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Economy of Mexico vs Yemen compared: GDP & Debt

Updated on by Georank team

Mexico has a GDP of $1.86T compared to $21.6B for Yemen, ranking 13/197 and 125/197 by economy size, respectively.

Mexico has $1.08T in government debt (58.3% of GDP), compared to $18.8B (70.9% of GDP) in Yemen.

Mexico vs Yemen GDP by year

Mexico
Yemen
1x
Year GDP, current $
Mexico Yemen
2024 $1,856,365,616,166 -
2023 $1,798,317,581,487 -
2022 $1,466,934,724,293 -
2021 $1,316,569,466,686 -
2020 $1,121,064,767,308 -
2019 $1,304,106,203,902 -
2018 $1,256,300,182,880 $21,606,160,663
2017 $1,190,721,475,906 $26,842,229,045
2016 $1,112,233,497,453 $31,317,825,274
2015 $1,213,294,467,717 $42,444,490,074
2014 $1,364,507,717,614 $43,228,585,321
2013 $1,327,436,290,283 $40,415,233,436
2012 $1,255,110,424,818 $35,401,331,610
2011 $1,229,013,703,417 $32,726,417,878
2010 $1,105,424,238,731 $30,906,749,533
2009 $943,437,415,025 $25,130,278,213
2008 $1,161,553,459,715 $26,910,855,807
2007 $1,102,355,554,972 $21,650,528,674
2006 $1,020,265,057,882 $19,063,143,370
2005 $917,571,853,529 $16,731,566,717
2004 $819,459,227,375 $13,867,634,371
2003 $765,549,967,703 $11,777,532,662
2002 $810,666,116,402 $10,693,430,511
2001 $796,064,590,549 $9,852,990,693
2000 $742,061,329,749 $9,679,316,770
1999 $631,249,359,702 $7,639,325,296
1998 $557,461,102,631 $6,322,175,566
1997 $523,449,530,464 $6,838,298,531
1996 $432,157,945,024 $6,496,163,616
1995 $380,157,469,867 $12,796,345,679
1994 $553,618,247,901 $28,019,483,764
1993 $530,160,763,663 $21,736,802,664
1992 $363,157,832,924 $17,959,367,194
1991 $313,139,656,146 $14,665,445,462
1990 $261,253,675,693 $12,643,821,569
1989 $221,403,098,267 -
1988 $181,611,150,497 -
1987 $147,542,558,209 -
1986 $134,556,034,673 -
1985 $195,241,069,482 -
1984 $184,230,754,105 -
1983 $156,167,000,433 -
1982 $184,602,611,610 -
1981 $263,797,827,860 -
1980 $205,577,055,466 -
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/yemen | CC BY

GDP per capita in Mexico vs Yemen by year

Mexico
GDP per capita

GDP per capita, PPP
Yemen
GDP per capita

GDP per capita, PPP
1x
Year Current $
Mexico Yemen
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $14,186 $26,185 - -
2023 $13,861 $25,243 - -
2022 $11,406 $23,135 - -
2021 $10,314 $20,783 - -
2020 $8,841 $19,354 - -
2019 $10,370 $20,964 - -
2018 $10,085 $20,921 $634 -
2017 $9,649 $20,489 $811 -
2016 $9,098 $20,105 $975 -
2015 $10,021 $19,071 $1,362 -
2014 $11,391 $18,821 $1,430 -
2013 $11,217 $18,170 $1,379 $3,164
2012 $10,744 $18,005 $1,245 $3,005
2011 $10,664 $17,267 $1,186 $3,113
2010 $9,729 $15,909 $1,155 $3,603
2009 $8,424 $15,191 $969 $3,411
2008 $10,524 $15,681 $1,072 $3,370
2007 $10,134 $15,032 $890 $3,294
2006 $9,513 $14,540 $810 $3,205
2005 $8,672 $13,260 $734 $3,113
2004 $7,850 $12,658 $628 $2,949
2003 $7,434 $12,066 $549 $2,844
2002 $7,983 $11,762 $513 $2,768
2001 $7,953 $11,739 $487 $2,702
2000 $7,524 $11,705 $493 $2,624
1999 $6,500 $11,031 $401 $2,492
1998 $5,833 $10,756 $343 $2,442
1997 $5,567 $10,182 $383 $2,351
1996 $4,674 $9,496 $375 $2,268
1995 $4,184 $8,933 $764 $2,201
1994 $6,202 $9,466 $1,735 $2,115
1993 $6,048 $9,041 $1,397 $2,013
1992 $4,221 $9,470 $1,198 $1,963
1991 $3,709 $9,079 $1,016 $1,843
1990 $3,154 $8,578 $910 $1,742
1989 $2,725 - - -
1988 $2,279 - - -
1987 $1,888 - - -
1986 $1,757 - - -
1985 $2,602 - - -
1984 $2,506 - - -
1983 $2,170 - - -
1982 $2,621 - - -
1981 $3,829 - - -
1980 $3,055 - - -
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/yemen | CC BY

Mexico's GDP per capita is $14,186, ranking 69/197, compared to $634 in Yemen, ranking 191/197. Adjusted for purchasing power (GDP per capita PPP), Mexico ranks 80th at $26,185, while Yemen ranks 178th at $3,164.

