The Mexican economy grew 0.3 percent on quarter in the three months to December of 2018, easing from a 0.8 percent expansion in the previous period, a preliminary estimate showed. The slowdown was mainly driven by a contraction in the industrial sector. 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.

GDP Growth Rate in Mexico is expected to be 0.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Mexico to stand at 0.60 in 12 months time. In the long-term, the Mexico GDP Growth Rate is projected to trend around 0.90 percent in 2020, according to our econometric models.

Mexico GDP Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-08-24 01:00 PM GDP Growth Rate QoQ Final -0.2% 1.0% 0% -0.1%
2018-10-30 02:00 PM GDP Growth Rate QoQ Prel 0.9% -0.2% 0.4%
2018-11-23 02:00 PM GDP Growth Rate QoQ Final 0.8% -0.1% 0.9% 0.9%
2019-01-30 02:00 PM GDP Growth Rate QoQ Prel 0.3% 0.8% 0.3% 0.7%
2019-02-25 02:00 PM GDP Growth Rate QoQ Final 0.8% 0.3% 0.3%
2019-04-30 01:00 PM GDP Growth Rate QoQ Prel 0.4%
2019-05-24 01:00 PM GDP Growth Rate QoQ Final 0.4%



Mexico GDP Growth Slows to 0.3% in Q4

The Mexican economy grew 0.3 percent on quarter in the three months to December of 2018, easing from a 0.8 percent expansion in the previous period, a preliminary estimate showed. The slowdown was mainly driven by a contraction in the industrial sector.

The industrial sector shrank 1.1 percent, after expanding 0.5 percent in the third quarter of 2018. Meantime, the services sector advanced 0.8 percent, the same pace as in the previous period and the primary sector accelerated 1.9 percent, following a 0.4 percent growth in Q3.

Year-on-year, the gross domestic product expanded 1.8 percent, slowing from a 2.5 percent increase in the prior period.

In 2018, the Mexican economy grew 2.0 percent over a year ago.


INEGI | Stefanie Moya | stefanie.moya@tradingeconomics.com
1/30/2019 2:19:27 PM



Mexico GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.30 0.80 3.20 -5.70 percent [+]
GDP Annual Growth Rate 1.80 2.50 9.00 -9.10 percent [+]
GDP 1149.92 1076.91 1314.39 13.04 USD Billion [+]
GDP Constant Prices 18610326.00 18457137.00 18610326.00 9736434.00 MXN Million [+]
Gross Fixed Capital Formation 3751715.65 3778904.08 3839534.10 1475314.61 MXN Million [+]
GDP per capita 9946.16 9871.67 9946.16 3047.11 USD [+]
GDP per capita PPP 17336.47 17206.63 17336.47 10456.94 USD [+]
GDP From Agriculture 491385.00 609144.99 690734.08 326544.91 MXN Million [+]
GDP From Construction 1288945.00 1286690.00 1349021.00 616361.00 MXN Million [+]
GDP From Manufacturing 2965041.00 2962075.00 2965041.00 1579762.00 MXN Million [+]
GDP From Mining 896682.00 911669.00 1339290.00 896682.00 MXN Million [+]
GDP From Public Administration 686638.84 747616.63 747616.63 552862.50 MXN Million [+]
GDP From Services 11628126.28 11763649.62 11825042.55 5606905.89 MXN Million [+]
GDP From Transport 1208225.00 1218568.00 1218568.00 557632.00 MXN Million [+]
GDP From Utilities 294583.00 276877.00 294583.00 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 February of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
0.30 0.80 3.20 -5.70 1993 - 2018 percent Quarterly
SA




Country Last Previous
United States 3.40 Sep/18
South Africa 2.20 Sep/18
China 1.50 Dec/18
India 1.50 Sep/18
Singapore 1.40 Dec/18
South Korea 1.00 Dec/18
Brazil 0.80 Sep/18
Spain 0.70 Dec/18
Canada 0.50 Sep/18
Netherlands 0.50 Dec/18
Australia 0.30 Sep/18
France 0.30 Dec/18
Japan 0.30 Dec/18
Mexico 0.30 Dec/18
Russia 0.30 Sep/18
Euro Area 0.20 Dec/18
United Kingdom 0.20 Dec/18
Germany 0.00 Dec/18
Saudi Arabia -0.05 Mar/18
Italy -0.20 Dec/18
Switzerland -0.20 Sep/18
Argentina -0.70 Sep/18
Turkey -1.10 Sep/18
Indonesia -1.69 Dec/18


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