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. GDP Annual Growth Rate in Mexico averaged 2.49 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.

GDP Annual Growth Rate in Mexico is expected to be 2.20 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 2.30 in 12 months time. In the long-term, the Mexico GDP Annual Growth Rate is projected to trend around 1.40 percent in 2020, according to our econometric models.

Mexico GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
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 2.6% 1.4% 2.5%
2018-10-30 02:00 PM GDP Growth Rate YoY Prel 2.6% 2.6% 2.4%
2018-11-23 02:00 PM GDP Growth Rate YoY Final 2.6% 2.6% 2.6%



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.

Services advanced 3.4 percent, after rising 3.3 percent in the second quarter and primary activities grew 2.2 percent, following a 1.8 percent growth in the previous period. On the other hand, the industrial sector expanded at a slower pace (1.1 percent vs 1.3 percent in Q2).

On a quarterly basis, the economy grew 0.9 percent, recovering from a 0.2 percent contraction in the second quarter of 2018.


INEGI Luisa Carvalho | luisa.carvalho@tradingeconomics.com
10/30/2018 2:29:20 PM



Mexico GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.90 -0.20 3.20 -5.70 percent [+]
GDP Annual Growth Rate 2.60 2.60 9.00 -9.10 percent [+]
GDP 1149.92 1076.91 1314.39 13.04 USD Billion [+]
GDP Constant Prices 18441674.00 18469975.00 18469975.00 9736454.00 MXN Million [+]
Gross Fixed Capital Formation 3808150.84 3833748.37 3836735.65 1475244.17 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 610395.65 564795.44 695814.46 326544.91 MXN Million [+]
GDP From Construction 1285128.00 1295018.00 1348313.00 616361.00 MXN Million [+]
GDP From Manufacturing 2957793.00 2867198.00 2957793.00 1579762.00 MXN Million [+]
GDP From Mining 893411.00 914474.00 1339290.00 893411.00 MXN Million [+]
GDP From Public Administration 743888.26 700845.33 743888.26 552862.50 MXN Million [+]
GDP From Services 11762116.59 11315248.38 11826733.38 5606905.89 MXN Million [+]
GDP From Transport 1205541.00 1162267.00 1205541.00 557632.00 MXN Million [+]
GDP From Utilities 276360.00 251642.00 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 November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
2.60 2.60 9.00 -9.10 1994 - 2018 percent Quarterly
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Country Last
India 8.20 Jun/18
China 6.50 Sep/18
Turkey 5.20 Jun/18
Indonesia 5.17 Sep/18
Australia 3.40 Jun/18
Switzerland 3.40 Jun/18
United States 3.00 Sep/18
Mexico 2.60 Sep/18
Singapore 2.60 Sep/18
Spain 2.50 Sep/18
Netherlands 2.40 Sep/18
South Korea 2.00 Sep/18
Canada 1.90 Jun/18
Euro Area 1.70 Sep/18
Saudi Arabia 1.61 Jun/18
France 1.50 Sep/18
United Kingdom 1.50 Sep/18
Russia 1.30 Sep/18
Germany 1.10 Sep/18
Brazil 1.00 Jun/18
Italy 0.80 Sep/18
South Africa 0.40 Jun/18
Japan 0.30 Sep/18
Argentina -4.20 Jun/18


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