Mexico GDP Annual Growth Rate

The Mexican economy expanded 2.6 percent year-on-year in the third quarter of 2018, the same as in the previous period, a preliminary estimate showed. It remained the strongest growth rate since the first quarter of 2017, mainly due to services and primary activities. Meantime, the industrial sector grew at a slower pace. GDP Annual Growth Rate in Mexico averaged 2.49 percent from 1994 until 2018, reaching an all time high of 9 percent in the fourth quarter of 1996 and a record low of -9.10 percent in the second quarter of 1995.

GDP Annual Growth Rate in Mexico is expected to be 2.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Mexico to stand at 2.30 in 12 months time. In the long-term, the Mexico GDP Annual Growth Rate is projected to trend around 1.40 percent in 2020, according to our econometric models.

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Calendar	GMT		Actual	Previous	Consensus	TEForecast
2018-07-31	01:00 PM	GDP Growth Rate YoY Prel	2.7%	1.3%		1.4%
2018-08-24	01:00 PM	GDP Growth Rate YoY Final	2.6%	1.4%		2.5%
2018-10-30	02:00 PM	GDP Growth Rate YoY Prel	2.6%	2.6%		2.4%
2018-11-23	02:00 PM	GDP Growth Rate YoY Final		2.6%	2.6%	2.6%

Mexico GDP Annual Growth Rate at 2.6% in Q3

The Mexican economy expanded 2.6 percent year-on-year in the third quarter of 2018, the same as in the previous period, a preliminary estimate showed. It remained the strongest growth rate since the first quarter of 2017, mainly due to services and primary activities. Meantime, the industrial sector grew at a slower pace.

Services advanced 3.4 percent, after rising 3.3 percent in the second quarter and primary activities grew 2.2 percent, following a 1.8 percent growth in the previous period. On the other hand, the industrial sector expanded at a slower pace (1.1 percent vs 1.3 percent in Q2).

On a quarterly basis, the economy grew 0.9 percent, recovering from a 0.2 percent contraction in the second quarter of 2018.

INEGI Luisa Carvalho | luisa.carvalho@tradingeconomics.com
10/30/2018 2:29:20 PM

Recent Releases

Mexico Annual GDP Growth Revised Down to 2.6% in Q2
The Mexican economy expanded 2.6 percent year-on-year in the second quarter of 2018, below a preliminary figure of 2.7 percent and following an upwardly revised 1.4 percent growth in the previous quarter. It was the strongest growth rate since the first quarter of 2017, driven by services and industrial sector.
Published on 2018-08-24

Mexico GDP Growth Strongest in Over a Year
The Mexican economy grew 2.7 percent year-on-year in the second quarter of 2018, following a 1.3 percent expansion in the previous quarter, the preliminary figure showed. It was the strongest growth of gross domestic product since the first quarter of 2017, mainly due to industry and services.
Published on 2018-07-31

Mexico Annual GDP Growth Revised Up to 1.3% in Q1
The Mexican economy expanded 1.3 percent year-on-year in the first quarter of 2018, above a preliminary figure of 1.2 percent, following a 1.5 percent growth in the previous quarter and slightly below market expectations of 1.35 percent. It was the weakest growth rate since the last quarter of 2013, mainly due to industrial and services sector.
Published on 2018-05-23

Mexico Annual GDP Growth Slows Further in Q1
The Mexican economy advanced 1.2 percent year-on-year in the first three months of 2018, below 1.5 percent in the previous quarter. It is the lowest growth rate since the last three months of 2013, preliminary estimates showed.
Published on 2018-04-30

Mexico GDP	Last	Previous	Highest	Lowest	Unit
GDP Growth Rate	0.90	-0.20	3.20	-5.70	percent	[+]
GDP Annual Growth Rate	2.60	2.60	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 is the second largest economy in Latin America. The country has an export-oriented economy: more than 90 percent of trade is under free trade agreements. 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 Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Mexico GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on November of 2018.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	2.60	2.60	9.00	-9.10	1994 - 2018	percent	Quarterly	NSA

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Country	Last		Previous	Highest	Lowest
India	8.20	Jun/18	7.7	11.4	-5.2	%	Quarterly
China	6.50	Sep/18	6.7	15.4	3.8	%	Quarterly
Turkey	5.20	Jun/18	7.3	11.7	-14.4	%	Quarterly
Indonesia	5.17	Sep/18	5.27	7.16	1.56	%	Quarterly
Australia	3.40	Jun/18	3.2	9	-3.4	%	Quarterly
Switzerland	3.40	Jun/18	2.9	5.8	-3.7	%	Quarterly
United States	3.00	Sep/18	2.9	13.4	-3.9	%	Quarterly
Mexico	2.60	Sep/18	2.6	9	-9.1	%	Quarterly
Singapore	2.60	Sep/18	4.1	19	-8.8	%	Quarterly
Spain	2.50	Sep/18	2.5	5.6	-4.3	%	Quarterly
Netherlands	2.40	Sep/18	3.1	6.1	-4.6	%	Quarterly
South Korea	2.00	Sep/18	2.8	19.6	-7.4	%	Quarterly
Canada	1.90	Jun/18	2.3	9.3	-4.1	%	Quarterly
Euro Area	1.70	Sep/18	2.2	5	-5.5	%	Quarterly
Saudi Arabia	1.61	Jun/18	1.15	24.2	-20.7	%	Quarterly
France	1.50	Sep/18	1.7	12.6	-3.8	%	Quarterly
United Kingdom	1.50	Sep/18	1.2	9.7	-6.1	%	Quarterly
Russia	1.30	Sep/18	1.9	12.1	-11.2	%	Quarterly
Germany	1.10	Sep/18	2	7.2	-6.8	%	Quarterly
Brazil	1.00	Jun/18	1.2	10.1	-5.6	%	Quarterly
Italy	0.80	Sep/18	1.2	10.3	-7.2	%	Quarterly
South Africa	0.40	Jun/18	0.8	7.1	-2.6	%	Quarterly
Japan	0.30	Sep/18	1.4	9.4	-8.8	%	Quarterly
Argentina	-4.20	Jun/18	3.9	16.2	-16.3	%	Quarterly