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Economy of Mexico vs Myanmar compared: GDP & Debt

Updated on by Georank team

Mexico has a GDP of $1.86T compared to $74.1B for Myanmar, ranking 13/197 and 85/197 by economy size, respectively.

Mexico has $1.08T in government debt (58.3% of GDP), compared to $44B (59.3% of GDP) in Myanmar.

Mexico vs Myanmar GDP by year

Mexico
Myanmar
1x
Year GDP, current $
Mexico Myanmar
2024 $1,856,365,616,166 $74,068,349,524
2023 $1,798,317,581,487 $66,757,619,000
2022 $1,466,934,724,293 $62,253,049,903
2021 $1,316,569,466,686 $66,345,291,149
2020 $1,121,064,767,308 $79,006,113,670
2019 $1,304,106,203,902 $75,065,106,243
2018 $1,256,300,182,880 $67,860,515,993
2017 $1,190,721,475,906 $66,053,040,475
2016 $1,112,233,497,453 $63,298,361,984
2015 $1,213,294,467,717 $59,607,290,408
2014 $1,364,507,717,614 $65,531,374,210
2013 $1,327,436,290,283 $60,269,732,855
2012 $1,255,110,424,818 $59,937,796,648
2011 $1,229,013,703,417 $59,977,326,086
2010 $1,105,424,238,731 $49,540,813,342
2009 $943,437,415,025 $36,906,181,381
2008 $1,161,553,459,715 $31,862,554,102
2007 $1,102,355,554,972 $20,182,477,481
2006 $1,020,265,057,882 $14,502,553,710
2005 $917,571,853,529 $11,986,972,419
2004 $819,459,227,375 $10,567,354,056
2003 $765,549,967,703 $10,467,109,978
2002 $810,666,116,402 $6,777,632,512
2001 $796,064,590,549 $6,477,790,688
2000 $742,061,329,749 $8,905,066,164
1999 $631,249,359,702 $8,486,832,801
1998 $557,461,102,631 $6,459,461,639
1997 $523,449,530,464 $4,722,288,496
1996 $432,157,945,024 $6,123,556,717
1995 $380,157,469,867 $5,289,174,943
1994 $553,618,247,901 $4,432,257,174
1993 $530,160,763,663 $3,163,020,035
1992 $363,157,832,924 $2,411,552,289
1991 $313,139,656,146 $2,069,832,687
1990 $261,253,675,693 $2,115,193,513
1989 $221,403,098,267 $2,013,448,229
1988 $181,611,150,497 $1,541,088,312
1987 $147,542,558,209 $1,562,448,077
1986 $134,556,034,673 $1,582,873,750
1985 $195,241,069,482 $1,478,908,173
1984 $184,230,754,105 $1,304,063,253
1983 $156,167,000,433 $1,381,573,615
1982 $184,602,611,610 $1,481,165,468
1981 $263,797,827,860 $1,111,000,765
1980 $205,577,055,466 $1,038,225,167
1979 $134,531,900,899 $952,265,043
1978 $102,648,570,299 $935,408,775
1977 $81,912,018,784 $873,579,932
1976 $88,875,923,765 $1,204,699,849
1975 $88,000,000,000 $1,061,107,354
1974 $72,000,000,000 $1,225,589,878
1973 $55,280,000,000 $719,754,655
1972 $45,200,000,000 $662,213,083
1971 $39,200,000,000 $587,448,405
1970 $35,520,000,000 $563,555,631
1969 $32,480,000,000 $571,854,215
1968 $29,360,000,000 $559,956,130
1967 $26,560,000,000 $420,359,036
1966 $24,320,000,000 $293,103,479
1965 $21,840,000,000 $367,053,117
1964 $20,080,000,000 $411,419,906
1963 $16,960,000,000 $598,998,419
1962 $15,200,000,000 $634,528,872
1961 $14,160,000,000 $605,581,577
1960 $13,040,000,000 $545,098,448

