Written by Gyorgyi Macsai (Members’ Research Service) with Raffaele Ventura (GlobalStat, EUI).
This infographic provides insight into the economic performance of Canada and Mexico compared with the European Union (EU) and examines the trade dynamics between them. For 2024, the growth rate for Canada is expected to be at 1.3%, whereas Mexico is at 1.5%. The trend in inflation rates is continuing to decline, with estimates of 4.7% for Mexico and 2.6% for Canada. Overall trade relations between the EU, Canada, and Mexico have shown positive growth over the last two decades. Since 2020, both Canada and Mexico have seen a significant increase in imports and exports with the EU. Cumulatively, the EU member states are Canada’s and Mexico’s third largest trading partner in goods, representing 8% of their total trade. The other two main trading partners for Canada and Mexico are the US and China, which account for 63% and 9% of goods trade, respectively.
Read this infographic on ‘Canada and Mexico: Economic indicators and trade with EU‘ in the Think Tank pages of the European Parliament.
(annual change, %)
(at PPP 1 in thousands of international dollars)
(% of total labour force)
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