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

The Mexican economy advanced 0.8 percent on quarter in the last three months of 2017, rebounding from a downwardly revised 0.2 percent contraction in the previous period but below initial estimates of a 1 percent growth. Still, it is the strongest expansion in four quarters as services and agriculture grew strongly while industrial output contracted. GDP Growth Rate in Mexico averaged 0.61 percent from 1993 until 2017, reaching an all time high of 2.90 percent in the fourth quarter of 1996 and a record low of -5.80 percent in the first quarter of 1995.

Mexico GDP Growth Rate
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Mexico GDP Growth Revised Down in Q4


The Mexican economy advanced 0.8 percent on quarter in the last three months of 2017, rebounding from a downwardly revised 0.2 percent contraction in the previous period but below initial estimates of a 1 percent growth. Still, it was the strongest expansion in four quarters as growth in agriculture and services was enough to offset a contraction in industry.

Services were main driver of growth, expending 1 percent, below 1.2 percent reported in a preliminary estimate but compared to no growth in the third quarter. Also, agriculture grew 2.1 percent, below 3.1 percent in a preliminary estimate but following a 1.5 percent rise in Q3. 

Industrial output edged down 0.1 percent, extending losses for the third quarter and below 0.1 percent rise in the preliminary estimate. The contraction slowed for mining and quarrying (-1.1 percent versus -4.7 percent) and utilites (-0.2 percent versus -0.4 percent). On the other hand, construction rebounded (0.4 percent compared to -0.3 percent) and manufacturing rose slightly faster (0.7 percent compared to 0.5 percent). 

Year-on-year, the GDP rose 1.5 percent, the least since the last quarter of 2013, and below an upwardly revised 1.6 percent rise in the third quarter and initial estimates of 1.8 percent.

Considering full 2017, the economy grew 2 percent, the least since 2013 and below 2.1 percent in the previous estimate and 2.9 percent in 2016.


Joana Taborda | joana.taborda@tradingeconomics.com
2/23/2018 4:21:33 PM


Recent Releases

Mexico GDP Grows 1% QoQ in Q4
The Mexican economy expanded 1 percent on quarter in the last three months of 2017, recovering from a 0.3 percent contraction in the previous period. It is the strongest growth rate in a year, preliminary estimates showed.
Published on 2018-01-30

Mexico GDP Shrinks More than Expected in Q3
The Mexican economy contracted 0.3 percent on quarter in the third quarter of 2017, worse than a preliminary estimate of a 0.2 percent decline and compared to a downwardly revised 0.3 percent increase in the previous quarter. Manufacturing declined more than expected, final figures showed. It was the first contraction since the fourth quarter of 2015.
Published on 2017-11-24

Mexico GDP Shrinks For First Time in Over 4 Years
The Mexican economy contracted 0.2 percent on quarter in the third quarter of 2017, following a 0.6 percent rise in the previous period. Industry and services were the main contributors to the decline, preliminary estimates showed. It was the first contraction since the second quarter of 2013, after the country was hit by two devastating earthquakes in September and also hurricanes.
Published on 2017-10-31

Mexico GDP Growth at 1-Year Low of 0.6% in Q2
The Mexican economy advanced 0.6 percent on quarter in the three months to June of 2017, in line with the preliminary reading but slowing slightly from a 0.7 percent rise in the previous quarter. The services sector was the main driver of growth while industrial production stalled and the primary sector shrank, final estimates showed.
Published on 2017-08-22



Calendar GMT Actual Previous Consensus TEForecast
2017-11-24 02:00 PM GDP Growth Rate QoQ Final -0.3% 0.3% -0.2% -0.2%
2018-01-30 02:00 PM GDP Growth Rate QoQ Prel 1% -0.3% 0.50%
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 0.8% -0.30%
2018-05-23 01:00 PM GDP Growth Rate QoQ Final 0.8%
2018-07-31 01:00 PM GDP Growth Rate QoQ Prel 0.90%


Mexico GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.80 -0.20 2.90 -5.80 percent [+]
GDP Annual Growth Rate 1.50 1.60 9.00 -9.10 percent [+]
GDP 1046.92 1152.26 1298.46 13.06 USD Billion [+]
GDP Constant Prices 18265652.00 18124035.00 18265652.00 9744962.00 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 697654.62 486853.22 697654.62 326544.91 MXN Million [+]
GDP From Construction 1331340.00 1276678.00 1348470.00 616361.00 MXN Million [+]
GDP From Manufacturing 2884762.00 2897757.00 2897757.00 1579762.00 MXN Million [+]
GDP From Mining 902917.00 911459.00 1339290.00 902917.00 MXN Million [+]
GDP From Public Administration 728227.58 686229.64 731016.84 552862.50 MXN Million [+]
GDP From Services 11838138.28 11276276.31 11838138.28 5606905.89 MXN Million [+]
GDP From Transport 1187303.00 1160950.00 1187303.00 557632.00 MXN Million [+]
GDP From Utilities 265810.00 286066.00 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 April of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
0.80 -0.20 2.90 -5.80 1993 - 2017 percent Quarterly
SA




GDP growth rate by Country
Country Last
United States 2.90 Dec/17
India 1.80 Dec/17
Turkey 1.80 Dec/17
China 1.40 Mar/18
Mexico 0.80 Dec/17
Netherlands 0.80 Dec/17
France 0.70 Dec/17
Spain 0.70 Dec/17
Euro Area 0.60 Dec/17
Germany 0.60 Dec/17
Switzerland 0.60 Dec/17
Australia 0.40 Dec/17
Canada 0.40 Dec/17
Japan 0.40 Dec/17
United Kingdom 0.40 Dec/17
Italy 0.30 Dec/17
Brazil 0.10 Dec/17
South Korea -0.20 Dec/17
Russia -0.38 Dec/17
Indonesia -1.70 Dec/17


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