Economic activity in Mexico increased 1.2% year-on-year in the second quarter of 2026, marking the strongest yearly expansion since the fourth quarter of 2023, supported mainly by primary activities. GDP Annual Growth Rate in Mexico averaged 2.01 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)

The Gross Domestic Product (GDP) in Mexico expanded 2.20 percent in the second quarter of 2026 over the same quarter of the previous year.

The Gross Domestic Product (GDP) in Mexico expanded 2.20 percent in the second quarter of 2026 over the same quarter of the previous year. 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.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-05-22 12:00 PM
YoY Final
Q1 0.2% 1.8% 0.1% 0.1%
2026-07-30 12:00 PM
YoY Prel
Q2 2.2% 0.2% 1.5% 1.3%
2026-08-24 12:00 PM
YoY Final
Q2 0.2% 2.2% 2.2%


Related Last Previous Unit Reference
Full Year GDP Growth 0.60 1.50 percent Dec 2025
GDP Growth Rate YoY 2.20 0.20 percent Jun 2026
GDP Constant Prices 25523595.84 25681892.86 MXN Million Mar 2026
GDP from Agriculture 797675.50 993974.00 MXN Million Mar 2026
GDP from Construction 1431267.00 1593564.00 MXN Million Mar 2026
GDP from Manufacturing 5073454.00 5102520.00 MXN Million Mar 2026
GDP from Mining 839710.00 859848.00 MXN Million Mar 2026
GDP from Public Administration 868657.60 886205.90 MXN Million Mar 2026
GDP from Services 15134330.00 15877668.00 MXN Million Mar 2026
GDP from Transport 1857019.00 1920991.00 MXN Million Mar 2026
GDP from Utilities 277342.00 311115.00 MXN Million Mar 2026
GDP Growth Rate 1.50 -0.60 percent Jun 2026
Government Spending 2929386.05 2972996.51 MXN Million Mar 2026
Gross Fixed Capital Formation 5457166.46 5790402.90 MXN Million Mar 2026


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).
Actual Previous Highest Lowest Dates Unit Frequency
2.20 0.20 22.70 -20.30 1994 - 2026 percent Quarterly
NSA