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.

Mexico GDP Annual Growth Rate
width
height
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.




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



Calendar GMT Actual Previous Consensus 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




GDP annual growth rate by Country
Country Last
Turkey 7.30 Dec/17
India 7.20 Dec/17
China 6.80 Mar/18
Indonesia 5.19 Dec/17
Spain 3.10 Dec/17
Canada 2.90 Dec/17
Germany 2.90 Dec/17
Netherlands 2.90 Dec/17
South Korea 2.80 Dec/17
Euro Area 2.70 Dec/17
United States 2.60 Dec/17
France 2.50 Dec/17
Australia 2.40 Dec/17
Brazil 2.10 Dec/17
Japan 2.00 Dec/17
Switzerland 1.90 Dec/17
Italy 1.60 Dec/17
Mexico 1.50 Dec/17
United Kingdom 1.40 Dec/17
Russia 0.90 Dec/17


Related

Latest