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Colombia vs Mexico: Economic Indicators Comparison

Mexico with a GDP of $1.2T ranked the 15th largest economy in the world, while Colombia ranked 39th with $331B. By GDP 5-years average growth and GDP per capita, Mexico and Colombia ranked 109th vs 101st and 77th vs 94th, respectively.

Gross Domestic Product & Income

StatColombiaMexico
GDP$331B$1.2T
GDP growth, 1 year2.7%2%
GDP growth, 5-years average2.8%2.6%
Population49.1M130.5M
GDP per capita$6.7k$9.7k
GDP per capita growth1.02%0.99%
Purchasing Power Parity conversion factor1312.749.38
Price level ratio of PPP conversion factor GDP to market exchange rate0.440.49
GDP per capita, PPP adjusted$15k$21k
GNI, Atlas method$306.9B$1.2T
GNI per capita$6.2k$9.2k
GNI, PPP adjusted$718.9B$2.4T
GNI per capita, PPP adjusted$14k$19k

Financial system and Human development

StatColombiaMexico
Income Tax Rate39%35%
Corporate Tax Rate33%30%
Inflation, consumer prices3.2%4.9%
Inflation, GDP deflator3.7%5%
Unemployment9.1%3.3%
Economic Freedom Index69.266
Personal Freedom Index6.937.23
Human Freedom Index6.786.94
Property Rights Index61.158.3
Judical Effectiveness Index32.834.7
Business Freedom Index71.367
Fiscal Health Index85.587.5
Labor Freedom Index7858.4
Investment Freedom Index8075
Financial Freedom Index7060
Trade Freedom Index81.287.6
Monetary Freedom Index77.570.9
Government Spending Index7779.3
Tax Burden Index70.476.1
Government Integrity Index46.136.7
Corruption Perceptions Index3628
Life expectancy at birth, years76.974.9
Suicide mortality rate, per 100,000 people7.25.1
Mortality caused by road traffic injury, per 100,000 people18.513.1
Intentional homicides, per 100,000 people24.924.8
International tourism, number of arrivals3.9M41.3M

Government debt & reserves

StatColombiaMexico
Central government debt, % of GDP50.5%53.6%
External debt stocks, % of GNI42.3%38%
External debt stocks$134.9B$453B
Short-term debt, % of total reserves31.5%34.6%
Total debt service, % of exports and primary income40.8%11.9%
Adjusted net savings including particulate emission damage, % of GNI2.8%7.5%
Gross savings, % of GDP15.1%23.7%
Gross capital formation, % of GDP21.2%22.7%
Total reserves including gold$47.9B$176.4B
Foreign direct investment net inflows$11.5B$37.5B

Exports, imports and economic structure

StatColombiaMexico
Exports of goods and services, % of GDP15.9%39.3%
Imports of goods and services, % of GDP20.8%41.2%
Current account balance (balance of payments)-$13B-$22B
Revenue excluding grants, % of GDP22.9%18.9%
Grants excluding technical cooperation, BoP$741.3M$318.9M
Personal remittances received$6.4B$35.8B
Industry including construction value added, % of GDP26.7%30.9%
Agriculture, forestry and fishing value added, % of GDP6.3%3.4%
Charges for the use of intellectual property, payments BoP$471.4M$302M
Charges for the use of intellectual property, receipts BoP$105.6M$7M
Expense, % of GDP25.3%20.4%
Government Expenditure, % of GDP27.7%26.3%

Compare with countries close by GDP per capita

Colombia vs

CountryGDP
per capita
Population
Bulgaria
$9.3k
7.27M
Brazil
$8.9k
208M
Montenegro
$8.8k
622k
Cuba
$8.8k
11.3M
Lebanon
$8.3k
4.47M
Botswana
$8.3k
2.02M
Dominican Republic
$8.1k
10.4M
Gabon
$8k
1.67M
Dominica
$7.7k
72k
Saint Vincent
$7.4k
109k
Thailand
$7.3k
65.9M
Serbia
$7.2k
7.02M
Libya
$7.2k
5.66M
Turkmenistan
$7k
5.13M
Peru
$6.9k
30.4M
South Africa
$6.4k
57.7M
Ecuador
$6.3k
15.7M
Belarus
$6.3k
9.49M
Fiji
$6.3k
881k
Suriname
$6.2k
539k
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.3M
Iraq
$5.8k
33.4M
Paraguay
$5.8k
6.8M
Iran
$5.6k
77.4M
Jamaica
$5.4k
2.89M
Albania
$5.3k
3.02M
Guyana
$5k
800k
Belize
$4.9k
375k

Mexico vs

CountryGDP
per capita
Population
Poland
$15k
38.5M
Croatia
$15k
4.11M
Romania
$12k
19.6M
Costa Rica
$12k
4.87M
Argentina
$12k
44.9M
Malaysia
$11k
31.6M
Russia
$11k
147M
Mauritius
$11k
1.26M
Grenada
$11k
108k
Saint Lucia
$11k
179k
Maldives
$10k
345k
Equatorial Guinea
$10k
1.22M
Nauru
$9.9k
13.7k
Kazakhstan
$9.8k
18M
China
$9.8k
1.41B
Turkey
$9.4k
82M
Bulgaria
$9.3k
7.27M
Brazil
$8.9k
208M
Montenegro
$8.8k
622k
Cuba
$8.8k
11.3M
Lebanon
$8.3k
4.47M
Botswana
$8.3k
2.02M
Dominican Republic
$8.1k
10.4M
Gabon
$8k
1.67M
Dominica
$7.7k
72k
Saint Vincent
$7.4k
109k
Thailand
$7.3k
65.9M
Serbia
$7.2k
7.02M
Libya
$7.2k
5.66M
Turkmenistan
$7k
5.13M