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Per capita income is one-fourth that of the US. Income distribution remains highly unequal. Trade with the US and Canada has tripled since the implementation of free trade—NAFTA in 1994. Real Gross Domestic Product (GDP) growth was a weak -0.3% in 2001, 0.9% in 2002, and 1.2% in 2003 with the US slowdown the principal cause. Mexico implemented free trade agreements with Guatemala, Honduras, El Salvador and the European Free Trade Area in 2001, putting more than 90% of trade under free trade agreements.