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. GDP Growth Rate in Mexico averaged 0.60 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 0.80 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
2018-11-23 02:00 PM GDP Growth Rate QoQ Final 0.8% -0.1% 0.9% 0.9%
2019-01-30 02:00 PM GDP Growth Rate QoQ Prel 0.3% 0.8% 0.3% 0.7%
2019-02-25 02:00 PM GDP Growth Rate QoQ Final 0.2% 0.6% 0.2% 0.3%
2019-04-30 01:00 PM GDP Growth Rate QoQ Prel -0.2% 0.2% 0.6%
2019-05-24 01:00 PM GDP Growth Rate QoQ Final 0.2% 0.2% -0.2%
2019-07-31 01:00 PM GDP Growth Rate QoQ Prel 0.4%
2019-08-23 01:00 PM GDP Growth Rate QoQ Final 0.4%



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.

The industrial sector declined 0.6 percent, following a 1.2 percent contraction in the fourth quarter of 2018. At the same time, the services sector shrank 0.2 percent, after growing 0.7 percent in the previous quarter. In contrast, the primary sector advanced 2.6 percent, quickening from 2.2 percent in Q4 2018.

Year-on-year, the gross domestic product expanded 1.3 percent compared to 1.7 percent in the previous period and marking the slowest growth since Q1 2018.


INEGI | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
4/30/2019 1:49:34 PM



Mexico GDP Last Previous Highest Lowest Unit
GDP Growth Rate -0.20 0.20 3.20 -5.70 percent [+]
GDP Annual Growth Rate 1.30 1.70 9.00 -9.10 percent [+]
GDP 1150.89 1077.78 1314.56 13.04 USD Billion [+]
GDP Constant Prices 18614517.00 18568290.00 18614517.00 9736483.00 MXN Million [+]
Gross Fixed Capital Formation 3751715.65 3778904.08 3839534.10 1475314.61 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 711166.10 490607.15 711166.10 326544.91 MXN Million [+]
GDP From Construction 1304744.00 1290048.00 1349021.00 616361.00 MXN Million [+]
GDP From Manufacturing 2936747.00 2964295.00 2964295.00 1579762.00 MXN Million [+]
GDP From Mining 849324.00 894981.00 1339290.00 849324.00 MXN Million [+]
GDP From Public Administration 716017.67 686645.27 747616.63 552862.50 MXN Million [+]
GDP From Services 12146159.32 11623933.11 12146159.32 5606905.89 MXN Million [+]
GDP From Transport 1224615.00 1207871.00 1224615.00 557632.00 MXN Million [+]
GDP From Utilities 268315.00 295364.00 295364.00 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 May of 2019.

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




Country Last Previous
Singapore 3.80 Mar/19
United States 3.20 Mar/19
India 1.60 Dec/18
China 1.40 Mar/19
South Africa 1.40 Dec/18
Saudi Arabia 1.07 Dec/18
Russia 0.80 Dec/18
Spain 0.70 Mar/19
Japan 0.50 Mar/19
Netherlands 0.50 Mar/19
United Kingdom 0.50 Mar/19
Euro Area 0.40 Mar/19
Germany 0.40 Mar/19
France 0.30 Mar/19
Australia 0.20 Dec/18
Italy 0.20 Mar/19
Switzerland 0.20 Dec/18
Brazil 0.10 Dec/18
Canada 0.10 Dec/18
Mexico -0.20 Mar/19
South Korea -0.30 Mar/19
Indonesia -0.52 Mar/19
Argentina -1.20 Dec/18
Turkey -2.40 Dec/18


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