Mexico GDP Growth Rate

The Mexican economy advanced 0.9 percent on quarter in the three months to September of 2018, reversing from a 0.2 percent contraction in the previous period, a preliminary estimate showed. Both the industrial sector and the primary sector recovered and services grew faster. 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 0.70 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.

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Calendar	GMT		Actual	Previous	Consensus	TEForecast
2018-07-31	01:00 PM	GDP Growth Rate QoQ Prel	-0.1%	1.1%		1.3%
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		-0.2%	0.9%	0.9%

Mexico Economy Returns to Growth in Q3

The Mexican economy advanced 0.9 percent on quarter in the three months to September of 2018, reversing from a 0.2 percent contraction in the previous period, a preliminary estimate showed. Both the industrial sector and the primary sector recovered and services grew faster.

The industrial sector rebounded 0.5 percent, following a 0.3 percent decline in the previous period and the primary sector recovered 0.8 percent after a 2.1 percent contraction in the second quarter. The services sector grew 0.8 percent, faster than a 0.2 percent expansion in the second quarter.

Year-on-year, the Mexican economy grew 2.6 percent, the same pace as in the previous period.

INEGI | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
10/30/2018 2:24:59 PM

Recent Releases

Mexico GDP Contracts More than Expected in Q2
The Mexican gross domestic product declined 0.2 percent on quarter in the three months to June of 2018, up from a preliminary estimate of a 0.1 percent contraction and compared to a downwardly revised 1.0 percent growth in the first quarter. It was the worst contraction since the second quarter of 2013 (-0.7 percent), as both the primary sector and industry fell and services slowed further.
Published on 2018-08-24

Mexican GDP Contracts 0.1% QoQ in Q2
The Mexican economy shrank 0.1 percent on quarter in the three months to June of 2018, reversing from a 1.1 percent growth in the previous period. It is the first contraction since the last quarter of 2015 as both the primary sector and industry declined, preliminary estimates showed.
Published on 2018-07-31

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.
Published on 2018-05-23

Mexico GDP Growth Highest in 1-1/2 Year
The Mexican economy advanced 1.1 percent on quarter in the first three months of 2018, above 0.8 percent in the previous period. It is the highest growth rate since the third quarter of 2016, preliminary estimates showed.
Published on 2018-04-30

Mexico GDP	Last	Previous	Highest	Lowest	Unit
GDP Growth Rate	0.90	-0.20	3.20	-5.70	percent	[+]
GDP Annual Growth Rate	2.60	2.60	9.00	-9.10	percent	[+]
GDP	1149.92	1076.91	1314.39	13.04	USD Billion	[+]
GDP Constant Prices	18441674.00	18469975.00	18469975.00	9736454.00	MXN Million	[+]
Gross Fixed Capital Formation	3808150.84	3833748.37	3836735.65	1475244.17	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	610395.65	564795.44	695814.46	326544.91	MXN Million	[+]
GDP From Construction	1285128.00	1295018.00	1348313.00	616361.00	MXN Million	[+]
GDP From Manufacturing	2957793.00	2867198.00	2957793.00	1579762.00	MXN Million	[+]
GDP From Mining	893411.00	914474.00	1339290.00	893411.00	MXN Million	[+]
GDP From Public Administration	743888.26	700845.33	743888.26	552862.50	MXN Million	[+]
GDP From Services	11762116.59	11315248.38	11826733.38	5606905.89	MXN Million	[+]
GDP From Transport	1205541.00	1162267.00	1205541.00	557632.00	MXN Million	[+]
GDP From Utilities	276360.00	251642.00	287248.00	93738.00	MXN Million	[+]

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 November of 2018.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	0.90	-0.20	3.20	-5.70	1993 - 2018	percent	Quarterly	SA

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Country	Last		Previous	Highest	Lowest
Singapore	4.70	Sep/18	1.2	36.6	-13.5	%	Quarterly
United States	3.50	Sep/18	4.2	16.7	-10	%	Quarterly
Indonesia	3.09	Sep/18	4.21	4.21	-3.57	%	Quarterly
India	1.90	Jun/18	2	5.4	-1.7	%	Quarterly
China	1.60	Sep/18	1.7	2.4	1.4	%	Quarterly
Australia	0.90	Jun/18	1.1	4.4	-2	%	Quarterly
Mexico	0.90	Sep/18	-0.2	3.2	-5.7	%	Quarterly
Russia	0.90	Jun/18	0.4	4.1	-5.4	%	Quarterly
Turkey	0.90	Jun/18	1.5	5.6	-5.2	%	Quarterly
Canada	0.70	Jun/18	0.4	3.1	-2.3	%	Quarterly
Switzerland	0.70	Jun/18	1	2.4	-1.9	%	Quarterly
South Korea	0.60	Sep/18	0.6	7.8	-7	%	Quarterly
Spain	0.60	Sep/18	0.6	1.6	-1.6	%	Quarterly
United Kingdom	0.60	Sep/18	0.4	5	-2.7	%	Quarterly
France	0.40	Sep/18	0.2	8	-5.3	%	Quarterly
Brazil	0.20	Jun/18	0.1	3.9	-3.9	%	Quarterly
Euro Area	0.20	Sep/18	0.4	1.3	-3	%	Quarterly
Netherlands	0.20	Sep/18	0.7	1.7	-3.6	%	Quarterly
Italy	0.00	Sep/18	0.2	6	-2.8	%	Quarterly
Saudi Arabia	-0.05	Mar/18	0.05	8.5	-2.1	%	Quarterly
Germany	-0.20	Sep/18	0.5	4	-4.5	%	Quarterly
Japan	-0.30	Sep/18	0.8	3.2	-4.9	%	Quarterly
South Africa	-0.70	Jun/18	-2.6	7.6	-6.1	%	Quarterly
Argentina	-4.00	Jun/18	0.7	5	-5.7	%	Quarterly