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Economy of Mexico vs Seychelles compared: GDP & Debt

Updated on by Georank

Mexico has a GDP of $1.83T compared to $2.39B for the Seychelles, ranking 14/197 and 177/197 by economy size, respectively.

Mexico has $1.13T in government debt (61.8% of GDP), compared to $1.23B (51.5% of GDP) in the Seychelles.

Mexico vs Seychelles GDP by year

Mexico
Seychelles
1x
Year GDP, current $
Mexico Seychelles
2025 $1,832,641,364,776 $2,387,022,853
2024 $1,830,489,311,089 $2,228,608,684
2023 $1,794,410,347,718 $2,171,547,935
2022 $1,466,934,724,243 $1,999,888,599
2021 $1,316,569,466,834 $1,487,173,795
2020 $1,121,064,767,169 $1,382,551,752
2019 $1,304,106,204,006 $1,868,690,097
2018 $1,256,300,182,984 $1,784,313,927
2017 $1,190,721,475,853 $1,675,370,641
2016 $1,112,233,497,453 $1,568,513,348
2015 $1,213,294,467,654 $1,432,403,352
2014 $1,364,507,717,689 $1,387,577,870
2013 $1,327,436,290,439 $1,333,160,407
2012 $1,255,110,424,742 $1,089,407,839
2011 $1,229,013,703,417 $1,058,918,707
2010 $1,105,424,238,652 $981,616,542
2009 $943,437,414,951 $850,901,620
2008 $1,161,553,459,985 $979,597,394
2007 $1,102,355,554,880 $1,077,308,814
2006 $1,020,265,057,882 $1,081,441,283
2005 $917,571,853,437 $977,899,382
2004 $819,459,227,375 $893,012,218
2003 $765,549,967,889 $750,847,230
2002 $810,666,116,402 $742,134,838
2001 $796,064,590,549 $662,064,156
2000 $742,061,329,749 $654,212,394
1999 $631,249,359,702 $662,838,615
1998 $557,461,102,631 $647,287,376
1997 $523,449,530,464 $598,966,982
1996 $432,157,945,024 $535,250,347
1995 $380,157,469,867 $540,733,048
1994 $553,618,247,901 $517,570,058
1993 $530,160,763,663 $504,230,621
1992 $363,157,832,924 $461,409,399
1991 $313,139,656,146 $398,307,170
1990 $261,253,675,693 $392,163,561
1989 $221,403,098,267 $324,333,367
1988 $181,611,150,497 $301,985,618
1987 $147,542,558,209 $265,212,957
1986 $134,556,034,673 $221,147,061
1985 $195,241,069,482 $179,691,483
1984 $184,230,754,105 $160,992,921
1983 $156,167,000,433 $156,098,237
1982 $184,602,611,610 $157,211,790
1981 $263,797,827,860 $163,750,728
1980 $205,577,055,466 $156,783,830
1979 $134,531,900,899 $127,261,099
1978 $102,648,570,299 $85,552,366
1977 $81,912,018,784 $64,526,401
1976 $88,875,923,765 $49,278,982
1975 $88,000,000,000 $47,803,146
1974 $72,000,000,000 $43,134,496
1973 $55,280,000,000 $36,896,280
1972 $45,200,000,000 $30,645,123
1971 $39,200,000,000 $21,965,951
1970 $35,520,000,000 $18,432,032
1969 $32,480,000,000 $16,452,028
1968 $29,360,000,000 $16,074,028
1967 $26,560,000,000 $16,632,032
1966 $24,320,000,000 $16,443,034
1965 $21,840,000,000 $15,603,032
1964 $20,080,000,000 $15,393,032
1963 $16,960,000,000 $13,923,029
1962 $15,200,000,000 $12,642,026
1961 $14,160,000,000 $11,592,024
1960 $13,040,000,000 $12,012,025

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Mexico vs Seychelles by year

