10% of Mexicans rose above poverty
Between 2018 and 2024, 10% of Mexicans rose above poverty, equivalent to 13.4 million people. At the same time, 1.7 million people emerged from extreme poverty. In Mexico, poverty is measured using a multidimensional approach. A person falls into this category when they face at least one social deprivation. This could be educational backwardness, lack […]
Top 10 insurance exporters in the world
The European Union, United Kingdom and United States were the top exporters of insurance (including pension services) in 2022, according to data from the World Trade Organization (WTO). The European Community bloc exported this type of services for a value of 58,767 million dollars in 2022, a year-on-year decrease of 2 percent. This was followed […]
Japan: aging population and fiscal policy
In addition to the Covid-19 pandemic, the aging population has a major impact on Japan‘s fiscal situation and policy, according to information from the World Trade Organization (WTO). Between 2017 and 2019, the government fiscal deficit (central and local government expenditures and social spending) fluctuated between 2.5 and 3.1% of Japanese GDP. In the context […]
Private consumption and GDP in Chile
The main component of aggregate demand in Chile is private consumption, which, as a percentage of GDP, represented 63.1% in the first half of 2022. Chile is a country rich in natural resources and its economy has historically been oriented towards the export of primary products. Public consumption was 13.8% of GDP in the first […]
Pension for Older Adults: how much is its budget for 2023?
Mexico‘s federal government proposed a budget of 335,499.4 million pesos for the Pension for Older Adults to be exercised in 2023. According to its own words, the Mexican government’s strategy is aimed at achieving social justice and the comprehensive welfare of older adults at retirement age. Furthermore, he argued in the Draft Expenditure Budget 2023, […]
Pemex is the ninth company with the most debt in the world
Pemex is the most indebted oil company in the world and the ninth most indebted company in the world considering all sectors, according to an OECD report. Its debt currently stands at around 10% of Mexican GDP. Contingent liabilities for pensions are also important, since they amount to 6.7% of GDP. The authorities intend to […]
Mexico has high income inequality
Mexico has experienced high levels of income inequality over the last century, according to an analysis by the US Congress. According to the World Inequality Report 2022, 57% of Mexico’s wealth was concentrated in 10% of the population, a figure that has remained between 55 and 60% during the last century. Historically, income inequality has […]
The Philippines has a service trade surplus of US $ 13.1 billion
The Philippines posted a surplus in its services trade of $ 13.1 billion in 2020, an increase of 0.3% over 2019. More than anything, the larger surplus in services trade was attributed to a 5.2% increase in the surplus of other businesses and services from $ 12 billion in 2019 to $ 12.6 billion in […]
China and New Zealand update FTA
China and New Zealand signed an agreement on Tuesday to update the Free Trade Agreement (FTA) between the two countries. The FTA «Update Protocol» recognizes that the free trade relationship between China and New Zealand further enhances the quality and efficiency of the «Regional Comprehensive Economic Partnership Agreement» (RCEP). The main contents include: the opening […]
Mexico’s oil and gas extraction grows 4.2%
The extraction of oil and gas from Mexico grew 4.2% in the first quarter of 2020, at an annual rate, the Inegi reported. The Mexican government has been evaluating measures to address the future development of the Mexican oil and gas sector, including the financial and operational challenges facing Petróleos Mexicanos (Pemex). In March alone, […]