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Economy of Mexico vs Saint Vincent compared: GDP & Debt

Updated on by Georank team

Mexico has a GDP of $1.86T compared to $1.16B for Saint Vincent, ranking 13/197 and 186/197 by economy size, respectively.

Mexico has $1.08T in government debt (58.3% of GDP), compared to $1.07B (92.7% of GDP) in Saint Vincent.

Mexico vs Saint Vincent GDP by year

Mexico
Saint Vincent
1x
Year GDP, current $
Mexico Saint Vincent
2024 $1,856,365,616,166 $1,157,207,407
2023 $1,798,317,581,487 $1,072,237,037
2022 $1,466,934,724,293 $989,188,889
2021 $1,316,569,466,686 $888,677,778
2020 $1,121,064,767,308 $864,566,667
2019 $1,304,106,203,902 $910,481,481
2018 $1,256,300,182,880 $884,329,630
2017 $1,190,721,475,906 $844,040,741
2016 $1,112,233,497,453 $814,303,704
2015 $1,213,294,467,717 $786,555,556
2014 $1,364,507,717,614 $770,900,000
2013 $1,327,436,290,283 $764,781,259
2012 $1,255,110,424,818 $730,032,593
2011 $1,229,013,703,417 $713,796,370
2010 $1,105,424,238,731 $720,447,889
2009 $943,437,415,025 $714,300,259
2008 $1,161,553,459,715 $732,663,259
2007 $1,102,355,554,972 $713,596,667
2006 $1,020,265,057,882 $643,501,148
2005 $917,571,853,529 $579,948,926
2004 $819,459,227,375 $549,900,185
2003 $765,549,967,703 $509,090,889
2002 $810,666,116,402 $487,763,852
2001 $796,064,590,549 $462,072,333
2000 $742,061,329,749 $427,946,037
1999 $631,249,359,702 $390,718,519
1998 $557,461,102,631 $373,618,519
1997 $523,449,530,464 $347,770,370
1996 $432,157,945,024 $331,488,889
1995 $380,157,469,867 $316,007,407
1994 $553,618,247,901 $289,437,037
1993 $530,160,763,663 $286,307,407
1992 $363,157,832,924 $277,955,556
1991 $313,139,656,146 $254,829,630
1990 $261,253,675,693 $240,366,667
1989 $221,403,098,267 $214,745,002
1988 $181,611,150,497 $200,726,713
1987 $147,542,558,209 $175,580,647
1986 $134,556,034,673 $160,846,657
1985 $195,241,069,482 $145,641,705
1984 $184,230,754,105 $135,024,988
1983 $156,167,000,433 $122,255,350
1982 $184,602,611,610 $113,759,203
1981 $263,797,827,860 $102,086,539
1980 $205,577,055,466 $82,340,340
1979 $134,531,900,899 $71,096,360
1978 $102,648,570,299 $60,844,771
1977 $81,912,018,784 $49,353,162
1976 $88,875,923,765 $32,792,845
1975 $88,000,000,000 $33,237,226
1974 $72,000,000,000 $32,923,703
1973 $55,280,000,000 $30,165,081
1972 $45,200,000,000 $27,585,805
1971 $39,200,000,000 $20,051,922
1970 $35,520,000,000 $18,450,000
1969 $32,480,000,000 $16,650,000
1968 $29,360,000,000 $15,350,000
1967 $26,560,000,000 $15,835,106
1966 $24,320,000,000 $16,099,960
1965 $21,840,000,000 $15,108,296
1964 $20,080,000,000 $14,758,296
1963 $16,960,000,000 $13,708,299
1962 $15,200,000,000 $14,524,964
1961 $14,160,000,000 $13,999,965
1960 $13,040,000,000 $13,066,634

