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

The Mexican economy grew 2.7 percent year-on-year in the second quarter of 2018, following a 1.3 percent expansion in the previous quarter, the preliminary figure showed. It was the strongest GDP growth since the first quarter of 2017. 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.

Mexico GDP Annual Growth Rate
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Mexico GDP Growth Strongest in Over a Year


The Mexican economy grew 2.7 percent year-on-year in the second quarter of 2018, following a 1.3 percent expansion in the previous quarter, the preliminary figure showed. It was the strongest growth of gross domestic product since the first quarter of 2017, mainly due to industry and services.

Industry increased 1.4 percent, after contracting for four consecutive quarters (-0.8 percent in Q1). Additionally, the services sector advanced at a faster pace (3.4 percent compared to 2.0 percent). In contrast, the agricultural output growth slowed to 1.8 percent from 1.3 percent in the previous period. 

On a quarterly basis, the economy shrank 0.1 percent, falling from a 1.1 percent expansion in the first quarter of the year.


INEGI | Stefanie Moya | stefanie.moya@tradingeconomics.com
7/31/2018 1:17:30 PM



Calendar GMT Actual Previous Consensus TEForecast
2018-04-30 01:00 PM GDP Growth Rate YoY Prel 1.2% 1.5% 1.8%
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 1.3% 2.5%
2018-10-30 02:00 PM GDP Growth Rate YoY Prel 2.0%
2018-11-23 02:00 PM GDP Growth Rate YoY Final 2.0%


Mexico GDP Last Previous Highest Lowest Unit
GDP Growth Rate -0.10 1.10 3.20 -5.70 percent [+]
GDP Annual Growth Rate 2.70 1.30 9.00 -9.10 percent [+]
GDP 1149.92 1076.91 1314.39 13.04 USD Billion [+]
GDP Constant Prices 18500051.00 18293694.00 18500051.00 9737570.00 MXN Million [+]
Gross Fixed Capital Formation 3849959.74 3729653.04 3849959.74 1475581.33 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 564856.27 695814.46 695814.46 326544.91 MXN Million [+]
GDP From Construction 1294645.00 1331383.00 1348313.00 616361.00 MXN Million [+]
GDP From Manufacturing 2868082.00 2892864.00 2905043.00 1579762.00 MXN Million [+]
GDP From Mining 914464.00 900706.00 1339290.00 900706.00 MXN Million [+]
GDP From Public Administration 700814.40 724649.53 727212.69 552862.50 MXN Million [+]
GDP From Services 11305021.43 11826733.38 11826733.38 5606905.89 MXN Million [+]
GDP From Transport 1162121.00 1183707.00 1183707.00 557632.00 MXN Million [+]
GDP From Utilities 249595.00 265810.00 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 August of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
2.70 1.30 9.00 -9.10 1994 - 2018 percent Quarterly
NSA




GDP annual growth rate by Country
Country Last
India 7.70 Mar/18
Turkey 7.40 Mar/18
China 6.70 Jun/18
Indonesia 5.27 Jun/18
Australia 3.10 Mar/18
Netherlands 2.90 Jun/18
South Korea 2.90 Jun/18
United States 2.80 Jun/18
Mexico 2.70 Jun/18
Spain 2.70 Jun/18
Canada 2.30 Mar/18
Euro Area 2.20 Jun/18
Switzerland 2.20 Mar/18
Germany 2.00 Jun/18
Russia 1.80 Jun/18
France 1.70 Jun/18
United Kingdom 1.30 Jun/18
Brazil 1.20 Mar/18
Italy 1.10 Jun/18
Japan 1.00 Jun/18


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