Despite the global recession, Mexico’s middle class has significantly increased over the past few decades. According to a recent article in the Washington Post and International Monetary Fund data, “GDP per capita has increased from $7,357 in 1990 to $13,928 in 2010 [in Mexico], accounting for inflation.” In addition, according to Mexican government data, the percentage of Mexicans living in poverty have dropped from 80 percent in 1960 to 48 percent today. Endeavor believes that high-impact entrepreneurs have helped create this increase in GDP, growth in middle class and decrease in poverty levels in Mexico. High-impact entrepreneurs make outsized contributions to revenue growth. For example, Endeavor’s high-impact entrepreneurs generate revenue 3.3 times faster than comparable companies in Mexico, as seen in Endeavor’s Impact Dashboard. In turn, this outsized contribution to revenue creation generates GDP growth within a country. Most importantly, GDP growth helps individuals escape poverty and move into the middle class.
The below infographic further demonstrates the power of high-impact entrepreneurs to alleviate poverty and grow the middle class via GDP growth.