Canada vs Mexico
Canada vs Mexico: Inflation
Inflation in 2025: 2.1% a year in Canada and 3.8% a year in Mexico, by IMF estimates. In 2025 the value was higher in Mexico, by 1.7 percentage points, or 1.84 times that in Canada.
% a year · IMF
What the numbers say
- Mexico has been higher in every year both have figures for since 1980.
- In 2025, Canada ranked 115 and Mexico ranked 62 of 179 countries, counting from the highest.
- The IMF projection (World Economic Outlook, October 2026) puts Canada at 2% a year and Mexico at 3% a year in 2031.
Every year
% a year · IMF
| Year | Canada | Mexico |
|---|---|---|
| 2025 | 2.1 | 3.8 |
| 2024 | 2.4 | 4.7 |
| 2023 | 3.9 | 5.5 |
| 2022 | 6.8 | 7.9 |
| 2021 | 3.4 | 5.7 |
| 2020 | 0.7 | 3.4 |
| 2019 | 1.9 | 3.6 |
| 2018 | 2.3 | 4.9 |
| 2017 | 1.6 | 6 |
| 2016 | 1.4 | 2.8 |
| 2015 | 1.1 | 2.7 |
| 2014 | 1.9 | 4 |
| 2013 | 0.9 | 3.8 |
| 2012 | 1.5 | 4.1 |
| 2011 | 2.9 | 3.4 |
| 2010 | 1.8 | 4.2 |
| 2009 | 0.3 | 5.3 |
| 2008 | 2.4 | 5.1 |
| 2007 | 2.1 | 4 |
| 2006 | 2 | 3.6 |
| 2005 | 2.2 | 4 |
| 2004 | 1.9 | 4.7 |
| 2003 | 2.8 | 4.6 |
| 2002 | 2.3 | 5 |
| 2001 | 2.5 | 6.4 |
| 2000 | 2.7 | 9.5 |
| 1999 | 1.7 | 16.6 |
| 1998 | 1 | 15.9 |
| 1997 | 1.6 | 20.6 |
| 1996 | 1.6 | 34.4 |
| 1995 | 2.1 | 35.1 |
| 1994 | 0.2 | 7 |
| 1993 | 1.9 | 9.8 |
| 1992 | 1.5 | 15.5 |
| 1991 | 5.6 | 22.6 |
| 1990 | 4.8 | 26.7 |
| 1989 | 5 | 19.9 |
| 1988 | 4 | 113.5 |
| 1987 | 4.4 | 132 |
| 1986 | 4.2 | 86.5 |
| 1985 | 4 | 57.8 |
| 1984 | 4.3 | 65.4 |
| 1983 | 5.8 | 101.8 |
| 1982 | 10.8 | 59.1 |
| 1981 | 12.5 | 28 |
| 1980 | 10.2 | 26.5 |
IMF projection (World Economic Outlook, October 2026) · 2026–2031
| Year | Canada | Mexico |
|---|---|---|
| 2026 | 2.8 | 3.8 |
| 2027 | 2.4 | 3.6 |
| 2028 | 2 | 3.1 |
| 2029 | 2 | 3 |
| 2030 | 2 | 3 |
| 2031 | 2 | 3 |
Each country on its own
Good to know
- How much consumer prices rose in a year, on average.
- Source: IMF, World Economic Outlook, October 2026.
- The dashed line is the IMF projection (World Economic Outlook, October 2026), a scenario rather than a forecast.
- Ranks count the 179 countries with a value in 2025, highest first.
How the layers work, where their data comes from and what they can’t tell you: Countries through time
Canada vs Mexico
Health
- Life expectancyCanada: 82.6 years in 2023Mexico: 75.1 years in 2023
- Child mortalityCanada: 0.5 per 100 live births in 2024Mexico: 1.3 per 100 live births in 2024
- Infant mortalityCanada: 4.3 per 1,000 live births in 2023Mexico: 10.4 per 1,000 live births in 2023
- Safe drinking waterCanada: 99% in 2022Mexico: 43% in 2022
- DepressionCanada: 3.99% in 2017Mexico: 2.79% in 2017
- Suicide rateCanada: 10.9 per 100,000 people in 2017Mexico: 5.9 per 100,000 people in 2017
People
- PopulationCanada: 39.3 million people in 2023Mexico: 130 million people in 2023
- Population growthCanada: 1.22% a year in 2023Mexico: 0.88% a year in 2023
- Fertility rateCanada: 1.35 births per woman in 2023Mexico: 1.91 births per woman in 2023
- Urban populationCanada: 82.9% in 2025Mexico: 80% in 2025
- Median ageCanada: 40.3 years in 2023Mexico: 28.9 years in 2023
- People aged 65 and overCanada: 19.4% in 2023Mexico: 8% in 2023
- Net migration rateCanada: 11 per 1,000 people in 2023Mexico: -0.8 per 1,000 people in 2023
Economy
Education
Politics
Conflict
Military
- Military spendingCanada: 1.63% of GDP in 2025Mexico: 0.74% of GDP in 2025
- Military spending in US dollarsCanada: $37.5B in 2025Mexico: $13.8B in 2025
- Military spending per personCanada: $939 in 2025Mexico: $104 in 2025
- Military share of state spendingCanada: 3.7% of government spending in 2025Mexico: 2.5% of government spending in 2025
- Armed forces personnelCanada: 72,000 people in 2020Mexico: 341,000 people in 2020
- National powerCanada: 0.81% of world capability in 2022Mexico: 1.14% of world capability in 2022
- Armed forces, share of workersCanada: 0.35% of the labour force in 2020Mexico: 0.64% of the labour force in 2020
- Arms importsCanada: 83 million TIV in 2025Mexico: 9 million TIV in 2025
- Arms exportsCanada: 312 million TIV in 2025Mexico: 1 million TIV in 2019