Appendix A       Key Economic Indicators

                                              1993        1994
Domestic Economy
Population (year-end, millions)               86.1        87.7
Population Growth (pct. change p.a)            1.9         1.9
GDP, current US dollars (billions) 1         360.0       370.1
GDP per capita, current US Dollars 1        4181.2      4298.3
Real GDP Growth (pct. change p.a.)             0.4         2.4
Real GDP/Per Cap Growth (pct. change p.a) 2   -1.5         0.0
Consumer Price Index (pct. change p.a.)        8.0         6.5
Money Supply (M-1) (pct. change p.a.) 3       18.8        15.0
Production and Employment
Labor force (year-end, millions)              28.0        28.6
Open Unemployment (pct. of work force)         3.7         3.7
Real Industrial Production (pct. change p.a.) -0.2         1.2
Gross Domestic Investment (pct. of GDP)       21.9        22.8
Govt. Financial Balance (pct. of GDP)          0.7         0.0
Balance of Payments (USD billions)
Exports (FOB)                                 51.9        57.2
Imports (FOB)                                 65.4        74.7
Trade Balance                               - 13.5       -17.5
Current Account Balance                     - 23.4       -26.0
Foreign Direct Investment                      4.9         7.0
Foreign Portfolio Investment                  28.4        27.0
Capital Account                               30.9        27.8
Errors and Omissions                         - 1.4        -1.3
Foreign Exchange Reserves (end-of-period)     24.5        25.0
Foreign Debt (end-of-period)                 120.8       128.0
Foreign Debt (pct. of GDP)                    33.6        34.6
Ave. Annual Exchange Rate (New Pesos) 4        3.1110      3.31
Foreign Direct Investment (USD billion) 5
Total (cumulative)                            42.4        49.5
U.S. (cumulative)                             26.3        31.0
U.S. Share (percent)                          62.0        62.7
U.S. Mexico Trade (USD billions)
U.S. Exports to Mexico (FAS)                  41.4        49.0
U.S. Imports from Mexico (CUS)                39.6        47.0
Trade Balance 6/                               1.8         2.0
U.S. Share of Mexican exports (pct.) 7/       83.0        83.5
U.S. Share of Mexican imports (pct.) 7/       71.1        71.3


1)                At average exchange rate for year; sharp
                  fluctuation in dollar values are due to
                  exchange rate movements.  Faster growth
                  of GDP in dollars than pesos is due to
                  appreciation of the peso versus the dollar
                  since late 1989.
2)                Real GDP Per Cap Growth- (1+real GDP
                  growth/ 1+ population growth) -1.
3)                Excludes portfolio investments.
4)                Based on U.S. data, which include imports
                  and exports for in-bond sector.  U.S. data
                  are calculated free alongside (FAS) for
                  exports and customs basis (CUS) and
                  imports.  Mexican data are calculated free
                  on board (FOB) for both imports and
                  exports.
5)                Based on Mexican ata which include in-
                  bond trade.