The Mexican economy expanded 4.5% year-on-year in the third quarter of 2021, easing from an upwardly revised 19.9% increase in the previous period as low base effects fade, and lower than the preliminary estimate of 4.6%. The industrial sector grew the most (5% vs 5.3% in the preliminary estimate), followed by services (4.2% vs 4.1%) and primary activities (0.6% vs 0.7%). source: Instituto Nacional de Estadística y Geografía (INEGI)

GDP Annual Growth Rate in Mexico averaged 2.11 percent from 1994 until 2021, reaching an all time high of 19.60 percent in the second quarter of 2021 and a record low of -18.70 percent in the second quarter of 2020. This page provides - Mexico GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Mexico GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on December of 2021.

GDP Annual Growth Rate in Mexico is expected to be 3.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Mexico GDP Annual Growth Rate is projected to trend around 2.70 percent in 2022 and 2.40 percent in 2023, according to our econometric models.

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Mexico GDP Annual Growth Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-10-29 11:00 AM YoY Prel Q3 4.6% 19.6% 6% 12%
2021-11-25 12:00 PM YoY Final Q3 4.5% 19.9% 4.5% 4.6%
2022-01-28 12:00 PM YoY Prel Q4


Related Last Previous Unit Reference
GDP Growth Rate -0.40 1.20 percent Sep/21
GDP Annual Growth Rate 4.50 19.90 percent Sep/21
GDP Constant Prices 17841981.00 17965150.00 MXN Million Sep/21
Gross Fixed Capital Formation 3187980.00 3172565.00 MXN Million Jun/21
GDP From Utilities 289048.00 271057.00 MXN Million Sep/21
GDP From Transport 1103651.00 1126007.00 MXN Million Sep/21
GDP From Services 11147442.95 11516552.12 MXN Million Sep/21
GDP From Public Administration 694472.18 750214.63 MXN Million Sep/21
GDP From Mining 862109.00 854146.00 MXN Million Sep/21
GDP From Manufacturing 2896316.00 2873778.00 MXN Million Sep/21
GDP From Construction 1087544.00 1071228.00 MXN Million Sep/21
GDP From Agriculture 520266.40 623709.99 MXN Million Sep/21

News Stream
Mexico GDP Annual Growth Revised Slightly Down in Q3
The Mexican economy expanded 4.5% year-on-year in the third quarter of 2021, easing from an upwardly revised 19.9% increase in the previous period as low base effects fade, and lower than the preliminary estimate of 4.6%. The industrial sector grew the most (5% vs 5.3% in the preliminary estimate), followed by services (4.2% vs 4.1%) and primary activities (0.6% vs 0.7%).
2021-11-25
Mexico Economy Grows Less than Expected in Q3
Mexico’s gross domestic product expanded 4.6 percent year-on-year in the third quarter of 2021, following a 19.6 percent record growth rate in the previous quarter from low base effects and lower than market expectations of a 6 percent increase. The industrial sector grew the most at 5.3 percent, followed by the services sector at 4.1 percent and the primary sector at 0.7 percent, according to preliminary estimates.
2021-10-29
Mexico GDP Annual Growth Revised Slightly Down in Q2
The Mexican economy expanded 19.6% year-on-year in the second quarter of 2021, the first increase in over 2 years but slightly lower than 19.6% in the preliminary estimate. Still, it remains a record growth rate as a low base effect form last year is weighing as the economy shrank at a record pace of 18.7% a year earlier due to the coronavirus lockdown. The secondary sector grew the most (27.9% vs 28.2% in the pre), followed by services (17.1%, the same as in the first estimate) and primary activities (6.7%, the same as in the first estimate).
2021-08-25

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 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).