The Mexican GDP contracted by 0.8% from the pervious quarter in the first quarter of 2026, erasing the 0.9% expansion from the final quarter of last year to overshoot the expectations that the economy would contract 0.5%. The contraction was in line with projections by the Bank of Mexico, that resumed their interest rate cutting cycle despite the aggressive rebound in inflation from March. Output contracted 1.4% for primary activities despite the surge in silver and energy prices. Meanwhile, production fell 1.1% for the secondary sector as manufacturers continued to adjust to tariffs from the US, cutting a key source of demand for auto producers. In turn, services output fell by 0.6%. The GDP inched higher by 0.1% from the previous year. source: Instituto Nacional de Estadística y Geografía (INEGI)

The Gross Domestic Product (GDP) in Mexico contracted 0.80 percent in the first quarter of 2026 over the previous quarter. GDP Growth Rate in Mexico averaged 0.50 percent from 1993 until 2026, reaching an all time high of 15.50 percent in the third quarter of 2020 and a record low of -18.90 percent in the second quarter of 2020. This page provides - Mexico GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Mexico GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on May of 2026.

The Gross Domestic Product (GDP) in Mexico contracted 0.80 percent in the first quarter of 2026 over the previous quarter. GDP Growth Rate in Mexico is expected to be 0.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Mexico GDP Growth Rate is projected to trend around 0.90 percent in 2027 and 0.50 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-02-23 12:00 PM
QoQ Final
Q4 0.9% 0.1% 0.8% 0.8%
2026-04-30 12:00 PM
QoQ Prel
Q1 -0.8% 0.9% -0.5% -0.3%
2026-05-22 12:00 PM
QoQ Final
Q1 0.9% -0.8%


Related Last Previous Unit Reference
Full Year GDP Growth 0.60 1.50 percent Dec 2025
GDP Growth Rate YoY 0.10 1.80 percent Mar 2026
GDP Constant Prices 25726611.61 25506365.19 MXN Million Dec 2025
GDP from Agriculture 994262.00 808625.00 MXN Million Dec 2025
GDP from Construction 1592660.00 1456198.00 MXN Million Dec 2025
GDP from Manufacturing 5109852.00 5191505.00 MXN Million Dec 2025
GDP from Mining 859843.00 841235.00 MXN Million Dec 2025
GDP from Public Administration 886572.00 833835.00 MXN Million Dec 2025
GDP from Services 15851536.00 15408887.00 MXN Million Dec 2025
GDP from Transport 1911561.00 1899356.00 MXN Million Dec 2025
GDP from Utilities 311108.00 331119.00 MXN Million Dec 2025
GDP Growth Rate -0.80 0.90 percent Mar 2026
Gross Fixed Capital Formation 5790402.90 5748012.21 MXN Million Dec 2025


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).
Actual Previous Highest Lowest Dates Unit Frequency
-0.80 0.90 15.50 -18.90 1993 - 2026 percent Quarterly
SA

News Stream
Mexico GDP Contracts More than Expected
The Mexican GDP contracted by 0.8% from the pervious quarter in the first quarter of 2026, erasing the 0.9% expansion from the final quarter of last year to overshoot the expectations that the economy would contract 0.5%. The contraction was in line with projections by the Bank of Mexico, that resumed their interest rate cutting cycle despite the aggressive rebound in inflation from March. Output contracted 1.4% for primary activities despite the surge in silver and energy prices. Meanwhile, production fell 1.1% for the secondary sector as manufacturers continued to adjust to tariffs from the US, cutting a key source of demand for auto producers. In turn, services output fell by 0.6%. The GDP inched higher by 0.1% from the previous year.
2026-04-30
Mexico Q4 GDP Revised Higher
The Mexican gross domestic product expanded by 0.9% from the previous quarter in the final three months of 2025, rebounding from the 0.3% contraction in the earlier period and revised higher from the preliminary estimate of 0.8% growth to mark the sharpest pace of expansion in over one year. The rebound reflected a degree of resilience in the Mexican economy after a trade war with the United States and uncertainty regarding supply chains and lower export demand due to tariffs triggered economic headwinds in the third quarter. Growth was supported by secondary and tertiary sectors, each expanding by 0.9% Conversely, primary activities contracted by 1.4%. For the full year, the Mexican GDP grew 0.6%, the least since the pandemic caused a global economic crisis in 2020.
2026-02-23
Mexico GDP Rebounds in Q4
The Mexican gross domestic product expanded by 0.8% from the previous quarter in the final three months of 2025, rebounding from the 0.3% contraction in the third quarter and ahead of market expectations of a 0.6% increase to mark the sharpest pace of growth in over one year. The rebound reflected a degree of resilience in the Mexican economy after a trade war with the United States and uncertainty regarding supply chains and lower export demand due to tariffs triggered economic headwinds in the third quarter. Growth was supported by secondary and tertiary sectors, each expanding by 0.9% Conversely, primary activities contracted by 2.7%. For the full year, the Mexican GDP grew 0.5%, the least since the pandemic caused a global economic crisis in 2020.
2026-01-30