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

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

GDP per capita in Mexico vs Saint Vincent by year

Mexico
GDP per capita

GDP per capita, PPP
Saint Vincent
GDP per capita

GDP per capita, PPP
1x
Year Current $
Mexico Saint Vincent
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $14,186 $26,185 $11,501 $21,272
2023 $13,861 $25,243 $10,582 $19,820
2022 $11,406 $23,135 $9,694 $18,035
2021 $10,314 $20,783 $8,641 $16,201
2020 $8,841 $19,354 $8,351 $15,337
2019 $10,370 $20,964 $8,741 $15,340
2018 $10,085 $20,921 $8,428 $14,690
2017 $9,649 $20,489 $7,988 $13,575
2016 $9,098 $20,105 $7,657 $13,493
2015 $10,021 $19,071 $7,354 $12,379
2014 $11,391 $18,821 $7,169 $12,136
2013 $11,217 $18,170 $7,072 $11,625
2012 $10,744 $18,005 $6,714 $10,989
2011 $10,664 $17,267 $6,528 $10,774
2010 $9,729 $15,909 $6,552 $10,561
2009 $8,424 $15,191 $6,464 $10,869
2008 $10,524 $15,681 $6,599 $10,902
2007 $10,134 $15,032 $6,398 $10,604
2006 $9,513 $14,540 $5,745 $9,949
2005 $8,672 $13,260 $5,157 $8,986
2004 $7,850 $12,658 $4,873 $8,472
2003 $7,434 $12,066 $4,500 $7,903
2002 $7,983 $11,762 $4,303 $7,250
2001 $7,953 $11,739 $4,071 $6,768
2000 $7,524 $11,705 $3,769 $6,503
1999 $6,500 $11,031 $3,447 $6,266
1998 $5,833 $10,756 $3,301 $6,026
1997 $5,567 $10,182 $3,074 $5,726
1996 $4,674 $9,496 $2,930 $5,440
1995 $4,184 $8,933 $2,795 $5,277
1994 $6,202 $9,466 $2,563 $4,802
1993 $6,048 $9,041 $2,540 $4,769
1992 $4,221 $9,470 $2,471 $4,477
1991 $3,709 $9,079 $2,271 $4,126
1990 $3,154 $8,578 $2,150 $3,960
1989 $2,725 - $1,930 -
1988 $2,279 - $1,814 -
1987 $1,888 - $1,596 -
1986 $1,757 - $1,472 -
1985 $2,602 - $1,342 -
1984 $2,506 - $1,254 -
1983 $2,170 - $1,144 -
1982 $2,621 - $1,074 -
1981 $3,829 - $972 -
1980 $3,055 - $790 -
1979 $2,049 - $687 -
1978 $1,604 - $592 -
1977 $1,315 - $484 -
1976 $1,465 - $324 -
1975 $1,492 - $331 -
1974 $1,256 - $331 -
1973 $993 - $306 -
1972 $837 - $282.1 -
1971 $748 - $207 -
1970 $699 - $192.3 -
1969 $660 - $175.2 -
1968 $616 - $163.1 -
1967 $576 - $170 -
1966 $545 - $174.9 -
1965 $506 - $166.2 -
1964 $481 - $164.4 -
1963 $420 - $154.9 -
1962 $388 - $166.5 -
1961 $374 - $163 -
1960 $355 - $154.8 -

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

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

Mexico's GDP per capita is $14,186, ranking 69/197, compared to $11,501 in Saint Vincent, ranking 81/197. Adjusted for purchasing power (GDP per capita PPP), Mexico ranks 80th at $26,185, while Saint Vincent ranks 92nd at $21,272.

Economic indicators

Mexico Saint Vincent
Gross domestic product
$1.86T
2024
$1.16B
2024
GDP rank
13/197
2024
186/197
2024
GDP growth
1.43%
2023-2024
4.06%
2023-2024
GDP per capita
$14,186
2024
$11,501
2024
GDP per capita rank
69/197
2024
81/197
2024
GDP per capita, PPP
$26,185
2024
$21,272
2024
GDP per capita PPP rank
80/197
2024
92/197
2024
Government debt
$1.08T
2024
$1.07B
2024
Debt-to-GDP ratio
58.3%
2024
92.7%
2024
Government debt per person
$8,272
2024
$10,659
2024
Government debt per person rank
63/185
2024
56/185
2024
Average annual personal income after taxes
$10,231
2026
$12,573
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
n/a
Income share by poorest 10%
2.1%
2022
n/a
Government expenditure, % of GDP
30.3%
2024
39.1%
2024
Consumer prices inflation
4.72%
2023-2024
3.63%
2023-2024
Central bank interest rate
7%
2025
n/a
Unemployment rate
2.62%
2024
18.8%
2008
Population
133323134
99237

