The Mexican economy expanded 1.5% on quarter in the three months to June of 2021, in line with preliminary estimates, and booking the 4th consecutive quarter of growth. The services sector jumped 3%, way better than initial estimates of 2.1% due to easing coronavirus restrictions. The agricultural sector also increased more than anticipated (0.8% vs 0.6%) while the industrial sector grew at a slightly weaker pace (0.3% vs 0.4%). Positive spillovers from US economic expansion via rising Mexican exports and stronger terms of trade are likely to continue to support the economy. Still, rising coronavirus infections are a threat as the country is now going through its third wave of infections and as cases continue to rise in Canada and the US, the country's biggest trading partners. Year-on-year, the economy expanded 19.6%, slightly less than initial estimates of a 19.7% surge. Still, it remains the first growth in 2 years. source: Instituto Nacional de Estadística y Geografía (INEGI)
GDP Growth Rate in Mexico averaged 0.54 percent from 1993 until 2021, reaching an all time high of 12.50 percent in the third quarter of 2020 and a record low of -16.90 percent in the second quarter of 2020. This page provides - Mexico GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Mexico GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on October of 2021.
GDP Growth Rate in Mexico is expected to be 0.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Mexico GDP Growth Rate is projected to trend around 0.80 percent in 2022, according to our econometric models.