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

The Gross Domestic Product (GDP) in Mexico expanded 1 percent in the second 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
1.00 0.44 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 Tuesday, October 21, 2014.


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.

Agricultural production slowed in the second quarter (0.9 percent versus 1.1 percent in the first three months of 2014). In contrast, the services sector accelerated the most (1.07 percent compared with 0.37 percent) while industrial output advanced at a faster 1 percent (0.4 percent in the previous period). 

Year-on-year, the GDP increased 1.6 percent, slowing from a revised 1.9 percent expansion in the previous quarter. 

Considering the first half of 2014, the economy expanded 1.7 percent. 

Joana Taborda | joana.taborda@tradingeconomics.com
8/22/2014 12:31:59 PM


Recent Releases

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

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


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
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 1.0% 0.4% (R) 0.8% 0.38%
2014-11-21 02:00 PM Mexico
GDP Growth Rate QoQ
Q3 2014 1.0% 0.02%


Mexico GDP Last Previous Highest Lowest Unit
GDP 1260.91 1186.46 1260.91 13.06 USD Billion [+]
GDP Growth Rate 1.00 0.44 2.90 -6.60 Percent [+]
GDP Annual Growth Rate 1.60 1.90 8.50 -8.10 Percent [+]
GDP Constant Prices 13689178.00 13548223.00 13689178.00 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 16290.81 16316.33 16316.33 12479.33 USD [+]