Americas Alliance Economies

Familiarize yourself with some of the basic facts and figures of these four powerhouse economies—all strong trading partners both north and south of the equator.

Brazil

Mexico

Canada

United States

Brazil

Brazil boasts the largest population in Latin America and the fifth in the world. A global melting pot, Brazil is a blend of early and recent immigrants from Portugal, Africa, Europe, the Middle East, Japan and Asia. Over 80 percent of the population lives in urban areas, predominantly in the south.

Brazil has one of the most advanced and diverse industrial sectors in Latin America, including automobiles and parts, machinery and equipment and textiles. This vibrant country has earned a reputation as a leader in environmental responsibility with companies at the leading edge of leveraging environmental programs to gain competitive advantage. About 90 percent of large companies, mostly with ties to multinational groups, had instituted environmentally responsible programs by 2004.

Mexico

Mexico is the second most-populous country in Latin America after Brazil. The population is predominantly native Mestizo with a significant portion of Amerindian; more than 75 percent live in urban areas situated primarily in the center of the country.

Sharing a border with the U.S. of more than 2,000 miles, Mexico has a logical and long history of cross-pollination with the U.S. The United States is home to over 10 million first-generation Mexicans; in return, Mexico has provided a home for U.S. manufacturing jobs, with about 10 percent of formal sector jobs in assembly plants near the U.S./Mexico border.

An interesting facet of the Mexican economy is the preponderance of family-owned businesses. With the introduction of NAFTA, this landscape is changing; as family-owned businesses are looking to grow and become players in the global market, they are adopting more traditional ownership forms or entering into partnerships with transnational companies.

Canada

With the equivalent of $1.6 billion (U.S.) in goods crossing the border every day, Canada and the United States boast the world's largest and most comprehensive trading relationships. Canada is the leading export market for the U.S., accepting more goods than the 27 EU countries combined. Conversely, Canada is the single largest foreign supplier of energy to the U.S., providing approximately 20 percent of oil and 18 percent of natural gas imports.

A relatively affluent society, Canada offers a market-oriented system similar to that of the U.S. Combined with low tax rates, its strategic location as the crossroads between North America and Asia, and a sophisticated transportation infrastructure, Canada has been named the #1 place to do business in the G7 through the year 2014 by the Economic Intelligence Unit.

United States

Slightly larger than China and almost two and a half times the size of the European Union, the United States is bordered to the north by Canada and to the south by Mexico, two of its largest trading partners.  Slightly over 80 percent of Americans live in urban areas; 47 of the 50 fastest-growing metro areas are located in the South or West.

As a market economy with strict regulatory oversight, the country is balanced between privately held and publicly traded companies. The United States has the largest GDP in the world, comprising approximately 24 percent of the gross world product. A relatively affluent society, the country ranks ninth in the world in per capita GDP. The U.S. is the largest importer of goods in the world and the third largest exporter.

Data Sources

CIA World Factbook
IHS Global Insight
IMF (International Monetary Fund)
Knowledge@Wharton
Population Reference Bureau
U.S. Bureau of Economic Analysis
U.S. Department of State
UniWorld