Economic indicators

Mexico Yemen
Gross domestic product
$1.86T
2024
$21.6B
2018
GDP rank
13/197
2024
125/197
2018
GDP growth
1.43%
2023-2024
0.75%
2017-2018
GDP per capita
$14,186
2024
$634
2018
GDP per capita rank
69/197
2024
191/197
2018
GDP per capita, PPP
$26,185
2024
$3,164
2013
GDP per capita PPP rank
80/197
2024
178/197
2013
Government debt
$1.08T
2024
$18.8B
2018
Debt-to-GDP ratio
58.3%
2024
70.9%
2024
Government debt per person
$8,272
2024
$551
2018
Government debt per person rank
63/185
2024
165/185
2018
Average annual personal income after taxes
$10,231
2026
$1,127
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
29.4%
2014
Income share by poorest 10%
2.1%
2022
3%
2014
Government expenditure, % of GDP
30.3%
2024
8.91%
2024
Consumer prices inflation
4.72%
2023-2024
33.9%
2023-2024
Central bank interest rate
7%
2025
n/a
Unemployment rate
2.62%
2024
13.5%
2014
Population
133323134
43325643

Spending and national debt comparison by year

Mexico
Spending

Debt
Yemen
Spending

Debt
1x
Year % of GDP
Mexico Yemen
Government spending Government debt Government spending Government debt
2024 30.3% 58.3% 8.91% 70.9%
2023 28.5% 52.6% 11.8% 77.9%
2022 28.5% 53.8% 12.2% 65.3%
2021 26.7% 56.7% 8.22% 75.9%
2020 27.8% 58.5% 10.6% 87%
2019 25.3% 51.9% 13.2% 91.5%
2018 25% 52.2% 14.3% 86.9%
2017 25% 52.5% 8.39% 83.8%
2016 26.5% 55% 16.1% 76.5%
2015 26.6% 51% 19.4% 57.7%
2014 26.9% 47.1% 27.8% 48.9%
2013 26.7% 44.1% 30.8% 48.4%
2012 27% 40.8% 36.2% 47.6%
2011 26.6% 41.2% 29.8% 45.7%
2010 26.5% 40.2% 30.2% 42.4%
2009 26.5% 41.7% 35.2% 49.8%
2008 26.5% 40.6% 41.2% 36.4%
2007 22.5% 35.5% 40.3% 40.4%
2006 21.6% 35.8% 37.4% 40.8%
2005 21.2% 36.8% 36.8% 43.8%
2004 20.5% 38.9% 34.2% 52.1%
2003 21.5% 42.1% 35.3% 56.8%
2002 19.8% 39.9% 30.8% 57.8%
2001 19.5% 37.3% 30.5% 60.6%
2000 19.4% 38.5% 31.7% 60.8%
1999 20.1% 41.7% 28.2% 96.1%
1998 19.5% 39.7% 34.3% 110.6%
1997 20.7% 39.1% 34.2% 74.2%
1996 20.8% 42.5% 30.7% 114.9%
1995 18.9% 30.7% 24.1% 84.1%
1994 18.9% 26.8% 25.2% 73.3%
1993 18.2% 19.2% 25.8% 76.7%
1992 19% 21.5% 24.6% 78%
1991 20.1% 29.2% 24.7% 82.7%
1990 22.9% 35.7% 26.6% 91.6%
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 (1960–1998, retrieved 2026-02-20).

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

In 2024, Mexico's government spending was $563B, accounting for 30.3% of its GDP, while Yemen spent $3.08B, or 8.91% of GDP.

Debt-to-GDP ratio is 58.3% in Mexico and 70.9% in Yemen, ranking 84/185 and 55/185, respectively.

Government deficit by year

Deficit/surplus
Mexico

Yemen
1x
Year Deficit/surplus, % of GDP
Mexico Yemen
2024 -5.73% -2.48%
2023 -4.29% -5.63%
2022 -4.32% -2.15%
2021 -3.75% -0.89%
2020 -4.29% -4.3%
2019 -2.27% -5.89%
2018 -2.14% -7.85%
2017 -1.03% -4.9%
2016 -2.68% -8.51%
2015 -3.86% -8.75%
2014 -4.37% -4.14%
2013 -3.56% -6.9%
2012 -3.57% -6.32%
2011 -3.2% -4.51%
2010 -3.8% -4.06%
2009 -3.94% -10.2%
2008 -0.68% -4.53%
2007 -1.46% -7.18%
2006 -1.23% 1.19%
2005 -1.43% -1.82%
2004 -1.35% -2.15%
2003 -2.24% -4.2%
2002 -2.18% -0.56%
2001 -2.57% 2.79%
2000 -2.69% 6.09%
1999 -4.49% 0.06%
1998 -4.49% -7.77%
1997 -3.48% -1.5%
1996 -3.66% -0.92%
1995 -2.28% -5.74%
1994 -2.25% -14%
1993 -1.51% -12.8%
1992 2.26% -10.9%
1991 1.49% -5.76%
1990 -3.11% -10.3%
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/yemen | CC BY

In 2018, Mexico's government deficit, the difference between spending and revenue, was $26.9B, equivalent to 2.14% of GDP. This compares to Yemen's deficit of $1.7B, or 7.85% of GDP.

