Mexico GDP Growth Rate  1993-2018 | Data | Chart | Calendar | Forecast

The Mexican gross domestic product declined 0.2 percent on quarter in the three months to June of 2018, up from a preliminary estimate of a 0.1 percent contraction and compared to a downwardly revised 1.0 percent growth in the first quarter. It was the worst contraction since the second quarter of 2013 (-0.7 percent), as both the primary sector and industry fell and services slowed further. 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.

Mexico GDP Growth Rate
width
height
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.



Mexico GDP Contracts More than Expected in Q2


The Mexican gross domestic product declined 0.2 percent on quarter in the three months to June of 2018, up from a preliminary estimate of a 0.1 percent contraction and compared to a downwardly revised 1.0 percent growth in the first quarter. It was the worst contraction since the second quarter of 2013 (-0.7 percent), as both the primary sector and industry fell and services slowed further.

The industrial sector shrank 0.3 percent, matching the preliminary estimate and compared to a downwardly revised 0.8 percent rise in the first quarter. The construction sector slumped (-1.7 percent vs 2.2 percent in Q1) and mining and quarrying continued to decrease (-0.2 percent vs -0.6 percent). Meantime, output growth slowed sharply for manufacturing (0.2 percent vs 0.7 percent) and utilities (0.3 percent vs 1.2 pecrent). Also, the primary sector declined 2.1 percent, as initially estimates showed, contrasting with a downwardly revised 0.6 percent expansion in the previous quarter. 

In addition, the services sector grew only 0.2 percent, below a preliminary reading of 0.3 percent and well below a downwardly revised 1.0 percent increase in the first quarter.

Year-on-year, the Mexican economy advanced 2.6 percent, the most since the first quarter of 2017, missing a preliminary figure of 2.7 percent but above a 1.4 percent expansion in the previous period.


INEGI | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
8/24/2018 3:43:10 PM



Calendar GMT Actual Previous Consensus TEForecast
2018-05-23 01:00 PM GDP Growth Rate QoQ Final 1.1% 0.9% 0.95% 0.9%
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 -0.2% 1.2%
2018-11-23 02:00 PM GDP Growth Rate QoQ Final 1.2%


Mexico GDP Last Previous Highest Lowest Unit
GDP Growth Rate -0.20 1.00 3.20 -5.70 percent [+]
GDP Annual Growth Rate 2.60 1.40 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 September of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-0.20 1.00 3.20 -5.70 1993 - 2018 percent Quarterly
SA




GDP growth rate by Country
Country Last
Indonesia 4.21 Jun/18
United States 4.20 Jun/18
India 1.90 Mar/18
China 1.80 Jun/18
Australia 0.90 Jun/18
Turkey 0.90 Jun/18
Russia 0.85 Mar/18
Netherlands 0.80 Jun/18
Canada 0.70 Jun/18
Japan 0.70 Jun/18
Switzerland 0.70 Jun/18
Singapore 0.60 Jun/18
South Korea 0.60 Jun/18
Spain 0.60 Jun/18
Germany 0.50 Jun/18
Euro Area 0.40 Jun/18
United Kingdom 0.40 Jun/18
Brazil 0.20 Jun/18
France 0.20 Jun/18
Italy 0.20 Jun/18
Saudi Arabia -0.05 Mar/18
Mexico -0.20 Jun/18
South Africa -0.70 Jun/18
Argentina -4.00 Jun/18


Related

Latest