🇲🇽 Mexico vs 🇧🇷 Brazil

Analysis

By total government debt, Mexico ranks 12th-largest and Brazil ranks 10th-largest among the 137 sovereigns tracked on this site.

On a per-citizen basis the picture can look different from the nominal totals: a resident's notional share of the national debt in Brazil is roughly 1.1× that in Mexico ($11,204 vs $9,803 per person).

The debt-to-GDP picture is asymmetric here: Brazil sits at 93% of GDP, well above Mexico's 62%, meaning Brazil owes far more relative to the size of its own economy — even where the nominal, dollar-for-dollar comparison above suggests otherwise.

The gap between them is widening: Brazil's debt is growing faster in dollar terms ($13K/sec vs $6K/sec for Mexico), adding roughly $600,134,400 to the difference each day.

Scale is part of the story too: Brazil's population (215M) is about 1.7× Mexico's (129M), which is part of why the nominal and per-capita comparisons above can point in different directions — a government's debt load scales loosely with the size of both its economy and its population, not either alone.

Mexico and Brazil are both grouped under this site's “Americas” region, so this is, in effect, an intra-regional comparison as well.

This analysis is generated automatically from live data as an educational orientation, not financial advice — see the methodology page for definitions and caveats.