Mexico GDP Annual Growth Rate  1994-2017 | Data | Chart | Calendar

The Mexican economy expanded a non-seasonally adjusted 2.8 percent year-on-year in the first quarter of 2017, higher than 2.7 percent in the preliminary reading and above a downwardly revised 2.3 percent increase in the previous period. It is the biggest growth rate in six quarters as services grew further and industrial output rebounded, final figures showed. GDP Annual Growth Rate in Mexico averaged 2.65 percent from 1994 until 2017, reaching an all time high of 9.20 percent in the fourth quarter of 1996 and a record low of -8.60 percent in the second quarter of 1995.

Mexico GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus Forecast (i)
2017-02-22 02:00 PM Q4 2.4% 2.1% 2.2% 2%
2017-04-28 01:00 PM Q1 2.7% 2.4% 2% 1.8%
2017-05-22 01:00 PM Q1 2.8% 2.3% 2.7% 2.7%
2017-07-31 01:00 PM Q2 2.8% 1.7%
2017-08-22 01:00 PM Q2 2.8% 1.7%
2017-10-31 02:00 PM Q3 1.5%




Mexico GDP Growth At 1-1/2-Year High In Q1


The Mexican economy expanded a non-seasonally adjusted 2.8 percent year-on-year in the first quarter of 2017, higher than 2.7 percent in the preliminary reading and above a downwardly revised 2.3 percent increase in the previous period. It is the biggest growth rate in six quarters as services grew further and industrial output rebounded, final figures showed.

The services sector advanced 3.7 percent, faster than 3.4 percent in the fourth quarter and in line with preliminary figures. Industrial production went up 0.5 percent, above 0.2 percent earlier estimated and following a 0.1 percent drop in the previous period. Agriculture jumped 6.6 percent, above 5.3 percent in the fourth quarter but lower than 6.9 percent in the preliminary reading.

On a quarterly basis, the economy grew a seasonally adjusted 0.7 percent, the same as in Q4 and better than initial estimates of 0.6 percent. 

Joana Taborda | joana.taborda@tradingeconomics.com
5/22/2017 2:21:41 PM


Recent Releases

Mexico Economy Grows 2.7% YoY In Q1
The Mexican economy expanded a non-seasonally adjusted 2.7 percent year-on-year in the first quarter of 2017, following a 2.4 percent growth in the previous period and above market expectations of 2 percent, a preliminary estimate showed. Services and agriculture grew further and industrial output rebounded.
Published on 2017-04-28

Mexico Annual GDP Growth Revised Up To 2.4% In Q4
The Mexican economy advanced 2.4 percent year-on-year in the last quarter of 2016, above 2.2 percent in the first estimate and higher than an upwardly revised 2.1 percent expansion in the previous quarter. Growth was steady for services and accelerated for agriculture while industrial output stalled, compared to a fall initially estimated, final figures showed.
Published on 2017-02-22

Mexico Annual GDP Growth Below Expectations in Q4
The Mexican economy expanded 2.2 percent year-on-year in the last three months of 2016, higher than 2 percent in the previous period but slightly below forecasts of 2.3 percent, preliminary estimates showed.
Published on 2017-01-31

Mexican Economy Expands 2% YoY In Q3
The GDP in Mexico advanced 2 percent year-on-year in the third quarter of 2016, matching preliminary estimates and following 2.6 percent expansion in the previous period. It is the lowest growth rate since the second quarter of 2014, mainly due to a slump in an industrial output.
Published on 2016-11-23



Mexico GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.70 0.70 2.80 -6.20 percent [+]
GDP Annual Growth Rate 2.80 2.30 9.20 -8.60 percent [+]
GDP 1046.00 1151.04 1298.40 13.06 USD Billion [+]
GDP Constant Prices 14689634.00 14592446.00 14689634.00 7729822.00 MXN Million [+]
Gross Fixed Capital Formation 3077463.23 3099658.90 3151045.27 1254266.37 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 430672.39 536698.77 536698.77 268940.80 MXN Million [+]
GDP From Construction 1004357.00 1133039.00 1133039.00 516259.00 MXN Million [+]
GDP From Manufacturing 2447004.00 2439684.00 2447004.00 1323946.00 MXN Million [+]
GDP From Mining 845222.00 862810.00 1143784.00 811913.00 MXN Million [+]
GDP From Public Administration 500518.67 526678.93 526678.93 409689.54 MXN Million [+]
GDP From Services 9024909.32 9278680.87 9278680.87 4325668.12 MXN Million [+]
GDP From Transport 866362.00 882542.00 882542.00 426513.00 MXN Million [+]
GDP From Utilities 317433.00 349198.00 360035.00 105147.00 MXN Million [+]


Mexico GDP Annual Growth Rate Notes

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 July of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
2.80 2.30 9.20 -8.60 1994 - 2017 percent Quarterly
NSA



gdp annual growth rate by Country

Last
China 6.90 Jun/17
India 6.10 Mar/17
Indonesia 5.01 Mar/17
Turkey 5.00 Mar/17
Netherlands 3.20 Mar/17
Spain 3.00 Mar/17
South Korea 2.90 Mar/17
Mexico 2.80 Mar/17
Canada 2.30 Mar/17
United States 2.10 Mar/17
United Kingdom 2.00 Mar/17
Euro Area 1.90 Mar/17
Australia 1.70 Mar/17
Germany 1.70 Mar/17
Japan 1.30 Mar/17
Italy 1.20 Mar/17
France 1.10 Mar/17
Switzerland 1.10 Mar/17
Russia 0.50 Mar/17
Brazil -0.40 Mar/17