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

The Gross Domestic Product (GDP) in Mexico expanded 0.80 percent in the first quarter of 2016 over the previous quarter. GDP Growth Rate in Mexico averaged 0.64 percent from 1993 until 2016, reaching an all time high of 2.90 percent in the first quarter of 1996 and a record low of -6.60 percent in the first quarter of 2009. 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
0.80 0.50 2.90 -6.60 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 July of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-02-23 02:00 PM Q4 0.5% 0.8% 0.6% 0.6%
2016-04-29 01:00 PM Q1 0.8% 0.5% 0.40%
2016-05-20 01:00 PM Q1 0.8% 0.5% 0.7% 0.8%
2016-07-29 01:00 PM Q2 0.8% 0.7%
2016-08-22 01:00 PM Q2
2016-10-31 02:00 PM Q3 0.6%

Mexican GDP Growth Confirmed at 0.8% in Q1


The Mexican economy advanced 0.8 percent on quarter in the first three months of 2016, higher than a 0.5 percent increase in the previous period and in line with preliminary estimates. The services sector recorded the lowest growth rate in a year while industrial production and agriculture rebounded.

Services sector was the main driver of growth advancing 0.8 percent, slightly lower than a 0.9 percent growth in the previous quarter but in line with preliminary estimates. Industrial production went up 1.2 percent, compared to a 0.8 percent decline in the previous period. It is the highest performance since the second quarter of 2014 although lower than 1.5 percent growth in earlier estimates. In addition, the agriculture sector surged 3.5 percent, rebounding from a 1.9 percent contraction in the previous quarter and posting the biggest gain in nine quarters, much higher than a preliminary 1.2 percent growth.

On a year-on-year basis, the GDP advanced at a downwardly revised 2.6 percent. 

The Mexican government lowered its GDP forecasts for 2016 by 0.4 percent to a range of 2.2 percent to 3.2 percent, mentioning a weaker industrial output in the US that could hurt Mexican exports.

INEGI | Francisco Caeiro | francisco.caeiro@tradingeconomics.com
5/20/2016 6:51:20 PM

Mexico GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.80 0.50 2.90 -6.60 percent [+]
GDP Annual Growth Rate 2.60 2.50 8.50 -8.10 percent [+]
GDP 1144.33 1297.80 1297.80 13.06 USD Billion [+]
GDP Constant Prices 14369291.00 14264522.00 14369291.00 7852847.00 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 409911.00 520521.00 520521.00 257767.00 MXN Million [+]
GDP From Construction 994567.00 1102888.00 1111414.00 448928.00 MXN Million [+]
GDP From Manufacturing 2345779.00 2391083.00 2394055.00 1306823.00 MXN Million [+]
GDP From Mining 929954.00 945067.00 1144157.00 839823.00 MXN Million [+]
GDP From Public Administration 494156.00 525429.00 525429.00 413274.00 MXN Million [+]
GDP From Services 8704537.00 8962800.00 8962800.00 4492599.00 MXN Million [+]
GDP From Transport 828877.00 852322.00 852322.00 435372.00 MXN Million [+]
GDP From Utilities 325916.00 346536.00 353194.00 114895.00 MXN Million [+]




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Bangladesh 6.51 Dec/15
Sri Lanka 5.50 Mar/16
Angola 4.90 Dec/15
United Arab Emirates 4.60 Dec/14
Cape Verde 4.50 Dec/14
Morocco 4.50 Dec/15
Pakistan 4.24 Dec/15
Algeria 4.00 Dec/14
Macedonia 3.90 Mar/14
Egypt 3.80 Dec/15
Saudi Arabia 3.60 Dec/15
Dominican Republic 3.58 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
Mozambique 1.80 Mar/16
Moldova 1.70 Mar/16
Serbia 1.60 Mar/16
El Salvador 1.55 Dec/15
Romania 1.50 Mar/16
Tanzania 1.50 Sep/10
Bolivia 1.30 Dec/15
Bosnia and Herzegovina 1.30 Mar/16
Chile 1.30 Mar/16
Kazakhstan 1.26 Dec/13
Albania 1.20 Mar/16
Australia 1.10 Mar/16
Ghana 1.10 Mar/16
Malta 1.10 Dec/15
Philippines 1.10 Mar/16
United States 1.10 Mar/16
Malaysia 1.00 Mar/16
Norway 1.00 Mar/16
Bahrain 0.90 Mar/16
Cyprus 0.90 Mar/16
Mauritius 0.90 Mar/16
Thailand 0.90 Mar/16
Lithuania 0.80 Mar/16
Mexico 0.80 Mar/16
Paraguay 0.80 Mar/16
Singapore 0.80 Jun/16
Spain 0.80 Mar/16
Turkey 0.80 Mar/16
Taiwan 0.78 Mar/16
Bulgaria 0.70 Mar/16
Costa Rica 0.70 Dec/15
Denmark 0.70 Mar/16
Germany 0.70 Mar/16
Luxembourg 0.70 Mar/16
New Zealand 0.70 Mar/16
Slovakia 0.70 Mar/16
Canada 0.60 Mar/16
Croatia 0.60 Apr/16
Euro Area 0.60 Mar/16
Finland 0.60 Mar/16
France 0.60 Mar/16
Austria 0.50 Mar/16
European Union 0.50 Mar/16
Japan 0.50 Mar/16
Netherlands 0.50 Mar/16
Slovenia 0.50 Mar/16
South Korea 0.50 Mar/16
Sweden 0.50 Mar/16
Czech Republic 0.40 Mar/16
Israel 0.40 Mar/16
Tunisia 0.40 Mar/16
United Kingdom 0.40 Mar/16
Italy 0.30 Mar/16
Belgium 0.20 Mar/16
Colombia 0.20 Mar/16
Portugal 0.20 Mar/16
Jamaica 0.10 Dec/15
Latvia 0.10 Mar/16
Switzerland 0.10 Mar/16
Uruguay 0.10 Mar/16
Cameroon 0.05 Dec/15
Estonia 0.00 Mar/16
Peru 0.00 Mar/16
Poland -0.10 Mar/16
Belize -0.25 Dec/15
Brazil -0.30 Mar/16
Indonesia -0.34 Mar/16
Hong Kong -0.40 Mar/16
Greece -0.50 Mar/16
Iceland -0.50 Mar/16
Qatar -0.50 Dec/15
Russia -0.57 Sep/15
Trinidad And Tobago -0.60 Dec/15
Argentina -0.70 Mar/16
Ukraine -0.70 Mar/16
Hungary -0.80 Mar/16
South Africa -1.20 Mar/16
Uganda -1.30 Mar/16
Kenya -1.40 Mar/16
Namibia -1.60 Mar/16
Ecuador -1.90 Mar/16
Ireland -2.10 Mar/16
Nigeria -13.70 Mar/16
Senegal -14.10 Mar/16