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

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. GDP Annual Growth Rate in Mexico averaged 2.64 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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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.

The services sector rose 3.2 percent, matching preliminary estimate and easing from a 3.7 percent rise in the previous quarter. Activities slowed for: internal trade (2.6 percent vs 3.4 percent in Q1); transportation (3.6 percent vs 4.1 percent); business support services and waste management and remediation (3.1 percent vs 4.1 percent); professional, scientific and technical (3 percent vs 8 percent); corporate services (3.2 percent vs 5.3 percent) and real estate activities (1.8 percent vs 2.4 percent). Meantime, education tumbled (-0.5 percent vs 3.1 percent). Conversely, output expanded faster for restaurants and hotels (7.6 percent vs 0.5 percent); recreation and culture (5 percent vs 2.3 percent) and financial and insurance (9.9 percent vs 9.5 percent).

Industrial production tumbled 1.1, compared to a 1 percent fall in the previous release and a 0.5 percent expansion in the previous quarter. Production was dragged down by mining (-8.5 percent vs -11.6 percent); construction (-1.5 percent vs 1.5 percent) and utilities (-1.9 percent vs -0.5 percent). Meantime, the manufacturing sector rose at a slower pace (2 percent vs 5.2 percent).

The agricultural sector advanced 0.7 percent, in line with the first figure but below a 6.4 percent growth in the previous quarter.

On a quarterly basis, the economy advanced 0.6 percent, slightly below 0.7 percent in the previous period and in line with the preliminary estimate. Yet, it is the weakest expansion in one year.

INEGI | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
8/22/2017 5:10:04 PM



Calendar GMT Actual Previous Consensus TEForecast
2017-05-22 01:00 PM GDP Growth Rate YoY Final 2.8% 2.3% 2.7% 2.7%
2017-07-31 01:00 PM GDP Growth Rate YoY Prel 1.8% 2.8% 1.6% 2.9%
2017-08-22 01:00 PM GDP Growth Rate YoY Final 1.8% 2.8% 1.8% 1.8%
2017-10-31 02:00 PM GDP Growth Rate YoY Prel 1.8% 1.5%
2017-11-24 02:00 PM GDP Growth Rate YoY Final 1.5%


Mexico GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.60 0.70 2.80 -6.20 percent [+]
GDP Annual Growth Rate 1.80 2.80 9.20 -8.60 percent [+]
GDP 1046.00 1151.04 1298.40 13.06 USD Billion [+]
GDP Constant Prices 14771013.00 14689634.00 14771013.00 7729822.00 MXN Million [+]
Gross Fixed Capital Formation 3085988.00 3077463.23 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 478554.03 430672.39 536698.77 268940.80 MXN Million [+]
GDP From Construction 1019280.00 1004357.00 1133039.00 516259.00 MXN Million [+]
GDP From Manufacturing 2472413.00 2447004.00 2472413.00 1323946.00 MXN Million [+]
GDP From Mining 828001.00 845222.00 1143784.00 811913.00 MXN Million [+]
GDP From Public Administration 521075.60 500518.67 526678.93 409689.54 MXN Million [+]
GDP From Services 9042030.62 9024909.32 9278680.87 4325668.12 MXN Million [+]
GDP From Transport 891829.00 866362.00 891829.00 426513.00 MXN Million [+]
GDP From Utilities 308086.00 317433.00 360035.00 105147.00 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 October of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
1.80 2.80 9.20 -8.60 1994 - 2017 percent Quarterly
NSA




gdp annual growth rate by Country

Last
China 6.90 Jun/17
India 5.70 Jun/17
Turkey 5.10 Jun/17
Indonesia 5.01 Jun/17
Canada 3.70 Jun/17
Netherlands 3.30 Jun/17
Spain 3.10 Jun/17
South Korea 2.70 Jun/17
Russia 2.50 Jun/17
Euro Area 2.30 Jun/17
United States 2.20 Jun/17
Germany 2.10 Jun/17
Australia 1.80 Jun/17
France 1.80 Jun/17
Mexico 1.80 Jun/17
Italy 1.50 Jun/17
United Kingdom 1.50 Jun/17
Japan 1.40 Jun/17
Brazil 0.30 Jun/17
Switzerland 0.30 Jun/17