Mexico
GDP per capita

GDP per capita, PPP
Seychelles
GDP per capita

GDP per capita, PPP
1x
Year Current $
Mexico Seychelles
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $13,889 - $19,449 -
2024 $13,988 $26,185 $18,365 $33,239
2023 $13,831 $25,243 $18,131 $31,781
2022 $11,406 $23,135 $16,683 $29,973
2021 $10,314 $20,783 $14,983 $29,980
2020 $8,841 $19,354 $14,041 $31,056
2019 $10,370 $20,964 $19,142 $34,219
2018 $10,085 $20,921 $18,440 $32,091
2017 $9,649 $20,489 $17,480 $30,675
2016 $9,098 $20,105 $16,567 $28,811
2015 $10,021 $19,071 $15,333 $25,435
2014 $11,391 $18,821 $15,188 $24,985
2013 $11,217 $18,170 $14,821 $22,487
2012 $10,744 $18,005 $12,337 $22,264
2011 $10,664 $17,267 $12,110 $21,781
2010 $9,729 $15,909 $10,935 $18,982
2009 $8,424 $15,191 $9,747 $18,453
2008 $10,524 $15,681 $11,265 $18,881
2007 $10,134 $15,032 $12,669 $19,473
2006 $9,513 $14,540 $12,783 $17,503
2005 $8,672 $13,260 $11,802 $15,846
2004 $7,850 $12,658 $10,828 $14,160
2003 $7,434 $12,066 $9,070 $14,142
2002 $7,983 $11,762 $8,864 $14,570
2001 $7,953 $11,739 $8,153 $14,615
2000 $7,524 $11,705 $8,064 $14,638
1999 $6,500 $11,031 $8,243 $13,853
1998 $5,833 $10,756 $8,210 $13,675
1997 $5,567 $10,182 $7,747 $13,458
1996 $4,674 $9,496 $7,004 $11,931
1995 $4,184 $8,933 $7,181 $10,809
1994 $6,202 $9,466 $6,975 $10,692
1993 $6,048 $9,041 $6,979 $11,020
1992 $4,221 $9,470 $6,520 $10,243
1991 $3,709 $9,079 $5,655 $9,387
1990 $3,154 $8,578 $5,642 $8,955
1989 $2,725 - $4,689 -
1988 $2,279 - $4,392 -
1987 $1,888 - $3,872 -
1986 $1,757 - $3,368 -
1985 $2,602 - $2,754 -
1984 $2,506 - $2,488 -
1983 $2,170 - $2,426 -
1982 $2,621 - $2,441 -
1981 $3,829 - $2,557 -
1980 $3,055 - $2,478 -
1979 $2,049 - $2,030 -
1978 $1,604 - $1,377 -
1977 $1,315 - $1,044 -
1976 $1,465 - $814 -
1975 $1,492 - $806 -
1974 $1,256 - $745 -
1973 $993 - $649 -
1972 $837 - $547 -
1971 $748 - $402 -
1970 $699 - $344 -
1969 $660 - $314 -
1968 $616 - $314 -
1967 $576 - $333 -
1966 $545 - $338 -
1965 $506 - $328 -
1964 $481 - $332 -
1963 $420 - $308 -
1962 $388 - $287 -
1961 $374 - $270.3 -
1960 $355 - $288.1 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

Mexico's GDP per capita is $13,889, ranking 76/197, compared to $19,449 in the Seychelles, ranking 64/197. Adjusted for purchasing power (GDP per capita PPP), Mexico ranks 80th at $26,185, while the Seychelles ranks 67th at $33,239.

Economic indicators

Mexico Seychelles
Gross domestic product
$1.83T
2025
$2.39B
2025
GDP rank
14/197
2025
177/197
2025
GDP growth
0.56%
2024-2025
5.8%
2024-2025
GDP per capita
$13,889
2025
$19,449
2025
GDP per capita rank
76/197
2025
64/197
2025
GDP per capita, PPP
$26,185
2024
$33,239
2024
GDP per capita PPP rank
80/197
2024
67/197
2024
Government debt
$1.13T
2025
$1.23B
2025
Debt-to-GDP ratio
61.8%
2025
51.5%
2025
Government debt per person
$8,577
2025
$10,019
2025
Government debt per person rank
66/185
2025
59/185
2025
Average annual personal income after taxes
$10,482
2026
$11,537
2026
Market capitalization of domestic companies
$560B
2025
$646M
2025
Number of millionaires
333,000
2026
n/a
Number of billionaires
22
2026
n/a
Income share by richest 10%
33.4%
2024
23.9%
2018
Income share by poorest 10%
2.1%
2024
2.6%
2018
Government expenditure, % of GDP
29.8%
2025
32.7%
2025
Consumer prices inflation
3.81%
2024-2025
0.3%
2024-2025
Central bank interest rate
6.5%
2026
1.75%
2024
Unemployment rate
2.54%
2025
2.59%
2024
Population
133551566
125859

