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.