Is Mexico richer than Thailand?

Is Mexico more developed than China?

Per capita GDP in Mexico stands at $7,467, more than six times greater than China’s per capita GDP of $1,240. … While China’s labor assets are enormous (the population is almost thirteen times larger than Mexico’s), their skills are typically less developed than their Mexican counterparts.

Is Thailand a very poor country?

BANGKOK, March 5, 2020 – Thailand has successfully reduced poverty over the past three decades from over 65 percent in 1988 to under 10 percent in 2018. … Over the past few years, Thailand’s growth rate has been lower than other large economies in the developing East Asia and Pacific region.

Is Thailand poor than India?

In India, 21.9% live below the poverty line as of 2011. In Thailand, however, that number is 7.2% as of 2015.

Is Mexico richer than USA?

Mexico’s $2.4 trillion economy – 11th largest in the world – has become increasingly oriented toward manufacturing since the North American Free Trade Agreement (NAFTA) entered into force in 1994. Per capita income is roughly one-third that of the US; income distribution remains highly unequal.

Is Mexico’s economy better than US?

Per capita income is roughly one-third that of the US; income distribution remains highly unequal. Mexico has become the US’ second-largest export market and third-largest source of imports. In 2017, two-way trade in goods and services exceeded $623 billion.

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Is Mexico a 3rd world country?

The term “Third World” was invented during the Cold War to define countries that remained non-aligned with either NATO or the Warsaw Pact. … So although technically Mexico is by definition a 3rd world country, it is most certainly none of those other things.

Which is the most developed country in the world?

Human Development Index (HDI)

Rank Economy
2019 data (2020 report) rankings Change in rank from previous year
1 Norway
2 Switzerland
2 (1) Ireland

Who is richer Spain or Mexico?

Mexico has a GDP per capita of $19,900 as of 2017, while in Spain, the GDP per capita is $38,400 as of 2017.