Mexico's gross domestic product expanded 0.1 percent on quarter in the three months to June 2019, recovering from a 0.2 percent contraction in the previous period and beating market expectations of a 0.1 percent fall, a preliminary estimate showed. Services activity advanced slightly while industry made no contribution to growth and agriculture output contracted sharply. GDP Growth Rate in Mexico averaged 0.59 percent from 1993 until 2019, 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
2019-02-25 02:00 PM GDP Growth Rate QoQ Final Q4 0.2% 0.6% 0.2% 0.3%
2019-04-30 01:00 PM GDP Growth Rate QoQ Prel Q1 -0.2% 0.2% 0.6%
2019-05-24 01:00 PM GDP Growth Rate QoQ Final Q1 -0.2% 0.0% 0.2% -0.2%
2019-07-31 11:00 AM GDP Growth Rate QoQ Prel Q2 0.1% -0.2% -0.1% 0%
2019-08-23 11:00 AM GDP Growth Rate QoQ Final Q2 -0.2% 0.1% 0.1%
2019-10-30 12:00 PM GDP Growth Rate QoQ Prel Q3
2019-11-25 12:00 PM GDP Growth Rate QoQ Final Q3



Mexico GDP Grows 0.1% QoQ in Q2

Mexico's gross domestic product expanded 0.1 percent on quarter in the three months to June 2019, recovering from a 0.2 percent contraction in the previous period and beating market expectations of a 0.1 percent fall, a preliminary estimate showed.

Services activity advanced slightly (0.2 percent) while industry made no contribution to growth and agriculture output contracted sharply (-3.4 percent).


INEGI | Joana Ferreira | joana.ferreira@tradingeconomics.com
7/31/2019 11:20:10 AM


News

Mexico Economy Shrinks 0.2% QoQ in Q1
The gross domestic product in Mexico declined 0.2 percent on quarter in the three months to March 2019, in line with the preliminary figure and after showing no growth in the prior quarter. Services and industry shrank and the primary sector lost steam.
Published on 2019-05-24

Mexico GDP Contracts 0.2% QoQ in Q1
The Mexican economy shrank 0.2 percent on quarter in the three months to March of 2019, following a 0.2 percent growth in the previous period, a preliminary estimate showed. Both the industrial sector and services contracted.
Published on 2019-04-30

Mexico Q4 GDP Growth Revised Down to 0.2% QoQ
The Mexican economy advanced 0.2 percent on quarter in the three months to December of 2018, slowing from a downwardly revised 0.6 percent expansion in the previous period, lower than a preliminary estimate of 0.3 percent and in line with market expectations. The slowdown was mainly due to a contraction in the industrial sector.
Published on 2019-02-25

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.
Published on 2019-01-30



Mexico GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.10 -0.20 3.20 -5.70 percent [+]
GDP Annual Growth Rate -0.70 1.20 9.00 -9.10 percent [+]
GDP 1223.81 1158.07 1314.56 13.04 USD Billion [+]
GDP Constant Prices 18552607.00 18584926.00 18584926.00 9736295.00 MXN Million [+]
Gross Fixed Capital Formation 3693570.00 3668385.00 3838433.00 1475417.00 MXN Million [+]
GDP per capita 10385.30 10297.59 10385.30 3907.49 USD [+]
GDP per capita PPP 18101.90 17949.02 18101.90 13452.23 USD [+]
GDP From Agriculture 590490.29 712278.12 712278.12 326544.91 MXN Million [+]
GDP From Construction 1284077.00 1306139.00 1349535.00 616361.00 MXN Million [+]
GDP From Manufacturing 2918815.00 2940369.00 2967936.00 1579762.00 MXN Million [+]
GDP From Mining 862095.00 848112.00 1339290.00 848112.00 MXN Million [+]
GDP From Public Administration 686777.73 716017.67 747616.63 552862.50 MXN Million [+]
GDP From Services 11536484.18 12148761.14 12148761.14 5606905.89 MXN Million [+]
GDP From Transport 1180004.00 1222308.00 1222308.00 557632.00 MXN Million [+]
GDP From Utilities 250530.00 268312.00 295361.00 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 August of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
0.10 -0.20 3.20 -5.70 1993 - 2019 percent Quarterly
SA




Country Last Previous
Indonesia 4.20 Jun/19
United States 2.10 Jun/19
China 1.60 Jun/19
India 1.40 Mar/19
Turkey 1.30 Mar/19
South Korea 1.10 Jun/19
Saudi Arabia 1.07 Dec/18
Switzerland 0.60 Mar/19
Netherlands 0.50 Jun/19
Spain 0.50 Jun/19
Australia 0.40 Mar/19
Japan 0.40 Jun/19
Euro Area 0.20 Jun/19
France 0.20 Jun/19
Canada 0.10 Mar/19
Mexico 0.10 Jun/19
Italy 0.00 Jun/19
Germany -0.10 Jun/19
Argentina -0.20 Mar/19
Brazil -0.20 Mar/19
United Kingdom -0.20 Jun/19
Russia -0.40 Mar/19
South Africa -3.20 Mar/19
Singapore -3.30 Jun/19


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