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Economy of Mexico vs Vanuatu compared: GDP & Debt

Updated on by Georank team

Mexico has a GDP of $1.86T compared to $1.12B for Vanuatu, ranking 13/197 and 188/197 by economy size, respectively.

Mexico has $1.08T in government debt (58.3% of GDP), compared to $507M (45.3% of GDP) in Vanuatu.

Mexico vs Vanuatu GDP by year

Mexico
Vanuatu
1x
Year GDP, current $
Mexico Vanuatu
2024 $1,856,365,616,166 $1,117,972,034
2023 $1,798,317,581,487 $1,115,861,056
2022 $1,466,934,724,293 $1,055,031,361
2021 $1,316,569,466,686 $950,394,007
2020 $1,121,064,767,308 $909,421,044
2019 $1,304,106,203,902 $936,526,268
2018 $1,256,300,182,880 $914,727,908
2017 $1,190,721,475,906 $880,043,284
2016 $1,112,233,497,453 $804,323,577
2015 $1,213,294,467,717 $759,690,181
2014 $1,364,507,717,614 $773,717,011
2013 $1,327,436,290,283 $758,304,466
2012 $1,255,110,424,818 $747,839,698
2011 $1,229,013,703,417 $770,153,588
2010 $1,105,424,238,731 $670,712,980
2009 $943,437,415,025 $592,622,319
2008 $1,161,553,459,715 $590,748,429
2007 $1,102,355,554,972 $516,392,923
2006 $1,020,265,057,882 $439,358,587
2005 $917,571,853,529 $394,962,433
2004 $819,459,227,375 $364,996,869
2003 $765,549,967,703 $314,471,413
2002 $810,666,116,402 $262,596,536
2001 $796,064,590,549 $257,926,882
2000 $742,061,329,749 $272,014,628
1999 $631,249,359,702 $268,006,973
1998 $557,461,102,631 $262,293,411
1997 $523,449,530,464 $272,771,209
1996 $432,157,945,024 $261,370,044
1995 $380,157,469,867 $249,333,250
1994 $553,618,247,901 $233,701,301
1993 $530,160,763,663 $200,491,853
1992 $363,157,832,924 $209,088,825
1991 $313,139,656,146 $201,334,169
1990 $261,253,675,693 $168,879,207
1989 $221,403,098,267 $154,013,202
1988 $181,611,150,497 $158,351,368
1987 $147,542,558,209 $139,464,174
1986 $134,556,034,673 $126,498,935
1985 $195,241,069,482 $131,856,421
1984 $184,230,754,105 $144,482,515
1983 $156,167,000,433 $117,389,554
1982 $184,602,611,610 $114,501,913
1981 $263,797,827,860 $113,781,796
1980 $205,577,055,466 $121,185,498
1979 $134,531,900,899 $119,258,835
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/vanuatu | CC BY