Spending and national debt comparison by year

Mexico
Spending

Debt
Saint Vincent
Spending

Debt
1x
Year % of GDP
Mexico Saint Vincent
Government spending Government debt Government spending Government debt
2024 30.3% 58.3% 39.1% 92.7%
2023 28.5% 52.6% 38.9% 89.4%
2022 28.5% 53.8% 36.6% 86.3%
2021 26.7% 56.7% 37.2% 88.4%
2020 27.8% 58.5% 32.9% 80.2%
2019 25.3% 51.9% 29.2% 68.2%
2018 25% 52.2% 26.3% 69.4%
2017 25% 52.5% 26.6% 69%
2016 26.5% 55% 27.1% 79.4%
2015 26.6% 51% 27.6% 75.1%
2014 26.9% 47.1% 30.4% 75%
2013 26.7% 44.1% 29.4% 69.9%
2012 27% 40.8% 26.5% 68.1%
2011 26.6% 41.2% 29.4% 64%
2010 26.5% 40.2% 31.1% 61.1%
2009 26.5% 41.7% 31% 57.2%
2008 26.5% 40.6% 28.4% 50.3%
2007 22.5% 35.5% 27.1% 48.5%
2006 21.6% 35.8% 26.1% 44.7%
2005 21.2% 36.8% 26.7% 50.5%
2004 20.5% 38.9% 24.9% 58.6%
2003 21.5% 42.1% 26% 55.3%
2002 19.8% 39.9% 25.7% 53.2%
2001 19.5% 37.3% 24.4% 52%
2000 19.4% 38.5% 23.8% 54.3%
1999 20.1% 41.7% 25.2% 52.9%
1998 19.5% 39.7% 25.2% 39.5%
1997 20.7% 39.1% 26% 38.8%
1996 20.8% 42.5% 20.9% 40.7%
1995 18.9% 30.7% 19.9% 46.8%
1994 18.9% 26.8% 22.4% 52.8%
1993 18.2% 19.2% 22.3% 48.1%
1992 19% 21.5% 25.4% 49.6%
1991 20.1% 29.2% 25.5% 52.1%
1990 22.9% 35.7% 23.1% 53.9%
1989 19.2% 36% 27.6% -
1988 23.6% 36.5% 24.8% -
1987 26.7% 52.7% 23.7% -
1986 25.1% 47.8% 22.3% -
1985 21.4% 30.4% 21.4% -
1984 19.8% 25.2% 23.1% -
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-vincent | CC BY

In 2024, Mexico's government spending was $563B, accounting for 30.3% of its GDP, while Saint Vincent spent $453M, or 39.1% of GDP.

Debt-to-GDP ratio is 58.3% in Mexico and 92.7% in Saint Vincent, ranking 84/185 and 29/185, respectively.

Government deficit by year

Deficit/surplus
Mexico

Saint Vincent
1x
Year Deficit/surplus, % of GDP
Mexico Saint Vincent
2024 -5.73% -12.9%
2023 -4.29% -12%
2022 -4.32% -9.35%
2021 -3.75% -7.19%
2020 -4.29% -5.92%
2019 -2.27% -3.45%
2018 -2.14% -1.65%
2017 -1.03% -1.56%
2016 -2.68% 0.04%
2015 -3.86% -2.01%
2014 -4.37% -2.82%
2013 -3.56% -5.81%
2012 -3.57% -1.81%
2011 -3.2% -3.5%
2010 -3.8% -3.7%
2009 -3.94% -2.85%
2008 -0.68% -1.3%
2007 -1.46% -3.07%
2006 -1.23% -3.13%
2005 -1.43% -4.3%
2004 -1.35% -2.71%
2003 -2.24% -2.51%
2002 -2.18% -2%
2001 -2.57% -1.6%
2000 -2.69% -0.82%
1999 -4.49% -1.93%
1998 -4.49% -1.81%
1997 -3.48% -2.77%
1996 -3.66% 1.57%
1995 -2.28% 1.08%
1994 -2.25% 0.12%
1993 -1.51% -1.46%
1992 2.26% -3.25%
1991 1.49% -0.47%
1990 -3.11% 1.69%
1989 -4.75% -1.92%
1988 -8.76% 0.59%
1987 -11.6% 1.1%
1986 -11.2% 2.32%
1985 -7.2% 4.23%
1984 -5.79% 2.5%
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-vincent | 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 Vincent's deficit of $149M, or 12.9% of GDP.

Over the past 41 years, Mexico recorded a fiscal deficit in 39 of those years, while Saint Vincent ran a deficit in 31 years. On average, Mexico posted an annual deficit equal to 3.5% of GDP, compared to deficit of 2.35% of GDP for Saint Vincent.

