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Economy of Mexico vs Saint Lucia compared: GDP & Debt

Updated on by Georank team

Mexico has a GDP of $1.86T compared to $2.55B for Saint Lucia, ranking 13/197 and 173/197 by economy size, respectively.

Mexico has $1.08T in government debt (58.3% of GDP), compared to $1.97B (77.2% of GDP) in Saint Lucia.

Mexico vs Saint Lucia GDP by year

Mexico
Saint Lucia
1x
Year GDP, current $
Mexico Saint Lucia
2024 $1,856,365,616,166 $2,549,062,963
2023 $1,798,317,581,487 $2,430,166,667
2022 $1,466,934,724,293 $2,342,714,815
2021 $1,316,569,466,686 $1,867,185,185
2020 $1,121,064,767,308 $1,499,274,074
2019 $1,304,106,203,902 $2,095,344,444
2018 $1,256,300,182,880 $2,060,955,556
2017 $1,190,721,475,906 $1,998,503,704
2016 $1,112,233,497,453 $1,868,544,444
2015 $1,213,294,467,717 $1,807,640,741
2014 $1,364,507,717,614 $1,749,185,185
2013 $1,327,436,290,283 $1,660,392,593
2012 $1,255,110,424,818 $1,598,207,407
2011 $1,229,013,703,417 $1,568,370,370
2010 $1,105,424,238,731 $1,482,385,185
2009 $943,437,415,025 $1,401,507,889
2008 $1,161,553,459,715 $1,437,731,111
2007 $1,102,355,554,972 $1,336,088,815
2006 $1,020,265,057,882 $1,268,319,185
2005 $917,571,853,529 $1,135,555,556
2004 $819,459,227,375 $1,066,666,667
2003 $765,549,967,703 $987,407,407
2002 $810,666,116,402 $900,000,000
2001 $796,064,590,549 $892,592,593
2000 $742,061,329,749 $932,592,593
1999 $631,249,359,702 $921,851,852
1998 $557,461,102,631 $877,407,407
1997 $523,449,530,464 $805,925,926
1996 $432,157,945,024 $788,888,889
1995 $380,157,469,867 $762,962,963
1994 $553,618,247,901 $713,703,704
1993 $530,160,763,663 $684,814,815
1992 $363,157,832,924 $674,074,074
1991 $313,139,656,146 $613,703,704
1990 $261,253,675,693 $579,629,630
1989 $221,403,098,267 $486,666,667
1988 $181,611,150,497 $429,629,630
1987 $147,542,558,209 $375,555,556
1986 $134,556,034,673 $340,000,000
1985 $195,241,069,482 $284,444,444
1984 $184,230,754,105 $251,481,481
1983 $156,167,000,433 $197,037,037
1982 $184,602,611,610 $183,333,333
1981 $263,797,827,860 $194,444,444
1980 $205,577,055,466 $170,370,370
1979 $134,531,900,899 -
1978 $102,648,570,299 -
1977 $81,912,018,784 -
1976 $88,875,923,765 -
1975 $88,000,000,000 -
1974 $72,000,000,000 -
1973 $55,280,000,000 -
1972 $45,200,000,000 -
1971 $39,200,000,000 -
1970 $35,520,000,000 -
1969 $32,480,000,000 -
1968 $29,360,000,000 -
1967 $26,560,000,000 -
1966 $24,320,000,000 -
1965 $21,840,000,000 -
1964 $20,080,000,000 -
1963 $16,960,000,000 -
1962 $15,200,000,000 -
1961 $14,160,000,000 -
1960 $13,040,000,000 -

