Mexico vs. Guatemala: Economic Comparison (GDP)
Mexico's economy is substantially larger than Guatemala's—roughly 14–15 times bigger by nominal GDP.
IMF 2024 Estimates
| Indicator | Mexico | Guatemala | Ratio |
|---|
| Nominal GDP | $1.81T | $104B | 17.4× |
| GDP per capita | $13,800 | $5,700 | 2.4× |
| GDP (PPP) | $3.3T | $210B | 15.7× |
| Population | 129M | 18M | 7.2× |
Structural Differences
- Mexico: Upper-middle income, OECD, G20, manufacturing export platform (autos, electronics), oil producer, deep capital markets
- Guatemala: Lower-middle income, remittance-dependent (18% GDP), agricultural exports (coffee, bananas, sugar), large informal sector, high inequality
Trade Relationship
Mexico is Guatemala's 2nd largest trade partner (after US). CAFTA-DR governs. Guatemalan migrants transit Mexico northward—complex bilateral dynamics.
Beyond GDP
HDI (2022): Mexico 0.781 (77th), Guatemala 0.627 (135th). Poverty: Mexico 36%, Guatemala 55% (national lines).
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