Over the past 29 years, Mexico recorded a fiscal deficit in 27 of those years, while Yemen ran a deficit in 25 years. On average, Mexico posted an annual deficit equal to 2.4% of GDP, compared to deficit of 5.04% of GDP for Yemen.

Inflation comparison by year

Inflation
Mexico

Yemen
1x
Year Consumer prices inflation
Mexico Yemen
2024 4.72% 33.9%
2023 5.53% 0.9%
2022 7.9% 29.5%
2021 5.69% 31.5%
2020 3.4% 21.7%
2019 3.64% 15.7%
2018 4.9% 33.6%
2017 6.04% 30.4%
2016 2.82% 21.3%
2015 2.72% 22%
2014 4.02% 8.2%
2013 3.81% 11%
2012 4.11% 9.9%
2011 3.41% 19.5%
2010 4.16% 11.2%
2009 5.3% 3.7%
2008 5.12% 19%
2007 3.97% 7.9%
2006 3.63% 10.8%
2005 3.99% 9.9%
2004 4.69% 12.5%
2003 4.55% 10.8%
2002 5.03% 12.2%
2001 6.37% 11.9%
2000 9.49% 11%
1999 16.6% 7.9%
1998 15.9% 11.5%
1997 20.6% 4.6%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, Mexico has recorded an average annual inflation rate of 6.15%, compared with 15.5% in Yemen. In 2024, inflation was 4.72% in Mexico and 33.9% in Yemen.

Top exports between countries

Mexico
Export category Export value
Yemen
Export category Export value
Metals $5K

Balance of trade

Mexico Yemen
Current account balance
-$16.7B
2024
-$2.42B
2016
Current account balance ranking
181/190
2024
148/190
2016
Current account balance, % of GDP
-0.9%
2024
-7.72%
2016
Goods imports
$637B
2024
$6.8B
2016
Goods exports
$618B
2024
$473M
2016
Service imports
$72B
2024
$1.46B
2016
Service exports
$63B
2024
$466M
2016
Imports of goods and services, % of GDP
37.9%
2024
47.3%
2018
Exports of goods and services, % of GDP
36.7%
2024
8.76%
2018

Economic freedom indices

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

Mexico Yemen
Economic freedom 59.8 53.7
Economic freedom ranking 102/197 138/197
Property rights 37.6 3.5
Government integrity 28.8 6.2
Judicial effectiveness 40.4 9.9
Tax burden 75.4 93.7
Government spending 74.6 0
Fiscal health 56.7 71.2
Business freedom 67 31.3
Labor freedom 57.3 31.2
Monetary freedom 70.6 48.1
Trade freedom 74.2 67.4
Investment freedom 75 50
Financial freedom 60 30

Economic freedom comparison by year

Mexico
Yemen
1x
Year Economic freedom index
Mexico Yemen
2026 59.8 -
2025 61.3 -
2024 62 -
2023 63.2 -
2022 63.7 -
2021 65.5 -
2020 66 -
2019 64.7 -
2018 64.8 -
2017 63.6 -
2016 65.2 -
2015 66.4 53.7
2014 66.8 55.5
2013 67 55.9
2012 65.3 55.3
2011 67.8 54.2
2010 68.3 54.4
2009 65.8 56.9
2008 66.2 53.8
2007 66 54.1
2006 64.7 52.6
2005 65.2 53.8
2004 66 50.5
2003 65.3 50.3
2002 63 48.6
2001 60.6 44.3
2000 59.3 44.5
1999 58.5 43.3
1998 57.9 46.1
1997 57.1 48.4
1996 61.2 49.6
1995 63.1 49.8

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

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

The Economic Freedom Index for Mexico is 59.8, ranking 102/197, compared to 53.7 for Yemen, ranking 138/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Mexico Yemen
Services, % of GDP
58.1%
2024
41.8%
2018
Industry, % of GDP
31.8%
2024
25.4%
2018
Agriculture, forestry, and fishing, % of GDP
3.72%
2024
28.7%
2018
GNI, Atlas method
$1.68T
2024
$25.3B
2018
GNI per capita, PPP
$25,460
2024
$3,020
2013
Total reserves including gold
$232B
2024
$1.25B
2022
Total reserves ranking
16/177
2024
139/177
2022
Net foreign direct investment
-$32.3B
2024
$15.4M
2015
Net inflows of foreign direct investment
$45.5B
2024
-$371M
2019
Net outflows of foreign direct investment
$13B
2024
$0
2024
Servicing debt to the IMF, % of GNI
3.71%
2024
0.53%
2018
Poverty at national poverty lines
29.6%
2024
48.6%
2014
Gross capital formation, % of GDP
24.1%
2024
6.18%
2018

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/yemen | 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 (1900–1998, 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)
  8. TradeMap (2015, retrieved 2026-02-08)

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.