Spending and national debt comparison by year

Mexico
Spending

Debt
Seychelles
Spending

Debt
1x
Year % of GDP
Mexico Seychelles
Government spending Government debt Government spending Government debt
2025 29.8% 61.8% 32.7% 51.5%
2024 30.8% 59.1% 33% 56.1%
2023 28.6% 52.8% 33.1% 55.1%
2022 28.5% 53.8% 31.6% 60.6%
2021 26.7% 56.7% 38.8% 71%
2020 27.8% 58.5% 46.7% 77.4%
2019 25.3% 51.9% 31.7% 48.9%
2018 25% 52.2% 33% 51.3%
2017 25% 52.5% 34.3% 56.7%
2016 26.5% 55% 34.5% 64.3%
2015 26.6% 51% 31.5% 75.4%
2014 26.9% 47.1% 33.4% 70.4%
2013 26.7% 44.1% 37.8% 68.2%
2012 27% 40.8% 38.6% 80.1%
2011 26.6% 41.2% 36.4% 82.5%
2010 26.5% 40.2% 34.6% 82.2%
2009 26.5% 41.7% 32.1% 106.1%
2008 26.5% 40.6% 27% 192.1%
2007 22.5% 35.5% 41.9% 144%
2006 21.6% 35.8% 43.6% 135.1%
2005 21.2% 36.8% 39% 144.1%
2004 20.5% 38.9% 39.9% 163.2%
2003 21.5% 42.1% 44.6% 177%
2002 19.8% 39.9% 56.3% 195.9%
2001 19.5% 37.3% 46.8% 199.8%
2000 19.4% 38.5% 55.4% 177.8%
1999 20.1% 41.7% 56.1% 159.8%
1998 19.5% 39.7% 60.7% 161.2%
1997 20.7% 39.1% 54.7% 143%
1996 20.8% 42.5% 59.1% 146.7%
1995 18.9% 30.7% 53.1% 133.5%
1994 18.9% 26.8% 63.6% 123.5%
1993 18.2% 19.2% 60.4% 82.2%
1992 19% 21.5% 50.7% 79.9%
1991 20.1% 29.2% 52.1% 89.2%
1990 22.9% 35.7% 46.1% 80.4%
1989 19.2% 36% 51.7% 39.9%
1988 23.6% 36.5% 46.7% 41.3%
1987 26.7% 52.7% 49.7% 37%
1986 25.1% 47.8% 58% 31.5%
1985 21.4% 30.4% 53% 26.5%
1984 19.8% 25.2% 50.5% 15.3%
1983 21.6% 25.3% 47.9% 12.4%
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 (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1995, retrieved 2026-07-08).

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

In 2025, Mexico's government spending was $547B, accounting for 29.8% of its GDP, while the Seychelles spent $781M, or 32.7% of GDP.

Debt-to-GDP ratio is 61.8% in Mexico and 51.5% in the Seychelles, ranking 73/185 and 102/185, respectively.

Government deficit by year

Deficit/surplus
Mexico

Seychelles
1x
Year Deficit/surplus, % of GDP
Mexico Seychelles
2025 -4.86% -0.99%
2024 -5.78% -0.68%
2023 -4.3% -1.15%
2022 -4.32% -0.77%
2021 -3.75% -5.76%
2020 -4.29% -15.7%
2019 -2.27% 0.42%
2018 -2.14% -0.8%
2017 -1.03% -1.67%
2016 -2.68% 0.02%
2015 -3.86% 1.39%
2014 -4.37% 2.87%
2013 -3.56% 0.33%
2012 -3.57% 2.93%
2011 -3.2% 3.36%
2010 -3.8% 0.52%
2009 -3.94% 4.84%
2008 -0.68% 7.88%
2007 -1.46% -9.93%
2006 -1.23% -2.54%
2005 -1.43% 0.42%
2004 -1.35% 0.44%
2003 -2.24% 3.4%
2002 -2.18% -16.3%
2001 -2.57% -8.93%
2000 -2.69% -14.7%
1999 -4.49% -10.3%
1998 -4.49% -16.7%
1997 -3.48% -5.91%
1996 -3.66% -9.69%
1995 -2.28% -2.58%
1994 -2.25% -6.95%
1993 -1.51% -3.62%
1992 2.26% 6.44%
1991 1.49% 3.15%
1990 -3.11% 11.9%
1989 -4.75% 8.26%
1988 -8.76% 11.8%
1987 -11.6% 2.77%
1986 -11.2% -10.1%
1985 -7.2% -4.86%
1984 -5.79% -6.09%
1983 -6.03% -3.13%
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 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

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

In 2025, Mexico's government deficit, the difference between spending and revenue, was $89B, equivalent to 4.86% of GDP. This compares to the Seychelles' deficit of $23.5M, or 0.99% of GDP.

