Australia and Mexico Economies: A Side-by-Side Table Comparison

In comparing Australia and Mexico, we see distinct differences. Australia’s population is about five times smaller, yet its land is nearly four times larger. Economically, Australia has a higher GDP and GDP per capita, while Mexico faces greater income inequality. Australia invests significantly more in defense and imports less relative to its economy, while Mexico excels in advanced exports.

Basic Indicators

Indicator	Australia	Mexico	Comparison
Population source (2022 data), updated 2024	26.01 million (54th)	127.50 million (10th)	Australia’s population is approximately 5 times smaller than Mexico’s.
Surface area (sq. km) source (2022 data), updated 2024	7.74 million sq. km (6th)	1.96 million sq. km (13th)	Australia is 3.94 times larger than Mexico.
GDP source (2022 data), updated 2024	1,692.96B USD (12th)	1,465.85B USD (14th)	Australia’s total GDP is approximately 1.15 times larger than Mexico’s.
GDP per capita source (2022 data), updated 2024	$65,100 (13th)	11,497 USD (71st)	Australia’s GDP per capita is roughly 468% higher than Mexico’s, with Australians producing about $53,603 more per person annually.

Economic Indexes

Index	Australia	Mexico	Comparison
HDI (Human Development Index) source (2022 data), updated 2024	0.946 (10th)	0.781 (73rd)	Australia’s HDI is 0.946 (very high), while Mexico’s is 0.781 (high). Australia’s score is 0.165 higher, indicating significantly better human development overall.
Index of Economic Freedom source (2024 data)	76.2 (12th)	62 (61st)	Australia’s Index of Economic Freedom is 22% higher than Mexico’s, 14.2 points more.
GINI source (2022 data), updated 2024	34.3 (2018 est.)	45.4 (2020 est.)	With a 32% higher Gini coefficient, Mexico has a higher degree of income inequality than Australia.

International trade _{source(2023 data), updated 2024}

Indicator	Australia	Mexico
Total imports	363.57B USD	673.83B
Imports % of GDP	19.71%	45.47%
Main import partners	China 28%, US 10%, South Korea 6%, Japan 6%, Singapore 5%	US 56%, China 17%, Germany 3%, South Korea 3%, Japan 2%
Main import items	refined petroleum, cars, garments, trucks, plastic products	refined petroleum, vehicle parts/accessories, machine parts, integrated circuits, natural gas
Total exports	447.51B USD	649.31B
Exports % of GDP	25.43%	42.64%
Main export Partners	China 29%, Japan 19%, South Korea 10%, India 7%, Taiwan 6%	US 77%, Canada 4%, China 2%, Taiwan 1%, South Korea 1%
Main export items	coal, iron ore, natural gas, gold, wheat	cars, computers, vehicle parts/accessories, crude petroleum, trucks

Australia’s imports are about half of Mexico’s, and Australia imports 56% less of its GDP compared to Mexico. Australia’s exports are $447.51B, focusing on raw materials, while Mexico’s $649.31B exports are more advanced, like cars and computers.

Military Power _{source (2023 data), updated 2024}

Indicator	Australia	Mexico
Military expenditure	32.3B USD	11.8B USD
Military expenditure (% of GDP)	1.90%	0.61%
Active military	59k	216k
Active military per 1,000 capita	3.8	3.3

Australia’s military expenditure is approximately 173% larger and $20.5 billion higher than Mexico’s, with Australia also allocating a significantly greater portion of its GDP to defense compared to Mexico.