BIS central bankers’ speeches  1  Specifically, during the same six decades – 1950 to 2010 – the average annual growth in per-capita GDP was 2 percent, a rate which is disappointing, at least, for two reasons. First, it is similar to that registered during the same period by some mature economies, such as the United States.
Since Mexico is a developing country, presumably exhibiting a wider set of basic unexploited investment opportunities, output growth should have been higher, narrowing the development gap with the most industrialized nations. Furthermore, Mexico’s economic evolution compares unfavorably with leading emerging economies which five decades ago were either below or at its own level of income.