<Tr> <Th> Foreign reserves </Th> <Td> $177.597 billion (December 2015) </Td> </Tr> <Tr> <Td_colspan="2"> Main data source: CIA World Fact Book All values, unless otherwise stated, are in US dollars . </Td> </Tr> <P> The economy of Mexico is the 13th largest in the world in nominal terms and the 11th largest by purchasing power parity, according to the International Monetary Fund . Since the 1994 crisis, administrations have improved the country's macroeconomic fundamentals . Mexico was not significantly influenced by the 2002 South American crisis, and maintained positive, although low, rates of growth after a brief period of stagnation in 2001 . However, Mexico was one of the Latin American nations most affected by the 2008 recession with its Gross Domestic Product contracting by more than 6% in that year . </P> <P> The Mexican economy has had an unprecedented macroeconomic stability, which has reduced inflation and interest rates to record lows and has increased per capita income . In spite of this, enormous gaps remain between the urban and the rural population, the northern and southern states, and the rich and the poor . Some of the unresolved issues include the upgrade of infrastructure, the modernization of the tax system and labor laws, and the reduction of income inequality . Tax revenues, all together 19.6 percent of GDP in 2013, are the lowest among the 34 OECD countries . </P>

Where does mexico stand in the world economy