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/mexico/myanmar | CC BY

GDP per capita in Mexico vs Myanmar by year

Mexico
GDP per capita

GDP per capita, PPP
Myanmar
GDP per capita

GDP per capita, PPP
1x
Year Current $
Mexico Myanmar
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $14,186 $26,185 $1,359 $5,997
2023 $13,861 $25,243 $1,233 $5,953
2022 $11,406 $23,135 $1,158 $5,732
2021 $10,314 $20,783 $1,243 $5,178
2020 $8,841 $19,354 $1,490 $5,741
2019 $10,370 $20,964 $1,426 $6,101
2018 $10,085 $20,921 $1,298 $5,581
2017 $9,649 $20,489 $1,273 $4,706
2016 $9,098 $20,105 $1,229 $4,460
2015 $10,021 $19,071 $1,167 $4,459
2014 $11,391 $18,821 $1,293 $4,376
2013 $11,217 $18,170 $1,199 $4,144
2012 $10,744 $18,005 $1,203 $3,845
2011 $10,664 $17,267 $1,214 $3,579
2010 $9,729 $15,909 $1,011 $3,348
2009 $8,424 $15,191 $758 $3,040
2008 $10,524 $15,681 $658 $2,748
2007 $10,134 $15,032 $419 $2,459
2006 $9,513 $14,540 $303 $2,153
2005 $8,672 $13,260 $252.7 $1,860
2004 $7,850 $12,658 $224.5 $1,601
2003 $7,434 $12,066 $224.3 $1,385
2002 $7,983 $11,762 $146.6 $1,204
2001 $7,953 $11,739 $141.5 $1,069
2000 $7,524 $11,705 $196.6 $949
1999 $6,500 $11,031 $189.5 $825
1998 $5,833 $10,756 $146 $742
1997 $5,567 $10,182 $108 $702
1996 $4,674 $9,496 $141.9 $661
1995 $4,184 $8,933 $124.1 $618
1994 $6,202 $9,466 $105.4 $573
1993 $6,048 $9,041 $76.2 $529
1992 $4,221 $9,470 $58.9 $494
1991 $3,709 $9,079 $51.2 $447
1990 $3,154 $8,578 $53.1 $441
1989 $2,725 - $51.3 -
1988 $2,279 - $39.9 -
1987 $1,888 - $41.1 -
1986 $1,757 - $42.4 -
1985 $2,602 - $40.4 -
1984 $2,506 - $36.3 -
1983 $2,170 - $39.3 -
1982 $2,621 - $43 -
1981 $3,829 - $32.8 -
1980 $3,055 - $31.2 -
1979 $2,049 - $29.2 -
1978 $1,604 - $29.3 -
1977 $1,315 - $27.9 -
1976 $1,465 - $39.2 -
1975 $1,492 - $35.2 -
1974 $1,256 - $41.4 -
1973 $993 - $24.8 -
1972 $837 - $23.3 -
1971 $748 - $21.1 -
1970 $699 - $20.7 -
1969 $660 - $21.5 -
1968 $616 - $21.5 -
1967 $576 - $16.5 -
1966 $545 - $11.8 -
1965 $506 - $15.1 -
1964 $481 - $17.3 -
1963 $420 - $25.8 -
1962 $388 - $27.9 -
1961 $374 - $27.3 -
1960 $355 - $25.1 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/mexico/myanmar | CC BY

Mexico's GDP per capita is $14,186, ranking 69/197, compared to $1,359 in Myanmar, ranking 165/197. Adjusted for purchasing power (GDP per capita PPP), Mexico ranks 80th at $26,185, while Myanmar ranks 153rd at $5,997.

Economic indicators

Mexico Myanmar
Gross domestic product
$1.86T
2024
$74.1B
2024
GDP rank
13/197
2024
85/197
2024
GDP growth
1.43%
2023-2024
-0.97%
2023-2024
GDP per capita
$14,186
2024
$1,359
2024
GDP per capita rank
69/197
2024
165/197
2024
GDP per capita, PPP
$26,185
2024
$5,997
2024
GDP per capita PPP rank
80/197
2024
153/197
2024
Government debt
$1.08T
2024
$44B
2024
Debt-to-GDP ratio
58.3%
2024
59.3%
2024
Government debt per person
$8,272
2024
$806
2024
Government debt per person rank
63/185
2024
150/185
2024
Average annual personal income after taxes
$10,231
2026
$1,646
2026
Market capitalization of domestic companies
$418B
2024
n/a
Number of millionaires
399,000
2025
n/a
Number of billionaires
22
2025
n/a
Income share by richest 10%
34.4%
2022
25.5%
2017
Income share by poorest 10%
2.1%
2022
3.8%
2017
Government expenditure, % of GDP
30.3%
2024
20.7%
2024
Consumer prices inflation
4.72%
2023-2024
8.83%
2018-2019
Central bank interest rate
7%
2025
n/a
Unemployment rate
2.62%
2024
1.48%
2020
Population
133323134
55292116

