Mexico GDP Annual Growth Rate  1994-2018 | Data | Chart | Calendar

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. GDP Annual Growth Rate in Mexico averaged 2.48 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.

Mexico GDP Annual Growth Rate
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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.

The services sector increased 2.0 percent, down from a 2.1 percent expansion in the preliminary estimate and below a 2.4 percent growth in the previous period. Output rose less for financial services and insurance (4.1 percent from 5.4 percent in Q4 2017); information and communication (3.0 percent from 3.9 percent) and wholesale trade (2.5 percent from 4.8 percent). Also, production fell for education (-0.8 percent from 1.2 percent) and cultural and sports activities (-0.1 percent from 3.2 percent) and dropped further for business services (-2.8 percent from -1.6 percent). On the other hand, faster growth was seen in real estate activities (1.3 percent from 0.7 percent); retail trade (3.2 percent from 2.1 percent); health and social activities (3.0 percent from 1.9 percent) and transportation (2.8 percent from 2.7 percent). 

Industrial activity shrank 0.8 percent, below a 1.1 percent contraction in the preliminary figure and following a 1.0 percent fall in the prior quarter. Mining contracted less (-6.1 percent from -8.8 percent) and manufacturing while output rebounded for construction (1.5 percent from -1.3 percent) and utilies (a flat reading from -0.6 percent). Meantime, manufacturing sector dropped (-0.2 percent from 1.8 percent).

The agricultural sector accelerated 5.4 percent, up from the preliminary estimate of a 5.3 percent and above a 4.3 percent expansion in the previous period. It was the strongest growth since the first quarter of 2014.

On a quarterly basis, the economy grew 1.3 percent, in line with preliminary figures, slowing from 1.5 percent expansion in the prior quarter.


INEGI | Stefanie Moya | stefanie.moya@tradingeconomics.com
5/23/2018 1:52:14 PM


Recent Releases

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 Annual GDP Growth Weakest Since 2013
The Mexican economy grew 1.5 percent year-on-year in the fourth quarter of 2017, below a preliminary estimate of 1.8 percent and compared to an upwardly revised 1.6 percent in the previous period. It was the slowest expansion since the last quarter of 2013, as the industrial activity contracted further and services rose at the same pace. Considering full 2017, the economy grew 2 percent, below 2.1 percent in the previous estimate and 2.9 percent in 2016. It is the lowest growth rate since 2013.
Published on 2018-02-23

Mexico Annual GDP Growth Strengthens in Q4
The Mexican economy expanded 1.8 percent year-on-year in the fourth quarter of 2017, up from a 1.5 percent growth in the previous period. Output rose faster for services and agricultural activities while declined for industrial production, preliminary estimates showed.
Published on 2018-01-30

Mexico GDP Growth Revised Down to 1.5% in Q3
The Mexican economy advanced 1.5 percent year-on-year in the third quarter of 2017, below a preliminary estimate of 1.6 percent and slowing from a 1.9 percent reported in the previous period. It was the weakest growth rate since the fourth quarter of 2013 as services and agriculture slowed down while industry shrank less, final figures showed.
Published on 2017-11-24



Calendar GMT Actual Previous Consensus TEForecast
2018-02-23 02:00 PM GDP Growth Rate YoY Final 1.5% 1.6% 1.8%
2018-04-30 01:00 PM GDP Growth Rate YoY Prel 1.2% 1.5% 1.8%
2018-05-23 01:00 PM GDP Growth Rate YoY Final 1.3% 1.5% 1.35% 1.4%
2018-07-31 01:00 PM GDP Growth Rate YoY Prel 1.3% 1.8%
2018-08-24 01:00 PM GDP Growth Rate YoY Final 1.3% 1.8%
2018-10-30 02:00 PM GDP Growth Rate YoY Prel 2.3%


Mexico GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.10 0.90 3.20 -5.70 percent [+]
GDP Annual Growth Rate 1.30 1.50 9.00 -9.10 percent [+]
GDP 1046.92 1152.26 1298.46 13.06 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 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 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 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 recent years, exports of manufactured products have been expanding more than 10 percent per year, mostly due to the increase in car production. Nevertheless, in order to keep the current pace of growth the country needs to reduce its dependence on the United States; increase its tax base and open the state-controlled energy sector. 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 June of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
1.30 1.50 9.00 -9.10 1994 - 2018 percent Quarterly
NSA




GDP annual growth rate by Country
Country Last
India 7.70 Mar/18
Turkey 7.40 Mar/18
China 6.80 Mar/18
Indonesia 5.06 Mar/18
Australia 3.10 Mar/18
Spain 3.00 Mar/18
Netherlands 2.80 Mar/18
South Korea 2.80 Mar/18
United States 2.80 Mar/18
Euro Area 2.50 Mar/18
Canada 2.30 Mar/18
Germany 2.30 Mar/18
France 2.20 Mar/18
Switzerland 2.20 Mar/18
Italy 1.40 Mar/18
Mexico 1.30 Mar/18
Russia 1.30 Mar/18
Brazil 1.20 Mar/18
United Kingdom 1.20 Mar/18
Japan 1.10 Mar/18


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