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).
||1993 - 2014
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.