Spending and national debt comparison by year

Mexico
Spending

Debt
Myanmar
Spending

Debt
1x
Year % of GDP
Mexico Myanmar
Government spending Government debt Government spending Government debt
2024 30.3% 58.3% 20.7% 59.3%
2023 28.5% 52.6% 21.4% 59.1%
2022 28.5% 53.8% 21.3% 56.1%
2021 26.7% 56.7% 20.9% 63.4%
2020 27.8% 58.5% 21.3% 49.1%
2019 25.3% 51.9% 20.5% 37.6%
2018 25% 52.2% 18.7% 39.9%
2017 25% 52.5% 19.7% 41.9%
2016 26.5% 55% 21.3% 35.7%
2015 26.6% 51% 23.7% 36.6%
2014 26.9% 47.1% 24.7% 34.5%
2013 26.7% 44.1% 23.9% 44.8%
2012 27% 40.8% 20% 48%
2011 26.6% 41.2% 15.6% 49.9%
2010 26.5% 40.2% 15.8% 54.4%
2009 26.5% 41.7% 14.4% 56.4%
2008 26.5% 40.6% 14.4% 59.8%
2007 22.5% 35.5% 15.7% 77.4%
2006 21.6% 35.8% 15.6% 103.1%
2005 21.2% 36.8% 14.6% 119%
2004 20.5% 38.9% 14.6% 126.6%
2003 21.5% 42.1% 14.3% 146%
2002 19.8% 39.9% 15.3% 190.6%
2001 19.5% 37.3% 19.1% 262%
2000 19.4% 38.5% 21.4% 164.5%
1999 20.1% 41.7% 22.8% 150.7%
1998 19.5% 39.7% 25.2% 208.6%
1997 20.7% 39.1% - -
1996 20.8% 42.5% - -
1995 18.9% 30.7% - -
1994 18.9% 26.8% - -
1993 18.2% 19.2% - -
1992 19% 21.5% - -
1991 20.1% 29.2% - -
1990 22.9% 35.7% - -
1989 19.2% 36% - -
1988 23.6% 36.5% - -
1987 26.7% 52.7% - -
1986 25.1% 47.8% - -
1985 21.4% 30.4% - -
1984 19.8% 25.2% - -
1983 21.6% 25.3% - -
1982 24.7% 29.8% - -
1981 20.1% 41.7% - -
1980 17.5% 31.4% - -
1979 16.5% 35.8% - -
1978 15.7% 39% - -
1977 15.5% 41.5% - -
1976 15.5% 31.3% - -
1975 14.7% 24.4% - -
1974 13.8% 21.7% - -
1973 12.7% 20% - -
1972 11.9% 17.9% - -
1971 10.6% 17% - -
1970 10.9% 17.1% - -
1969 11.8% 10.7% - -
1968 10.9% 7.85% - -
1967 10.4% 8.22% - -
1966 11.6% 5.14% - -
1965 10.7% 9.99% - -
1964 9.21% 6.22% - -
1963 8.51% 4.13% - -
1962 8.26% 4.2% - -
1961 8.01% 4.38% - -
1960 9.5% 4.58% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1995, retrieved 2026-02-20).

GeoRank.org/economy/mexico/myanmar | CC BY

In 2024, Mexico's government spending was $563B, accounting for 30.3% of its GDP, while Myanmar spent $15.3B, or 20.7% of GDP.

Debt-to-GDP ratio is 58.3% in Mexico and 59.3% in Myanmar, ranking 84/185 and 81/185, respectively.

