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.

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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

Recent Releases

Mexico Annual GDP Growth Revised Up to 1.3% in Q1
The Mexican economy expanded 1.3 percent year-on-year in the first quarter of 2018, above a preliminary figure of 1.2 percent, following a 1.5 percent growth in the previous quarter and slightly below market expectations of 1.35 percent. It was the weakest growth rate since the last quarter of 2013, mainly due to industrial and services sector.
Published on 2018-05-23

Mexico Annual GDP Growth Slows Further in Q1
The Mexican economy advanced 1.2 percent year-on-year in the first three months of 2018, below 1.5 percent in the previous quarter. It is the lowest growth rate since the last three months of 2013, preliminary estimates showed.
Published on 2018-04-30

Mexico Annual GDP Growth Weakest Since 2013
The Mexican economy grew 1.5 percent year-on-year in the fourth quarter of 2017, below a preliminary estimate of 1.8 percent and compared to an upwardly revised 1.6 percent in the previous period. It was the slowest expansion since the last quarter of 2013, as the industrial activity contracted further and services rose at the same pace. Considering full 2017, the economy grew 2 percent, below 2.1 percent in the previous estimate and 2.9 percent in 2016. It is the lowest growth rate since 2013.
Published on 2018-02-23

Mexico Annual GDP Growth Strengthens in Q4
The Mexican economy expanded 1.8 percent year-on-year in the fourth quarter of 2017, up from a 1.5 percent growth in the previous period. Output rose faster for services and agricultural activities while declined for industrial production, preliminary estimates showed.
Published on 2018-01-30

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

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GDP annual growth rate by Country

Country	Last		Previous	Highest	Lowest
India	7.70	Mar/18	7	11.4	-5.2	%	Quarterly
Turkey	7.40	Mar/18	7.3	11.7	-14.4	%	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
Australia	3.10	Mar/18	2.4	9	-3.4	%	Quarterly
Netherlands	2.90	Jun/18	2.8	6.1	-4.9	%	Quarterly
South Korea	2.90	Jun/18	2.8	19.6	-7.4	%	Quarterly
United States	2.80	Jun/18	2.6	13.4	-3.9	%	Quarterly
Mexico	2.70	Jun/18	1.3	9	-9.1	%	Quarterly
Spain	2.70	Jun/18	3	5.6	-4.3	%	Quarterly
Canada	2.30	Mar/18	3	9.3	-4.1	%	Quarterly
Euro Area	2.20	Jun/18	2.5	5	-5.5	%	Quarterly
Switzerland	2.20	Mar/18	1.9	5.8	-3.4	%	Quarterly
Germany	2.00	Jun/18	2.1	7.2	-6.8	%	Quarterly
Russia	1.80	Jun/18	1.3	12.1	-11.2	%	Quarterly
France	1.70	Jun/18	2.2	12.5	-3.8	%	Quarterly
United Kingdom	1.30	Jun/18	1.2	9.7	-6.1	%	Quarterly
Brazil	1.20	Mar/18	2.1	10.1	-5.6	%	Quarterly
Italy	1.10	Jun/18	1.4	10.3	-7.2	%	Quarterly
Japan	1.00	Jun/18	1	9.4	-8.8	%	Quarterly