GDP per capita in Mexico vs Vanuatu by year

Mexico
GDP per capita

GDP per capita, PPP
Vanuatu
GDP per capita

GDP per capita, PPP
1x
Year Current $
Mexico Vanuatu
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $14,186 $26,185 $3,411 $3,606
2023 $13,861 $25,243 $3,483 $3,568
2022 $11,406 $23,135 $3,370 $3,453
2021 $10,314 $20,783 $3,107 $3,136
2020 $8,841 $19,354 $3,043 $3,118
2019 $10,370 $20,964 $3,207 $3,315
2018 $10,085 $20,921 $3,207 $3,233
2017 $9,649 $20,489 $3,160 $3,146
2016 $9,098 $20,105 $2,956 $3,030
2015 $10,021 $19,071 $2,855 $2,966
2014 $11,391 $18,821 $2,973 $2,890
2013 $11,217 $18,170 $2,980 $2,832
2012 $10,744 $18,005 $3,005 $2,834
2011 $10,664 $17,267 $3,163 $2,816
2010 $9,729 $15,909 $2,815 $2,733
2009 $8,424 $15,191 $2,546 $2,730
2008 $10,524 $15,681 $2,604 $2,701
2007 $10,134 $15,032 $2,334 $2,573
2006 $9,513 $14,540 $2,035 $2,496
2005 $8,672 $13,260 $1,874 $2,287
2004 $7,850 $12,658 $1,774 $2,157
2003 $7,434 $12,066 $1,567 $2,070
2002 $7,983 $11,762 $1,341 $1,995
2001 $7,953 $11,739 $1,350 $2,125
2000 $7,524 $11,705 $1,460 $2,206
1999 $6,500 $11,031 $1,472 $2,084
1998 $5,833 $10,756 $1,471 $2,091
1997 $5,567 $10,182 $1,562 $2,087
1996 $4,674 $9,496 $1,529 $1,998
1995 $4,184 $8,933 $1,492 $1,961
1994 $6,202 $9,466 $1,431 $1,946
1993 $6,048 $9,041 $1,257 $1,789
1992 $4,221 $9,470 $1,344 $1,777
1991 $3,709 $9,079 $1,326 $1,737
1990 $3,154 $8,578 $1,141 $1,670
1989 $2,725 - $1,067 -
1988 $2,279 - $1,125 -
1987 $1,888 - $1,017 -
1986 $1,757 - $946 -
1985 $2,602 - $1,012 -
1984 $2,506 - $1,137 -
1983 $2,170 - $947 -
1982 $2,621 - $946 -
1981 $3,829 - $962 -
1980 $3,055 - $1,048 -
1979 $2,049 - $1,055 -
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/vanuatu | CC BY

Mexico's GDP per capita is $14,186, ranking 69/197, compared to $3,411 in Vanuatu, ranking 137/197. Adjusted for purchasing power (GDP per capita PPP), Mexico ranks 80th at $26,185, while Vanuatu ranks 170th at $3,606.

Economic indicators

Mexico Vanuatu
Gross domestic product
$1.86T
2024
$1.12B
2024
GDP rank
13/197
2024
188/197
2024
GDP growth
1.43%
2023-2024
0.94%
2023-2024
GDP per capita
$14,186
2024
$3,411
2024
GDP per capita rank
69/197
2024
137/197
2024
GDP per capita, PPP
$26,185
2024
$3,606
2024
GDP per capita PPP rank
80/197
2024
170/197
2024
Government debt
$1.08T
2024
$507M
2024
Debt-to-GDP ratio
58.3%
2024
45.3%
2024
Government debt per person
$8,272
2024
$1,546
2024
Government debt per person rank
63/185
2024
131/185
2024
Average annual personal income after taxes
$10,231
2026
$3,164
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
24.7%
2019
Income share by poorest 10%
2.1%
2022
3%
2019
Government expenditure, % of GDP
30.3%
2024
41.1%
2024
Consumer prices inflation
4.72%
2023-2024
11.2%
2022-2023
Central bank interest rate
7%
2025
n/a
Unemployment rate
2.62%
2024
4.05%
2020
Population
133323134
344750

