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.

Mexico GDP Growth Rate
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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



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 [+]


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 November of 2018.

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




Country Last
Singapore 4.70 Sep/18
United States 3.50 Sep/18
Indonesia 3.09 Sep/18
India 1.90 Jun/18
China 1.60 Sep/18
Australia 0.90 Jun/18
Mexico 0.90 Sep/18
Russia 0.90 Jun/18
Turkey 0.90 Jun/18
Canada 0.70 Jun/18
Switzerland 0.70 Jun/18
South Korea 0.60 Sep/18
Spain 0.60 Sep/18
United Kingdom 0.60 Sep/18
France 0.40 Sep/18
Brazil 0.20 Jun/18
Euro Area 0.20 Sep/18
Netherlands 0.20 Sep/18
Italy 0.00 Sep/18
Saudi Arabia -0.05 Mar/18
Germany -0.20 Sep/18
Japan -0.30 Sep/18
South Africa -0.70 Jun/18
Argentina -4.00 Jun/18


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