Inflation comparison by year

Inflation
Mexico

Saint Vincent
1x
Year Consumer prices inflation
Mexico Saint Vincent
2024 4.72% 3.63%
2023 5.53% 4.56%
2022 7.9% 5.66%
2021 5.69% 1.57%
2020 3.4% -0.63%
2019 3.64% 0.91%
2018 4.9% 2.32%
2017 6.04% 2.15%
2016 2.82% -0.15%
2015 2.72% -1.73%
2014 4.02% 0.19%
2013 3.81% 0.81%
2012 4.11% 2.6%
2011 3.41% 3.19%
2010 4.16% 0.75%
2009 5.3% 0.42%
2008 5.12% 10.1%
2007 3.97% 7.24%
2006 3.63% 2.74%
2005 3.99% 3.73%
2004 4.69% 2.96%
2003 4.55% 0.21%
2002 5.03% 1.86%
2001 6.37% 0.9%
2000 9.49% 0.17%
1999 16.6% 1.01%
1998 15.9% 2.14%
1997 20.6% 0.44%

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

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

Over the past 28 years, Mexico has recorded an average annual inflation rate of 6.15%, compared with 2.13% in Saint Vincent. In 2024, inflation was 4.72% in Mexico and 3.63% in Saint Vincent.

Top exports between countries

Mexico
Export category Export value
Chemicals & pharma $257K
Machinery & equipment $198K
Processed food, beverages & tobacco $183K
Metals $118K
Miscellaneous $1K
Saint Vincent
Export category Export value

Balance of trade

Mexico Saint Vincent
Current account balance
-$16.7B
2024
-$157M
2024
Current account balance ranking
181/190
2024
93/190
2024
Current account balance, % of GDP
-0.9%
2024
-13.5%
2024
Goods imports
$637B
2024
$445M
2024
Goods exports
$618B
2024
$59.2M
2024
Service imports
$72B
2024
$196M
2024
Service exports
$63B
2024
$366M
2024
Imports of goods and services, % of GDP
37.9%
2024
n/a
Exports of goods and services, % of GDP
36.7%
2024
15.3%
2025

Economic freedom indices

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

Mexico Saint Vincent
Economic freedom 59.8 60
Economic freedom ranking 102/197 98/197
Property rights 37.6 65.2
Government integrity 28.8 63.3
Judicial effectiveness 40.4 76.9
Tax burden 75.4 82
Government spending 74.6 56.2
Fiscal health 56.7 2.8
Business freedom 67 67.3
Labor freedom 57.3 60.1
Monetary freedom 70.6 77.3
Trade freedom 74.2 58.8
Investment freedom 75 70
Financial freedom 60 40

Economic freedom comparison by year

Mexico
Saint Vincent
1x
Year Economic freedom index
Mexico Saint Vincent
2026 59.8 60
2025 61.3 60.1
2024 62 59.8
2023 63.2 63.5
2022 63.7 65.7
2021 65.5 66.3
2020 66 66.8
2019 64.7 65.8
2018 64.8 67.7
2017 63.6 65.2
2016 65.2 68.8
2015 66.4 68
2014 66.8 67
2013 67 66.7
2012 65.3 66.5
2011 67.8 66.9
2010 68.3 66.9
2009 65.8 64.3
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-vincent | CC BY

The Economic Freedom Index for Mexico is 59.8, ranking 102/197, compared to 60 for Saint Vincent, ranking 98/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Mexico Saint Vincent
Services, % of GDP
58.1%
2024
66.4%
2024
Industry, % of GDP
31.8%
2024
15.4%
2024
Agriculture, forestry, and fishing, % of GDP
3.72%
2024
3.55%
2024
GNI, Atlas method
$1.68T
2024
$1.11B
2024
GNI per capita, PPP
$25,460
2024
$21,150
2024
Total reserves including gold
$232B
2024
$317M
2024
Total reserves ranking
16/177
2024
167/177
2024
Net foreign direct investment
-$32.3B
2024
-$74M
2024
Net inflows of foreign direct investment
$45.5B
2024
$139M
2024
Net outflows of foreign direct investment
$13B
2024
-$1.92M
2024
Servicing debt to the IMF, % of GNI
3.71%
2024
3.84%
2024
Poverty at national poverty lines
29.6%
2024
n/a
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-vincent | 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.