mexico’s Population

Aging and gender dynamics in Mexico present a complex intersection of demographic trends and societal challenges. As of the latest available data, the population aging trend in Mexico is evident, with individuals aged 65 years and older constituting approximately 8.98% of the population. This demographic shift has significant implications for gender dynamics, as women tend to have longer life expectancies compared to men.

In Mexico, women outnumber men among the elderly population, with females comprising a higher proportion of individuals aged 65 years and over. This gender disparity in aging is reflected in various aspects of life, including healthcare utilization, social support networks, and economic participation.

Women in older age groups may face distinct challenges related to health and well-being, exacerbated by factors such as limited access to healthcare services, lower socioeconomic status, and caregiving responsibilities. Moreover, the feminization of aging in Mexico underscores the importance of addressing gender inequalities across the life course, including efforts to promote women’s empowerment, improve healthcare access, and enhance social protection systems for elderly women.

References

— END OF PAGE–

Not ready to commit to full international expansion yet?

Start with Globig Essentials – our free membership designed to help you learn, plan, and take confident first steps.

Join 15,000+ global-minded founders and teams accessing

Country Overviews So You Know Where To Start

How-To Videos & Podcast Insights From Experts

Bi-Monthly Global Business Newsletter Curated For Growth

Expert Webinars To Learn More

Unlock practical guidance, real-world strategies, and tools you can use immediately – it’s free forever, no credit card required.