Mexico’s Gross Domestic Product (GDP) per capita is a vital economic indicator reflecting the nation’s economic output per person. In 2023, Mexico’s GDP per capita stood at $10,241.89 US dollars. This figure, sourced from the World Bank, represents approximately 81% of the global average, providing a snapshot of Mexico’s economic standing on the world stage.
Historically, Mexico’s GDP per capita has experienced considerable growth and fluctuations. From 1960 to 2023, the average GDP per capita in Mexico was $8,037.74 USD. The country’s economic journey saw its peak GDP per capita in 2018, reaching $10,296.87 USD. Conversely, the lowest recorded GDP per capita was in 1960, at $4,145.79 USD. These figures illustrate the long-term economic development and the impact of various economic factors over the decades in Mexico.
Looking ahead, projections from Trading Economics analysts suggest a positive trajectory for Mexico’s GDP per capita. It is anticipated to reach $10,385.00 USD by the end of 2025. Further long-term forecasts estimate a continued upward trend, with GDP per capita potentially reaching around $10,593.00 USD in 2026 and $10,805.00 USD in 2027. These projections indicate a steady, if modest, growth in the coming years, reflecting ongoing economic activities and expectations for Mexico’s economic performance.
Understanding Mexico’s GDP per capita is essential for assessing the country’s economic well-being and its citizens’ average income level. While it’s a useful metric for broad comparisons, it’s important to consider it alongside other economic indicators to gain a comprehensive view of Mexico’s economic landscape. Factors such as income distribution, inflation, and sector-specific growth contribute to a deeper understanding of the economic realities behind the GDP per capita figure. For more detailed economic data and comparisons, resources like the World Bank and Trading Economics offer extensive information and analysis on Mexico and other economies globally.
