Mexico vs Nigeria: Economic Indicators Comparison

Mexico with a GDP of $1.2T ranked the 15th largest economy in the world, while Nigeria ranked 32nd with $397.3B. By GDP 5-years average growth and GDP per capita, Mexico and Nigeria ranked 109th vs 132nd and 77th vs 149th, respectively.

Gross Domestic Product & Income

StatMexicoNigeria
GDP$1.2T$397.3B
GDP growth, 1 year2%1.9%
GDP growth, 5-years average2.6%2%
Population130.5M190.9M
GDP per capita$9.7k$2k
GDP per capita growth0.99%-0.67%
Purchasing Power Parity conversion factor9.38110.03
Price level ratio of PPP conversion factor GDP to market exchange rate0.490.34
GDP per capita, PPP adjusted$21k$6k
GNI, Atlas method$1.2T$384.8B
GNI per capita$9.2k$2k
GNI, PPP adjusted$2.4T$1.1T
GNI per capita, PPP adjusted$19k$5.7k

Financial system and Human development

StatMexicoNigeria
Income Tax Rate35%24%
Corporate Tax Rate30%30%
Inflation, consumer prices4.9%12.1%
Inflation, GDP deflator5%10.2%
Unemployment3.3%6%
Economic Freedom Index6657.2
Personal Freedom Index7.236.01
Human Freedom Index6.946.1
Property Rights Index58.338.1
Judical Effectiveness Index34.732.2
Business Freedom Index6754.7
Fiscal Health Index87.564.1
Labor Freedom Index58.484
Investment Freedom Index7545
Financial Freedom Index6040
Trade Freedom Index87.662.4
Monetary Freedom Index70.961.7
Government Spending Index79.396.2
Tax Burden Index76.185.1
Government Integrity Index36.722.3
Corruption Perceptions Index2827
Life expectancy at birth, years74.954
Suicide mortality rate, per 100,000 people5.19.5
Mortality caused by road traffic injury, per 100,000 people13.121.4
Intentional homicides, per 100,000 people24.89.9
International tourism, number of arrivals41.3M5.3M

Government debt & reserves

StatMexicoNigeria
Central government debt, % of GDP53.6%28.4%
External debt stocks, % of GNI38%12.4%
External debt stocks$453B$47B
Short-term debt, % of total reserves34.6%0%
Total debt service, % of exports and primary income11.9%8.3%
Adjusted net savings including particulate emission damage, % of GNI7.5%1.4%
Gross savings, % of GDP23.7%19.3%
Gross capital formation, % of GDP22.7%19.8%
Total reserves including gold$176.4B$42.8B
Foreign direct investment net inflows$37.5B$2B

Exports, imports and economic structure

StatMexicoNigeria
Exports of goods and services, % of GDP39.3%15.5%
Imports of goods and services, % of GDP41.2%17.5%
Current account balance (balance of payments)-$22B$5.3B
Revenue excluding grants, % of GDP18.9%N/A
Grants excluding technical cooperation, BoP$318.9M$2B
Personal remittances received$35.8B$24.3B
Industry including construction value added, % of GDP30.9%25.7%
Agriculture, forestry and fishing value added, % of GDP3.4%21.2%
Charges for the use of intellectual property, payments BoP$302M$252.8M
Charges for the use of intellectual property, receipts BoP$7M$7.8M
Expense, % of GDP20.4%N/A
Government Expenditure, % of GDP26.3%11.2%

Compare with countries close by GDP per capita

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

Nigeria vs

CountryGDP
per capita
Population
Philippines
$3.1k
105M
Ukraine
$3.1k
42.6M
Djibouti
$3.1k
957k
Papua New Guinea
$2.7k
8.25M
Vietnam
$2.6k
94.7M
Egypt
$2.5k
94.8M
Laos
$2.5k
6.86M
Honduras
$2.5k
9.27M
Ghana
$2.2k
26.9M
Congo
$2.1k
5.26M
Zimbabwe
$2.1k
16.5M
Solomon Islands
$2.1k
611k
East Timor
$2k
1.3M
Syria
$2k
18.3M
Nicaragua
$2k
6.22M
India
$2k
1.33B
Sao Tome and Principe
$2k
204k
Ivory Coast
$1.7k
24.3M
Kenya
$1.7k
48.5M
North Korea
$1.7k
25.5M
Bangladesh
$1.7k
165M
Kiribati
$1.6k
116k
Zambia
$1.5k
17.1M
Cameroon
$1.5k
24.1M
Uzbekistan
$1.5k
32.4M
Senegal
$1.5k
15.9M
Cambodia
$1.5k
16M
Pakistan
$1.5k
197M
Comoros
$1.4k
824k
Myanmar
$1.3k
53.4M