Skip to content

Mexico vs Venezuela: Economic Indicators Comparison

Mexico with a GDP of $1.2T ranked the 15th largest economy in the world, while Venezuela ranked 27th with $482.4B. By GDP 5-years average growth and GDP per capita, Mexico and Venezuela ranked 109th vs 181st and 77th vs 58th, respectively.

Gross Domestic Product & Income

StatMexicoVenezuela
GDP$1.2T$482.4B
GDP growth, 1 year2%-18%
GDP growth, 5-years average2.6%-12.2%
Population130.5M28.5M
GDP per capita$9.7k$16k
GDP per capita growth0.99%-18.17%
Purchasing Power Parity conversion factor9.385.57
Price level ratio of PPP conversion factor GDP to market exchange rate0.490.89
GDP per capita, PPP adjusted$21k$8.8k
GNI, Atlas method$1.2T$392.9B
GNI per capita$9.2k$13k
GNI, PPP adjusted$2.4T$352.8B
GNI per capita, PPP adjusted$19k$12k

Financial system and Human development

StatMexicoVenezuela
Income Tax Rate35%34%
Corporate Tax Rate30%34%
Inflation, consumer prices4.9%929789.5%
Inflation, GDP deflator5%748.1%
Unemployment3.3%8.4%
Economic Freedom Index6625.2
Personal Freedom Index7.236.33
Human Freedom Index6.945.27
Property Rights Index58.310.1
Judical Effectiveness Index34.712.6
Business Freedom Index6730.8
Fiscal Health Index87.50
Labor Freedom Index58.427.7
Investment Freedom Index750
Financial Freedom Index6010
Trade Freedom Index87.658
Monetary Freedom Index70.90
Government Spending Index79.366.3
Tax Burden Index76.172.8
Government Integrity Index36.714.6
Corruption Perceptions Index2818
Life expectancy at birth, years74.972.2
Suicide mortality rate, per 100,000 people5.13.7
Mortality caused by road traffic injury, per 100,000 people13.133.7
Intentional homicides, per 100,000 people24.856.3
International tourism, number of arrivals41.3M427k

Government debt & reserves

StatMexicoVenezuela
Central government debt, % of GDP53.6%175.6%
External debt stocks, % of GNI38%33.9%
External debt stocks$453B$154.9B
Short-term debt, % of total reserves34.6%421.1%
Total debt service, % of exports and primary income11.9%69%
Adjusted net savings including particulate emission damage, % of GNI7.5%7.2%
Gross savings, % of GDP23.7%8.9%
Gross capital formation, % of GDP22.7%-3.7%
Total reserves including gold$176.4B$9.8B
Foreign direct investment net inflows$37.5B$956M

Exports, imports and economic structure

StatMexicoVenezuela
Exports of goods and services, % of GDP39.3%30.7%
Imports of goods and services, % of GDP41.2%36.4%
Current account balance (balance of payments)-$22B-$3.9B
Revenue excluding grants, % of GDP18.9%N/A
Grants excluding technical cooperation, BoP$318.9M$125.8M
Personal remittances received$35.8B$297.1M
Industry including construction value added, % of GDP30.9%37.2%
Agriculture, forestry and fishing value added, % of GDP3.4%5%
Charges for the use of intellectual property, payments BoP$302M$258M
Charges for the use of intellectual property, receipts BoP$7MN/A
Expense, % of GDP20.4%N/A
Government Expenditure, % of GDP26.3%33.5%

Compare with countries close by GDP per capita

Mexico vs

CountryGDP
per capita
Population
Poland
$15k
38.5M
Croatia
$15k
4.11M
Romania
$12k
19.6M
Costa Rica
$12k
4.87M
Argentina
$12k
44.9M
Malaysia
$11k
31.6M
Russia
$11k
147M
Mauritius
$11k
1.26M
Grenada
$11k
108k
Saint Lucia
$11k
179k
Maldives
$10k
345k
Equatorial Guinea
$10k
1.22M
Nauru
$9.9k
13.7k
Kazakhstan
$9.8k
18M
China
$9.8k
1.41B
Turkey
$9.4k
82M
Bulgaria
$9.3k
7.27M
Brazil
$8.9k
208M
Montenegro
$8.8k
622k
Cuba
$8.8k
11.3M
Lebanon
$8.3k
4.47M
Botswana
$8.3k
2.02M
Dominican Republic
$8.1k
10.4M
Gabon
$8k
1.67M
Dominica
$7.7k
72k
Saint Vincent
$7.4k
109k
Thailand
$7.3k
65.9M
Serbia
$7.2k
7.02M
Libya
$7.2k
5.66M
Turkmenistan
$7k
5.13M

Venezuela vs

CountryGDP
per capita
Population
Czech Republic
$23k
10.6M
Vatican City
$21k
1k
Greece
$20k
10.8M
Curacao
$20k
160k
Slovakia
$19k
5.44M
Saint Kitts and Nevis
$19k
54.2k
Lithuania
$19k
2.79M
Barbados
$18k
285k
Latvia
$18k
1.95M
Uruguay
$17k
3.41M
Trinidad and Tobago
$17k
1.34M
Antigua and Barbuda
$17k
101k
Seychelles
$16k
95.8k
Oman
$16k
3.63M
Hungary
$16k
9.97M
Chile
$16k
18.1M
Palau
$16k
20.9k
Panama
$16k
3.86M
Poland
$15k
38.5M
Croatia
$15k
4.11M
Romania
$12k
19.6M
Costa Rica
$12k
4.87M
Argentina
$12k
44.9M
Malaysia
$11k
31.6M
Russia
$11k
147M
Mauritius
$11k
1.26M
Grenada
$11k
108k
Saint Lucia
$11k
179k
Maldives
$10k
345k
Equatorial Guinea
$10k
1.22M