What is the GNP of Mexico as of 2014?

Answer 1

GNP is a metric no longer used among economists. Nowadays, Gross Domestic Product (GDP) is used instead; for Mexico, in nominal terms (direct conversion of Mexican pesos into US Dollars) GDP for 2014 was USD 1.29 trillion.

GDP in nominal terms can be misleading; many economists also use GDP in terms of Purchase Power Parity (PPP), meaning GDP is measured using a basket of products valued at prevailing prices found in the US. For instance, a hamburger may cost $ 4.79 in the US, but due to internal market and production effects, it costs $3.35 in Mexico. Hence, the actual Mexican currency is undervalued and GDP should be higher. Nowadays, Mexican GDP (PPP for 2014) is USD 2.14 trillion.