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

The Mexican economy shrank 0.1 percent on quarter in the three months to June of 2018, reversing from a 1.1 percent growth in the previous period. It is the first contraction since the last quarter of 2015 as both the primary sector and industry declined, preliminary estimates showed. GDP Growth Rate in Mexico averaged 0.60 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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Mexican GDP Contracts 0.1% QoQ in Q2

The Mexican economy shrank 0.1 percent on quarter in the three months to June of 2018, reversing from a 1.1 percent growth in the previous period. It is the first contraction since the last quarter of 2015 as both the primary sector and industry declined, preliminary estimates showed.

The industrial sector declined 0.3 percent, following a 0.9 percent rise in the previous period and the primary sector shrank 2.1 percent after a 0.9 percent expansion in the previous quarter. The services sector grew 0.3 percent, also well below 1.1 percent in the first quarter.

Year-on-year, the economy expanded 2.7 percent, well above 1.3 percent in the previous quarter. It is the strongest growth since the first quarter of 2017.

Joana Taborda | joana.taborda@tradingeconomics.com
7/31/2018 2:08:15 PM

Recent Releases

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.
Published on 2018-05-23

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

Calendar	GMT		Actual	Previous	Consensus	TEForecast
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	-0.1%	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%
2018-11-23	02:00 PM	GDP Growth Rate QoQ Final				1.4%

Mexico GDP	Last	Previous	Highest	Lowest	Unit
GDP Growth Rate	-0.10	1.10	3.20	-5.70	percent	[+]
GDP Annual Growth Rate	2.70	1.30	9.00	-9.10	percent	[+]
GDP	1149.92	1076.91	1314.39	13.04	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	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	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 August of 2018.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	-0.10	1.10	3.20	-5.70	1993 - 2018	percent	Quarterly	SA

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GDP growth rate by Country

Country	Last		Previous	Highest	Lowest
Indonesia	4.21	Jun/18	-0.41	4.21	-3.57	%	Quarterly
United States	4.10	Jun/18	2.2	16.7	-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	1.80	Jun/18	1.4	2.4	1.3	%	Quarterly
Australia	1.00	Mar/18	0.5	4.4	-2	%	Quarterly
Russia	0.85	Mar/18	-0.33	4.1	-5.4	%	Quarterly
Netherlands	0.70	Jun/18	0.6	1.7	-3.2	%	Quarterly
South Korea	0.70	Jun/18	1	7.8	-7	%	Quarterly
Spain	0.60	Jun/18	0.7	1.6	-1.6	%	Quarterly
Switzerland	0.60	Mar/18	0.6	2.3	-1.6	%	Quarterly
Germany	0.50	Jun/18	0.4	4	-4.5	%	Quarterly
Japan	0.50	Jun/18	-0.2	3.2	-4.9	%	Quarterly
Brazil	0.40	Mar/18	0.2	3.6	-4.1	%	Quarterly
Euro Area	0.40	Jun/18	0.4	1.3	-2.9	%	Quarterly
United Kingdom	0.40	Jun/18	0.2	5	-2.7	%	Quarterly
Canada	0.30	Mar/18	0.4	3.1	-2.3	%	Quarterly
France	0.20	Jun/18	0.2	7.7	-5	%	Quarterly
Italy	0.20	Jun/18	0.3	6	-2.8	%	Quarterly
Mexico	-0.10	Jun/18	1.1	3.2	-5.7	%	Quarterly