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

The Gross Domestic Product (GDP) in Mexico expanded 0.40 percent in the first quarter of 2015 over the previous quarter. 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).

      Forecast
Mexico GDP Growth Rate
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Actual Previous Highest Lowest Dates Unit Frequency
0.40 0.70 2.90 -6.60 1993 - 2015 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 Sunday, July 5, 2015.

Calendar GMT Reference Actual Previous Consensus Forecast (i)
2014-11-21 02:00 PM Q3 0.5% 0.9% (R) 0.62% 0.5%
2015-02-20 02:00 PM Q4 0.7% 0.5% 0.9% 0.37%
2015-05-21 02:00 PM Q1 0.4% 0.7% 0.3% 0.26%
2015-08-20 02:00 PM Q2 0.4% 0.24%
2015-11-20 02:00 PM Q3 0.57%


Mexico GDP Grows 0.4% in Q1


The Mexican economy expanded 0.4 percent on quarter in the first three months of 2015, down from a 0.7 percent expansion in the previous period but above market expectations.

Quarter-on-quarter, services sector went up by 0.5 percent from 0.9 percent in the previous three months. Agriculture expanded 3.0 percent after a revised 1.0 percent contraction in the precedent period. In contrast, the industrial sector shrank 0.2 percent, compared to a revised 0.5 percent growth in Q4 2014. 

Year-on-year, the economy expanded 2.5 percent, slightly down from a 2.6 growth in the previous quarter.

Joana Ferreira | joana.ferreira@tradingeconomics.com
5/21/2015 2:23:13 PM


Recent Releases

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.
Published on 2015-02-20

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

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


Mexico GDP Last Previous Highest Lowest Unit
GDP 1260.91 1186.46 1260.91 13.06 USD Billion [+]
GDP Growth Rate 0.40 0.70 2.90 -6.60 percent [+]
GDP Annual Growth Rate 2.50 2.60 8.50 -8.10 percent [+]
GDP Constant Prices 13957345.00 13902099.00 13957345.00 7851721.00 MXN Million [+]
GDP per capita 8519.00 8532.35 8532.35 3299.03 USD [+]
Gross Fixed Capital Formation 3058457.00 3029903.00 3058457.00 1117573.00 MXN Million [+]
GDP per capita PPP 16290.81 16316.33 16316.33 12479.33 USD [+]
Gdp From Agriculture 401621.00 504202.00 504202.00 257767.00 MXN Million [+]
Gdp From Construction 969188.00 1111414.00 1111414.00 448928.00 MXN Million [+]
Gdp From Manufacturing 2302808.00 2339697.00 2339697.00 1306823.00 MXN Million [+]
Gdp From Mining 959667.00 984417.00 1144157.00 839823.00 MXN Million [+]
Gdp From Public Administration 510886.00 519630.00 519630.00 413274.00 MXN Million [+]
Gdp From Services 8427697.00 8689135.00 8689135.00 4492599.00 MXN Million [+]
Gdp From Transport 794090.00 814535.00 814535.00 435372.00 MXN Million [+]
Gdp From Utilities 298646.00 309582.00 317124.00 114895.00 MXN Million [+]


GDP Growth Rate Reference Previous Highest Lowest Unit
Australia 0.90 Mar/15 0.50 4.50 -2.00 percent [+]
Brazil -0.20 Mar/15 0.30 4.50 -4.20 percent [+]
Canada -0.10 Mar/15 0.60 3.33 -1.80 percent [+]
China 1.30 Mar/15 1.50 2.50 1.30 percent [+]
Euro Area 0.40 Mar/15 0.40 1.30 -2.90 percent [+]
France 0.60 Mar/15 0.10 7.70 -5.00 percent [+]
Germany 0.30 Mar/15 0.70 2.10 -3.70 percent [+]
India 4.10 Mar/15 3.10 7.40 -3.40 percent [+]
Indonesia -0.18 Mar/15 -2.06 3.83 -3.57 percent [+]
Italy 0.30 Mar/15 0.00 6.00 -3.50 percent [+]
Japan 1.00 Mar/15 0.30 3.20 -4.00 percent [+]
Mexico 0.40 Mar/15 0.70 2.90 -6.60 percent [+]
Netherlands 0.60 Mar/15 0.90 2.00 -2.20 percent [+]
Russia -1.29 Mar/15 -0.55 4.10 -5.40 percent [+]
South Korea 0.80 Mar/15 0.30 6.80 -7.00 percent [+]
Spain 1.00 Jun/15 0.90 1.53 -1.60 percent [+]
Switzerland -0.20 Mar/15 0.50 1.90 -2.20 percent [+]
Turkey 1.30 Mar/15 0.80 6.69 -7.57 percent [+]
United Kingdom 0.40 Mar/15 0.80 5.00 -2.70 percent [+]
United States -0.20 Mar/15 2.20 16.90 -10.00 percent [+]