Mexico GDP Growth Rate 1993-2014 | Data | Chart | Calendar | Forecast

The Gross Domestic Product (GDP) in Mexico expanded 0.50 percent in the third 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).


Mexico GDP Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.50 0.90 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 Monday, November 24, 2014.

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.

Quarter-on-quarter, agriculture expanded at a faster 2.52 percent from 2.05 percent in the previous three months. The industrial sector slowed the most in the third quarter growing by 0.43 percent from 0.89 percent in the previous period. The services sector rose 0.5 percent, down from 0.93 percent in the preceding three months. 

Year-on-year, the economy expanded at a faster 2.2 percent from 1.6 percent in the second quarter. 

Considering the first nine months of 2014, the GDP grew 1.9 percent. The central bank expects it to be between 2 and 2.5 percent in 2014.

Joana Taborda |
11/21/2014 5:12:06 PM

Recent Releases

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

Mexican Economy Expands 0.28% QoQ in Q1
Mexican GDP advanced a seasonally adjusted 0.28 percent in the first three months of 2014, slightly up from a downwardly revised 0.13 percent expansion in the previous quarter, but below from market expectations. Published on 2014-05-23

Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-05-23 02:00 PM
GDP Growth Rate QoQ  Q1 2014
0.28% 0.13% (R) 0.5% 0.3%
2014-08-21 02:00 PM
GDP Growth Rate QoQ  Q2 2014
1.0% 0.4% (R) 0.8% 0.38%
2014-11-21 02:00 PM
GDP Growth Rate QoQ  Q3 2014
0.5% 0.9% (R) 0.62% 0.5%

Mexico GDP Last Previous Highest Lowest Unit
GDP 1260.91 1186.46 1260.91 13.06 USD Billion [+]
GDP Growth Rate 0.50 0.90 2.90 -6.60 percent [+]
GDP Annual Growth Rate 2.20 1.60 8.50 -8.10 percent [+]
GDP Constant Prices 13795781.00 13726859.00 13795781.00 7857253.00 MXN Million [+]
GDP per capita 8519.00 8532.35 8532.35 3299.03 USD [+]
Gross Fixed Capital Formation 2922676.00 2859918.00 2981029.00 1135833.00 MXN Million [+]
GDP per capita PPP 16290.81 16316.33 16316.33 12479.33 USD [+]