Mexico GDP Annual Growth Rate

The gross domestic product in Mexico advanced 1.3 percent year-on-year in the first quarter of 2019, easing from a 1.7 percent expansion in the previous period, a preliminary estimate showed. It is the slowest growth rate since the first quarter of 2018. GDP Annual Growth Rate in Mexico averaged 2.47 percent from 1994 until 2019, 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.

GDP Annual Growth Rate in Mexico is expected to be 1.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Mexico to stand at 1.80 in 12 months time. In the long-term, the Mexico GDP Annual Growth Rate is projected to trend around 1.10 percent in 2020, according to our econometric models.

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Calendar	GMT		Actual	Previous	Consensus	TEForecast
2018-11-23	02:00 PM	GDP Growth Rate YoY Final	2.5%	2.6%	2.6%	2.6%
2019-01-30	02:00 PM	GDP Growth Rate YoY Prel	1.8%	2.5%	2.6%	2.2%
2019-02-25	02:00 PM	GDP Growth Rate YoY Final	1.7%	2.5%	1.8%	2.3%
2019-04-30	01:00 PM	GDP Growth Rate YoY Prel	1.3%	1.7%		1.4%
2019-05-24	01:00 PM	GDP Growth Rate YoY Final		1.7%	1.8%	1.3%
2019-07-31	01:00 PM	GDP Growth Rate YoY Prel				1.9%
2019-08-23	01:00 PM	GDP Growth Rate YoY Final				1.9%

Mexico GDP Annual Growth at 1-Year Low of 1.3%

The gross domestic product in Mexico advanced 1.3 percent year-on-year in the first quarter of 2019, easing from a 1.7 percent expansion in the previous period, a preliminary estimate showed. It is the slowest growth rate since the first quarter of 2018.

Services advanced 1.9 percent, slowing from a 2.7 percent rise in the fourth quarter of 2018 and the industrial sector continued to contract (-0.7 percent from -0.9 percent). On the other hand, primary activities (5.9 percent from 3 percent) expanded faster.

On a quarterly basis, the economy shrank 0.2 percent, after a 0.2 percent advance in the last quarter of 2018.

INEGI | Agna Gabriel | agna.gabriel@tradingeconomics.com
4/30/2019 1:13:35 PM

News

Mexico GDP Annual Growth Revised Down to 1.7% in Q4
The gross domestic product in Mexico advanced 1.7 percent year-on-year in the fourth quarter of 2018, below an earlier estimate of 1.8 percent and compared to a 2.5 percent growth in the previous period. Figures also came worse than market expectations of a 1.8 percent rise. It is the weakest growth in three quarters, as services slowed and the industrial sector contracted.
Published on 2019-02-25

Mexico GDP Annual Growth Slows to 1.8% in Q4
The gross domestic product in Mexico advanced 1.8 percent year-on-year in the fourth quarter of 2018, following a 2.5 percent rise in the previous period, a preliminary estimate showed. It is the slowest growth in three quarters, as services rose less and industrial activity contracted. Meanwhile, primary activities expanded faster.
Published on 2019-01-30

Mexico Annual GDP Growth Revised Down to 2.5% in Q3
The Mexican economy expanded 2.5 percent year-on-year in the third quarter of 2018, below a preliminary figure of 2.6 percent and a 2.6 percent rise in the previous quarter, mainly as services grew less than initially estimated.
Published on 2018-11-23

Mexico GDP Annual Growth Rate at 2.6% in Q3
The Mexican economy expanded 2.6 percent year-on-year in the third quarter of 2018, the same as in the previous period, a preliminary estimate showed. It remained the strongest growth rate since the first quarter of 2017, mainly due to services and primary activities. Meantime, the industrial sector grew at a slower pace.
Published on 2018-10-30

Mexico GDP	Last	Previous	Highest	Lowest	Unit
GDP Growth Rate	-0.20	0.20	3.20	-5.70	percent	[+]
GDP Annual Growth Rate	1.30	1.70	9.00	-9.10	percent	[+]
GDP	1150.89	1077.78	1314.56	13.04	USD Billion	[+]
GDP Constant Prices	18614517.00	18568290.00	18614517.00	9736483.00	MXN Million	[+]
Gross Fixed Capital Formation	3751715.65	3778904.08	3839534.10	1475314.61	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	711166.10	490607.15	711166.10	326544.91	MXN Million	[+]
GDP From Construction	1304744.00	1290048.00	1349021.00	616361.00	MXN Million	[+]
GDP From Manufacturing	2936747.00	2964295.00	2964295.00	1579762.00	MXN Million	[+]
GDP From Mining	849324.00	894981.00	1339290.00	849324.00	MXN Million	[+]
GDP From Public Administration	716017.67	686645.27	747616.63	552862.50	MXN Million	[+]
GDP From Services	12146159.32	11623933.11	12146159.32	5606905.89	MXN Million	[+]
GDP From Transport	1224615.00	1207871.00	1224615.00	557632.00	MXN Million	[+]
GDP From Utilities	268315.00	295364.00	295364.00	93738.00	MXN Million	[+]

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 May of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	1.30	1.70	9.00	-9.10	1994 - 2019	percent	Quarterly	NSA

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Country	Last		Previous	Range
India	6.60	Dec/18	7	11.4 : -5.2	%
China	6.40	Mar/19	6.4	15.4 : 3.8	%
Indonesia	5.07	Mar/19	5.18	7.16 : 1.56	%
Saudi Arabia	3.60	Dec/18	2.5	24.2 : -20.7	%
United States	3.20	Mar/19	3	13.4 : -3.9	%
Spain	2.40	Mar/19	2.3	5.6 : -4.3	%
Australia	2.30	Dec/18	2.7	9 : -3.4	%
South Korea	1.80	Mar/19	3.1	20.8 : -7.3	%
United Kingdom	1.80	Mar/19	1.4	9.7 : -6.1	%
Netherlands	1.70	Mar/19	2.2	6.1 : -4.6	%
Canada	1.60	Dec/18	1.9	9.3 : -4.1	%
Switzerland	1.40	Dec/18	2.4	5.8 : -3.7	%
Mexico	1.30	Mar/19	1.7	9 : -9.1	%
Singapore	1.30	Mar/19	1.9	19 : -8.8	%
Euro Area	1.20	Mar/19	1.2	5 : -5.5	%
Brazil	1.10	Dec/18	1.3	10.1 : -5.5	%
France	1.10	Mar/19	1	12.6 : -3.8	%
South Africa	1.10	Dec/18	1.3	7.1 : -2.6	%
Germany	0.70	Mar/19	0.6	7.2 : -6.8	%
Russia	0.50	Mar/19	2.7	12.1 : -11.2	%
Japan	0.30	Dec/18	0.1	9.4 : -8.8	%
Italy	0.10	Mar/19	0	10.3 : -7.2	%
Turkey	-3.00	Dec/18	1.8	11.7 : -14.4	%
Argentina	-6.20	Dec/18	-3.7	16.2 : -16.3	%