Real GDP for the last decade
1. When looking at Mexico’s Real GDP for the last decade, they lacked the drops that other countries have as a result of the recession. I thought it might have something to do with the drop Mexico had in 1994. In 1994, Mexico had the Mexican Peso Crisis in which there was a sudden devaluation of the peso. This economic crisis may have somehow strengthened their economy in the long run to withstand the recession.
Real GDP per Capita for the last decade
2. Here also, in Mexico’s GDP per Capita, there has been no significant drops. It did begin to plateau in 2001, but they recovered from that in 2004.
3. As seen in the GDP growth rate of Mexico, in the last 16 years, they have had 3 significant drops. The biggest drop they have had on the entire graph happened around 1994 to 1995, again as a result of the big peso deflation crisis. Afterwards, their GD increased by quite a bit and after some fluctuation, in 2000, it had another big drop. The rate almost went negative and Mexico made a slow recovery from the drop. The rate has remained below 5%, since the drop, and the rate has been sinking ever since its recovery.
