Mexico GDP Growth Tops Estimates

2026-10-30 12:09 By Joana Taborda 1 min. read

The Mexican economy expanded 0.9% qoq in Q3 2026, slowing from a 1.4% growth in Q2 but beating market expectations of a 0.7% rise, preliminary estimates showed.

The services sector grew 1.1% and the industrial one rose 0.8% while primary activities contracted 0.4%.

Year-on-year, non-seasonally adjusted data shows the economy rose 3.2%, the most in three years, above 2.1% in Q2.

Considering the first nine months of the year, the GDP expanded 1.9%.

The Mexican economy is expected to grow 1.5% n 2026 according to the IMF, much higher than 0.5% in 2025 amid continued support from exports, including through AI value chains, and stabilizing investment, but trade and other uncertainties will continue to constrain activity.

Exports in the first nine months of 2026 surged 30.4% at current prices, with shipments of electronic products and computer equipment more than doubling year-on-year every month since March, according to Mexico’s Finance Minister.

Imports rose at a slightly slower 27.5%.



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Mexico GDP Growth Tops Estimates
The Mexican economy expanded 0.9% qoq in Q3 2026, slowing from a 1.4% growth in Q2 but beating market expectations of a 0.7% rise, preliminary estimates showed. The services sector grew 1.1% and the industrial one rose 0.8% while primary activities contracted 0.4%. Year-on-year, non-seasonally adjusted data shows the economy rose 3.2%, the most in three years, above 2.1% in Q2. Considering the first nine months of the year, the GDP expanded 1.9%. The Mexican economy is expected to grow 1.5% n 2026 according to the IMF, much higher than 0.5% in 2025 amid continued support from exports, including through AI value chains, and stabilizing investment, but trade and other uncertainties will continue to constrain activity. Exports in the first nine months of 2026 surged 30.4% at current prices, with shipments of electronic products and computer equipment more than doubling year-on-year every month since March, according to Mexico’s Finance Minister. Imports rose at a slightly slower 27.5%.
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