The economy of Mexico is the second largest among the Latin American countries and ranks among the fifteen largest world economies. It is characterized by medium GDP per capita level, stable macroeconomic conditions, rapid development of the industry, strong export orientation and a significant foreign capital inflow, and in the observed period notes a steady economic growth. It is based on the production of oil and petroleum products, developed automotive, aerospace and electronics industries, and tourism. Although the dominant sector of the Mexican economy is service sector, the Mexican economy has recently achieved growth primarily due to achievements of the industrial sector and industrial products exports, mainly to the United States. Very open economic policy, high correlation with the US market, and numerous trade agreements, including the most influential North American Free Trade Agreement – NAFTA, serve to the Mexican industry development. These advantages, along with relatively low production costs, make especially attractive operating within the Maquiladora industry, which has developed into a sophisticated industry on which the dynamics of Mexican manufacturing sector currently rests. Although the Mexican economy faces some challenges, it is expected that the growth of the Mexican economy still continues.