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

GeoRank.org/economy/mexico/saint-lucia | CC BY

GDP per capita in Mexico vs Saint Lucia by year

Mexico
GDP per capita

GDP per capita, PPP
Saint Lucia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Mexico Saint Lucia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $14,186 $26,185 $14,182 $27,567
2023 $13,861 $25,243 $13,555 $25,975
2022 $11,406 $23,135 $13,104 $24,599
2021 $10,314 $20,783 $10,459 $19,101
2020 $8,841 $19,354 $8,411 $14,912
2019 $10,370 $20,964 $11,794 $18,710
2018 $10,085 $20,921 $11,643 $17,433
2017 $9,649 $20,489 $11,333 $16,131
2016 $9,098 $20,105 $10,638 $15,307
2015 $10,021 $19,071 $10,335 $14,353
2014 $11,391 $18,821 $10,045 $14,403
2013 $11,217 $18,170 $9,577 $14,010
2012 $10,744 $18,005 $9,260 $13,443
2011 $10,664 $17,267 $9,129 $13,471
2010 $9,729 $15,909 $8,674 $12,718
2009 $8,424 $15,191 $8,251 $12,600
2008 $10,524 $15,681 $8,517 $12,969
2007 $10,134 $15,032 $7,964 $12,199
2006 $9,513 $14,540 $7,611 $11,758
2005 $8,672 $13,260 $6,863 $10,818
2004 $7,850 $12,658 $6,495 $10,610
2003 $7,434 $12,066 $6,059 $9,707
2002 $7,983 $11,762 $5,568 $9,205
2001 $7,953 $11,739 $5,570 $9,106
2000 $7,524 $11,705 $5,880 $9,314
1999 $6,500 $11,031 $5,883 $9,214
1998 $5,833 $10,756 $5,673 $8,965
1997 $5,567 $10,182 $5,282 $8,456
1996 $4,674 $9,496 $5,244 $8,490
1995 $4,184 $8,933 $5,148 $8,222
1994 $6,202 $9,466 $4,892 $8,041
1993 $6,048 $9,041 $4,765 $7,865
1992 $4,221 $9,470 $4,760 $7,753
1991 $3,709 $9,079 $4,399 $7,127
1990 $3,154 $8,578 $4,205 $6,951
1989 $2,725 - $3,565 -
1988 $2,279 - $3,182 -
1987 $1,888 - $2,819 -
1986 $1,757 - $2,591 -
1985 $2,602 - $2,202 -
1984 $2,506 - $1,979 -
1983 $2,170 - $1,576 -
1982 $2,621 - $1,489 -
1981 $3,829 - $1,605 -
1980 $3,055 - $1,428 -
1979 $2,049 - - -
1978 $1,604 - - -
1977 $1,315 - - -
1976 $1,465 - - -
1975 $1,492 - - -
1974 $1,256 - - -
1973 $993 - - -
1972 $837 - - -
1971 $748 - - -
1970 $699 - - -
1969 $660 - - -
1968 $616 - - -
1967 $576 - - -
1966 $545 - - -
1965 $506 - - -
1964 $481 - - -
1963 $420 - - -
1962 $388 - - -
1961 $374 - - -
1960 $355 - - -

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

GeoRank.org/economy/mexico/saint-lucia | CC BY

Mexico's GDP per capita is $14,186, ranking 69/197, compared to $14,182 in Saint Lucia, ranking 70/197. Adjusted for purchasing power (GDP per capita PPP), Mexico ranks 80th at $26,185, while Saint Lucia ranks 75th at $27,567.

Economic indicators

Mexico Saint Lucia
Gross domestic product
$1.86T
2024
$2.55B
2024
GDP rank
13/197
2024
173/197
2024
GDP growth
1.43%
2023-2024
3.89%
2023-2024
GDP per capita
$14,186
2024
$14,182
2024
GDP per capita rank
69/197
2024
70/197
2024
GDP per capita, PPP
$26,185
2024
$27,567
2024
GDP per capita PPP rank
80/197
2024
75/197
2024
Government debt
$1.08T
2024
$1.97B
2024
Debt-to-GDP ratio
58.3%
2024
77.2%
2024
Government debt per person
$8,272
2024
$10,952
2024
Government debt per person rank
63/185
2024
52/185
2024
Average annual personal income after taxes
$10,231
2026
$10,412
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
34.1%
2015
Income share by poorest 10%
2.1%
2022
2.1%
2015
Government expenditure, % of GDP
30.3%
2024
24.5%
2024
Consumer prices inflation
4.72%
2023-2024
-0.11%
2023-2024
Central bank interest rate
7%
2025
n/a
Unemployment rate
2.62%
2024
10.1%
2024
Population
133323134
180638

