As of April 2018, Mexico has the 15th largest nominal GDP (US$1.15 trillion) and the 11th largest by purchasing power parity (US$2.45 trillion). GDP annual average growth was 2.9% in 2016 and 2% in 2017. Agriculture has comprised 4% of the economy over the last two decades, while industry contributes 33% (mostly automotive, oil, and electronics) and services (notably financial services and tourism) contribute 63%. Mexico's GDP in PPP per capita was US$18,714.05. The World Bank reported in 2009 that the country's Gross National Income in market exchange rates was the second highest in Latin America, after Brazil at US$1,830.392 billion, which led to the highest income per capita in the region at $15,311. Mexico is now firmly established as an upper middle-income country. After the slowdown of 2001 the country has recovered and has grown 4.2, 3.0 and 4.8 percent in 2004, 2005 and 2006, even though it is considered to be well below Mexico's potential growth. The International Monetary Fund predicts growth rates of 2.3% and 2.7% for 2018 and 2019, respectively. By 2050, Mexico could potentially become the world's fifth or seventh largest economy.