Spending and national debt comparison by year

Mexico
Spending

Debt
Vanuatu
Spending

Debt
1x
Year % of GDP
Mexico Vanuatu
Government spending Government debt Government spending Government debt
2024 30.3% 58.3% 41.1% 45.3%
2023 28.5% 52.6% 41.6% 41.8%
2022 28.5% 53.8% 42% 42.8%
2021 26.7% 56.7% 44.4% 48.5%
2020 27.8% 58.5% 43.4% 48%
2019 25.3% 51.9% 39.8% 45.1%
2018 25% 52.2% 33.3% 45.3%
2017 25% 52.5% 37.1% 52.6%
2016 26.5% 55% 35.2% 42.5%
2015 26.6% 51% 42.4% 36.3%
2014 26.9% 47.1% 23.3% 20.2%
2013 26.7% 44.1% 22.9% 18.6%
2012 27% 40.8% 24.5% 19.3%
2011 26.6% 41.2% 25.1% 21.3%
2010 26.5% 40.2% 28.3% 20.2%
2009 26.5% 41.7% 27.6% 21.1%
2008 26.5% 40.6% 27.8% 21.2%
2007 22.5% 35.5% 22.5% 19.5%
2006 21.6% 35.8% 20.1% 22.2%
2005 21.2% 36.8% 18.3% 26.3%
2004 20.5% 38.9% 18.5% 30.4%
2003 21.5% 42.1% 18.8% 38.3%
2002 19.8% 39.9% 22.3% 38.8%
2001 19.5% 37.3% 22.3% 37%
2000 19.4% 38.5% 25.4% 36.1%
1999 20.1% 41.7% 23.9% 30.6%
1998 19.5% 39.7% 27.9% 28%
1997 20.7% 39.1% 22.2% 22.9%
1996 20.8% 42.5% 24.5% 23.1%
1995 18.9% 30.7% 28% 24.1%
1994 18.9% 26.8% 24.4% 21.6%
1993 18.2% 19.2% 26.2% 20.3%
1992 19% 21.5% 31.8% 21%
1991 20.1% 29.2% 33.2% 15.9%
1990 22.9% 35.7% - -
1989 19.2% 36% - -
1988 23.6% 36.5% - -
1987 26.7% 52.7% - -
1986 25.1% 47.8% - -
1985 21.4% 30.4% - -
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/vanuatu | CC BY

In 2024, Mexico's government spending was $563B, accounting for 30.3% of its GDP, while Vanuatu spent $459M, or 41.1% of GDP.

Debt-to-GDP ratio is 58.3% in Mexico and 45.3% in Vanuatu, ranking 84/185 and 119/185, respectively.

Government deficit by year

Deficit/surplus
Mexico

Vanuatu
1x
Year Deficit/surplus, % of GDP
Mexico Vanuatu
2024 -5.73% -2.34%
2023 -4.29% -0.95%
2022 -4.32% -6.5%
2021 -3.75% 2.38%
2020 -4.29% -1.95%
2019 -2.27% 2.81%
2018 -2.14% 6.26%
2017 -1.03% -1.2%
2016 -2.68% -0.72%
2015 -3.86% -8.66%
2014 -4.37% 1.44%
2013 -3.56% -0.25%
2012 -3.57% -1.7%
2011 -3.2% -2.19%
2010 -3.8% -2.63%
2009 -3.94% -0.85%
2008 -0.68% -0.04%
2007 -1.46% 0.28%
2006 -1.23% 0.49%
2005 -1.43% 1.86%
2004 -1.35% 0.8%
2003 -2.24% -1.35%
2002 -2.18% -3.63%
2001 -2.57% -3.33%
2000 -2.69% -6.28%
1999 -4.49% -0.55%
1998 -4.49% -6.65%
1997 -3.48% -0.51%
1996 -3.66% -1.78%
1995 -2.28% -2.59%
1994 -2.25% -1.49%
1993 -1.51% -3.67%
1992 2.26% -2.32%
1991 1.49% -2.81%
1990 -3.11% -
1989 -4.75% -
1988 -8.76% -
1987 -11.6% -
1986 -11.2% -
1985 -7.2% -
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/vanuatu | 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 Vanuatu's deficit of $26.2M, or 2.34% of GDP.

Over the past 34 years, Mexico recorded a fiscal deficit in 32 of those years, while Vanuatu ran a deficit in 26 years. On average, Mexico posted an annual deficit equal to 2.68% of GDP, compared to deficit of 1.49% of GDP for Vanuatu.

