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

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. 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.

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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.

The services sector advanced 2.4 percent, below the preliminary estimate of a 2.6 percent growth, but at the same pace as in the previous period. Output increased less for financial services and insurance (5.4 percent vs 8 percent); real estate activities (0.7 percent vs 1.4 percent); information and communication (3.9 percent vs 6.2 percent); health and social activities (1.9 percent vs 2.5 percent) while it fell for professional, scientific and technical activities (-5.8 percent vs -5.6 percent) and business services (-1.6 percent vs -0.5 percent). In contrast, faster growth was reported for wholesale trade (4.9 percent vs 4 percent in Q3); retail trade (2 percent vs 0.2 percent); transportation (2.7 percent vs 2.6 percent) and cultural and sports activities (3.2 percent vs 2.4 percent).

Industrial activity contracted 1 percent, compared to a 0.7 percent fall in the preliminary estimate and more than a downwardly revised 0.6 percent drop in the third quarter. Mining continued to shrink (-8.8 percent vs -10.7 percent) due to lower oil output (-9.8 percent vs -12.3 percent). Also, contraction was reported for construction (-1.3 percent vs -1.1 percent) and utilities (-0.6 percent vs -0.4 percent) while the manufacturing sector rose at a slower pace (1.8 percent vs 3.4 percent).

The agricultural sector grew 4.2 percent, in line with the first figure and better than an upwardly revised 2.1 percent rise in the prior period.

On a quarterly basis, the GDP advanced 0.8 percent, below an initial estimate of a 1 percent growth, while rebounding from a downwardly revised 0.2 percent fall in the previous quarter. Still, it was the strongest expansion in four quarters.

INEGI | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
2/23/2018 4:22:23 PM

Recent Releases

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

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.
Published on 2017-11-24

Mexico Economy Grows the Least Since Q4 of 2013
The Mexican gross domestic product advanced 1.6 percent year-on-year in the third quarter of 2017, compared to an upwardly revised 1.9 percent expansion in the previous period. It was the lowest growth rate since the fourth quarter of 2013, mainly due to a slowdown in output of services and agriculture while the industrial sector fell less, preliminary estimates showed.
Published on 2017-10-31

Mexico GDP Growth Weakest Since 2014
The Mexican economy advanced 1.8 percent year-on-year in the second quarter of 2017, in line with the first estimate but well below a 2.8 percent expansion reported in the previous period. It is the lowest growth rate since the second quarter of 2014, mainly due to a slowdown in output of services and agriculture while industrial sector shrank, final estimates showed. On a quarterly basis, the GDP grew 0.6 percent, in line with an earlier figure but slightly lower than a 0.7 percent increase in the first quarter of 2017.
Published on 2017-08-22

Calendar	GMT		Actual	Previous	TEForecast
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%	1.6%	1.8%
2018-04-30	01:00 PM	GDP Growth Rate YoY Prel		1.5%	1.8%
2018-05-23	01:00 PM	GDP Growth Rate YoY Final		1.5%
2018-07-31	01:00 PM	GDP Growth Rate YoY Final

Mexico GDP	Last	Previous	Highest	Lowest	Unit
GDP Growth Rate	0.80	-0.20	2.90	-5.80	percent	[+]
GDP Annual Growth Rate	1.50	1.60	9.00	-9.10	percent	[+]
GDP	1046.92	1152.26	1298.46	13.06	USD Billion	[+]
GDP Constant Prices	18265652.00	18124035.00	18265652.00	9744962.00	MXN Million	[+]
Gross Fixed Capital Formation	3688507.74	3726049.54	3839009.78	1480440.16	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	697654.62	486853.22	697654.62	326544.91	MXN Million	[+]
GDP From Construction	1331340.00	1276678.00	1348470.00	616361.00	MXN Million	[+]
GDP From Manufacturing	2884762.00	2897757.00	2897757.00	1579762.00	MXN Million	[+]
GDP From Mining	902917.00	911459.00	1339290.00	902917.00	MXN Million	[+]
GDP From Public Administration	728227.58	686229.64	731016.84	552862.50	MXN Million	[+]
GDP From Services	11838138.28	11276276.31	11838138.28	5606905.89	MXN Million	[+]
GDP From Transport	1187303.00	1160950.00	1187303.00	557632.00	MXN Million	[+]
GDP From Utilities	265810.00	286066.00	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 April of 2018.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	1.50	1.60	9.00	-9.10	1994 - 2017	percent	Quarterly	NSA

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GDP annual growth rate by Country

Country	Last		Previous	Highest	Lowest
Turkey	7.30	Dec/17	11.3	11.7	-14.4	%	Quarterly
India	7.20	Dec/17	6.5	11.4	-5.2	%	Quarterly
China	6.80	Mar/18	6.8	15.4	3.8	%	Quarterly
Indonesia	5.19	Dec/17	5.06	7.16	1.56	%	Quarterly
Spain	3.10	Dec/17	3.1	5.6	-4.3	%	Quarterly
Canada	2.90	Dec/17	3	8.8	-4.1	%	Quarterly
Germany	2.90	Dec/17	2.7	7.2	-6.8	%	Quarterly
Netherlands	2.90	Dec/17	3	6.1	-4.9	%	Quarterly
South Korea	2.80	Dec/17	3.8	20.8	-7.3	%	Quarterly
Euro Area	2.70	Dec/17	2.7	5	-5.5	%	Quarterly
United States	2.60	Dec/17	2.3	13.4	-4.1	%	Quarterly
France	2.50	Dec/17	2.3	12.5	-3.8	%	Quarterly
Australia	2.40	Dec/17	2.9	9	-3.5	%	Quarterly
Brazil	2.10	Dec/17	1.4	10.1	-5.6	%	Quarterly
Japan	2.00	Dec/17	1.9	9.4	-8.8	%	Quarterly
Switzerland	1.90	Dec/17	1.2	5.8	-3.4	%	Quarterly
Italy	1.60	Dec/17	1.7	10.3	-7.2	%	Quarterly
Mexico	1.50	Dec/17	1.6	9	-9.1	%	Quarterly
United Kingdom	1.40	Dec/17	1.8	9.7	-5.9	%	Quarterly
Russia	0.90	Dec/17	2.2	12.1	-11.2	%	Quarterly