Belize vs Mexico: Economic Indicators Comparison

Mexico with a GDP of $1.2T ranked the 15th largest economy in the world, while Belize ranked 176th with $1.9B. By GDP 5-years average growth and GDP per capita, Mexico and Belize ranked 109th vs 122nd and 77th vs 109th, respectively.

Gross Domestic Product & Income

StatBelizeMexico
GDP$1.9B$1.2T
GDP growth, 1 year3%2%
GDP growth, 5-years average2.2%2.6%
Population375k130.5M
GDP per capita$4.9k$9.7k
GDP per capita growth1.07%0.99%
Purchasing Power Parity conversion factor1.139.38
Price level ratio of PPP conversion factor GDP to market exchange rate0.560.49
GDP per capita, PPP adjusted$8.5k$21k
GNI, Atlas method$1.7B$1.2T
GNI per capita$4.5k$9.2k
GNI, PPP adjusted$3B$2.4T
GNI per capita, PPP adjusted$7.8k$19k

Financial system and Human development

StatBelizeMexico
Income Tax Rate25%35%
Corporate Tax Rate25%30%
Inflation, consumer prices0.3%4.9%
Inflation, GDP deflator-1.1%5%
Unemployment9.4%3.3%
Economic Freedom Index57.466
Personal Freedom Index7.47.23
Human Freedom Index7.376.94
Property Rights Index44.458.3
Judical Effectiveness Index46.434.7
Business Freedom Index60.967
Fiscal Health Index53.987.5
Labor Freedom Index54.358.4
Investment Freedom Index5575
Financial Freedom Index5060
Trade Freedom Index64.287.6
Monetary Freedom Index80.470.9
Government Spending Index66.379.3
Tax Burden Index79.576.1
Government Integrity Index33.536.7
Corruption Perceptions Index5828
Life expectancy at birth, years74.474.9
Suicide mortality rate, per 100,000 people4.75.1
Mortality caused by road traffic injury, per 100,000 people28.313.1
Intentional homicides, per 100,000 people37.924.8
International tourism, number of arrivals489k41.3M

Government debt & reserves

StatBelizeMexico
Central government debt, % of GDP94.8%53.6%
External debt stocks, % of GNI76.8%38%
External debt stocks$1.4B$453B
Short-term debt, % of total reserves1.2%34.6%
Total debt service, % of exports and primary income10.1%11.9%
Adjusted net savings including particulate emission damage, % of GNI-0.9%7.5%
Gross savings, % of GDP8.5%23.7%
Gross capital formation, % of GDP19%22.7%
Total reserves including gold$294.5M$176.4B
Foreign direct investment net inflows$119.5M$37.5B

Exports, imports and economic structure

StatBelizeMexico
Exports of goods and services, % of GDP57.7%39.3%
Imports of goods and services, % of GDP58%41.2%
Current account balance (balance of payments)-$154.9M-$22B
Revenue excluding grants, % of GDP29.4%18.9%
Grants excluding technical cooperation, BoP$17.1M$318.9M
Personal remittances received$92.5M$35.8B
Industry including construction value added, % of GDP12%30.9%
Agriculture, forestry and fishing value added, % of GDP9.6%3.4%
Charges for the use of intellectual property, payments BoP$7.9M$302M
Charges for the use of intellectual property, receipts BoP$2.5M$7M
Expense, % of GDP27.6%20.4%
Government Expenditure, % of GDP33.5%26.3%

Compare with countries close by GDP per capita

Belize vs

CountryGDP
per capita
Population
Colombia
$6.7k
49.1M
South Africa
$6.4k
57.7M
Ecuador
$6.3k
16.6M
Belarus
$6.3k
9.41M
Fiji
$6.3k
906k
Suriname
$6.2k
563k
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.53M
Iraq
$5.8k
38.3M
Paraguay
$5.8k
6.81M
Iran
$5.6k
80M
Jamaica
$5.4k
2.89M
Albania
$5.3k
3.02M
Guyana
$5k
778k
Azerbaijan
$4.7k
10M
Georgia
$4.7k
3.72M
Guatemala
$4.5k
17.3M
Tonga
$4.4k
108k
Jordan
$4.2k
10.4M
Armenia
$4.2k
2.93M
Samoa
$4.2k
196k
Eswatini
$4.1k
1.37M
Mongolia
$4.1k
3.08M
Algeria
$4.1k
41.3M
Sri Lanka
$4.1k
21.4M
El Salvador
$4.1k
6.42M
Indonesia
$3.9k
264M
Marshall Islands
$3.8k
53.1k
Tuvalu
$3.7k
11.2k

Mexico vs

CountryGDP
per capita
Population
Poland
$15k
38.4M
Croatia
$15k
4.11M
Romania
$12k
19.6M
Costa Rica
$12k
4.91M
Argentina
$12k
44.9M
Malaysia
$11k
31.6M
Russia
$11k
147M
Mauritius
$11k
1.26M
Grenada
$11k
108k
Saint Lucia
$11k
179k
Maldives
$10k
436k
Equatorial Guinea
$10k
1.27M
Nauru
$9.9k
13.7k
Kazakhstan
$9.8k
18.3M
China
$9.8k
1.41B
Turkey
$9.4k
82M
Bulgaria
$9.3k
7M
Brazil
$8.9k
210M
Montenegro
$8.8k
622k
Cuba
$8.8k
11.5M
Lebanon
$8.3k
6.1M
Botswana
$8.3k
2.29M
Dominican Republic
$8.1k
10.4M
Gabon
$8k
2.03M
Dominica
$7.7k
73.9k
Saint Vincent
$7.4k
110k
Thailand
$7.3k
65.9M
Serbia
$7.2k
7.02M
Libya
$7.2k
6.68M
Turkmenistan
$7k
5.85M