Mexico GDP Growth Rate 1993-2015 | Data | Chart | Calendar | Forecast

The Gross Domestic Product (GDP) in Mexico expanded 0.70 percent in the fourth quarter of 2014 over the previous quarter. GDP Growth Rate in Mexico averaged 0.64 percent from 1993 until 2014, 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).

     Forecast  
Mexico GDP Growth Rate


Actual Previous Highest Lowest Dates Unit Frequency
0.70 0.50 2.90 -6.60 1993 - 2014 percent Quarterly
Mexico is the second largest economy in Latin America. After the Peso Crisis in 1994, Mexico returned to steady growth rates, expanding on average 0.76 percent from 1996 to 2012 on a quarter over quarter basis. Mexico has an export-oriented economy: more than 90 percent of trade is under free trade agreements. In recent years, exports of manufactured products have been expanding more than 10 percent per year, mostly due to the increase in car production. Nevertheless, in order to keep the current pace of growth the country needs to reduce its dependence on the United States; increase its tax base and open the state-controlled energy sector. This page provides - Mexico GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Content for - Mexico GDP Growth Rate - was last refreshed on Tuesday, April 28, 2015.


Mexico GDP Advances 0.7% in Q4


The Mexican economy expanded 0.7 percent on quarter in the last three months of 2014, up from a 0.5 percent expansion in the previous period but below market expectations.

Quarter-on-quarter, services expanded at a faster 0.9 percent from 0.5 percent in the previous three months. The industrial sector went up 0.6 percent (0.4 percent in the third quarter) and agriculture shrank 2.2 percent after increasing 2.5 percent in the preceding three months.

Year-on-year, the economy expanded 2.6 percent, the highest pace in two years.

Considering full 2014, the GDP grew 2.1 percent. For 2015, the central bank targets growth between 2.5 percent and 3.5 percent.

Joana Taborda | joana.taborda@tradingeconomics.com
2/20/2015 3:10:24 PM


Recent Releases

Mexico GDP Growth Slows in Q3
The Mexican economy advanced 0.5 percent on quarter in the three months to September of 2014, down from a revised 1 percent increase in the previous period due to lower production in industry and services. Published on 2014-11-21

Mexican Economy Advances 1% QoQ in Q2
Mexico’s GDP expanded a quarter-on-quarter seasonally adjusted 1 percent in the April to June period, up from a revised 0.4 percent increase in the previous quarter and driven by the industrial and services sectors. Published on 2014-08-22


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-08-21 02:00 PM
GDP Growth Rate QoQ  Q2
1.0% 0.4% (R) 0.8% 0.38%
2014-11-21 02:00 PM
GDP Growth Rate QoQ  Q3
0.5% 0.9% (R) 0.62% 0.5%
2015-02-20 02:00 PM
GDP Growth Rate QoQ  Q4
0.7% 0.5% 0.9% 0.37%
2015-05-21 02:00 PM
GDP Growth Rate QoQ  Q1
0.7% 0.76%
2015-08-20 02:00 PM
GDP Growth Rate QoQ  Q2
0.42%
2015-11-20 02:00 PM
GDP Growth Rate QoQ  Q3
0.7%


Mexico GDP Last Previous Highest Lowest Unit
GDP 1260.91 1186.46 1260.91 13.06 USD Billion [+]
GDP Growth Rate 0.70 0.50 2.90 -6.60 percent [+]
GDP Annual Growth Rate 2.60 2.20 8.50 -8.10 percent [+]
GDP Constant Prices 13905634.00 13811997.00 13905634.00 7851721.00 MXN Million [+]
GDP per capita 8519.00 8532.35 8532.35 3299.03 USD [+]
Gross Fixed Capital Formation 3029903.00 2987983.00 3029903.00 1117573.00 MXN Million [+]
GDP per capita PPP 16290.81 16316.33 16316.33 12479.33 USD [+]


GDP Growth Rate Reference Previous Highest Lowest Unit
Australia 0.50 Nov/14 0.40 4.50 -2.00 percent [+]
Brazil 0.30 Nov/14 0.20 4.50 -4.20 percent [+]
Canada 0.60 Nov/14 0.80 3.33 -1.80 percent [+]
China 1.30 Feb/15 1.50 2.50 1.40 percent [+]
Euro Area 0.30 Nov/14 0.20 1.30 -2.80 percent [+]
France 0.10 Nov/14 0.30 1.60 -1.70 percent [+]
Germany 0.70 Nov/14 0.10 2.10 -3.70 percent [+]
India 1.60 Nov/14 2.20 5.80 -1.90 percent [+]
Indonesia -2.06 Nov/14 3.16 3.83 -3.57 percent [+]
Italy 0.00 Nov/14 -0.10 6.00 -3.50 percent [+]
Japan 0.40 Nov/14 -0.60 3.20 -4.00 percent [+]
Mexico 0.70 Nov/14 0.50 2.90 -6.60 percent [+]
Netherlands 0.80 Nov/14 0.30 2.00 -2.20 percent [+]
Russia 0.00 Nov/14 0.00 4.10 -5.40 percent [+]
South Korea 0.80 Feb/15 0.30 6.80 -7.00 percent [+]
Spain 0.80 Feb/15 0.70 1.53 -1.60 percent [+]
Switzerland 0.60 Nov/14 0.70 1.90 -2.20 percent [+]
Turkey 0.70 Nov/14 0.50 6.69 -7.57 percent [+]
United Kingdom 0.30 Feb/15 0.60 5.00 -2.70 percent [+]
United States 2.20 Nov/14 5.00 16.90 -10.00 percent [+]