Spending and national debt comparison by year

Mexico
Spending

Debt
Saint Lucia
Spending

Debt
1x
Year % of GDP
Mexico Saint Lucia
Government spending Government debt Government spending Government debt
2024 30.3% 58.3% 24.5% 77.2%
2023 28.5% 52.6% 25.6% 76.6%
2022 28.5% 53.8% 23% 74.4%
2021 26.7% 56.7% 27.4% 87%
2020 27.8% 58.5% 34.9% 100%
2019 25.3% 51.9% 25.1% 62.1%
2018 25% 52.2% 23.2% 60.5%
2017 25% 52.5% 23.3% 60.4%
2016 26.5% 55% 23% 61.3%
2015 26.6% 51% 23.7% 61.1%
2014 26.9% 47.1% 23.6% 62.4%
2013 26.7% 44.1% 25.4% 62.1%
2012 27% 40.8% 28% 60.8%
2011 26.6% 41.2% 27% 55.2%
2010 26.5% 40.2% 26% 53%
2009 26.5% 41.7% 24.5% 51%
2008 26.5% 40.6% 22.2% 46.7%
2007 22.5% 35.5% 22.6% 49.1%
2006 21.6% 35.8% 24.7% 48.6%
2005 21.2% 36.8% 26% 51.9%
2004 20.5% 38.9% 22.9% 49.6%
2003 21.5% 42.1% 22.9% 45.6%
2002 19.8% 39.9% 23.6% 48.8%
2001 19.5% 37.3% 22.1% 38.1%
2000 19.4% 38.5% 20.7% 32.5%
1999 20.1% 41.7% 20.9% 28.9%
1998 19.5% 39.7% 18.8% 29.4%
1997 20.7% 39.1% 19.5% 27.2%
1996 20.8% 42.5% 18.9% 24.1%
1995 18.9% 30.7% 19.2% 22.9%
1994 18.9% 26.8% 19.1% 23.8%
1993 18.2% 19.2% 21.8% 22.9%
1992 19% 21.5% 18.4% 22.2%
1991 20.1% 29.2% 18.4% 19.8%
1990 22.9% 35.7% 16.7% 17%
1989 19.2% 36% 19% 18.1%
1988 23.6% 36.5% 18.2% 18.6%
1987 26.7% 52.7% 19.9% 19.6%
1986 25.1% 47.8% 21.1% 17.2%
1985 21.4% 30.4% 20.4% 17.1%
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/saint-lucia | CC BY

In 2024, Mexico's government spending was $563B, accounting for 30.3% of its GDP, while Saint Lucia spent $625M, or 24.5% of GDP.

Debt-to-GDP ratio is 58.3% in Mexico and 77.2% in Saint Lucia, ranking 84/185 and 46/185, respectively.

Government deficit by year

Deficit/surplus
Mexico

Saint Lucia
1x
Year Deficit/surplus, % of GDP
Mexico Saint Lucia
2024 -5.73% -2.13%
2023 -4.29% -3.09%
2022 -4.32% -1.67%
2021 -3.75% -5.1%
2020 -4.29% -12%
2019 -2.27% -3.51%
2018 -2.14% -1.03%
2017 -1.03% -1.14%
2016 -2.68% -0.79%
2015 -3.86% -2.35%
2014 -4.37% -3.08%
2013 -3.56% -4.84%
2012 -3.57% -7.62%
2011 -3.2% -5.38%
2010 -3.8% -4.17%
2009 -3.94% -2.67%
2008 -0.68% -0.72%
2007 -1.46% -1.62%
2006 -1.23% -5.07%
2005 -1.43% -6.18%
2004 -1.35% -2.63%
2003 -2.24% -3.23%
2002 -2.18% -3.1%
2001 -2.57% -3.08%
2000 -2.69% -1.16%
1999 -4.49% 1.62%
1998 -4.49% 2.25%
1997 -3.48% -1.13%
1996 -3.66% -0.58%
1995 -2.28% -0.13%
1994 -2.25% -0.02%
1993 -1.51% -0.26%
1992 2.26% -0.66%
1991 1.49% -0.43%
1990 -3.11% 0.29%
1989 -4.75% 0.89%
1988 -8.76% 2.02%
1987 -11.6% 0.56%
1986 -11.2% -1.61%
1985 -7.2% -1.5%
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/saint-lucia | 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 Saint Lucia's deficit of $54.2M, or 2.13% of GDP.

Over the past 40 years, Mexico recorded a fiscal deficit in 38 of those years, while Saint Lucia ran a deficit in 34 years. On average, Mexico posted an annual deficit equal to 3.44% of GDP, compared to deficit of 2.15% of GDP for Saint Lucia.