Government deficit by year

Deficit/surplus
Mexico

Myanmar
1x
Year Deficit/surplus, % of GDP
Mexico Myanmar
2024 -5.73% -5.06%
2023 -4.29% -5.18%
2022 -4.32% -2.82%
2021 -3.75% -2.47%
2020 -4.29% -6.5%
2019 -2.27% -4.7%
2018 -2.14% -2.77%
2017 -1.03% -3.42%
2016 -2.68% -2.53%
2015 -3.86% -4.33%
2014 -4.37% -1.06%
2013 -3.56% -1.53%
2012 -3.57% -2.7%
2011 -3.2% -4.82%
2010 -3.8% -5.4%
2009 -3.94% -3.55%
2008 -0.68% -2.73%
2007 -1.46% -3.52%
2006 -1.23% -3.42%
2005 -1.43% -3.49%
2004 -1.35% -4.62%
2003 -2.24% -4.24%
2002 -2.18% -4.01%
2001 -2.57% -6.34%
2000 -2.69% -6.03%
1999 -4.49% -4.46%
1998 -4.49% -4.89%
1997 -3.48% -
1996 -3.66% -
1995 -2.28% -
1994 -2.25% -
1993 -1.51% -
1992 2.26% -
1991 1.49% -
1990 -3.11% -
1989 -4.75% -
1988 -8.76% -
1987 -11.6% -
1986 -11.2% -
1985 -7.2% -
1984 -5.79% -
1983 -6.03% -
1982 -11.4% -
1981 -4.9% -
1980 -1.75% -
1979 -2.15% -
1978 -1.88% -
1977 -2.43% -
1976 -3.14% -
1975 -2.64% -
1974 -3.33% -
1973 -2.75% -
1972 -2.3% -
1971 -1.43% -
1970 -1.71% -
1969 -2.74% -
1968 -2.06% -
1967 -2.12% -
1966 -3.2% -
1965 -2.51% -
1964 -1.44% -
1963 -0.92% -
1962 -0.79% -
1961 -0.88% -
1960 -1.36% -
1959 -0.73% -
1958 0.24% -
1957 -0.03% -
1956 0.52% -
1955 0.6% -
1954 -0.94% -
1953 -0.58% -
1952 0.42% -
1951 -0.26% -
1950 -0.2% -
1949 0.44% -
1948 -1.55% -
1947 -0.93% -
1946 0.66% -
1945 -1.11% -
1944 -1.12% -
1943 0.05% -
1942 -0.93% -
1941 -0.26% -
1940 -0.4% -
1939 -0.06% -
1938 -0.91% -
1937 -0.41% -
1936 -0.39% -
1935 0.26% -
1934 0.72% -
1933 -0.58% -
1932 0% -
1931 0.71% -
1930 0.21% -
1929 0.95% -
1928 0.24% -
1927 -0.3% -
1926 -0.29% -
1925 0.46% -
1924 1.34% -
1923 1.02% -
1922 1.13% -
1921 0.64% -
1920 0.91% -
1919 0.41% -
1918 -0.19% -
1917 0.63% -
1916 - -
1915 - -
1914 - -
1913 0.28% -
1912 -0.79% -
1911 -0.31% -
1910 0.1% -
1909 0.15% -
1908 -0.08% -
1907 0.43% -
1906 0.72% -
1905 0.35% -
1904 1.09% -
1903 3.82% -
1902 0.42% -
1901 0.62% -
1900 0.76% -

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1900–1989, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/mexico/myanmar | CC BY

In 2024, Mexico's government deficit, the difference between spending and revenue, was $106B, equivalent to 5.73% of GDP. This compares to Myanmar's deficit of $3.75B, or 5.06% of GDP.

Over the past 27 years, Mexico recorded a fiscal deficit in 27 of those years, while Myanmar ran a deficit in 27 years. On average, Mexico posted an annual deficit equal to 3.02% of GDP, compared to deficit of 3.95% of GDP for Myanmar.

Inflation comparison by year

Inflation
Mexico

Myanmar
1x
Year Consumer prices inflation
Mexico Myanmar
2024 4.72% -
2023 5.53% -
2022 7.9% -
2021 5.69% -
2020 3.4% -
2019 3.64% 8.83%
2018 4.9% 6.87%
2017 6.04% 4.57%
2016 2.82% 6.93%
2015 2.72% 9.45%
2014 4.02% 4.95%
2013 3.81% 5.64%
2012 4.11% 1.47%
2011 3.41% 5.02%
2010 4.16% 7.72%
2009 5.3% 1.47%
2008 5.12% 26.8%
2007 3.97% 35%
2006 3.63% 20%
2005 3.99% 9.37%
2004 4.69% 4.53%
2003 4.55% 36.6%
2002 5.03% 57.1%
2001 6.37% 21.1%
2000 9.49% -0.11%
1999 16.6% 18.4%
1998 15.9% 51.5%
1997 20.6% 29.7%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/mexico/myanmar | CC BY

Over the past 23 years, Mexico has recorded an average annual inflation rate of 6.3%, compared with 16.2% in Myanmar. In 2019, inflation was 4.72% in Mexico and 8.83% in Myanmar.

