Mexico GDP Annual Growth Rate  1994-2017 | Data | Chart | Calendar

The Mexican gross domestic product advanced 1.6 percent year-on-year in the third quarter of 2017, compared to an upwardly revised 1.9 percent expansion in the previous period. It was the lowest growth rate since the fourth quarter of 2013, mainly due to a slowdown in output of services and agriculture while the industrial sector fell less, preliminary estimates showed. GDP Annual Growth Rate in Mexico averaged 2.51 percent from 1994 until 2017, 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 Economy Grows the Least Since Q4 of 2013


The Mexican gross domestic product advanced 1.6 percent year-on-year in the third quarter of 2017, compared to an upwardly revised 1.9 percent expansion in the previous period. It was the lowest growth rate since the fourth quarter of 2013, mainly due to a slowdown in output of services and agriculture while the industrial sector fell less, preliminary estimates showed.

The services sector advanced 2.4 percent, slower than 3.1 percent in the second quarter and agriculture rose 0.9 percent, following a 1.4 percent gain in the previous period. Meantime, industrial production shrank 0.5 percent, less than a 1.4 percent fall in the three previous months.

On a quarterly basis, the economy declined a seasonally adjusted 0.2 percent compared to a 0.6 percent increase in the previous quarter. It was the first contraction since the second quarter of 2013, after the country was hit by two devastating earthquakes in September and also hurricanes.

INEGI | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
10/31/2017 3:17:17 PM



Calendar GMT Actual Previous Consensus TEForecast
2017-07-31 01:00 PM GDP Growth Rate YoY Prel 1.8% 2.8% 1.6% 2.9%
2017-08-22 01:00 PM GDP Growth Rate YoY Final 1.8% 2.8% 1.8% 1.8%
2017-10-31 02:00 PM GDP Growth Rate YoY Prel 1.6% 1.9% 1.5%
2017-11-24 02:00 PM GDP Growth Rate YoY Final 1.9% 1.6%


Mexico GDP Last Previous Highest Lowest Unit
GDP Growth Rate -0.20 0.60 2.90 -5.80 percent [+]
GDP Annual Growth Rate 1.60 1.90 9.00 -9.10 percent [+]
GDP 1046.00 1151.04 1298.40 13.06 USD Billion [+]
GDP Constant Prices 14771013.00 14689634.00 14771013.00 7729822.00 MXN Million [+]
Gross Fixed Capital Formation 3085988.00 3077463.23 3151045.27 1254266.37 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 478554.03 430672.39 536698.77 268940.80 MXN Million [+]
GDP From Construction 1019280.00 1004357.00 1133039.00 516259.00 MXN Million [+]
GDP From Manufacturing 2472413.00 2447004.00 2472413.00 1323946.00 MXN Million [+]
GDP From Mining 828001.00 845222.00 1143784.00 811913.00 MXN Million [+]
GDP From Public Administration 521075.60 500518.67 526678.93 409689.54 MXN Million [+]
GDP From Services 9042030.62 9024909.32 9278680.87 4325668.12 MXN Million [+]
GDP From Transport 891829.00 866362.00 891829.00 426513.00 MXN Million [+]
GDP From Utilities 308086.00 317433.00 360035.00 105147.00 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 November of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
1.60 1.90 9.00 -9.10 1994 - 2017 percent Quarterly
NSA




GDP annual growth rate by Country
Country Last
China 6.80 Sep/17
India 5.70 Jun/17
Turkey 5.10 Jun/17
Indonesia 5.06 Sep/17
Canada 3.70 Jun/17
South Korea 3.60 Sep/17
Spain 3.10 Sep/17
Netherlands 3.00 Sep/17
Germany 2.80 Sep/17
Euro Area 2.50 Sep/17
United States 2.30 Sep/17
France 2.20 Sep/17
Australia 1.80 Jun/17
Italy 1.80 Sep/17
Russia 1.80 Sep/17
Japan 1.70 Sep/17
Mexico 1.60 Sep/17
United Kingdom 1.50 Sep/17
Brazil 0.30 Jun/17
Switzerland 0.30 Jun/17