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

The Mexican economy advanced 0.6 percent on quarter in the three months to December of 2015, slowing from a 0.8 percent expansion in the previous period but staying above expectations of 0.5 percent, according to preliminary estimates. The services sector was the main driver of expansion while agriculture shrank and industry showed no growth. On a yearly basis, the GDP advanced 2.5 percent in the fourth quarter from 2.6 percent in the previous period. Considering full 2015, the economy expanded 2.5 percent compared to 2.1 percent in 2014. GDP Growth Rate in Mexico averaged 0.64 percent from 1993 until 2015, 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
0.60 0.80 2.90 -6.60 1993 - 2015 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 February of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-10-30 06:30 PM Q3 0.6% 0.5%
2015-11-20 02:00 PM Q3 0.8% 0.6% 0.6% 0.6%
2016-01-29 02:00 PM Q4 0.6% 0.8% 0.5% 0.6%
2016-02-23 02:00 PM Q4 0.8% 0.6%
2016-04-29 01:00 PM Q1 0.61%
2016-05-20 01:00 PM Q1

Mexican GDP Grows 0.6% in Q4, Beats Forecast


The Mexican economy advanced 0.6 percent on quarter in the three months to December of 2015, slowing from a 0.8 percent expansion in the previous period but staying above expectations of 0.5 percent, according to preliminary estimates. The services sector was the main driver of expansion while agriculture shrank and industry showed no growth.

Preliminary estimates showed the services sector went up 0.9 percent after expanding by 0.8 percent in the precedent quarter, while agriculture activities contracted by 1.7 percent following a 2.3 percent growth in Q3. Industrial output was unchanged compared to a 0.8 percent growth in the previous period.

Year-on-year, the economy expanded 2.5 percent, slightly down from 2.6 percent in the third quarter. Considering full 2015, the GDP advanced 2.5 percent compared to 2.1 percent in 2014.

Joana Ferreira | joana.ferreira@tradingeconomics.com
1/29/2016 2:37:41 PM

Mexico GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.60 0.80 2.90 -6.60 percent [+]
GDP Annual Growth Rate 2.50 2.60 8.50 -8.10 percent [+]
GDP 1294.69 1258.77 1294.69 13.06 USD Billion [+]
GDP Constant Prices 14174637.00 14035823.00 14174637.00 7852847.00 MXN Million [+]
Gross Fixed Capital Formation 3127177.00 3099562.00 3127177.00 1117551.00 MXN Million [+]
GDP per capita 8626.20 8548.00 8626.20 3299.03 USD [+]
GDP per capita PPP 16495.80 16290.81 16495.80 12479.33 USD [+]
GDP From Agriculture 373644.00 464001.00 504202.00 257767.00 MXN Million [+]
GDP From Construction 1061334.00 1003284.00 1111414.00 448928.00 MXN Million [+]
GDP From Manufacturing 2394055.00 2378035.00 2394055.00 1306823.00 MXN Million [+]
GDP From Mining 958043.00 928364.00 1144157.00 839823.00 MXN Million [+]
GDP From Public Administration 494807.00 523443.00 523443.00 413274.00 MXN Million [+]
GDP From Services 8591919.00 8502516.00 8689135.00 4492599.00 MXN Million [+]
GDP From Transport 830948.00 818005.00 830948.00 435372.00 MXN Million [+]
GDP From Utilities 353194.00 283957.00 353194.00 114895.00 MXN Million [+]




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