Canada vs Mexico
Side-by-side economic and demographic comparison · 2026 data · Source: IMF & World Bank
Canada and Mexico are the United States' two USMCA partners, but their economies are strikingly different. Canada is a high-income economy with GDP per capita roughly four times Mexico's, extensive social safety nets, and universal healthcare. Mexico has a much larger and younger population (130M vs 38M), lower labor costs, and faster GDP growth potential. Both economies are heavily dependent on US trade, but Mexico has surpassed Canada as America's top trading partner. Canada's economy is more resource-driven, while Mexico has become a manufacturing hub, particularly in automotive and aerospace.
Canada has a GDP of $2.42T compared to Mexico's $2.03T, making it 1.2x larger. Canada's population is 41.3M vs Mexico's 130.9M. Across 12 key indicators, Canada leads in 6 categories. All data sourced from the IMF World Economic Outlook and World Bank World Development Indicators.
| Indicator |  Canada |  Mexico |
|---|---|---|
| GDP (USD) | $2.42T✓ | $2.03T |
| GDP per Capita | $58,244✓ | $15,111 |
| GDP Growth (%) | 1.5% | 1.5% |
| GDP per Capita (PPP) | $67,714✓ | $26,433 |
| Population | 41.3M | 130.9M✓ |
| Life Expectancy | 81.6 years✓ | 75.1 years |
| Inflation (%) | 2.0%✓ | 3.3% |
| Unemployment (%) | 6.6% | 3.1%✓ |
| Govt Debt (% GDP) | 113.0% | 59.9%✓ |
| Fertility Rate | 1.3 | 1.9✓ |
| Gini Index | 31.1✓ | 43.5 |
| CO₂ per Capita (t) | 14 | 3.6✓ |
Summary
Canada has a GDP of $2.42T compared to Mexico's $2.03T, making the former economy 1.2x larger. In terms of population, Canada has 41.3M people while Mexico has 130.9M. Across the 12 indicators compared, Canada leads in 6 and Mexico leads in 5.