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

On a quarterly basis, the economy advanced 0.6 percent, slightly below 0.7 percent in the previous period and in line with the preliminary estimate. Yet, it is the weakest expansion in one year. 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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Mexico GDP Growth at 1-Year Low of 0.6% in Q2


The Mexican economy advanced 0.6 percent on quarter in the three months to June of 2017, in line with the preliminary reading but slowing slightly from a 0.7 percent rise in the previous quarter. The services sector was the main driver of growth while industrial production stalled and the primary sector shrank, final estimates showed.

The services sector increased 0.8 percent, in line with the preliminary reading and below 1 percent in the previous period. Industrial output was flat, compared to an earlier estimate of 0.1 percent and 0.2 percent in the previous quarter. The primary sector went down 1.9 percent (-2 percent in the first figure) and compared to 0.8 percent in the previous period. 

Year-on-year, the economy expanded an unadjusted 1.8 percent in the second quarter of the year, the lowest growth rate in three years. 

INEGI | Joana Taborda | joana.taborda@tradingeconomics.com
8/22/2017 5:09:22 PM


Recent Releases

Mexico GDP Unexpectedly Grows 0.6% In Q2
The Mexican economy advanced 0.6 percent on quarter in the three months to June of 2017, slowing slightly from a 0.7 percent rise in the previous quarter but beating market expectations of a 0.7 percent contraction. The services sector was the main driver of growth while industrial production barely rose and the primary sector shrank, preliminary estimates showed.
Published on 2017-07-31

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.
Published on 2017-05-22

Mexican Economy Remains Resilient
After an initial uncertainty shock triggered by the US election outcome sent investment and consumer sentiment to record-low levels in January, the Mexican economy’s fundamentals look stronger than anticipated.
Published on 2017-04-28

Mexico GDP Growth Revised Up to 0.7% In Q4
The Mexican economy expanded 0.7 percent on quarter in the last three months of 2016, slowing from an upwardly revised 1.1 percent rise in the previous period but higher than 0.6 percent in the preliminary estimate. Services increased more than anticipated and industrial production rose slightly, final figures showed.
Published on 2017-02-22



Calendar GMT Actual Previous Consensus Forecast (i)
2017-05-22 01:00 PM Q1 0.7% 0.7% 0.7% 0.6%
2017-07-31 01:00 PM Q2 0.6% 0.7% -0.7% 0.8%
2017-08-22 01:00 PM Q2 0.6% 0.7% 0.6% 0.6%
2017-10-31 02:00 PM Q3 0.6% 0.56%
2017-11-24 02:00 PM Q3


Mexico GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.60 0.70 2.80 -6.20 percent [+]
GDP Annual Growth Rate 1.80 2.80 9.20 -8.60 percent [+]
GDP 1046.00 1151.04 1298.40 13.06 USD Billion [+]
GDP Constant Prices 14771013.00 14689634.00 14771013.00 7729822.00 MXN Million [+]
Gross Fixed Capital Formation 3077463.23 3099658.90 3151045.27 1254266.37 MXN Million [+]
GDP per capita 9707.10 9613.00 9707.10 3686.39 USD [+]
GDP per capita PPP 16831.10 16667.80 16831.10 12584.50 USD [+]
GDP From Agriculture 478554.03 430672.39 536698.77 268940.80 MXN Million [+]
GDP From Construction 1019280.00 1004357.00 1133039.00 516259.00 MXN Million [+]
GDP From Manufacturing 2472413.00 2447004.00 2472413.00 1323946.00 MXN Million [+]
GDP From Mining 828001.00 845222.00 1143784.00 811913.00 MXN Million [+]
GDP From Public Administration 521075.60 500518.67 526678.93 409689.54 MXN Million [+]
GDP From Services 9042030.62 9024909.32 9278680.87 4325668.12 MXN Million [+]
GDP From Transport 891829.00 866362.00 891829.00 426513.00 MXN Million [+]
GDP From Utilities 308086.00 317433.00 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 August of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
0.60 0.70 2.80 -6.20 1993 - 2017 percent Quarterly
SA



gdp growth rate by Country

Last
Indonesia 4.00 Jun/17
United States 2.60 Jun/17
China 1.70 Jun/17
India 1.50 Mar/17
Netherlands 1.50 Jun/17
Turkey 1.40 Mar/17
Brazil 1.00 Mar/17
Japan 1.00 Jun/17
Canada 0.90 Mar/17
Spain 0.90 Jun/17
Euro Area 0.60 Jun/17
Germany 0.60 Jun/17
Mexico 0.60 Jun/17
South Korea 0.60 Jun/17
France 0.50 Jun/17
Italy 0.40 Jun/17
Australia 0.30 Mar/17
Switzerland 0.30 Mar/17
United Kingdom 0.30 Jun/17
Russia -0.57 Sep/15