According to the statement issued by the Treasury Department of Mexico, the country’s economy has fallen by 6.8% in last year, the most terrible figure in the last 30 years.

Moreover, the 2009’s Gross domestic Product (GDP) fall outpaced the 6.2% decrease in country’s currency as well as debt crisis in 1995.

As per the report released by Treasury Department, “A bright spot was a 1.2 percent expansion in the fourth quarter of 2009 from the third quarter, although the level of economic output was 3 percent lower than the same period of 2008.”

However, it was the 2nd successive quarter of GDP growth. The expanded economy for the third quarter is 2.9%.

While talking to reporter, a spokesperson from the department said, “We expects GDP to grow about 3 percent for all of this year, while noting the recent evolution of the economy suggest the probability that growth may be greater than that prediction is considerable.”

Reporter added that Mexico has lost as many as 181,271 registered jobs in last year. Many of country’s 107 million people work in the informal areas.