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

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 boosted by construction activity in the aftermath of September's natural disasters. Services and agricultural activities grew faster while industrial production declined, preliminary estimates showed. GDP Annual Growth Rate in Mexico averaged 2.50 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 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.

The services sector advanced 2.6 percent, following a 2.4 percent increase in the third quarter and agricultural activities grew 4.2 percent, much higher than a 0.9 percent rise in the previous period. Meantime, industrial production fell 0.7 percent, the same pace as in the previous period.

In 2017, the economy expanded 2.1 percent, slowing down from 2016 when it grew 2.9 percent. Services were the main driver of growth, expanding 3.1 percent while industrial production contracted 0.6 percent due to drop in oil and gas output and the impact of government budget cuts on construction activity. The central bank expects the country's GDP to grow between 2 percent and 3 percent in 2018.

On a quarterly basis, the GDP expanded 1 percent, recovering from a 0.3 percent contraction in the previous quarter. It was the fastest growth in a year.


INEGI | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
1/30/2018 5:55:17 PM



Calendar GMT Actual Previous Consensus TEForecast
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%
2018-01-30 02:00 PM GDP Growth Rate YoY Prel 1.8% 1.5% 1.7%
2018-02-23 02:00 PM GDP Growth Rate YoY Final 1.5% 1.8%
2018-04-30 01:00 PM GDP Growth Rate YoY Prel 2.10%
2018-05-23 01:00 PM GDP Growth Rate YoY Final


Mexico GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.00 -0.30 2.90 -5.80 percent [+]
GDP Annual Growth Rate 1.80 1.50 9.00 -9.10 percent [+]
GDP 1046.92 1152.26 1298.46 13.06 USD Billion [+]
GDP Constant Prices 18103081.97 18155939.82 18155939.82 9744894.50 MXN Million [+]
Gross Fixed Capital Formation 3729559.06 3738586.87 3841808.86 1480418.85 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 February of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
1.80 1.50 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 Dec/17
India 6.30 Sep/17
Indonesia 5.19 Dec/17
Spain 3.10 Dec/17
Canada 3.00 Sep/17
South Korea 3.00 Dec/17
Germany 2.90 Dec/17
Netherlands 2.90 Dec/17
Australia 2.80 Sep/17
Euro Area 2.70 Dec/17
United States 2.50 Dec/17
France 2.40 Dec/17
Mexico 1.80 Dec/17
Russia 1.80 Sep/17
Italy 1.60 Dec/17
Japan 1.50 Dec/17
United Kingdom 1.50 Dec/17
Brazil 1.40 Sep/17
Switzerland 1.20 Sep/17


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