Mexico GDP Annual Growth Rate  1994-2017 | Data | Chart | Calendar

The Mexican economy advanced 1.5 percent year-on-year in the third quarter of 2017, below a preliminary estimate of 1.6 percent and slowing from a 1.9 percent reported in the previous period. It was the weakest growth rate since the fourth quarter of 2013 as services and agriculture slowed down while industry shrank less, final figures showed. GDP Annual Growth Rate in Mexico averaged 2.51 percent from 1994 until 2017, 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 Revised Down to 1.5% in Q3


The Mexican economy advanced 1.5 percent year-on-year in the third quarter of 2017, below a preliminary estimate of 1.6 percent and slowing from a 1.9 percent reported in the previous period. It was the weakest growth rate since the fourth quarter of 2013 as services and agriculture slowed down while industry shrank less, final figures showed.

The services sector rose 2.4 percent, matching the preliminary estimate and easing from a 3.1 percent increase in the previous quarter. Activities slowed mostly for: retail trade (0.2 percent vs 5.7 percent in Q2); transportation (2.4 percent vs 3.5 percent); information and communication (6.2 percent vs 6.9 percent); financial and insurance (8.2 percent vs 9.8 percent); real estate activities (1.4 percent vs 2 percent); health (2.5 percent vs 3.3 percent); cultural and sports activities (2.4 percent vs 4.6 percent). Also, output declined for professional, scientific and technical activities (-5.8 percent vs 2.9 percent) and education (-2.3 percent vs -1 percent).

The agricultural sector went up 0.9 percent, in line with the first figure but below a 1.4 percent growth in the prior quarter.

Industrial production tumbled 0.7 percent, compared to a 0.5 percent fall in the previous release but better than a 1.4 percent contraction in the second quarter. Production was mostly affected by mining (-10.7 percent vs -8.2 percent), due to lower output from oil (-12.2 percent vs -8 percent); construction (-1.4 percent vs -3.7 percent); utilities (-0.6 percent vs -0.7 percent). Meantime, the manufacturing sector rose at a faster pace (3.2 percent vs 2.1 percent).

On a quarterly basis, the economy contracted 0.3 percent, worse than a preliminary estimate of a 0.2 percent decrease, and compared to a downwardly revised 0.3 percent gain in the second quarter. It was the first contraction since the fourth quarter of 2015.


INEGI | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
11/24/2017 3:53:52 PM



Calendar GMT Actual Previous Consensus TEForecast
2017-08-22 01:00 PM GDP Growth Rate YoY Final 1.8% 2.8% 1.8% 1.8%
2017-10-31 02:00 PM GDP Growth Rate YoY Prel 1.6% 1.9% 1.5%
2017-11-24 02:00 PM GDP Growth Rate YoY Final 1.5% 1.9% 1.6%
2018-01-31 02:00 PM GDP Growth Rate YoY Prel 1.5%
2018-02-22 02:00 PM GDP Growth Rate YoY Final
2018-04-28 01:00 PM GDP Growth Rate YoY Prel


Mexico GDP Last Previous Highest Lowest Unit
GDP Growth Rate -0.30 0.30 2.90 -5.80 percent [+]
GDP Annual Growth Rate 1.50 1.90 9.00 -9.10 percent [+]
GDP 1046.00 1151.04 1298.40 13.06 USD Billion [+]
GDP Constant Prices 18103081.97 18155939.82 18155939.82 9744894.50 MXN Million [+]
Gross Fixed Capital Formation 3085988.00 3077463.23 3151045.27 1254266.37 MXN Million [+]
GDP per capita 9707.10 9613.00 9707.10 3686.39 USD [+]
GDP per capita PPP 16831.10 16667.80 16831.10 12584.50 USD [+]
GDP From Agriculture 481009.82 594519.55 669461.69 326544.91 MXN Million [+]
GDP From Construction 1273686.00 1253170.00 1348470.00 616361.00 MXN Million [+]
GDP From Manufacturing 2894739.00 2866794.00 2894739.00 1579762.00 MXN Million [+]
GDP From Mining 911741.00 954428.00 1339290.00 911741.00 MXN Million [+]
GDP From Public Administration 687633.62 718061.00 731016.84 552862.50 MXN Million [+]
GDP From Services 11273873.33 11401392.89 11561916.17 5606905.89 MXN Million [+]
GDP From Transport 1158472.00 1164350.00 1164350.00 557632.00 MXN Million [+]
GDP From Utilities 285586.00 270290.00 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 recent years, exports of manufactured products have been expanding more than 10 percent per year, mostly due to the increase in car production. Nevertheless, in order to keep the current pace of growth the country needs to reduce its dependence on the United States; increase its tax base and open the state-controlled energy sector. 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 December of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
1.50 1.90 9.00 -9.10 1994 - 2017 percent Quarterly
NSA




GDP annual growth rate by Country
Country Last
Turkey 11.10 Sep/17
China 6.80 Sep/17
India 6.30 Sep/17
Indonesia 5.06 Sep/17
South Korea 3.80 Sep/17
Spain 3.10 Sep/17
Canada 3.00 Sep/17
Netherlands 3.00 Sep/17
Australia 2.80 Sep/17
Germany 2.80 Sep/17
Euro Area 2.60 Sep/17
United States 2.30 Sep/17
France 2.20 Sep/17
Japan 2.10 Sep/17
Russia 1.80 Sep/17
Italy 1.70 Sep/17
Mexico 1.50 Sep/17
United Kingdom 1.50 Sep/17
Brazil 1.40 Sep/17
Switzerland 1.20 Sep/17