Mexico GDP Annual Growth Rate 1994-2014 | Data | Chart | Calendar

The Gross Domestic Product (GDP) in Mexico expanded 2.20 percent in the third quarter of 2014 over the same quarter of the previous year. GDP Annual Growth Rate in Mexico averaged 2.57 Percent from 1994 until 2014, reaching an all time high of 8.50 Percent in the second quarter of 1997 and a record low of -8.10 Percent in the second quarter of 1995. GDP Annual Growth Rate in Mexico is reported by the Instituto Nacional de Estadística y Geografía (INEGI).

   
  Forecast  

Mexico GDP Annual Growth Rate


Actual Previous Highest Lowest Dates Unit Frequency
2.20 1.60 8.50 -8.10 1994 - 2014 percent Quarterly
Mexico is the second largest economy in Latin America. The service sector is the most important and accounts for 62 percent of total GDP. The biggest segments within services are: wholesale and retail trade (16 percent of total GDP); real estate (10 percent); transport, warehousing and communications (7 percent) and financial services and insurance (6 percent). Industry constitutes 18 percent of the output and the largest segments within this sector are: automobile industry (4 percent of total GDP) and food industry (3.8 percent). Construction, water, gas and electricity distribution creates 8 percent of the wealth and mining 5 percent. The government fuels 4 percent of the GDP and the agriculture, forestry, fishing and hunting sector accounts for the remaining 3 percent of the output. This page provides - Mexico GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Content for - Mexico GDP Annual Growth Rate - was last refreshed on Wednesday, November 26, 2014.


Mexico GDP Expands 2.2% in Q3


Mexican GDP growth accelerated to 2.2 percent year-on-year in the third quarter of 2014 from 1.6 percent in the previous period. It is the highest gain in seven quarters as industrial production increased at a faster pace.

The agriculture sector advanced 7.3 percent year-on-year in the July to September period up from a 2.5 percent increase in the previous quarter, driven by crop production.

Industrial output grew 2 percent year-on-year in the third quarter of 2014, from 1.1 percent in the second quarter of 2014. Construction advanced 4 percent, manufacturing went up 3.2 percent and electricity, housing and water grew 1.5 percent. In contrast, mining fell 2.1 percent.

The services sector expanded 2 percent year-on-year, marginally up from 1.9 percent in the previous three months. Trade recorded the highest increase (+3.9 percent), followed by education (+2.5 percent) and real estate and rental (+2.3 percent).

On a quarter-on-quarter seasonally adjusted basis, the economy expanded 0.5 percent in the three months to September.

Carolina Cunha | carolina.cunha@tradingeconomics.com
11/21/2014 5:12:17 PM


Recent Releases

Mexico GDP Growth Beats Expectations
Mexican economy advanced 1.6 percent year-on-year in the second quarter of 2014, down from a revised 1.9 percent increase in the previous period. Despite the slowdown, second quarter figures came above market expectations. Published on 2014-08-21

Mexican GDP Growth Accelerates in Q1
Mexican economy advanced 1.8 percent year-on-year in the first quarter of 2014, up from a 0.7 percent expansion in the previous three months. It is the fastest growth rate in five quarters, as agriculture and manufacturing rebounded. Published on 2014-05-23


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-05-23 02:00 PM
GDP Growth Rate YoY  Q1 2014
1.8% 0.7% 2.0% 1.11%
2014-08-21 02:00 PM
GDP Growth Rate YoY  Q2 2014
1.6% 1.9% (R) 1.5% 1.12%
2014-11-21 02:00 PM
GDP Growth Rate YoY  Q3 2014
2.2% 1.6% 2.2% 1.92%


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 [+]


GDP Annual Growth Rate Reference Previous Highest Lowest Unit
Australia 3.10 May/14 3.50 9.00 -3.40 percent [+]
Brazil -0.90 May/14 1.90 10.10 -3.15 percent [+]
Canada 2.45 May/14 2.14 8.80 -3.70 percent [+]
China 7.30 Aug/14 7.50 14.20 3.80 percent [+]
Euro Area 0.80 Aug/14 0.80 5.00 -5.50 percent [+]
France 0.40 Aug/14 0.00 4.90 -4.30 percent [+]
Germany 1.20 Aug/14 1.00 5.20 -6.80 percent [+]
India 5.70 May/14 4.60 11.40 -5.20 percent [+]
Indonesia 5.01 Aug/14 5.12 7.16 1.56 percent [+]
Italy -0.40 Aug/14 -0.30 10.30 -6.90 percent [+]
Japan -1.20 Aug/14 -0.20 9.40 -9.40 percent [+]
Mexico 2.20 Aug/14 1.60 8.50 -8.10 percent [+]
Netherlands 1.10 Aug/14 1.10 5.80 -4.40 percent [+]
Russia 0.70 Aug/14 0.80 12.10 -11.20 percent [+]
South Korea 3.20 Aug/14 3.50 18.20 -7.30 percent [+]
Spain 1.60 Aug/14 1.30 5.80 -4.40 percent [+]
Switzerland 0.60 May/14 2.10 7.30 -3.70 percent [+]
Turkey 2.10 May/14 4.70 12.60 -14.70 percent [+]
United Kingdom 3.00 Aug/14 3.20 9.80 -5.80 percent [+]
United States 2.40 Aug/14 2.60 13.40 -4.10 percent [+]