Canada and Mexico recently faced off in the Concacaf Nations League semifinal on March 20, 2025, at SoFi Stadium in Inglewood, California. The match concluded with Mexico securing a 1-0 victory over Canada.
In terms of economic stature, Canada and Mexico are both significant players in the global market. According to the International Monetary Fund (IMF), Canada’s nominal GDP was approximately $2.14 trillion in 2023, positioning it as the 10th largest economy globally. Mexico’s nominal GDP stood at $1.79 trillion in the same year, making it the 12th largest. This data highlights that Canada’s economy is roughly 1.2 times the size of Mexico’s.
When examining GDP per capita, there’s a notable disparity between the two nations. In 2023, Canada’s GDP per capita was approximately $55,895, while Mexico’s was about $13,826. This indicates that, on average, Canadians have a significantly higher income compared to their Mexican counterparts.
These economic differences are further underscored by additional metrics. For instance, Canada’s unemployment rate was 5.4% in 2023, whereas Mexico’s was lower at 2.8%. However, Canada’s cost of living is higher, with a cost of living index at 89.94% (USA = 100%), compared to Mexico’s 60.23%. Moreover, average income levels are substantially higher in Canada, with Canadians earning an average of $54,040, while Mexicans earn about $11,980 on average.