The Gross Domestic Product (GDP) in Mexico expanded 2.10 percent in the second quarter of 2026 over the same quarter of the previous year. GDP Annual Growth Rate in Mexico averaged 2.00 percent from 1994 until 2026, reaching an all time high of 22.70 percent in the second quarter of 2021 and a record low of -20.30 percent in the second quarter of 2020. source: Instituto Nacional de Estadística y Geografía (INEGI)
GDP Annual Growth Rate in Mexico is expected to be 1.70 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 2.20 percent in 2027 and 2.00 percent in 2028, according to our econometric models.
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).
|
Actual |
Previous |
Highest |
Lowest |
Dates |
Unit |
Frequency |
|
|
2.10 |
0.20 |
22.70 |
-20.30 |
1994 - 2026 |
percent |
Quarterly |
NSA
|