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

The Mexican gross domestic product advanced 1.1 percent on quarter in the first three months of 2018, compared to an upwardly revised first estimate of 0.9 percent and market forecasts of a 0.95 percent rise. It was the strongest expansion since the third quarter of 2016, mainly boosted by gains in services and industry while the agricultural sector grew less. 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.

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Mexico GDP Growth Revised Up to 1.1% QoQ in Q1

The Mexican gross domestic product advanced 1.1 percent on quarter in the first three months of 2018, compared to an upwardly revised first estimate of 0.9 percent and market forecasts of a 0.95 percent rise. It was the strongest expansion since the third quarter of 2016, mainly boosted by gains in services and industry while the agricultural sector grew less.

Services boosted growth, advancing 1.1 percent, slightly below a preliminary reading of 1.2 percent and at the same pace as in the fourth quarter. Meantime, industrial production grew 0.9 percent, compared to an earlier estimate of 0.7 percent and above a revised 0.2 percent gain in Q4. The utilities sector rebounded (0.7 percent vs -0.2 percent in Q4) and construction grew significantly (2.8 percent vs 1.1 percent). On the other hand, manufacturing showed no growth (from 0.4 percent in Q4) and mining and quarrying contracted (-0.9 percent, the same pace as in Q4).

Conversely, the agricultural sector rose 0.9 percent, compared to a preliminary figure of 0.8 percent but well below an upwardly revised 2.8 percent growth in Q4.

Year-on-year, the GDP expanded 1.3 percent, the weakest growth since the last quarter of 2013, above a preliminary figure of 1.2 percent and slowing from a 1.5 percent rise in the previous quarter. It compares with market expectations of 1.35 percent.

INEGI | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
5/23/2018 1:41:35 PM

Recent Releases

Mexico GDP Growth Highest in 1-1/2 Year
The Mexican economy advanced 1.1 percent on quarter in the first three months of 2018, above 0.8 percent in the previous period. It is the highest growth rate since the third quarter of 2016, preliminary estimates showed.
Published on 2018-04-30

Mexico GDP Growth Revised Down in Q4
The Mexican economy advanced 0.8 percent on quarter in the last three months of 2017, rebounding from a downwardly revised 0.2 percent contraction in the previous period but below initial estimates of a 1 percent growth. Still, it was the strongest expansion in four quarters as growth in agriculture and services was enough to offset a contraction in industry.
Published on 2018-02-23

Mexico GDP Grows 1% QoQ in Q4
The Mexican economy expanded 1 percent on quarter in the last three months of 2017, recovering from a 0.3 percent contraction in the previous period. It is the strongest growth rate in a year, preliminary estimates showed.
Published on 2018-01-30

Mexico GDP Shrinks More than Expected in Q3
The Mexican economy contracted 0.3 percent on quarter in the third quarter of 2017, worse than a preliminary estimate of a 0.2 percent decline and compared to a downwardly revised 0.3 percent increase in the previous quarter. Manufacturing declined more than expected, final figures showed. It was the first contraction since the fourth quarter of 2015.
Published on 2017-11-24

Calendar	GMT		Actual	Previous	Consensus	TEForecast
2018-02-23	02:00 PM	GDP Growth Rate QoQ Final	0.8%	-0.2%	0.9%	1%
2018-04-30	01:00 PM	GDP Growth Rate QoQ Prel	1.1%	0.8%		-0.30%
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		1.1%		1.3%
2018-08-24	01:00 PM	GDP Growth Rate QoQ Final		1.1%		1.3%
2018-10-30	02:00 PM	GDP Growth Rate QoQ Prel				1.4%

Mexico GDP	Last	Previous	Highest	Lowest	Unit
GDP Growth Rate	1.10	0.90	3.20	-5.70	percent	[+]
GDP Annual Growth Rate	1.30	1.50	9.00	-9.10	percent	[+]
GDP	1046.92	1152.26	1298.46	13.06	USD Billion	[+]
GDP Constant Prices	18500051.00	18293694.00	18500051.00	9737570.00	MXN Million	[+]
Gross Fixed Capital Formation	3849959.74	3729653.04	3849959.74	1475581.33	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	564856.27	695814.46	695814.46	326544.91	MXN Million	[+]
GDP From Construction	1294645.00	1331383.00	1348313.00	616361.00	MXN Million	[+]
GDP From Manufacturing	2868082.00	2892864.00	2905043.00	1579762.00	MXN Million	[+]
GDP From Mining	914464.00	900706.00	1339290.00	900706.00	MXN Million	[+]
GDP From Public Administration	700814.40	724649.53	727212.69	552862.50	MXN Million	[+]
GDP From Services	11305021.43	11826733.38	11826733.38	5606905.89	MXN Million	[+]
GDP From Transport	1162121.00	1183707.00	1183707.00	557632.00	MXN Million	[+]
GDP From Utilities	249595.00	265810.00	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 June of 2018.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	1.10	0.90	3.20	-5.70	1993 - 2018	percent	Quarterly	SA

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GDP growth rate by Country

Country	Last		Previous	Highest	Lowest
United States	2.20	Mar/18	2.9	16.9	-10	%	Quarterly
Turkey	2.00	Mar/18	1.7	5.6	-5.2	%	Quarterly
India	1.90	Mar/18	1.8	5.4	-1.7	%	Quarterly
China	1.40	Mar/18	1.6	2.4	1.3	%	Quarterly
Mexico	1.10	Mar/18	0.9	3.2	-5.7	%	Quarterly
Australia	1.00	Mar/18	0.5	4.4	-2	%	Quarterly
South Korea	1.00	Mar/18	-0.2	7.8	-7	%	Quarterly
Spain	0.70	Mar/18	0.7	1.6	-1.6	%	Quarterly
Netherlands	0.60	Mar/18	0.9	1.7	-3.2	%	Quarterly
Switzerland	0.60	Mar/18	0.6	2.3	-1.6	%	Quarterly
Brazil	0.40	Mar/18	0.2	3.6	-4.1	%	Quarterly
Euro Area	0.40	Mar/18	0.7	1.3	-2.9	%	Quarterly
Canada	0.30	Mar/18	0.4	3.1	-2.3	%	Quarterly
Germany	0.30	Mar/18	0.6	4	-4.5	%	Quarterly
Italy	0.30	Mar/18	0.4	6	-2.8	%	Quarterly
France	0.20	Mar/18	0.7	7.7	-5	%	Quarterly
United Kingdom	0.10	Mar/18	0.4	5	-2.7	%	Quarterly
Japan	-0.20	Mar/18	0.3	3.2	-4.9	%	Quarterly
Russia	-0.38	Dec/17	0.04	4.1	-5.4	%	Quarterly
Indonesia	-0.42	Mar/18	-1.7	4.01	-3.57	%	Quarterly