The gross domestic product in Mexico advanced 1.3 percent year-on-year in the first quarter of 2019, easing from a 1.7 percent expansion in the previous period, a preliminary estimate showed. It is the slowest growth rate since the first quarter of 2018. GDP Annual Growth Rate in Mexico averaged 2.47 percent from 1994 until 2019, 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 1.90 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 1.80 in 12 months time. In the long-term, the Mexico GDP Annual Growth Rate is projected to trend around 1.10 percent in 2020, according to our econometric models.

Mexico GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-11-23 02:00 PM GDP Growth Rate YoY Final 2.5% 2.6% 2.6% 2.6%
2019-01-30 02:00 PM GDP Growth Rate YoY Prel 1.8% 2.5% 2.6% 2.2%
2019-02-25 02:00 PM GDP Growth Rate YoY Final 1.7% 2.5% 1.8% 2.3%
2019-04-30 01:00 PM GDP Growth Rate YoY Prel 1.3% 1.7% 1.4%
2019-05-24 01:00 PM GDP Growth Rate YoY Final 1.7% 1.8% 1.3%
2019-07-31 01:00 PM GDP Growth Rate YoY Prel 1.9%
2019-08-23 01:00 PM GDP Growth Rate YoY Final 1.9%



Mexico GDP Annual Growth at 1-Year Low of 1.3%

The gross domestic product in Mexico advanced 1.3 percent year-on-year in the first quarter of 2019, easing from a 1.7 percent expansion in the previous period, a preliminary estimate showed. It is the slowest growth rate since the first quarter of 2018.

Services advanced 1.9 percent, slowing from a 2.7 percent rise in the fourth quarter of 2018 and the industrial sector continued to contract (-0.7 percent from -0.9 percent). On the other hand, primary activities (5.9 percent from 3 percent) expanded faster. 

On a quarterly basis, the economy shrank 0.2 percent, after a 0.2 percent advance in the last quarter of 2018. 


INEGI | Agna Gabriel | agna.gabriel@tradingeconomics.com
4/30/2019 1:13:35 PM



Mexico GDP Last Previous Highest Lowest Unit
GDP Growth Rate -0.20 0.20 3.20 -5.70 percent [+]
GDP Annual Growth Rate 1.30 1.70 9.00 -9.10 percent [+]
GDP 1150.89 1077.78 1314.56 13.04 USD Billion [+]
GDP Constant Prices 18614517.00 18568290.00 18614517.00 9736483.00 MXN Million [+]
Gross Fixed Capital Formation 3751715.65 3778904.08 3839534.10 1475314.61 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 711166.10 490607.15 711166.10 326544.91 MXN Million [+]
GDP From Construction 1304744.00 1290048.00 1349021.00 616361.00 MXN Million [+]
GDP From Manufacturing 2936747.00 2964295.00 2964295.00 1579762.00 MXN Million [+]
GDP From Mining 849324.00 894981.00 1339290.00 849324.00 MXN Million [+]
GDP From Public Administration 716017.67 686645.27 747616.63 552862.50 MXN Million [+]
GDP From Services 12146159.32 11623933.11 12146159.32 5606905.89 MXN Million [+]
GDP From Transport 1224615.00 1207871.00 1224615.00 557632.00 MXN Million [+]
GDP From Utilities 268315.00 295364.00 295364.00 93738.00 MXN Million [+]


Mexico GDP Annual Growth Rate

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 May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1.30 1.70 9.00 -9.10 1994 - 2019 percent Quarterly
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Country Last Previous
India 6.60 Dec/18
China 6.40 Mar/19
Indonesia 5.07 Mar/19
Saudi Arabia 3.60 Dec/18
United States 3.20 Mar/19
Spain 2.40 Mar/19
Australia 2.30 Dec/18
South Korea 1.80 Mar/19
United Kingdom 1.80 Mar/19
Netherlands 1.70 Mar/19
Canada 1.60 Dec/18
Switzerland 1.40 Dec/18
Mexico 1.30 Mar/19
Singapore 1.30 Mar/19
Euro Area 1.20 Mar/19
Brazil 1.10 Dec/18
France 1.10 Mar/19
South Africa 1.10 Dec/18
Germany 0.70 Mar/19
Russia 0.50 Mar/19
Japan 0.30 Dec/18
Italy 0.10 Mar/19
Turkey -3.00 Dec/18
Argentina -6.20 Dec/18


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