When it comes to comparing the wealth of two countries, Mexico and Argentina are often pitted against each other. Both countries have unique economic indicators that set them apart from one another. Let's take a closer look at the economic differences between Mexico and Argentina.

Population Size and GDP

One of the key factors to consider when comparing the wealth of two countries is their population size and Gross Domestic Product (GDP). In terms of population size, Mexico has a much larger population compared to Argentina. Mexico is the 11th most populous country in the world, while Argentina is the 31st most populous. This difference in population size can have a significant impact on the overall economic strength of each country.

When it comes to GDP, Mexico also has a higher GDP compared to Argentina. Mexico's GDP is ranked 15th in the world, while Argentina's GDP is ranked 27th. This difference in GDP can be attributed to various factors, such as the size of each country's economy, the diversity of industries, and the overall economic stability.

Economic Indicators

Another important aspect to consider when comparing Mexico and Argentina is their economic indicators. Mexico has a higher GDP growth rate compared to Argentina. Mexico's GDP growth rate is around 2.2%, while Argentina's GDP growth rate is around -2.5%. This indicates that Mexico's economy is growing at a faster pace compared to Argentina.

Furthermore, Mexico also has a higher GDP per capita compared to Argentina. Mexico's GDP per capita is around $9,276, while Argentina's GDP per capita is around $7,564. This means that, on average, individuals in Mexico have a higher income compared to individuals in Argentina.

Global Rankings

When it comes to global rankings, Mexico is ranked higher than Argentina in various economic indicators. Mexico is ranked 15th in terms of GDP, while Argentina is ranked 27th. Mexico is also ranked higher in terms of GDP growth rate, with a rank of 46th compared to Argentina's rank of 191st. Additionally, Mexico is ranked 15th in terms of GDP per capita, while Argentina is ranked 27th.

In conclusion, when comparing the wealth of Mexico and Argentina, it is clear that Mexico has a stronger economy overall. Mexico has a larger population, higher GDP, higher GDP growth rate, and higher GDP per capita compared to Argentina. While both countries have their own unique strengths and weaknesses, Mexico ultimately comes out on top in terms of economic indicators.