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). source: Instituto Nacional de Estadística y Geografía (INEGI)
GDP Annual Growth Rate in Mexico averaged 2.09 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 October of 2021.
GDP Annual Growth Rate in Mexico is expected to be 9.00 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.