What is the average GDP of Mexico?
$10,118 (nominal, 2019 est.) $20,868 (PPP, 2019 est.)
Why is Mexico’s GDP so low?
In 2020 Mexico suffered its worst economic contraction since the great depression. Aggregate output shrank by 8.5%. Between 2018 and 2020 at least 3.8m people fell into poverty (according to a measure that takes into account access to services as well as income). That brought the poverty rate to almost 44%.
What is Mexico’s GDP ranking?
Mexico is considered as the 15th largest economy in the world, while leading exporter in the Latin America. It has a Gross Domestic Product (GDP) of $1,269 billion, with a nominal GDP of $9,946.
Is Texas economy bigger than Mexico?
Florida and Alabama, with $1.087 trillion in GDP, almost match Mexico at $1.14 trillion, while Texas’s economy, $1.59 trillion, is close to that of Brazil at $1.74 trillion.
What was the GDP for 2018?
$20.49 trillion
Current-dollar GDP increased 5.2 percent, or $1.01 trillion, in 2018 to a level of $20.49 trillion, compared with an increase of 4.2 percent, or $778.2 billion, in 2017 (table 1 and table 3).
Is Mexico a 3rd world country 2022?
“Third World” lost its political root and came to refer to economically poor and non-industrialized countries, as well as newly industrialized countries….Third World Countries 2022.
| Country | Human Development Index | 2022 Population |
|---|---|---|
| Grenada | 0.772 | 113,475 |
| Mexico | 0.774 | 131,562,772 |
| Cuba | 0.777 | 11,305,652 |
| Saint Kitts And Nevis | 0.778 | 53,871 |
What is the per capita GDP of Mexico?
The GDP per Capita in Mexico is equivalent to 71 percent of the world’s average. source: World Bank GDP per capita in Mexico averaged 7397 USD from 1960 until 2020, reaching an all time high of 9945.78 USD in 2018 and a record low of 3741.93 USD in 1960.
Who has more GDP Mexico or Brazil?
Brazil has the ninth-largest economy in the world and the largest in Latin America with a nominal GDP of $1.85 trillion. Brazil is also the largest and most populous nation in Latin America. Brazil has the world’s 73rd highest per capita GDP of $8,967 and a GDP (PPP) of $2.40 trillion. The country has an estimated $21.8 trillion in natural resources, which includes vast amounts of timber, uranium, gold, and iron. Brazil is a developing free-market economy.
What is the GDP and literacy rate for Mexico?
The literacy rate is commonly defined as the share of people in a country who are older than 15 years and are able to read and write. In Mexico, a state with more than 115 million inhabitants, the literacy rate is above 90 percent, making it significantly higher than the global average.
What state has the highest GDP growth?
– Q4 2020 GDP – $145.78 billion – GDP percent of the US Q4 2020 – 0.7% – GDP per capita in 2019 – $178,442