What is the GDP PPP in Mexico?
Gross Domestic Product (PPP in 2017 prices)
| Country | GDP PPP (Billions, 2017) | GDP PPP per Capita (Int$, 2017) |
|---|---|---|
| Mexico | 2,306.32 | 17,888 |
| Nicaragua | 34.98 | 5,280 |
| Panama | 109.52 | 25,382 |
| Paraguay | 87.98 | 12,335 |
What is GDP PPP vs GDP?
The key difference between GDP nominal and GDP PPP is that GDP nominal is the GDP unadjusted for the effects of inflation and is at current market prices whereas GDP PPP is the GDP converted to US dollars using purchasing power parity rates and divided by total population.
What is the average GDP of Mexico?
GDP per capita in Mexico is expected to reach 9900.00 USD by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Mexico GDP per capita is projected to trend around 10300.00 USD in 2022 and 10500.00 USD in 2023, according to our econometric models.
What is the average GDP PPP?
As of 2019, the estimated average GDP per capita (PPP) of all of the countries of the world is Int$18,381.
What is Mexico’s purchasing power?
A purchasing power parity (PPP) between two countries, A and B, is the ratio of the number of units of country A’s currency needed to purchase in country A the same quantity of a specific good or service as one unit of country B’s currency will purchase in country B.
Does Mexico have a low GDP?
The economy of Mexico is a developing market economy. It is the 15th largest in the world in nominal GDP terms and the 11th largest by purchasing power parity, according to the International Monetary Fund. Tax revenues, altogether 19.6 percent of GDP in 2013, were the lowest among the then 34 OECD countries.
What is the per capita income of Mexico?
The Gross Domestic Product per capita in Mexico was last recorded at 19746.44 US dollars in 2019, when adjusted by purchasing power parity (PPP). The GDP per Capita, in Mexico, when adjusted by Purchasing Power Parity is equivalent to 111 percent of the world’s average. source: World Bank
What is difference between nominal GDP and PPP GDP?
The key difference between GDP nominal and GDP PPP is that GDP nominal is the GDP unadjusted for the effects of inflation and is at current market prices whereas GDP PPP is the GDP converted to US dollars using purchasing power parity rates and divided by total population.
What is the GNP of Mexico?
Grupo Nacional Provincial (GNP) is one of Mexico largest insurance companies. GNP holds a large market share in six areas: car insurance, home insurance, business insurance, basic insurance, life insurance and medical insurance. GNP is owned by Grupo Bal , a privately held group of Mexican companies.
What countries use GDP?
GDP is an important factor in reflecting the health of economy of a country. The best way to understand the economic growth and the position of a country is by knowing its GDP. The top countries by GDP are United States, China, Japan, Germany closely followed by United Kingdom, France & India.