Manufacturing and Foreign Investment
The manufacturing sector, which accounts for about 18% of GDP, dropped by 0.4% in real terms in 2008. Construction dropped by 0.6% in real terms in 2008.
Foreign direct investment (FDI) in Mexico for 2008 was $ 22.5 billion, down 18.5% from the previous year. The U.S. was once again the largest foreign investor in Mexico, accounting for 40% ($9.1 billion FDI from the U.S.) of reported FDI. The economic slowdown in the U.S. in 2008 and 2009 has caused a significant decline in this figure. The Mexican Government estimate of FDI for 2009 is $12 billion to $13 billion.