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Brazil has a bigger GDP than the UK now if that means anything to the argument here?
The International Monetary Fund predicts that Brazil has just passed UK this year (using purchasing power parity). But using nominal exchange rates, UK would be well ahead of Brazil. Brazil isn't even close on a per capita basis.
IMF projections for PPP five years into the future has China passing USA, and Mexico and South Korea passing Italy. GDP in PPP is expressed as percentage of the World. Note that every country on this list loses some percentage, except China and India. Mexico and South Korea simply lose less than Italy.
Year 2012 2017
USA 18.65% 17.88%
China 15.64% 18.30%
India 5.83% 6.38%
Japan 5.45% 4.81%
Germ. 3.76% 3.34%
Russ. 3.04% 2.99%
Brazil 2.87% 2.85%
U.K. 2.73% 2.55%
Fran 2.64% 2.37%
Italy 2.13% 1.87%
Mex 2.12% 2.04%
Korea 1.96% 1.93%
Can 1.72% 1.60%
Spain 1.62% 1.45%
Total 70.16% 70.34%
Last edited by PacoMartin; 12-30-2012 at 01:08 AM..
You must not have watched much Top Gear. They routinely take jabs at other countries/nationalities. It's part of their schtik. So don't go thinking they've singled out Mexico for special mistreatment. Jeremy in particular is a smug prick about pretty much everything.
The UK's economy is actually larger than Brazil's economy again, but it's short-lived, Brazil will overtake the UK again by 2014.
The economies are so close in size, that the IMF, CIA, World Bank have slightly different estimates.
Predictions of future GDP depend a lot on population. By 2050 the UK is predicted to have the same population as Germany. Mostly because UK is open to immigration, while Germany will drop in population.
Italy is predicted to be stable in population, but Mexico will add 33 million people. Beyond 2050 Mexico is predicted to plateau and may never go over 150 million. But it is virtually impossible to predict immigration patterns that far into the future.
Germany
2012 81,305,856
2050 71,541,906
France
2012 65,630,692
2050 69,484,481
United Kingdom
2012 63,047,162
2050 71,153,797
Italy
2012 61,261,254
2050 61,415,852
Mexico
2012 114,975,406
2050 147,907,650
Long term predictions in many ways can be taken with grain of salt. In the early 1980's no one could have theoretically predicted the massive drop in birth rate and the huge increase of death rate of Russia after the Soviet Union collapsed.
The International Monetary Fund predicts that Brazil has just passed UK this year (using purchasing power parity). But using nominal exchange rates, UK would be well ahead of Brazil. Brazil isn't even close on a per capita basis.
IMF projections for PPP five years into the future has China passing USA, and Mexico and South Korea passing Italy. GDP in PPP is expressed as percentage of the World. Note that every country on this list loses some percentage, except China and India. Mexico and South Korea simply lose less than Italy.
Year 2012 2017
USA 18.65% 17.88%
China 15.64% 18.30%
India 5.83% 6.38%
Japan 5.45% 4.81%
Germ. 3.76% 3.34%
Russ. 3.04% 2.99%
Brazil 2.87% 2.85%
U.K. 2.73% 2.55%
Fran 2.64% 2.37%
Italy 2.13% 1.87%
Mex 2.12% 2.04%
Korea 1.96% 1.93%
Can 1.72% 1.60%
Spain 1.62% 1.45%
Total 70.16% 70.34%
Its the per capita that's important, combined with infrastructure, mobility, healthcare etc etc etc. China has a huge GDP that will surpass the US within 5 years or so but it's per capita isn't even remotely comparable.
Mexico's may indeed pass the UK but that's about all it could brag about. I can't think of a single thing I would prefer about living in Mexico over the UK..
Its the per capita that's important, combined with infrastructure, mobility, healthcare etc etc etc. China has a huge GDP that will surpass the US within 5 years or so but it's per capita isn't even remotely comparable.
Mexico's may indeed pass the UK but that's about all it could brag about. I can't think of a single thing I would prefer about living in Mexico over the UK..
How about the sun, the weather, the beaches, and the food?
Anyhow, if this cartel crackdown really is supposed to be the rough patch before they have their backs broken for good, then I can see things going pretty swell for Mexico very quickly. Mexico's had incredible economic growth and pulled a lot of its population into the middle class. Per capita-wise, it's doing worlds better than more often mentioned large developing economies such as China, Brazil, and India. The country still has ample natural resources without the huge overpopulation crush and has incubated a good pool of human resources. What's more, it's the largest of the spanish speaking countries and that segment of the world as a whole has been seeing a stronger presence in all forms of media and academia.
How about the sun, the weather, the beaches, and the food?
Anyhow, if this cartel crackdown really is supposed to be the rough patch before they have their backs broken for good, then I can see things going pretty swell for Mexico very quickly. Mexico's had incredible economic growth and pulled a lot of its population into the middle class. Per capita-wise, it's doing worlds better than more often mentioned large developing economies such as China, Brazil, and India. The country still has ample natural resources without the huge overpopulation crush and has incubated a good pool of human resources. What's more, it's the largest of the spanish speaking countries and that segment of the world as a whole has been seeing a stronger presence in all forms of media and academia.
The weather most definately! not so sure about the beaches and food though!!
The weather in Mexico does not appeal to me at all, and the post by OyCrumbler assumes that everyone enjoys year-round hot weather with glaring sunshine, which I don't, and I know few people who do.
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