The Mexican economy expanded 1.0 percent on quarter in the first three months of 2022, above preliminary estimates of a 0.9 percent gain and rebounding from a flat reading in the last quarter of 2021. The manufacturing and services sectors increased by 1.2 percent and 1.3 percent, respectively, while the primary sector contracted by 2.0 percent. The country's economy advanced 1.8 percent yearly, following a 1.1 percent gain in the previous period and above a preliminary reading of a 1.6 percent raise. source: Instituto Nacional de Estadística y Geografía (INEGI)

GDP Growth Rate in Mexico averaged 0.53 percent from 1993 until 2022, reaching an all time high of 13.80 percent in the third quarter of 2020 and a record low of -17.80 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 July of 2022.

GDP Growth Rate in Mexico is expected to be 0.10 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 0.50 percent in 2023, according to our econometric models.

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Mexico GDP Growth Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-04-29 11:00 AM QoQ Prel Q1 0.9% 0% 1.1% -0.2%
2022-05-25 11:00 AM QoQ Final Q1 1% 0% 1% 0.9%
2022-07-29 11:00 AM QoQ Prel Q2 1% 0.1%


Related Last Previous Unit Reference
GDP Growth Rate 1.00 0.00 percent Mar 2022
GDP Annual Growth Rate 1.80 1.10 percent Mar 2022
GDP Constant Prices 18027967.00 17847899.00 MXN Million Mar 2022
Gross Fixed Capital Formation 3324819.00 3248819.00 MXN Million Mar 2022
Full Year GDP Growth 4.80 -8.20 percent Dec 2021
GDP From Utilities 251900.00 265159.00 MXN Million Mar 2022
GDP From Transport 1168731.00 1184419.00 MXN Million Mar 2022
GDP From Services 11148773.83 11591787.88 MXN Million Mar 2022
GDP From Public Administration 702444.57 710604.66 MXN Million Mar 2022
GDP From Mining 909147.00 854858.00 MXN Million Mar 2022
GDP From Manufacturing 2989102.00 2919195.00 MXN Million Mar 2022
GDP From Construction 1080204.00 1074996.00 MXN Million Mar 2022
GDP From Agriculture 573530.95 734565.52 MXN Million Mar 2022

Mexico GDP Growth Rate
In Mexico, services account for 62 percent of total GDP. The biggest segments within services are: wholesale and retail trade (16 percent); real estate (10 percent); transport, warehousing and communications (7 percent) and financial services and insurance (6 percent). Industry constitutes 18 percent of output and the largest segments within this sector are: automobile industry (4 percent of total GDP) and food industry (3.8 percent). The remaining share is divided by: construction, water, gas and electricity distribution (8 percent), mining (5 percent), government (4 percent ) and agriculture, forestry, fishing and hunting (3 percent).
Actual Previous Highest Lowest Dates Unit Frequency
1.00 0.00 13.80 -17.80 1993 - 2022 percent Quarterly
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News Stream
Mexican Economy Expands More than Expected
The Mexican economy expanded 1.0 percent on quarter in the first three months of 2022, above preliminary estimates of a 0.9 percent gain and rebounding from a flat reading in the last quarter of 2021. The manufacturing and services sectors increased by 1.2 percent and 1.3 percent, respectively, while the primary sector contracted by 2.0 percent. The country's economy advanced 1.8 percent yearly, following a 1.1 percent gain in the previous period and above a preliminary reading of a 1.6 percent raise.
2022-05-25
Mexican Economy Expands Less than Expected
The Mexican economy expanded 0.9 percent on quarter in the first three months of 2022, after a flat reading in the previous period and below market expectations of a 1.1 percent increase. The primary sector contracted 1.9 percent, while the manufacturing and services sectors increased by 1.1 percent, according to preliminary estimates. The country's economy advanced 1.6 percent yearly, following a 1.1 percent gain in the previous period and below market expectations of a 1.7 percent raise.
2022-04-29
Mexican Economy Contracts Less than Expected
The Mexican economy contracted 0.1 percent on the quarter in the fourth quarter of 2021, from a 0.4 percent contraction in the previous period and below market expectations of a 0.3 percent decline, according to preliminary estimates. It was the second consecutive quarterly contraction, as the services sector shrank 0.7 percent amid spillover effects from the third quarter’s contraction, high coronavirus infection rates, and reduced consumption due to higher inflation. On the other hand, agricultural activities expanded 0.3 percent and manufacturing expanded 0.4 percent. For the full 2021, preliminary suggests the Mexican economy grew by 5 percent, partially recovering from 2020's 8.5 percent contraction.
2022-01-31