Mexico GDP Annual Growth Rate  1994-2016 | Data | Chart | Calendar

The GDP in Mexico advanced 2 percent year-on-year in the third quarter of 2016, matching preliminary estimates and following 2.6 percent expansion in the previous period. It is the lowest growth rate since the second quarter of 2014, mainly due to a 0.8 percent drop in industrial output (+0.9 percent in Q2). The services sector went up 3.4 percent, higher than a 3.3 percent gain in Q2 and agriculture also increased at a faster 5.3 percent (2.9 percent in Q2). GDP Annual Growth Rate in Mexico averaged 2.59 percent from 1994 until 2016, 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.

Mexico GDP Annual Growth Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-08-22 01:00 PM Q2 2.5% 2.4% 1.4% 1.4%
2016-10-31 02:00 PM Q3 2% 2.5% 2% 2.3%
2016-11-23 02:00 PM Q3 2% 2.6% 2% 2%
2017-01-30 02:00 PM Q4
2017-02-23 02:00 PM Q4
2017-04-28 01:00 PM Q1




Mexican Economy Expands 2% YoY In Q3


The GDP in Mexico advanced 2 percent year-on-year in the third quarter of 2016, matching preliminary estimates and following 2.6 percent expansion in the previous period. It is the lowest growth rate since the second quarter of 2014, mainly due to a slump in an industrial output.

Industrial production fell 0.8 percent, compared to a 0.9 percent growth in the previous period. The mining sector declined 8.2 percent, following a 4.8 percent drop in the previous period. Manufacturing advanced at a slower 1.2 percent (+1.6 percent in Q2); construction growth stalled (+3.1 percent in Q2) and utilities rose 3.5 percent (+5.7 percent in Q2). 

The services sector expanded 3.4 percent (3.3 percent in Q2) mainly due to an acceleration in financial and insurance activities (+8 percent from +7.5 percent); corporate (+6.6 percent from +4.8 percent); and cultural and recreational services (+10.8 percent from +4.3 percent) while internal trade growth slowed down (+1.3 percent from 2.3 percent in Q2) and transportation increased only 2.3 percent (+3.3 percent in Q2).

The agricultural sector advanced 5.3 percent, compared to 2.9 percent in the previous period.

On a quarterly basis, the economy expanded 1 percent, compared to 0.1 percent growth in the previous period.  

INEGI | Yekaterina Guchshina | yekaterina@tradingeconomics.com
11/23/2016 2:36:44 PM



Mexico GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.00 0.10 2.80 -5.40 percent [+]
GDP Annual Growth Rate 2.00 2.60 8.50 -8.10 percent [+]
GDP 1144.33 1297.80 1297.80 13.06 USD Billion [+]
GDP Constant Prices 14476283.00 14288700.00 14476283.00 7851752.00 MXN Million [+]
Gross Fixed Capital Formation 3085802.00 3113441.00 3113441.00 1117551.00 MXN Million [+]
GDP per capita 9517.28 9401.66 9517.28 3686.39 USD [+]
GDP per capita PPP 16501.94 16301.47 16501.94 12547.49 USD [+]
GDP From Agriculture 378578.58 472792.68 505842.70 257767.00 MXN Million [+]
GDP From Construction 1059896.00 1036625.00 1108865.00 448928.00 MXN Million [+]
GDP From Manufacturing 2425039.00 2428255.00 2428255.00 1306823.00 MXN Million [+]
GDP From Mining 892833.00 895055.00 1144157.00 839823.00 MXN Million [+]
GDP From Public Administration 496127.87 515481.63 520209.93 413274.00 MXN Million [+]
GDP From Services 8904985.60 8730867.42 8956832.03 4492599.00 MXN Million [+]
GDP From Transport 859638.00 851351.00 859638.00 435372.00 MXN Million [+]
GDP From Utilities 358813.00 321642.00 358813.00 114895.00 MXN Million [+]



Mexico GDP Annual Growth Rate Notes

Mexico is the second largest economy in Latin America. The country 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 Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Mexico GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on December of 2016.

Actual Previous Highest Lowest Dates Unit Frequency
2.00 2.60 8.50 -8.10 1994 - 2016 percent Quarterly



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