The economy of Mexico is the 11th largest in the world and is a free market mixed economy, and is firmly established as an upper middle-income country The economy contains rapidly developing modern industrial and service sectors, with increasing private ownership.
Mexico City is the capital and largest city of Mexico. Mexico City is is one of the major political, economic, cultural and financial centers of the country. The city federal district produces 21.8% of the country’s gross domestic product.
Mexico City has an overall cost of living index which equates it with middle cost of living locations. The overall cost of living index is comprised of the prices for defined quantities of the same goods and services across all 13 Basket Groups.
The latest cost of living rank for each of the 13 Basket Groups is now available.