How does the economy in Mexico compare to U.S?

Answer 1

The economy of Mexico was the 14th largest in the world in 2006 with a gross domestic product (by PPP estimate) that surpassed a trillion dollars in 2004, measured in purchasing power parity.

As an export-oriented economy, more than 90% of Mexican trade is under free trade agreements (FTAs) with more than 40 countries, including the European Union, Japan, Israel, and much of Central and South America. The most influential FTA is NAFTA, which came into effect in 1994, and was signed in 1992 by the governments of the United States, Canada and Mexico. In 2006, trade with Mexico's two northern partners accounted for almost 90% of its exports and 55% of its imports. (1)

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The United States economy has the world's largest gross domestic product (GDP), $13.21 trillion in 2006. It is a mixed economy where corporations and other private firms make the majority of microeconomic decisions while being regulated by the government.

As of 2006, the gross external debt was nearly USD $9 trillion or 64% of GDP. The gross public debt is 65% of GDP (also known as national debt and refers to what is owned by the combined public sector to both domestic and foreign creditors; see List of countries by public debt and global debt). The national debt includes the amount of the cumulative government deficits and interest. (2)

Answer 2

Mexican economy is much weaker than in the U.S. because it is in debt with many nations... and the commerce is really low aswell.. they dont actually get that much in taxes because of corruption..