Mexico GDP Growth Rate  1993-2018 | Data | Chart | Calendar | Forecast

The Mexican gross domestic product advanced 1.1 percent on quarter in the first three months of 2018, compared to an upwardly revised first estimate of 0.9 percent and market forecasts of a 0.95 percent rise. It was the strongest expansion since the third quarter of 2016, mainly boosted by gains in services and industry while the agricultural sector grew less. GDP Growth Rate in Mexico averaged 0.61 percent from 1993 until 2018, reaching an all time high of 3.20 percent in the third quarter of 2009 and a record low of -5.70 percent in the first quarter of 1995.

Mexico GDP Growth Rate
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Mexico GDP Growth Revised Up to 1.1% QoQ in Q1


The Mexican gross domestic product advanced 1.1 percent on quarter in the first three months of 2018, compared to an upwardly revised first estimate of 0.9 percent and market forecasts of a 0.95 percent rise. It was the strongest expansion since the third quarter of 2016, mainly boosted by gains in services and industry while the agricultural sector grew less.

Services boosted growth, advancing 1.1 percent, slightly below a preliminary reading of 1.2 percent and at the same pace as in the fourth quarter. Meantime, industrial production grew 0.9 percent, compared to an earlier estimate of 0.7 percent and above a revised 0.2 percent gain in Q4. The utilities sector rebounded (0.7 percent vs -0.2 percent in Q4) and construction grew significantly (2.8 percent vs 1.1 percent). On the other hand, manufacturing showed no growth (from 0.4 percent in Q4) and mining and quarrying contracted (-0.9 percent, the same pace as in Q4).

Conversely, the agricultural sector rose 0.9 percent, compared to a preliminary figure of 0.8 percent but well below an upwardly revised 2.8 percent growth in Q4.

Year-on-year, the GDP expanded 1.3 percent, the weakest growth since the last quarter of 2013, above a preliminary figure of 1.2 percent and slowing from a 1.5 percent rise in the previous quarter. It compares with market expectations of 1.35 percent. 


INEGI | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
5/23/2018 1:41:35 PM



Calendar GMT Actual Previous Consensus TEForecast
2018-02-23 02:00 PM GDP Growth Rate QoQ Final 0.8% -0.2% 0.9% 1%
2018-04-30 01:00 PM GDP Growth Rate QoQ Prel 1.1% 0.8% -0.30%
2018-05-23 01:00 PM GDP Growth Rate QoQ Final 1.1% 0.9% 0.95% 0.9%
2018-07-31 01:00 PM GDP Growth Rate QoQ Prel 1.1% 0.90%
2018-08-24 01:00 PM GDP Growth Rate QoQ Final
2018-10-30 02:00 PM GDP Growth Rate QoQ Prel 1.1%


Mexico GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.10 0.90 3.20 -5.70 percent [+]
GDP Annual Growth Rate 1.30 1.50 9.00 -9.10 percent [+]
GDP 1046.92 1152.26 1298.46 13.06 USD Billion [+]
GDP Constant Prices 18500051.00 18293694.00 18500051.00 9737570.00 MXN Million [+]
Gross Fixed Capital Formation 3688507.74 3726049.54 3839009.78 1480440.16 MXN Million [+]
GDP per capita 9707.10 9613.00 9707.10 3686.39 USD [+]
GDP per capita PPP 16831.10 16667.80 16831.10 12584.50 USD [+]
GDP From Agriculture 564856.27 695814.46 695814.46 326544.91 MXN Million [+]
GDP From Construction 1294645.00 1331383.00 1348313.00 616361.00 MXN Million [+]
GDP From Manufacturing 2868082.00 2892864.00 2905043.00 1579762.00 MXN Million [+]
GDP From Mining 914464.00 900706.00 1339290.00 900706.00 MXN Million [+]
GDP From Public Administration 700814.40 724649.53 727212.69 552862.50 MXN Million [+]
GDP From Services 11305021.43 11826733.38 11826733.38 5606905.89 MXN Million [+]
GDP From Transport 1162121.00 1183707.00 1183707.00 557632.00 MXN Million [+]
GDP From Utilities 249595.00 265810.00 287248.00 93738.00 MXN Million [+]


Mexico GDP Growth Rate

In Mexico, services account for 62 percent of total GDP. The biggest segments within services are: wholesale and retail trade (16 percent); real estate (10 percent); transport, warehousing and communications (7 percent) and financial services and insurance (6 percent). Industry constitutes 18 percent of output and the largest segments within this sector are: automobile industry (4 percent of total GDP) and food industry (3.8 percent). The remaining share is divided by: construction, water, gas and electricity distribution (8 percent), mining (5 percent), government (4 percent ) and agriculture, forestry, fishing and hunting (3 percent). This page provides - Mexico GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Mexico GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on June of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
1.10 0.90 3.20 -5.70 1993 - 2018 percent Quarterly
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GDP growth rate by Country
Country Last
United States 2.20 Mar/18
Turkey 2.00 Mar/18
India 1.90 Mar/18
China 1.40 Mar/18
Mexico 1.10 Mar/18
Australia 1.00 Mar/18
South Korea 1.00 Mar/18
Spain 0.70 Mar/18
Switzerland 0.60 Mar/18
Netherlands 0.50 Mar/18
Brazil 0.40 Mar/18
Euro Area 0.40 Mar/18
Canada 0.30 Mar/18
Germany 0.30 Mar/18
Italy 0.30 Mar/18
France 0.20 Mar/18
United Kingdom 0.10 Mar/18
Japan -0.20 Mar/18
Russia -0.38 Dec/17
Indonesia -0.42 Mar/18


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