Mexico’s gross domestic product expanded 1.8 percent from a year earlier in the first quarter of 2022, accelerating from a 1.1 percent increase in the previous period and above preliminary estimates of 1.6 percent. Manufacturing activity grew the most (3.1 percent vs. 1.7 percent in Q4), while output rose faster for services (0.9 percent vs. 0.3 percent). On the other hand, the primary sector experienced a sharp slowdown (1.9 percent vs. 4.6 percent). On a quarterly basis, the Mexican economy rose by 1.0 percent, following a flat reading in the previous quarter. source: Instituto Nacional de Estadística y Geografía (INEGI)
GDP Annual Growth Rate in Mexico averaged 2.11 percent from 1994 until 2022, reaching an all time high of 19.90 percent in the second quarter of 2021 and a record low of -18.70 percent in the second quarter of 2020. This page provides - Mexico GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Mexico GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on July of 2022.
GDP Annual Growth Rate in Mexico is expected to be 0.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Mexico GDP Annual Growth Rate is projected to trend around 2.00 percent in 2023 and 2.20 percent in 2024, according to our econometric models.