Mexico vs North Macedonia: Economic Indicators Comparison

Mexico with a GDP of $1.2T ranked the 15th largest economy in the world, while North Macedonia ranked 135th with $12.7B. By GDP 5-years average growth and GDP per capita, Mexico and North Macedonia ranked 109th vs 110th and 77th vs 100th, respectively.

Gross Domestic Product & Income

StatMexicoNorth Macedonia
GDP$1.2T$12.7B
GDP growth, 1 year2%2.7%
GDP growth, 5-years average2.6%2.6%
Population130.5M2.1M
GDP per capita$9.7k$6.1k
GDP per capita growth0.99%2.62%
Purchasing Power Parity conversion factor9.3819.38
Price level ratio of PPP conversion factor GDP to market exchange rate0.490.37
GDP per capita, PPP adjusted$21k$16k
GNI, Atlas method$1.2T$11.4B
GNI per capita$9.2k$5.5k
GNI, PPP adjusted$2.4T$32.6B
GNI per capita, PPP adjusted$19k$16k

Financial system and Human development

StatMexicoNorth Macedonia
Income Tax Rate35%10%
Corporate Tax Rate30%10%
Inflation, consumer prices4.9%1.5%
Inflation, GDP deflator5%4.3%
Unemployment3.3%21.6%
Economic Freedom Index6669.5
Personal Freedom Index7.238.17
Human Freedom Index6.947.55
Property Rights Index58.362.5
Judical Effectiveness Index34.742.7
Business Freedom Index6780.6
Fiscal Health Index87.587.7
Labor Freedom Index58.467
Investment Freedom Index7565
Financial Freedom Index6060
Trade Freedom Index87.686.2
Monetary Freedom Index70.977.7
Government Spending Index79.371
Tax Burden Index76.191.5
Government Integrity Index36.742.2
Corruption Perceptions Index2837
Life expectancy at birth, years74.975.6
Suicide mortality rate, per 100,000 people5.17.9
Mortality caused by road traffic injury, per 100,000 people13.16.4
Intentional homicides, per 100,000 people24.81.5
International tourism, number of arrivals41.3M707k

Government debt & reserves

StatMexicoNorth Macedonia
Central government debt, % of GDP53.6%39.5%
External debt stocks, % of GNI38%72%
External debt stocks$453B$8.7B
Short-term debt, % of total reserves34.6%40.9%
Total debt service, % of exports and primary income11.9%16.6%
Adjusted net savings including particulate emission damage, % of GNI7.5%15.4%
Gross savings, % of GDP23.7%33%
Gross capital formation, % of GDP22.7%33%
Total reserves including gold$176.4B$3.3B
Foreign direct investment net inflows$37.5B$648.7M

Exports, imports and economic structure

StatMexicoNorth Macedonia
Exports of goods and services, % of GDP39.3%60.3%
Imports of goods and services, % of GDP41.2%72.9%
Current account balance (balance of payments)-$22B-$25.6M
Revenue excluding grants, % of GDP18.9%26.8%
Grants excluding technical cooperation, BoP$318.9M$133.8M
Personal remittances received$35.8B$344.5M
Industry including construction value added, % of GDP30.9%23.6%
Agriculture, forestry and fishing value added, % of GDP3.4%7.2%
Charges for the use of intellectual property, payments BoP$302M$188.8M
Charges for the use of intellectual property, receipts BoP$7M$11.8M
Expense, % of GDP20.4%27.9%
Government Expenditure, % of GDP26.3%31.1%

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

North Macedonia vs

CountryGDP
per capita
Population
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
Peru
$6.9k
29.4M
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
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
Belize
$4.9k
375k
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