Inflation comparison by year

Inflation
Mexico

Vanuatu
1x
Year Consumer prices inflation
Mexico Vanuatu
2024 4.72% -
2023 5.53% 11.2%
2022 7.9% 6.68%
2021 5.69% 2.34%
2020 3.4% 5.33%
2019 3.64% 2.76%
2018 4.9% 2.33%
2017 6.04% 3.08%
2016 2.82% 0.84%
2015 2.72% 2.48%
2014 4.02% 0.8%
2013 3.81% 1.46%
2012 4.11% 1.35%
2011 3.41% 0.87%
2010 4.16% 2.76%
2009 5.3% 4.3%
2008 5.12% 4.84%
2007 3.97% 3.94%
2006 3.63% 2.04%
2005 3.99% 1.2%
2004 4.69% 1.42%
2003 4.55% 3.02%
2002 5.03% 1.96%
2001 6.37% 3.58%
2000 9.49% 2.54%
1999 16.6% 2%
1998 15.9% 3.28%
1997 20.6% 2.83%

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

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

Over the past 27 years, Mexico has recorded an average annual inflation rate of 6.2%, compared with 3.01% in Vanuatu. In 2023, inflation was 4.72% in Mexico and 11.2% in Vanuatu.

Balance of trade

Mexico Vanuatu
Current account balance
-$16.7B
2024
-$127M
2022
Current account balance ranking
181/190
2024
90/190
2022
Current account balance, % of GDP
-0.9%
2024
-12.1%
2022
Goods imports
$637B
2024
$350M
2022
Goods exports
$618B
2024
$73.6M
2022
Service imports
$72B
2024
$230M
2022
Service exports
$63B
2024
$78.5M
2022
Imports of goods and services, % of GDP
37.9%
2024
54.2%
2022
Exports of goods and services, % of GDP
36.7%
2024
9.43%
2022

Economic freedom indices

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

Mexico Vanuatu
Economic freedom 59.8 61.1
Economic freedom ranking 102/197 92/197
Property rights 37.6 62.1
Government integrity 28.8 48.3
Judicial effectiveness 40.4 67.9
Tax burden 75.4 96.9
Government spending 74.6 48.1
Fiscal health 56.7 78.8
Business freedom 67 50.3
Labor freedom 57.3 41
Monetary freedom 70.6 72.1
Trade freedom 74.2 62
Investment freedom 75 65
Financial freedom 60 40

Economic freedom comparison by year

Mexico
Vanuatu
1x
Year Economic freedom index
Mexico Vanuatu
2026 59.8 61.1
2025 61.3 61.8
2024 62 62.2
2023 63.2 62.1
2022 63.7 62.9
2021 65.5 60.5
2020 66 60.7
2019 64.7 56.4
2018 64.8 69.5
2017 63.6 67.4
2016 65.2 60.8
2015 66.4 61.1
2014 66.8 59.5
2013 67 56.6
2012 65.3 56.6
2011 67.8 56.7
2010 68.3 56.4
2009 65.8 58.4
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/vanuatu | CC BY

The Economic Freedom Index for Mexico is 59.8, ranking 102/197, compared to 61.1 for Vanuatu, ranking 92/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Mexico Vanuatu
Services, % of GDP
58.1%
2024
59.1%
2022
Industry, % of GDP
31.8%
2024
7.37%
2022
Agriculture, forestry, and fishing, % of GDP
3.72%
2024
24.3%
2022
GNI, Atlas method
$1.68T
2024
$1.28B
2024
GNI per capita, PPP
$25,460
2024
$4,140
2024
Total reserves including gold
$232B
2024
$615M
2024
Total reserves ranking
16/177
2024
152/177
2024
Net foreign direct investment
-$32.3B
2024
-$9.21M
2022
Net inflows of foreign direct investment
$45.5B
2024
$28.9M
2024
Net outflows of foreign direct investment
$13B
2024
$2.79M
2024
Servicing debt to the IMF, % of GNI
3.71%
2024
2.04%
2024
Poverty at national poverty lines
29.6%
2024
15.9%
2020
Gross capital formation, % of GDP
24.1%
2024
38.3%
2022

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/vanuatu | 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. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. 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.