Top exports between countries

Mexico
Export category Export value
Machinery & equipment $3.87M
Chemicals & pharma $98K
Myanmar
Export category Export value
Textiles & consumer goods $32.6M
Miscellaneous $235K
Machinery & equipment $80K
Wood & paper products $36K
Raw agricultural goods $32K
Raw materials & minerals $24K
Processed food, beverages & tobacco $18K
Chemicals & pharma $3K

Balance of trade

Mexico Myanmar
Current account balance
-$16.7B
2024
$67.7M
2019
Current account balance ranking
181/190
2024
71/190
2019
Current account balance, % of GDP
-0.9%
2024
+0.09%
2019
Goods imports
$637B
2024
$13.7B
2019
Goods exports
$618B
2024
$10.8B
2019
Service imports
$72B
2024
$3.66B
2019
Service exports
$63B
2024
$6.68B
2019
Imports of goods and services, % of GDP
37.9%
2024
n/a
Exports of goods and services, % of GDP
36.7%
2024
24.3%
2025

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Mexico Myanmar
Economic freedom 59.8 44.5
Economic freedom ranking 102/197 180/197
Property rights 37.6 5.7
Government integrity 28.8 18.1
Judicial effectiveness 40.4 3.9
Tax burden 75.4 88.6
Government spending 74.6 86.6
Fiscal health 56.7 62.7
Business freedom 67 37.9
Labor freedom 57.3 53.2
Monetary freedom 70.6 57.5
Trade freedom 74.2 69.4
Investment freedom 75 30
Financial freedom 60 20

Economic freedom comparison by year

Mexico
Myanmar
1x
Year Economic freedom index
Mexico Myanmar
2026 59.8 44.5
2025 61.3 43.7
2024 62 42.2
2023 63.2 46.5
2022 63.7 49.6
2021 65.5 55.2
2020 66 54
2019 64.7 53.6
2018 64.8 53.9
2017 63.6 52.5
2016 65.2 48.7
2015 66.4 46.9
2014 66.8 46.5
2013 67 39.2
2012 65.3 38.7
2011 67.8 37.8
2010 68.3 36.7
2009 65.8 37.7
2008 66.2 39.5
2007 66 41
2006 64.7 40
2005 65.2 40.5
2004 66 43.6
2003 65.3 44.9
2002 63 45.5
2001 60.6 46.1
2000 59.3 47.9
1999 58.5 46.4
1998 57.9 45.7
1997 57.1 45.4
1996 61.2 45.1
1995 63.1 -

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/mexico/myanmar | CC BY

The Economic Freedom Index for Mexico is 59.8, ranking 102/197, compared to 44.5 for Myanmar, ranking 180/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Mexico Myanmar
Services, % of GDP
58.1%
2024
41.4%
2024
Industry, % of GDP
31.8%
2024
37.8%
2024
Agriculture, forestry, and fishing, % of GDP
3.72%
2024
20.8%
2024
GNI, Atlas method
$1.68T
2024
$65.9B
2024
GNI per capita, PPP
$25,460
2024
$5,890
2024
Total reserves including gold
$232B
2024
$9.34B
2023
Total reserves ranking
16/177
2024
81/177
2023
Net foreign direct investment
-$32.3B
2024
-$1.74B
2019
Net inflows of foreign direct investment
$45.5B
2024
$1.1B
2024
Net outflows of foreign direct investment
$13B
2024
$0
2024
Servicing debt to the IMF, % of GNI
3.71%
2024
1.31%
2024
Poverty at national poverty lines
29.6%
2024
24.8%
2017
Gross capital formation, % of GDP
24.1%
2024
n/a

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/mexico/myanmar | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1900–1995, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2020–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.