The statistic depicts Mexico's gross domestic product (GDP) per capita from 1987 to 2020, with projections up until 2030. The GDP refers to the total market value of all goods and services that are produced within a country per year. It is an important indicator for the economic strength of a country. In 2020, Mexico's GDP per capita amounted to approximately 8,744.03 U.S. dollars. For further information, see Mexico's GDP. Economy of Mexico Mexico is the third largest economy in North America and is swiftly becoming a modernized nation with more industrial and service sectors to maintain and promote economic growth nationwide. Mexico is primarily an export-oriented economy and has seen constant growth in regards to the export of goods every year over the past decade, with the exception of 2009. Mexico is also considered to be one of the premier exporters in the world, exporting more goods and services than other export-prominent countries such as Saudi Arabia and India. Like many other industrial countries worldwide, Mexico experienced an economic downturn during the global financial crisis. Several indicators of Mexico’s economic slump would be a spike in unemployment as well as a significant drop in GDP in 2009. Additionally, inflation rates slightly increased over the course of 2 years. However, Mexico’s economy evidently recovered, in particular with its inflation rate, which reached a decade low, as well as its gross domestic product per capita, which attained decade high values, both in 2014.

At **** U.S. dollars, Switzerland has the most expensive Big Macs in the world, according to the January 2025 Big Mac index. Concurrently, the cost of a Big Mac was **** dollars in the U.S., and **** U.S. dollars in the Euro area. What is the Big Mac index? The Big Mac index, published by The Economist, is a novel way of measuring whether the market exchange rates for different countries’ currencies are overvalued or undervalued. It does this by measuring each currency against a common standard – the Big Mac hamburger sold by McDonald’s restaurants all over the world. Twice a year the Economist converts the average national price of a Big Mac into U.S. dollars using the exchange rate at that point in time. As a Big Mac is a completely standardized product across the world, the argument goes that it should have the same relative cost in every country. Differences in the cost of a Big Mac expressed as U.S. dollars therefore reflect differences in the purchasing power of each currency. Is the Big Mac index a good measure of purchasing power parity? Purchasing power parity (PPP) is the idea that items should cost the same in different countries, based on the exchange rate at that time. This relationship does not hold in practice. Factors like tax rates, wage regulations, whether components need to be imported, and the level of market competition all contribute to price variations between countries. The Big Mac index does measure this basic point – that one U.S. dollar can buy more in some countries than others. There are more accurate ways to measure differences in PPP though, which convert a larger range of products into their dollar price. Adjusting for PPP can have a massive effect on how we understand a country’s economy. The country with the largest GDP adjusted for PPP is China, but when looking at the unadjusted GDP of different countries, the U.S. has the largest economy.

The study, first of all, tested the hypothesis of “there is a relationship between democracy and FDI” to answer the research question raised at the beginning. The research sample was selected as BRICS-TM (Brazil, Russia, India, China, South Africa, Türkiye, Mexico) countries that have come to the fore in the world economy in recent years and whose strategic importance and power are expected to increase in the upcoming years. These countries were preferred because of their potential to attract FDI. FDI (LNFDI) was modeled as the dependent variable in this study. The democracy variable (DEMOC) was fictionalized as the independent variable. In addition, inflation (INF) and per capita income (PGDP) variables affecting FDI were added to the model as control variables based on the literature. First of all, the data on the indices of "political rights" and "civil liberties", which are accepted as indicators of "democracy" in the literature, were collected from the Freedom House database, and then the means of these indices were included in the analysis as values ​​for the variable of democracy. The index takes a value between 1 and 7; 1 is the best state of the level of democracy and 7 is the worst state of the level of democracy. Index values were attached to the model by scaling so that the minimum was 0 and the maximum was 100 in case of problems in analyses, calculation, and interpretation. In this study, inflation and income per capita variables were preferred in terms of both being the most preferred variables in the literature (details are given in Literature Review) and being the variables that affect foreign direct capital as the most inclusive in terms of macroeconomics.