Mexico GDP Growth Rate

The Gross Domestic Product (GDP) in Mexico expanded 0.30 percent in the first quarter of 2014 over the previous quarter. GDP Growth Rate in Mexico averaged 0.63 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
0.28 0.13 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.

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.

Agriculture shrank slightly in the quarter (-0.01 percent), after growing 1 percent in the last three months of 2013. Industrial production rose a meager 0.7 percent and services expanded 0.2 percent.

Year-on-year, the GDP grew 1.8 percent in the first quarter of 2014, accelerating form a 0.7 percent expansion in the previous three months. Although it is the highest growth rate in five quarters, it is much below the 2011 levels. The Bank of Mexico recently cut its 2014 GDP estimates to 2.3 to 3.3 percent from an earlier 3 to 4 percent.

Joana Taborda |
5/23/2014 3:50:19 PM

Recent Releases

Mexican Economy Slows in Q4
Mexico’s GDP growth slowed in the last quarter of 2013 hurt by a drop in industrial production. The economy advanced a meager 0.2 percent on a quarter-on-quarter seasonally adjusted basis, down from a revised 0.95 percent growth rate in the previous three-month period. Published on 2014-02-21

Mexico’s Economy Expands 0.84% QoQ in Q3
In the third quarter of 2013, Mexican GDP rebounded at a faster-than-expected quarter-on-quarter seasonally adjusted 0.84 percent. The economy recovered from a 0.55 percent contraction in the previous three-month period, mainly due to a surge in manufacturing and services. Published on 2013-11-21

Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2013-08-20 02:00 PM Mexico
GDP Growth Rate QoQ
Q2 2013 -0.74% 0.03% (R) 0.72%
2013-11-21 02:00 PM Mexico
GDP Growth Rate QoQ
Q3 2013 0.84% -0.55% (R) -0.06%
2014-02-21 02:00 PM Mexico
GDP Growth Rate QoQ
Q4 2013 0.2% 0.95% (R) 0.8%
2014-05-23 02:00 PM Mexico
GDP Growth Rate QoQ
Q1 2014 0.28% 0.13% (R) 0.5% 0.3%
2014-08-21 02:00 PM Mexico
GDP Growth Rate QoQ
Q2 2014 0.3% -0.38%

GDP Last Previous Highest Lowest Unit
GDP 1260.91 1186.46 1260.91 13.06 USD Billion [+]
GDP Growth Rate 0.28 0.13 2.90 -6.60 Percent [+]
GDP Annual Growth Rate 1.80 0.70 8.50 -8.10 Percent [+]
GDP Constant Prices 13522870.00 13485493.00 13522870.00 7857253.00 MXN Million [+]
GDP per capita 8519.00 8532.35 8532.35 3299.03 USD [+]
Gross Fixed Capital Formation 2839243.00 2854328.00 2981029.00 1135833.00 MXN Million [+]
GDP per capita PPP 12616.64 12291.37 12616.64 9309.83 USD [+]

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