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Guatemala vs Mexico: Economic Indicators Comparison

Mexico with a GDP of $1.2T ranked the 15th largest economy in the world, while Guatemala ranked 70th with $78.5B. By GDP 5-years average growth and GDP per capita, Mexico and Guatemala ranked 109th vs 69th and 77th vs 112nd, respectively.

Gross Domestic Product & Income

StatGuatemalaMexico
GDP$78.5B$1.2T
GDP growth, 1 year3.1%2%
GDP growth, 5-years average3.5%2.6%
Population15.5M130.5M
GDP per capita$4.5k$9.7k
GDP per capita growth1.15%0.99%
Purchasing Power Parity conversion factor4.049.38
Price level ratio of PPP conversion factor GDP to market exchange rate0.540.49
GDP per capita, PPP adjusted$8.4k$21k
GNI, Atlas method$75.9B$1.2T
GNI per capita$4.4k$9.2k
GNI, PPP adjusted$143.4B$2.4T
GNI per capita, PPP adjusted$8.3k$19k

Financial system and Human development

StatGuatemalaMexico
Income Tax Rate31%35%
Corporate Tax Rate31%30%
Inflation, consumer prices3.8%4.9%
Inflation, GDP deflator2.9%5%
Unemployment2.7%3.3%
Economic Freedom Index6466
Personal Freedom Index7.147.23
Human Freedom Index7.216.94
Property Rights Index45.558.3
Judical Effectiveness Index32.234.7
Business Freedom Index62.667
Fiscal Health Index95.787.5
Labor Freedom Index48.458.4
Investment Freedom Index7075
Financial Freedom Index5060
Trade Freedom Index82.287.6
Monetary Freedom Index77.470.9
Government Spending Index95.679.3
Tax Burden Index79.276.1
Government Integrity Index29.636.7
Corruption Perceptions Index2728
Life expectancy at birth, years73.874.9
Suicide mortality rate, per 100,000 people2.75.1
Mortality caused by road traffic injury, per 100,000 people16.613.1
Intentional homicides, per 100,000 people26.124.8
International tourism, number of arrivals1.8M41.3M

Government debt & reserves

StatGuatemalaMexico
Central government debt, % of GDP24.5%53.6%
External debt stocks, % of GNI29%38%
External debt stocks$22.3B$453B
Short-term debt, % of total reserves7.3%34.6%
Total debt service, % of exports and primary income26.7%11.9%
Adjusted net savings including particulate emission damage, % of GNI1.9%7.5%
Gross savings, % of GDP13.4%23.7%
Gross capital formation, % of GDP12.1%22.7%
Total reserves including gold$12.6B$176.4B
Foreign direct investment net inflows$1.1B$37.5B

Exports, imports and economic structure

StatGuatemalaMexico
Exports of goods and services, % of GDP18.1%39.3%
Imports of goods and services, % of GDP27.7%41.2%
Current account balance (balance of payments)$665M-$22B
Revenue excluding grants, % of GDP11%18.9%
Grants excluding technical cooperation, BoP$342.5M$318.9M
Personal remittances received$9.4B$35.8B
Industry including construction value added, % of GDP24.6%30.9%
Agriculture, forestry and fishing value added, % of GDP10%3.4%
Charges for the use of intellectual property, payments BoP$209.8M$302M
Charges for the use of intellectual property, receipts BoP$700k$7M
Expense, % of GDP11.8%20.4%
Government Expenditure, % of GDP12.1%26.3%

Compare with countries close by GDP per capita

Guatemala vs

CountryGDP
per capita
Population
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
Azerbaijan
$4.7k
10M
Georgia
$4.7k
3.72M
Tonga
$4.4k
105k
Jordan
$4.2k
10.4M
Armenia
$4.2k
2.93M
Samoa
$4.2k
190k
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
6.34M
Indonesia
$3.9k
264M
Marshall Islands
$3.8k
52.6k
Tuvalu
$3.7k
9.88k
Cape Verde
$3.6k
546k
Bolivia
$3.5k
11.1M
Tunisia
$3.4k
11.6M

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