Mexico GDP Growth Rate  1993-2016 | Data | Chart | Calendar | Forecast

The Mexican economy contracted 0.2 percent on quarter in the three months to June of 2016, compared to a 0.3 percent decline in the preliminary estimates, final figures showed. Yet, it is the first contraction since the second quarter of 2013, due to a drop in industrial output. GDP Growth Rate in Mexico averaged 0.63 percent from 1993 until 2016, reaching an all time high of 2.80 percent in the fourth quarter of 1996 and a record low of -5.40 percent in the first quarter of 1995. GDP Growth Rate in Mexico is reported by the Instituto Nacional de Estadística y Geografía (INEGI).

Mexico GDP Growth Rate
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Actual Previous Highest Lowest Dates Unit Frequency
-0.20 0.50 2.80 -5.40 1993 - 2016 percent Quarterly
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). This page provides - Mexico GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Mexico GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on August of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-05-20 01:00 PM Q1 0.8% 0.5% 0.7% 0.8%
2016-07-29 01:00 PM Q2 -0.3% 0.8% 0.1% 0.7%
2016-08-22 01:00 PM Q2 -0.2% 0.5% -0.3% -0.3%
2016-10-31 02:00 PM Q3 -0.2% 0.2%
2016-11-23 02:00 PM Q3 -0.2%

Mexico GDP Shrinks Less than Expected in Q2


The Mexican economy contracted 0.2 percent on quarter in the three months to June of 2016, compared to a 0.3 percent decline in the preliminary estimates, final figures showed. Yet, it is the first contraction since the second quarter of 2013, due to a drop in industrial output.

The services sector edged up 0.1 percent, compared with no growth in the preliminary figures. Industrial production declined less than anticipated (-1.5 percent compared to -1.7 percent) while the agricultural sector (-0.3 percent compared to -0.1 percent) fell more.

Year-on-year, the economy expanded 2.5 percent, better than 2.4 percent in the preliminary figures and 2.4 percent in the previous two quarters. 

INEGI | Joana Taborda | joana.taborda@tradingeconomics.com
8/22/2016 2:34:45 PM

Mexico GDP Last Previous Highest Lowest Unit
GDP Growth Rate -0.20 0.50 2.80 -5.40 percent [+]
GDP Annual Growth Rate 2.50 2.40 8.50 -8.10 percent [+]
GDP 1144.33 1297.80 1297.80 13.06 USD Billion [+]
GDP Constant Prices 14288700.00 14312808.00 14312808.00 7851752.00 MXN Million [+]
Gross Fixed Capital Formation 3131204.00 3077302.00 3131204.00 1117551.00 MXN Million [+]
GDP per capita 9517.28 9401.66 9517.28 3686.39 USD [+]
GDP per capita PPP 16501.94 16301.47 16501.94 12547.49 USD [+]
GDP From Agriculture 472792.68 409563.10 505842.70 257767.00 MXN Million [+]
GDP From Construction 1036625.00 991456.00 1108865.00 448928.00 MXN Million [+]
GDP From Manufacturing 2428255.00 2344381.00 2428255.00 1306823.00 MXN Million [+]
GDP From Mining 895055.00 931571.00 1144157.00 839823.00 MXN Million [+]
GDP From Public Administration 515481.63 494550.32 520209.93 413274.00 MXN Million [+]
GDP From Services 8730867.42 8688816.41 8956832.03 4492599.00 MXN Million [+]
GDP From Transport 851351.00 825057.00 851462.00 435372.00 MXN Million [+]
GDP From Utilities 321642.00 326653.00 352899.00 114895.00 MXN Million [+]




Last
Venezuela 6.80 Dec/13
Bangladesh 6.51 Dec/15
Vietnam 5.55 Jun/16
Sri Lanka 5.50 Mar/16
Angola 4.90 Dec/15
Cape Verde 4.50 Dec/14
Morocco 4.50 Dec/15
Pakistan 4.24 Dec/15
Indonesia 4.02 Jun/16
Algeria 4.00 Dec/14
Macedonia 3.90 Mar/14
United Arab Emirates 3.90 Dec/15
Egypt 3.80 Dec/15
Mongolia 3.10 Mar/16
Rwanda 2.35 Dec/15
India 2.10 Mar/16
Botswana 1.80 Mar/16
China 1.80 Jun/16
Philippines 1.80 Jun/16
Costa Rica 1.75 Mar/16
Moldova 1.70 Mar/16
Hong Kong 1.60 Jun/16
Serbia 1.60 Mar/16
El Salvador 1.55 Dec/15
Romania 1.50 Jun/16
Saudi Arabia 1.50 Mar/16
Tanzania 1.50 Sep/10
Bosnia and Herzegovina 1.30 Mar/16
Kazakhstan 1.26 Dec/13
Albania 1.20 Mar/16
Australia 1.10 Mar/16
Ghana 1.10 Mar/16
Hungary 1.10 Jun/16
United States 1.10 Jun/16
Bahrain 0.90 Mar/16
Czech Republic 0.90 Jun/16
Israel 0.90 Jun/16
Mauritius 0.90 Mar/16
Poland 0.90 Jun/16
Slovakia 0.90 Jun/16
Nigeria 0.82 Jun/16
Paraguay 0.80 Mar/16
Spain 0.80 Jun/16
Thailand 0.80 Jun/16
Turkey 0.80 Mar/16
Bulgaria 0.70 Jun/16
Cyprus 0.70 Jun/16
Luxembourg 0.70 Mar/16
Malaysia 0.70 Jun/16
New Zealand 0.70 Mar/16
South Korea 0.70 Jun/16
Croatia 0.60 Jun/16
Latvia 0.60 Jun/16
Netherlands 0.60 Jun/16
Ukraine 0.60 Jun/16
United Kingdom 0.60 Jun/16
Belgium 0.50 Jun/16
Denmark 0.50 Jun/16
Slovenia 0.50 Jun/16
European Union 0.40 Jun/16
Germany 0.40 Jun/16
Tunisia 0.40 Mar/16
Austria 0.30 Jun/16
Estonia 0.30 Jun/16
Euro Area 0.30 Jun/16
Finland 0.30 Jun/16
Malta 0.30 Mar/16
Portugal 0.30 Jun/16
Singapore 0.30 Jun/16
Sweden 0.30 Jun/16
Colombia 0.20 Jun/16
Greece 0.20 Jun/16
Lithuania 0.20 Jun/16
Taiwan 0.15 Jun/16
Switzerland 0.10 Mar/16
Uruguay 0.10 Mar/16
Cameroon 0.05 Dec/15
France 0.00 Jun/16
Italy 0.00 Jun/16
Japan 0.00 Jun/16
Mozambique 0.00 Jun/16
Norway 0.00 Jun/16
Peru 0.00 Mar/16
Trinidad And Tobago -0.10 Dec/15
Mexico -0.20 Jun/16
Canada -0.40 Jun/16
Chile -0.40 Jun/16
Iceland -0.50 Mar/16
Bolivia -0.56 Mar/16
Russia -0.57 Sep/15
Brazil -0.60 Jun/16
Jamaica -0.60 Mar/16
Argentina -0.70 Mar/16
Belize -1.07 Mar/16
South Africa -1.20 Mar/16
Uganda -1.30 Mar/16
Kenya -1.40 Mar/16
Namibia -1.60 Mar/16
Dominican Republic -1.67 Mar/16
Ecuador -1.90 Mar/16
Ireland -2.10 Mar/16
Qatar -2.60 Mar/16
Senegal -14.10 Mar/16