Over the past 43 years, Mexico recorded a fiscal deficit in 41 of those years, while the Seychelles ran a deficit in 24 years. On average, Mexico posted an annual deficit equal to 3.59% of GDP, compared to deficit of 2.01% of GDP for the Seychelles.

Inflation comparison by year

Inflation
Mexico

Seychelles
1x
Year Consumer prices inflation
Mexico Seychelles
2025 3.81% 0.3%
2024 4.72% 0.31%
2023 5.53% -1.04%
2022 7.9% 2.63%
2021 5.69% 9.77%
2020 3.4% 1.2%
2019 3.64% 1.81%
2018 4.9% 3.7%
2017 6.04% 2.86%
2016 2.82% -1.02%
2015 2.72% 4.04%
2014 4.02% 1.39%
2013 3.81% 4.34%
2012 4.11% 7.11%
2011 3.41% 2.56%
2010 4.16% -2.4%
2009 5.3% 31.8%
2008 5.12% 37%
2007 3.97% 5.32%
2006 3.63% -0.35%
2005 3.99% 0.91%
2004 4.69% 3.86%
2003 4.55% 3.3%
2002 5.03% 0.18%
2001 6.37% 5.97%
2000 9.49% 6.27%
1999 16.6% 6.35%
1998 15.9% 2.58%
1997 20.6% 0.62%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Mexico has recorded an average annual inflation rate of 6.07%, compared with 4.87% in the Seychelles. In 2025, inflation was 3.81% in Mexico and 0.3% in the Seychelles.

Top exports between countries

Mexico
Export category Export value
Seychelles
Export category Export value
Animal & marine products $788K

Balance of trade

Mexico Seychelles
Current account balance
-$8.2B
2025
-$166M
2024
Current account balance ranking
171/190
2025
90/190
2024
Current account balance, % of GDP
-0.45%
2025
-7.46%
2024
Goods imports
$665B
2025
$1.38B
2024
Goods exports
$666B
2025
$595M
2024
Service imports
$75.4B
2025
$1B
2024
Service exports
$64B
2025
$1.71B
2024
Imports of goods and services, % of GDP
40.3%
2025
92.7%
2025
Exports of goods and services, % of GDP
39.6%
2025
79.6%
2025

Economic freedom indices

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

Mexico Seychelles
Economic freedom 59.8 66.5
Economic freedom ranking 102/197 60/197
Property rights 37.6 82.6
Government integrity 28.8 71.7
Judicial effectiveness 40.4 61.7
Tax burden 75.4 77.3
Government spending 74.6 68
Fiscal health 56.7 92.2
Business freedom 67 71.3
Labor freedom 57.3 52
Monetary freedom 70.6 79.8
Trade freedom 74.2 81.2
Investment freedom 75 30
Financial freedom 60 30

Economic freedom comparison by year

Mexico
Seychelles
1x
Year Economic freedom index
Mexico Seychelles
2026 59.8 66.5
2025 61.3 66.4
2024 62 60.4
2023 63.2 59.5
2022 63.7 61.1
2021 65.5 66.3
2020 66 64.3
2019 64.7 61.4
2018 64.8 61.6
2017 63.6 61.8
2016 65.2 62.2
2015 66.4 57.5
2014 66.8 56.2
2013 67 54.9
2012 65.3 53
2011 67.8 51.2
2010 68.3 47.9
2009 65.8 47.8
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 2026-07-08).

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

The Economic Freedom Index for Mexico is 59.8, ranking 102/197, compared to 66.5 for the Seychelles, ranking 60/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Mexico Seychelles
Services, % of GDP
58.9%
2025
67.9%
2025
Industry, % of GDP
30.6%
2025
14.3%
2025
Agriculture, forestry, and fishing, % of GDP
3.88%
2025
2.61%
2025
GNI, Atlas method
$1.81T
2025
$2.36B
2025
GNI per capita, PPP
$25,070
2025
$34,930
2025
Total reserves including gold
$256B
2025
$774M
2024
Total reserves ranking
17/177
2025
146/177
2024
Net foreign direct investment
-$31.8B
2025
-$268M
2024
Net inflows of foreign direct investment
$45.5B
2024
$226M
2024
Net outflows of foreign direct investment
$13B
2024
-$41.4M
2024
Servicing debt to the IMF, % of GNI
3.77%
2024
n/a
Poverty at national poverty lines
29.6%
2024
25.3%
2018
Gross capital formation, % of GDP
22.6%
2025
18.7%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1900–1995, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. LivingCost (2026, retrieved 2026-07-08)
  8. TradeMap (2023, retrieved 2026-07-08)

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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.