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November 29, 2022
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Mexico beats Saudi Arabia in size of economy, but loses in inflation

Mexico beats Saudi Arabia in size of economy, but loses in inflation

However, the trend changes when comparing capita GDP (monetary value of the economy divided by its population), since Arabia is more than double its Mexican counterpart. In addition, the nation where Abdulrahaman Ghareeb plays has inflation of 3% at the annual rate at the end of October, a figure much lower than the 8.4% in Mexico.

Mexico and Saudi Arabia: oil

This year, high oil prices benefited both nations. Until November 21, the price per barrel of the Organization of the Petroleum Exporting Countries had increased 16.19% in the last 12 months.

The Mexican mix, for its part, was around 74 dollars per barrel, far from its maximum reached in March, of 119 dollars per barrel, due to the conflict in Ukraine.

Pemex, for Mexico, and Aramco, for the Saudi kingdom, play key roles in the supply of crude oil worldwide. But Saudi Arabia, as one of the leading members of OPEC, has a greater say in world crude oil prices and production levels.

on the court

Arabia’s shirt is a Nike brand, while the team led by Tata Martino is Adidas.

Abdulrahaman Ghareeb is the most valuable Arab player in the national team, with 3 million euros, a figure less than Edson Álvarez’s 35 million.

With information from Octavio Torres



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