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

The Mexican economy advanced 1 percent on quarter in the third quarter of 2016, in a line with preliminary estimates, and following an upwardly revised 0.1 percent growth in the previous period. It is the quickest expansion since the second quarter of 2014, boosted by strong growth in services (+1.4 percent from +0.5 percent in Q2) and agriculture (+2 percent from +1.8 percent) and a rebound in industrial production (+0.1 percent from -1.5 percent). Year-on-year, the economy expanded 2 percent, slowing from a 2.6 percent rise in the second quarter. GDP Growth Rate in Mexico averaged 0.64 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.

Mexico GDP Growth Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-08-22 01:00 PM Q2 -0.2% 0.5% -0.3% -0.3%
2016-10-31 02:00 PM Q3 1% -0.2% 0.9% 0.8%
2016-11-23 02:00 PM Q3 1% 0.1% 1% 1%
2017-01-30 02:00 PM Q4
2017-02-23 02:00 PM Q4
2017-04-28 01:00 PM Q1




Mexican GDP Growth Confirmed At 1% in Q3


The Mexican economy advanced 1 percent on quarter in the third quarter of 2016, in a line with preliminary estimates, and following an upwardly revised 0.1 percent growth in the previous period. It is the strongest growth rate since the second quarter of 2014, boosted mainly by the services sector.

The services sector expanded 1.4 percent (+0.5 percent in Q2); the agriculture rose 2 percent (+1.8 percent in Q2) and industrial production rebounded 0.1 percent (-1.5 percent in Q2), according to final estimates.

Year-on-year, the economy expanded 2 percent, slowing from a 2.6 percent rise in the second quarter.

INEGI | Yekaterina Guchshina | yekaterina@tradingeconomics.com
11/23/2016 2:42:09 PM



Mexico GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.00 0.10 2.80 -5.40 percent [+]
GDP Annual Growth Rate 2.00 2.60 8.50 -8.10 percent [+]
GDP 1144.33 1297.80 1297.80 13.06 USD Billion [+]
GDP Constant Prices 14476283.00 14288700.00 14476283.00 7851752.00 MXN Million [+]
Gross Fixed Capital Formation 3085802.00 3113441.00 3113441.00 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 378578.58 472792.68 505842.70 257767.00 MXN Million [+]
GDP From Construction 1059896.00 1036625.00 1108865.00 448928.00 MXN Million [+]
GDP From Manufacturing 2425039.00 2428255.00 2428255.00 1306823.00 MXN Million [+]
GDP From Mining 892833.00 895055.00 1144157.00 839823.00 MXN Million [+]
GDP From Public Administration 496127.87 515481.63 520209.93 413274.00 MXN Million [+]
GDP From Services 8904985.60 8730867.42 8956832.03 4492599.00 MXN Million [+]
GDP From Transport 859638.00 851351.00 859638.00 435372.00 MXN Million [+]
GDP From Utilities 358813.00 321642.00 358813.00 114895.00 MXN Million [+]



Mexico GDP Growth Rate Notes

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 December of 2016.

Actual Previous Highest Lowest Dates Unit Frequency
1.00 0.10 2.80 -5.40 1993 - 2016 percent Quarterly



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Japan 0.30 Sep/16
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Bolivia -0.56 Mar/16
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Botswana -1.30 Jun/16
Rwanda -1.40 Jun/16
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Singapore -2.00 Sep/16
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Senegal -2.50 Jun/16
Trinidad And Tobago -3.90 Mar/16
Namibia -6.20 Jun/16