Is Mexico richer than China?
Mexico’s per capital GDP in 2011 was $15,100, compared to $8,400 in China, $3,700 in India, and $11,600 in Brazil. According to the World Bank’s most recent statistics, 5.2 percent of Mexicans live on less than $2 per day, compared to 29.8 percent in China, 10.8 percent in Brazil, and 68.7 percent in India.
Is China a more or less developed country?
China is the largest developing country in the world. China is still considered a developing country based on the criteria of the World Bank and the United Nations. Despite being a developing country, China hosts the world’s second-largest economy.
Is Mexico rich than India?
Mexico has a GDP per capita of $19,900 as of 2017, while in India, the GDP per capita is $7,200 as of 2017.
Is Mexico cheaper than China?
Costs Might Be The Same Mexico’s wages are 40 percent higher than China’s, at about $3.50 an hour. As a result, overall production costs are comparable in the countries, once you factor in Mexico’s lower transport and customs cost.
Is Mexico richer than India?
Why is China still considered a developing country?
China is the largest developing country in the world. China is still considered a developing country based on the criteria of the World Bank and the United Nations. Despite being a developing country, China hosts the world’s second-largest economy. China is the largest developing country in the world. But why is China still considered
What are the 10 most developed countries in the world?
1 Australia. GDP per Capita (2019): $55,057.2 17 … 2 Belgium. GDP per Capita (2019): $46,345.4 17 … 3 Brazil 4 Canada. Canada is a developed country. 5 China 6 France. France is a developed country. 7 Germany. Germany is a developed country. 8 India. 9 Indonesia. 10 Italy.
Is the United States a developed or developing country?
The United States is a developed country. As of 2019, the United States was the wealthiest country on Earth in terms of total GDP, which is nearly 16\% of the world’s entire wealth.
Which is the richest developed country in the World 2019?
The United States was the richest developed country on Earth in 2019, with a total GDP of $21,433.23 billion. China was the richest developing country on Earth in 2019, with a total GDP of $14,279.94 billion.