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Mexico is a federal republic in the southern part of North America. Its territory is 761,610 square miles, which ranks it sixth largest in the Americas, as well as 13th worldwide. It includes 2,317 square miles of islands in the Pacific Ocean. With a population of more than 120 million people, Mexico is the largest Spanish-speaking country in the world. Its vast territory spans a number of impressive mountain ranges and long coastlines. The natural beauty and biodiversity, as well as rich historical and cultural attractions, bring tourists from around the world. It’s one of the most visited countries on the globe.
The first human settlements in Mexico date back to 10,000 years ago. Later, this was the land of the great Mayans and Aztecs. With the arrival of Europeans in America, the Spanish Empire colonized it as New Spain. Mexico regained its independence in 1812.
Mexico is an upper middle-income country. Its Gross National Income (GNI) ranks second in Latin America. Still, there are great income disparities, despite a positive trend of a growing middle class. Mexico is a major producer and exporter of oil, electronics, manufactured and industrial goods, and automobiles.
About 79% of the population lives in cities and metropolitan areas. The capital, Mexico City, is one of the largest cities in the world with more than 21 million inhabitants. Guadalajara and Monterrey each have more than four million citizens. Other major urban areas include Puebla, Toluca, Tijuana, and Leon.
The official language in Mexico is Spanish. About 5% of the population also speaks an additional indigenous language. The most popular are Nahuatl, Yucatec Maya, Mixtec ,and Zapotec. There are 364 indigenous languages altogether. English is used in urban areas, mostly for trade and international business. The literacy rate is 93.96%.
Universities in Mexico rank among the top higher education institutions in Latin America. The most renowned ones are the Monterrey Institute of Technology and Higher Education, Benemérita Universidad Autónoma de Puebla, National Autonomous University of Mexico, Universidad Autónoma de Nuevo León, Universidad Autónoma de Yucatán, University of Guadalajara, and Autonomous University of Baja California (UABC). Some of the best programs they offer to Mexican and international students are in business, finance, technology, and engineering.
Freelancing is a popular work option for professionals in the country. Many talented freelancers work online, which allows them to gain access to more diverse job opportunities around the world. The flexibility and freedom, combined with good remuneration, often attract young specialists from urban areas to choose this work path. Top freelancers from Mexico offer their services in IT, software development, and marketing.
The average monthly income in Mexico is 49,200 MXN ($2,600). The lowest monthly income starts at 10,000 MXN ($530) in the services sector. Engineering and business planning jobs pay around 35,000 MXN ($1,800) per month. The most well-paid roles are in marketing and executive management, where salaries can reach up to 100,000 MXN ($5,300) monthly.
The currency in Mexico is the Mexican peso (MXN). The exchange rate is 1 USD to 18.81 MXN.
International payment services like PayPal, Payoneer, and Transferwise operate in Mexico.
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