Outsourcing rates by profession ($/hour)
Indicative blended rates for senior-level specialists.
| Profession | Min | Max | Avg |
|---|---|---|---|
| Business Analyst | 51 | 62 | 58 |
| Project Manager | 54 | 75 | 59 |
| Scrum Master | 49 | 72 | 57 |
| Graphic Designer | 44 | 68 | 56 |
| DevOps | 54 | 75 | 67 |
| Lead Developer | 60 | 75 | 68 |
| Junior Developer | 38 | 48 | 43 |
| Intermediate Developer | 48 | 60 | 54 |
| Senior Developer | 59 | 75 | 65 |
| Junior QA (Manual) | 31 | 47 | 37 |
| Intermediate QA (Manual) | 38 | 54 | 48 |
| Senior QA (Manual) | 48 | 60 | 56 |
| Junior QA (Automated) | 32 | 48 | 41 |
| Intermediate QA (Automated) | 44 | 57 | 54 |
| Senior QA (Automated) | 54 | 66 | 62 |
General information
Currency
MXN
GDP growth%
4.7
Population
126.7 million (2021)
Time zone
GMT-6
Region
North America
Scorecard
160 country assessments, drawn up on the basis of macroeconomic, financial and political data, are made freely available.
Regularly updated, they provide an estimate of the average credit risk on a country’s businesses. This is an invaluable tool, giving an indication of a country’s potential influence on businesses’ financial commitments.
Our analyses use a eight-level ranking. In ascending order of risk, these are
Source linkcoface.com/Economic-Studies-and-Country-RisksOverall readiness
Software outsourcing readiness
Technology capabilities
Embedded Software
Mobile applications
Key industries
Economic overview
Political Stability
0.70The likelihood of political instability and/or politically motivated violence, including terrorism, is rated on a scale of approximately -2.5 to 2.5, where the score of -2.5 represents the highest perceived risk, and the score of 2.5 represents the lowest perceived risk.
Democracy status
5.57A global ranking based on political factors such as elections, government, participation, culture, and civil liberties.
Business climate
AcceptableA comprehensive evaluation of the business environment, including access to and accuracy of corporate financial information and the strength of creditor protection through fair and effective resolution of unpaid debts through the local legal system.
Risk assessment
HigherAn assessment of the average risk of non-payment for companies, determined by economic, financial, and political factors.
Figures are indicative and compiled from public indices. See our disclosure for methodology and sources.
Overview
Mexico is a large country located in North America, with a rich history and diverse culture. The country has a well-developed market economy, which is the 11th largest in the world by nominal GDP. The industrial sector is a major contributor to the economy, with a focus on industries such as automobile manufacturing, electronics, and food and beverages. The service sector is also a significant part of the economy, with strong sectors such as tourism, financial services, and telecommunications.
Mexico is a member of the North American Free Trade Agreement (NAFTA), which has helped to facilitate trade and investment between Mexico, the United States, and Canada. The country has also signed free trade agreements with a number of other countries, including Japan and the European Union.
Mexico has a well-developed infrastructure, with a modern transportation system and a strong telecommunications network. The country has made significant investments in the development of its IT sector, including initiatives to promote innovation and entrepreneurship in the field. Mexico also has a high level of education and a skilled workforce, which contributes to its competitiveness in the global economy.
Considering Mexico for your next team?
Talk to us about building a dedicated engineering, data, or marketing team.