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

The Mexican economy expanded 2.6 percent year-on-year in the second quarter of 2018, below a preliminary figure of 2.7 percent and following an upwardly revised 1.4 percent growth in the previous quarter. It was the strongest growth rate since the first quarter of 2017, driven by services and industrial 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.

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Mexico Annual GDP Growth Revised Down to 2.6% in Q2

The Mexican economy expanded 2.6 percent year-on-year in the second quarter of 2018, below a preliminary figure of 2.7 percent and following an upwardly revised 1.4 percent growth in the previous quarter. It was the strongest growth rate since the first quarter of 2017, driven by services and industrial sector.

The services sector advanced 3.3 percent, down from a 3.4 percent in the preliminary estimate and higher than a 2.1 percent expansion in the prior period. Faster growth was recorded in wholesale trade (3.6 percent compared to 2.4 percent in Q1); retail trade (3.6 percent compared to 3.2 percent); real estate activities (2.3 percent compared to 1.2 percent); financial services and insurance (4.9 percent compared to 4.4 percent); information and communication (7.6 percent compared to 3.0 percent) and transportation (3.7 percent compared to 2.8 percent). Also, output rebounded for business services (1.4 percent compared to -3.2 percent) and education (1.8 percent compared to -0.8 percent). In contrast, production fell further for cultural and sports activities (-1.2 percent compared to -0.1 percent) and growth slowed for social assitance (2.3 percent compared to 3.0 percent).

Industrial activity rebounded to 1.3 percent from a 0.8 percent contraction in the first quarter of the year and below a 1.4 percent expansion in the preliminary figure. Manufactury sector advanced 3.3 percent, after shrinking 0.2 percent in the previous period. Additionally, output rose faster for construction (2.5 percent compared to 1.5 percent) and utilities (1.9 percent compared to 0.8 percent). Meanwhile, mining contracted 6.1 percent, the same pace as in the prior quarter.

The agricultural sector grew 1.8 percent, in line with the preliminary estimate and well below a 5.4 percent expansion in the prior period. It was the weakest growth in the agricultural sector since the first quarter of 2016.

On a quarterly basis, the economy shrank 0.2 percent, more than a preliminary estimate of a 0.1 percent contraction and after expanding 1.0 percent in the first quarter.

INEGI | Stefanie Moya | stefanie.moya@tradingeconomics.com
8/24/2018 1:35:40 PM

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Calendar	GMT		Actual	Previous	Consensus	TEForecast
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	2.7%	1.3%		1.4%
2018-08-24	01:00 PM	GDP Growth Rate YoY Final	2.6%	1.4%		2.5%
2018-10-30	02:00 PM	GDP Growth Rate YoY Prel		2.6%		2.7%
2018-11-23	02:00 PM	GDP Growth Rate YoY Final				2.7%

Mexico GDP	Last	Previous	Highest	Lowest	Unit
GDP Growth Rate	-0.20	1.00	3.20	-5.70	percent	[+]
GDP Annual Growth Rate	2.60	1.40	9.00	-9.10	percent	[+]
GDP	1149.92	1076.91	1314.39	13.04	USD Billion	[+]
GDP Constant Prices	18441674.00	18469975.00	18469975.00	9736454.00	MXN Million	[+]
Gross Fixed Capital Formation	3808150.84	3833748.37	3836735.65	1475244.17	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	610395.65	564795.44	695814.46	326544.91	MXN Million	[+]
GDP From Construction	1285128.00	1295018.00	1348313.00	616361.00	MXN Million	[+]
GDP From Manufacturing	2957793.00	2867198.00	2957793.00	1579762.00	MXN Million	[+]
GDP From Mining	893411.00	914474.00	1339290.00	893411.00	MXN Million	[+]
GDP From Public Administration	743888.26	700845.33	743888.26	552862.50	MXN Million	[+]
GDP From Services	11762116.59	11315248.38	11826733.38	5606905.89	MXN Million	[+]
GDP From Transport	1205541.00	1162267.00	1205541.00	557632.00	MXN Million	[+]
GDP From Utilities	276360.00	251642.00	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 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 September of 2018.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	2.60	1.40	9.00	-9.10	1994 - 2018	percent	Quarterly	NSA

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GDP annual growth rate by Country

Country	Last		Previous	Highest	Lowest
India	8.20	Jun/18	7.7	11.4	-5.2	%	Quarterly
China	6.70	Jun/18	6.8	15.4	3.8	%	Quarterly
Indonesia	5.27	Jun/18	5.06	7.16	1.56	%	Quarterly
Turkey	5.20	Jun/18	7.3	11.7	-14.4	%	Quarterly
Singapore	3.90	Jun/18	4.5	19	-8.8	%	Quarterly
Australia	3.40	Jun/18	3.2	9	-3.4	%	Quarterly
Switzerland	3.40	Jun/18	2.9	5.8	-3.7	%	Quarterly
Netherlands	3.10	Jun/18	2.8	6.1	-4.6	%	Quarterly
United States	2.90	Jun/18	2.6	13.4	-3.9	%	Quarterly
South Korea	2.80	Jun/18	2.8	19.6	-7.4	%	Quarterly
Spain	2.70	Jun/18	3	5.6	-4.3	%	Quarterly
Mexico	2.60	Jun/18	1.4	9	-9.1	%	Quarterly
Euro Area	2.10	Jun/18	2.4	5	-5.5	%	Quarterly
Germany	2.00	Jun/18	2.1	7.2	-6.8	%	Quarterly
Canada	1.90	Jun/18	2.3	9.3	-4.1	%	Quarterly
Russia	1.90	Jun/18	1.3	12.1	-11.2	%	Quarterly
France	1.70	Jun/18	2.2	12.6	-3.8	%	Quarterly
United Kingdom	1.30	Jun/18	1.2	9.7	-6.1	%	Quarterly
Italy	1.20	Jun/18	1.4	10.3	-7.2	%	Quarterly
Saudi Arabia	1.15	Mar/18	-1.18	24.2	-20.7	%	Quarterly
Brazil	1.00	Jun/18	1.2	10.1	-5.6	%	Quarterly
Japan	1.00	Jun/18	1	9.4	-8.8	%	Quarterly
South Africa	0.40	Jun/18	0.8	7.1	-2.6	%	Quarterly
Argentina	-4.20	Jun/18	3.9	16.2	-16.3	%	Quarterly