Russia ruble decoupled from Brent crude following U.S. sanctions. Munis with a shorter duration, as I’ve explained in the past, have a history of being steady growers not just in times of rising rates but also during market downturns. Texans, therefore, enjoy a gross domestic product (GDP) per capita of around $58,000, whereas Russians have one closer to $8,700. In 2017, Mexico's GDP was 1.15 trillion, compared to Canada's 1.68 trillion. U.S. government is expected to start spending more on interest than defense in 2023. And the ability to hydraulically fracture lessens the United States’ reliance on global energy markets and Middle Eastern stability, something that was not true a decade ago.  These are known as remittances, and Mexico's remittances added up to more than $26 billion in 2017, according to CNN. Visit MarketsInsider.com for more stories. Annual percentage growth rate of GDP at market prices based on constant local currency. Mexico is currently the eleventh-largest economy in the world, and it may surprise. It has a robust agricultural sector, and it’s a leading hub for advanced technology and manufacturing, aeronautics, biotechnology and life sciences. This does not mean that we are sponsored, recommended, or approved by the SEC, or that our abilities or qualifications in any respect have been passed upon by the SEC or any officer of the SEC. Russia's economy was the eleventh largest in the world. It is the 8th largest in terms of GDP, and the 6th in The city sinks about three feet a year, and in fact has already dropped more than 32 feet in the last 60 years. Global Investors, an investment advisor that manages no-load mutual funds including the Global Resources Fund (PSPFX), the World Precious Minerals Fund (UNWPX) and the Gold and Precious Metals Fund (USERX).   That's using purchasing power parity which compensates for government manipulation of exchange rates. But Mexico still trails its North American partner Canada in terms of gross domestic product. This so-called “middle-income trap” is unforgiving, but the middle-income trap is not a middle-income decline. Meanwhile, Russia’s population is slowly shrinking because of low birth rates and low immigration. Its economic power translates poorly to the country's populace, almost half of which live in poverty. As recently as 2005, Mexico produced 3.8 million barrels a day, making it the fifth-largest producer in the world, behind only Saudi Arabia, Russia, the United States, and Iran. If you think Texas—or any other state—has a corruption problem, Russia takes it to a whole new level. By 2030, China may find itself in a similar position to where Japan is today—a significant global economic player going nowhere quickly while aging rapidly. Annual percentage growth rate of GDP at market prices based on constant local currency. Disclaimer | The two primary headwinds for China maintaining are the need to reform its banking system, and the pivot to a more consumer-driven society. According to the U.S. National Debt Clock, government debt now stands at over $21 trillion—or, put another way, $174,000 per taxpayer. Country comparison Russia vs Mexico 2020 Country comparison, you can compare any two countries and see the data side by side. Accurate tallies are difficult to come by when it comes to Mexico's drug war. The FTSE Nareit All Equity REITs Index is a free-float adjusted, market capitalization-weighted index of U.S. equity REITs. Certain materials in this commentary may contain dated information. It's worth noting that Mexico's population of about 126 million is more than four times that of Canada. In the past 20 years, the stock market has undergone two massive declines, and in both cases, short-term, investment-grade munis—those carrying an A rating or higher—helped investors stanch the losses. Texas is no slouch, though, as its output came close to 4 million bpd in January. Economy - overview: This entry briefly describes the type of economy, including the degree of market orientation, the level of economic development, the most important natural resources, and the unique areas of specialization. Global Investors. Last year, the US imported $93 billion worth of cars and car parts from Mexico. Granted, it is currently well behind Russia and Brazil. Japan and Germany, meanwhile, are in far more tenuous positions, with Russia, Brazil and Indonesia on their heels and the dark horse, Mexico, not too far behind either. Impact 50: Investors Seeking Profit — And Pushing For Change, Roger Gibson’s thoughts on asset allocation. The BRICS as a group of nations touted by the World Bank and the IMF as the next group of global superpowers with the potential to surpass existing economic champions. Trade with the United States and Canada has tripled since NAFTA's signing in 1994. As defined by the Mexican government, about 33% of the population lives in "moderate poverty" and another 9% lives in "extreme poverty." Let’s compare its economy with that of Russia, the world’s largest country by area. Both nations are members of the Asia-Pacific Economic Cooperation, G-20 major economies and the United Nations History. On a final note, I think it’s important that investors remember to stay diversified, especially now with volatility hitting stocks and geopolitical uncertainty on the rise. Neither is simple to address on its own, never mind in tandem. So, this leaves us primarily with the status quo. But back to the comparison. The vast majority of that money comes from the US, and in fact, Mexico is the largest recipient of remittances from the US. For the 30-day period, the greenback has dipped close to 20 basis points—for the year, more than 11 percent. All rights reserved. Without the current account surplus, Germany would be forced to wade through a painful rebalancing of its economy. Gold is one such asset that’s been a good store of value in such times. While unlikely to resemble the United States, the EU will probably still be around in one form or another, and the German economy will remain a dominant force. Migrant workers and other immigrants often send money home via international money transfers. Since its launch in 1998, it has emerged as a leading benchmark of commodity markets. This isn't a unique problem - a number of cities worldwide are at risk as water tables are depleted - but Mexico City is in crisis as the city runs out of affordable drinking water while simultaneously contending with simultaneous infrastructure and ecological crises. I’m a Toronto-transplant who is currently the CEO and chief investment officer for San-Antonio based U.S. I think what’s also driving the yellow metal right now are concerns over the U.S. budget deficit and ballooning government debt. For Germany, a deciding factor on who rounds out the top five will be the extent of the deepening of economic integration within the European Union (and whether or not it is considered an economy on its own) or whether it weakens or dissolves.