Mexico GDP Growth Rate  1993-2017 | Data | Chart | Calendar | Forecast

The Mexican economy expanded 0.7 percent on quarter in the first three months of 2017, higher than 0.6 percent in the preliminary estimate and the same as in the previous period. Agriculture and industry expanded more than expected, final figures showed. Yet, the Mexican economy’s fundamentals look stronger than anticipated after an initial shock triggered by the US presidential election sent investment and consumer sentiment to record-low levels in January, worsening the growth outlook. However, investment has been hurt by uncertainty surrounding US and Mexico relations and industrial output remains subdued. GDP Growth Rate in Mexico averaged 0.65 percent from 1993 until 2017, reaching an all time high of 2.80 percent in the fourth quarter of 1996 and a record low of -6.20 percent in the first quarter of 1995.

Mexico GDP Growth Rate
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Calendar GMT Actual Previous Consensus Forecast (i)
2017-02-22 02:00 PM Q4 0.7% 1.1% 0.6% 0.7%
2017-04-28 01:00 PM Q1 0.6% 0.7% 0.0% 0.4%
2017-05-22 01:00 PM Q1 0.7% 0.7% 0.7% 0.6%
2017-07-31 01:00 PM Q2 0.7% 0.4%
2017-08-22 01:00 PM Q2 0.7% 0.4%
2017-10-31 02:00 PM Q3 0.63%




Mexico GDP Growth Revised Up to 0.7% In Q1


The Mexican economy expanded 0.7 percent on quarter in the first three months of 2017, higher than 0.6 percent in the preliminary estimate and the same as in the previous period. Agriculture and industry expanded more than expected, final figures showed. Yet, the Mexican economy’s fundamentals look stronger than anticipated after an initial shock triggered by the US presidential election sent investment and consumer sentiment to record-low levels in January, worsening the growth outlook. However, investment has been hurt by uncertainty surrounding US and Mexico relations and industrial output remains subdued.

Services rose 1 percent, higher than 0.9 percent in the previous period and in line with earlier estimates. The agricultural sector expanded 1.1 percent, above 0.6 percent in the last three months of 2016 and better than preliminary figures of 0.7. Industrial output edged up a meager 0.1 percent for the third quarter, although better than a flat reading initially estimated. 

As President Trump’s rhetoric on NAFTA and proteccionism moderates, the Mexican peso recovered to pre-US election levels and exports, car production and private spending continue to support growth. However, private and public investment remain subdued amid uncertainty over bilateral relationship between Mexico and the United States. Yet, industrial production remains weak, with the manufacturing PMI falling to 50.7 from 51.5 in April. Political risk between US and Mexico is far from gone as President Trump already informed the US Congress he wants to start renegotiating the NAFTA deal as soon as in August. The United States are Mexico's main export partner, accounting for more than 80 percent of total exports and around half of cars exported. 

On a yearly basis, the GDP advanced 2.8 percent, above 2.7 percent in the preliminary reading. 

Joana Taborda | joana.taborda@tradingeconomics.com
5/22/2017 2:07:40 PM



Mexico GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.70 0.70 2.80 -6.20 percent [+]
GDP Annual Growth Rate 2.80 2.30 9.20 -8.60 percent [+]
GDP 1143.79 1298.18 1298.18 13.06 USD Billion [+]
GDP Constant Prices 14689634.00 14592446.00 14689634.00 7729822.00 MXN Million [+]
Gross Fixed Capital Formation 3077463.23 3099658.90 3151045.27 1254266.37 MXN Million [+]
GDP per capita 9510.60 9402.57 9510.60 3686.39 USD [+]
GDP per capita PPP 16490.35 16303.04 16490.35 12547.49 USD [+]
GDP From Agriculture 430672.39 536698.77 536698.77 268940.80 MXN Million [+]
GDP From Construction 1004357.00 1133039.00 1133039.00 516259.00 MXN Million [+]
GDP From Manufacturing 2447004.00 2439684.00 2447004.00 1323946.00 MXN Million [+]
GDP From Mining 845222.00 862810.00 1143784.00 811913.00 MXN Million [+]
GDP From Public Administration 500518.67 526678.93 526678.93 409689.54 MXN Million [+]
GDP From Services 9024909.32 9278680.87 9278680.87 4325668.12 MXN Million [+]
GDP From Transport 866362.00 882542.00 882542.00 426513.00 MXN Million [+]
GDP From Utilities 317433.00 349198.00 360035.00 105147.00 MXN Million [+]


Mexico GDP Growth Rate Notes

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 June of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
0.70 0.70 2.80 -6.20 1993 - 2017 percent Quarterly
SA



gdp growth rate by Country

Last
India 1.50 Mar/17
Turkey 1.40 Mar/17
China 1.30 Mar/17
United States 1.20 Mar/17
South Korea 1.10 Mar/17
Brazil 1.00 Mar/17
Canada 0.90 Mar/17
Spain 0.80 Mar/17
Mexico 0.70 Mar/17
Euro Area 0.60 Mar/17
Germany 0.60 Mar/17
France 0.50 Mar/17
Italy 0.40 Mar/17
Netherlands 0.40 Mar/17
Australia 0.30 Mar/17
Japan 0.30 Mar/17
Switzerland 0.30 Mar/17
United Kingdom 0.20 Mar/17
Indonesia -0.34 Mar/17
Russia -0.57 Sep/15