Mexico GDP Annual Growth Rate 1994-2015 | Data | Chart | Calendar

The Gross Domestic Product (GDP) in Mexico expanded 2.20 percent in the second quarter of 2015 over the same quarter of the previous year. GDP Annual Growth Rate in Mexico averaged 2.57 percent from 1994 until 2015, 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).

Mexico GDP Annual Growth Rate
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Actual Previous Highest Lowest Dates Unit Frequency
2.20 2.50 8.50 -8.10 1994 - 2015 percent Quarterly
Mexico is the second largest economy in Latin America. The service sector accounts for 62 percent of total GDP. The biggest segments within services are: wholesale and retail trade (16 percent); 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). The remaining share is divided by: construction, water, gas and electricity distribution (8 percent), mining (5 percent), government (4 percent ) and agriculture, forestry, fishing and hunting (3 percent). 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 Monday, August 31, 2015.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-02-20 02:00 PM Q4 2.6% 2.2% 2.6% 1.82%
2015-05-21 02:00 PM Q1 2.5% 2.6% 2.4% 2.31%
2015-08-20 02:00 PM Q2 2.2% 2.6% 2.1% 2.32%
2015-11-20 02:00 PM Q3 2.2% 1.9%


Mexico GDP Growth Beats Expectations


The Mexican economy advanced 2.2 percent year-on-year in the three months to June, slowing from an upwardly revised 2.6 percent expansion in the first quarter but above market forecasts. The growth was boosted by the services sector while mining shrank for the sixth straight quarter.

The services sector rose 3.1 percent, the highest gain since the last quarter of 2012. Among services, wholesale and retail trade increased 3.1 percent, real estate rose 3.3 percent, transport, warehousing and communications went up 3.1 percent and financial services and insurance advanced 3.3 percent.

The industrial sector grew a meager 0.5 percent, the slowest expansion since 2013, dragged down by a 7.6 percent fall in mining production. Manufacturing grew at a slower 3 percent (3.2 percent in the first quarter) and construction expanded 2.8 percent (4.4 percent in the first quarter).

Agricultural production also rose at a slower 2.7 percent, following a 6.7 percent increase in the first three months of the year.

On a quarter-on-quarter basis, the economy expanded 0.5 percent in the three months to June, slightly up from a 0.4 percent rise in the previous period. 

Considering the first six months of the year, the economy expanded 2.4 percent. Earlier this week, the central bank cut its 2015 growth forecasts to between 1.7 percent and 2.5 percent from 2 percent to 3 percent. 

Joana Taborda | joana.taborda@tradingeconomics.com
8/20/2015 2:49:22 PM


Recent Releases

Mexico GDP Growth Slows to 2.5% in Q1
The Mexican economy advanced 2.5 percent year-on-year in the first three months of 2015, slightly down from 2.6 percent in the previous period, but beating market expectations. While mining contracted the most, growth was boosted by construction, retail sales and manufacturing.
Published on 2015-05-21

Mexico GDP Growth Highest in 2 Years
The Mexican economy advanced 2.6 percent year-on-year in the last three months of 2014, up from 2.2 percent in the previous period and matching market expectations. The growth was boosted by retail sales, manufacturing and construction while mining was dragged down by lower oil output.
Published on 2015-02-20

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.
Published on 2014-11-21

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


Mexico GDP Last Previous Highest Lowest Unit
GDP 1282.72 1262.25 1282.72 13.06 USD Billion [+]
GDP Growth Rate 0.50 0.40 2.90 -6.60 percent [+]
GDP Annual Growth Rate 2.20 2.50 8.50 -8.10 percent [+]
GDP Constant Prices 14035823.00 13966052.00 14035823.00 7852847.00 MXN Million [+]
GDP per capita 8626.20 8548.00 8626.20 3299.03 USD [+]
Gross Fixed Capital Formation 3058457.00 3029903.00 3058457.00 1117573.00 MXN Million [+]
GDP per capita PPP 16495.80 16290.81 16495.80 12479.33 USD [+]
GDP From Agriculture 464001.00 401009.00 504202.00 257767.00 MXN Million [+]
GDP From Construction 1003284.00 971043.00 1111414.00 448928.00 MXN Million [+]
GDP From Manufacturing 2378035.00 2309220.00 2378035.00 1306823.00 MXN Million [+]
GDP From Mining 928364.00 952707.00 1144157.00 839823.00 MXN Million [+]
GDP From Public Administration 523443.00 510886.00 523443.00 413274.00 MXN Million [+]
GDP From Services 8502516.00 8429354.00 8689135.00 4492599.00 MXN Million [+]
GDP From Transport 818005.00 793943.00 818005.00 435372.00 MXN Million [+]
GDP From Utilities 283957.00 299209.00 317124.00 114895.00 MXN Million [+]


GDP Annual Growth Rate Reference Previous Highest Lowest Unit
Australia 2.30 Mar/15 2.50 9.00 -3.40 percent [+]
Brazil -2.60 Jun/15 -1.60 10.10 -3.15 percent [+]
Canada 2.06 Mar/15 2.63 8.80 -3.70 percent [+]
China 7.00 Jun/15 7.00 14.20 3.80 percent [+]
Euro Area 1.20 Jun/15 1.00 5.00 -5.60 percent [+]
France 1.00 Jun/15 0.82 12.50 -3.95 percent [+]
Germany 1.60 Jun/15 1.20 6.00 -7.90 percent [+]
India 7.00 Jun/15 7.50 11.40 -5.20 percent [+]
Indonesia 4.67 Jun/15 4.71 7.16 1.56 percent [+]
Italy 0.50 Jun/15 0.10 10.30 -6.90 percent [+]
Japan 0.70 Jun/15 -1.00 9.40 -9.40 percent [+]
Mexico 2.20 Jun/15 2.50 8.50 -8.10 percent [+]
Netherlands 1.60 Jun/15 2.50 5.80 -4.40 percent [+]
Russia -4.60 Jun/15 -2.20 12.10 -11.20 percent [+]
South Korea 2.20 Jun/15 2.50 18.20 -7.30 percent [+]
Spain 3.10 Jun/15 2.70 5.60 -4.30 percent [+]
Switzerland 1.20 Jun/15 1.20 5.40 -3.60 percent [+]
Turkey 2.30 Mar/15 2.60 12.60 -14.70 percent [+]
United Kingdom 2.60 Jun/15 2.90 9.80 -5.80 percent [+]
United States 2.70 Jun/15 2.90 13.40 -4.10 percent [+]