Inflation comparison by year

Inflation
Mexico

Saint Lucia
1x
Year Consumer prices inflation
Mexico Saint Lucia
2024 4.72% -0.11%
2023 5.53% 4.07%
2022 7.9% 6.38%
2021 5.69% 2.41%
2020 3.4% -1.76%
2019 3.64% 0.54%
2018 4.9% 1.94%
2017 6.04% 0.1%
2016 2.82% -3.08%
2015 2.72% -0.98%
2014 4.02% 3.52%
2013 3.81% 1.47%
2012 4.11% 4.18%
2011 3.41% 2.77%
2010 4.16% 3.25%
2009 5.3% -0.16%
2008 5.12% 5.55%
2007 3.97% 2.82%
2006 3.63% 2.4%
2005 3.99% 3.9%
2004 4.69% 1.46%
2003 4.55% 1.03%
2002 5.03% -0.26%
2001 6.37% 5.31%
2000 9.49% 3.71%
1999 16.6% 3.5%
1998 15.9% 3.2%
1997 20.6% -0.006%

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

GeoRank.org/economy/mexico/saint-lucia | CC BY

Over the past 28 years, Mexico has recorded an average annual inflation rate of 6.15%, compared with 2.04% in Saint Lucia. In 2024, inflation was 4.72% in Mexico and -0.11% in Saint Lucia.

Top exports between countries

Mexico
Export category Export value
Textiles & consumer goods $3.12M
Machinery & equipment $1.13M
Chemicals & pharma $747K
Metals $165K
Processed food, beverages & tobacco $141K
Miscellaneous $43K
Raw materials & minerals $32K
Wood & paper products $5K
Saint Lucia
Export category Export value

Balance of trade

Mexico Saint Lucia
Current account balance
-$16.7B
2024
-$64.1M
2024
Current account balance ranking
181/190
2024
86/190
2024
Current account balance, % of GDP
-0.9%
2024
-2.52%
2024
Goods imports
$637B
2024
$848M
2024
Goods exports
$618B
2024
$137M
2024
Service imports
$72B
2024
$598M
2024
Service exports
$63B
2024
$1.46B
2024
Imports of goods and services, % of GDP
37.9%
2024
n/a
Exports of goods and services, % of GDP
36.7%
2024
19%
2025

Economic freedom indices

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

Mexico Saint Lucia
Economic freedom 59.8 67.5
Economic freedom ranking 102/197 57/197
Property rights 37.6 64.3
Government integrity 28.8 59.7
Judicial effectiveness 40.4 77.3
Tax burden 75.4 77.7
Government spending 74.6 82.6
Fiscal health 56.7 80
Business freedom 67 71.9
Labor freedom 57.3 65.2
Monetary freedom 70.6 81
Trade freedom 74.2 60
Investment freedom 75 50
Financial freedom 60 40

Economic freedom comparison by year

Mexico
Saint Lucia
1x
Year Economic freedom index
Mexico Saint Lucia
2026 59.8 67.5
2025 61.3 67
2024 62 62.2
2023 63.2 60.7
2022 63.7 64.3
2021 65.5 67.5
2020 66 68.2
2019 64.7 68.7
2018 64.8 67.6
2017 63.6 65
2016 65.2 70
2015 66.4 70.2
2014 66.8 70.7
2013 67 70.4
2012 65.3 71.3
2011 67.8 70.8
2010 68.3 70.5
2009 65.8 68.8
2008 66.2 -
2007 66 -
2006 64.7 -
2005 65.2 -
2004 66 -
2003 65.3 -
2002 63 -
2001 60.6 -
2000 59.3 -
1999 58.5 -
1998 57.9 -
1997 57.1 -
1996 61.2 -
1995 63.1 -

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

GeoRank.org/economy/mexico/saint-lucia | CC BY

The Economic Freedom Index for Mexico is 59.8, ranking 102/197, compared to 67.5 for Saint Lucia, ranking 57/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Mexico Saint Lucia
Services, % of GDP
58.1%
2024
75.9%
2024
Industry, % of GDP
31.8%
2024
9.75%
2024
Agriculture, forestry, and fishing, % of GDP
3.72%
2024
1.13%
2024
GNI, Atlas method
$1.68T
2024
$2.27B
2024
GNI per capita, PPP
$25,460
2024
$24,840
2024
Total reserves including gold
$232B
2024
$406M
2024
Total reserves ranking
16/177
2024
162/177
2024
Net foreign direct investment
-$32.3B
2024
-$187M
2024
Net inflows of foreign direct investment
$45.5B
2024
$187M
2024
Net outflows of foreign direct investment
$13B
2024
-$350K
2024
Servicing debt to the IMF, % of GNI
3.71%
2024
3.42%
2024
Poverty at national poverty lines
29.6%
2024
25%
2016
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/saint-lucia | 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 (2023–2024, 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.