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.

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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	TEForecast
2017-05-22	01:00 PM	GDP Growth Rate QoQ Final	0.7%	0.7%	0.7%	0.6%
2017-07-31	01:00 PM	GDP Growth Rate QoQ Prel	0.6%	0.7%	-0.7%	0.8%
2017-08-22	01:00 PM	GDP Growth Rate QoQ Final	0.6%	0.7%	0.6%	0.6%
2017-10-31	02:00 PM	GDP Growth Rate QoQ Prel		0.6%		0.60%
2017-11-24	02:00 PM	GDP Growth Rate QoQ Final

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

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 2017.

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

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gdp growth rate by Country

	Last		Previous	Highest	Lowest
Indonesia	4.00	Jun/17	-0.34	4.01	-3.57	%	Quarterly
United States	3.00	Jun/17	1.2	16.9	-10	%	Quarterly
Turkey	2.10	Jun/17	1.3	5.6	-5.2	%	Quarterly
China	1.70	Jun/17	1.3	2.4	1.3	%	Quarterly
India	1.50	Mar/17	1.5	6.2	-2.3	%	Quarterly
Netherlands	1.50	Jun/17	0.6	1.7	-3.2	%	Quarterly
Canada	1.10	Jun/17	0.9	3.33	-2.3	%	Quarterly
Spain	0.90	Jun/17	0.8	1.6	-1.6	%	Quarterly
Australia	0.80	Jun/17	0.3	4.4	-2.1	%	Quarterly
Euro Area	0.60	Jun/17	0.5	1.3	-3	%	Quarterly
Germany	0.60	Jun/17	0.7	4	-4.5	%	Quarterly
Japan	0.60	Jun/17	0.3	3.2	-4.8	%	Quarterly
Mexico	0.60	Jun/17	0.7	2.8	-6.2	%	Quarterly
South Korea	0.60	Jun/17	1.1	7.8	-7	%	Quarterly
France	0.50	Jun/17	0.5	7.7	-5	%	Quarterly
Italy	0.40	Jun/17	0.4	6	-2.9	%	Quarterly
Switzerland	0.30	Jun/17	0.1	2.3	-1.6	%	Quarterly
United Kingdom	0.30	Jun/17	0.2	5	-2.7	%	Quarterly
Brazil	0.20	Jun/17	1	4	-3.9	%	Quarterly
Russia	-0.57	Sep/15	-1.31	4.1	-5.4	%	Quarterly