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

The Mexican economy advanced 2.6 percent year-on-year in the first three months of 2016, missing preliminary estimates of a 2.9 percent expansion, final figures showed. Yet, first quarter figures compare to a downwardly revised 2.4 percent growth in the last three months of 2015. Services remained the main driver of growth, industrial output accelerated although less than expected and agriculture rebounded. 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. 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
2.60 2.50 8.50 -8.10 1994 - 2016 percent Quarterly
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 May of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-02-23 02:00 PM Q4 2.5% 2.6% 2.5% 2.5%
2016-04-29 01:00 PM Q1 2.9% 2.5% 2.3%
2016-05-20 01:00 PM Q1 2.6% 2.4% 2.6% 2.9%
2016-07-29 01:00 PM Q2 2.6% 2.93%
2016-08-22 01:00 PM Q2
2016-10-31 02:00 PM Q3 2.65%

Mexico GDP Growth Rate Revised Down to 2.6% YoY


The Mexican economy advanced 2.6 percent year-on-year in the first three months of 2016, missing preliminary estimates of a 2.9 percent expansion, final figures showed. Yet, first quarter figures compare to a downwardly revised 2.4 percent growth in the last three months of 2015. Services remained the main driver of growth, industrial output accelerated less than expected and agriculture rebounded. On a quarterly basis, the economy expanded 0.8 percent, the same as in earlier estimates.

Services grew 3.7 percent, the same as in the precedent quarter and matching preliminary estimates. Internal trade  grew 3.6 percent (4 percent in the fourth quarter), real estate went up 2.3 percent (2.1 percent in the fourth quarter), transport increased 3.2 percent (3.1 percent in the fourth quarter) and financial and insurance activities jumped 6.8 percent (2.6 percent in the fourth quarter). 

The industrial sector expanded 0.4 percent following a 0.2 percent growth in the previous period missing earçier estimates of a much higher 2.2 percent increase. Biggest gain in the sector was recorded in construction (up 2 percent and rebounding from a 0.5 percent decline in the fourth quarter). Manufacturing went up 1 percent (2 percent in the fourth quarter) and mining shrank for the eighth striaght quarter (-3.3 percent from -4.5 percent).  

The agriculture sector (which also includes livestock, forestry, fishery and hunting) surged 3.1 percent, recovering from a 1.1 percent contraction in the previous period and sightly above preliminary estimates of a 3 percent gain.

INEGI | Francisco Caeiro | francisco.caeiro@tradingeconomics.com
5/20/2016 6:56:59 PM

Mexico GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.80 0.50 2.90 -6.60 percent [+]
GDP Annual Growth Rate 2.60 2.50 8.50 -8.10 percent [+]
GDP 1294.69 1258.77 1294.69 13.06 USD Billion [+]
GDP Constant Prices 14369291.00 14264522.00 14369291.00 7852847.00 MXN Million [+]
Gross Fixed Capital Formation 3077302.00 3127177.00 3127177.00 1117551.00 MXN Million [+]
GDP per capita 8626.20 8548.00 8626.20 3299.03 USD [+]
GDP per capita PPP 16495.80 16290.81 16495.80 12479.33 USD [+]
GDP From Agriculture 409911.00 520521.00 520521.00 257767.00 MXN Million [+]
GDP From Construction 994567.00 1102888.00 1111414.00 448928.00 MXN Million [+]
GDP From Manufacturing 2345779.00 2391083.00 2394055.00 1306823.00 MXN Million [+]
GDP From Mining 929954.00 945067.00 1144157.00 839823.00 MXN Million [+]
GDP From Public Administration 494156.00 525429.00 525429.00 413274.00 MXN Million [+]
GDP From Services 8704537.00 8962800.00 8962800.00 4492599.00 MXN Million [+]
GDP From Transport 828877.00 852322.00 852322.00 435372.00 MXN Million [+]
GDP From Utilities 325916.00 346536.00 353194.00 114895.00 MXN Million [+]




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Angola 4.90 Dec/15
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Qatar 4.00 Dec/15
Zimbabwe 4.00 Dec/14
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Guatemala 3.90 Sep/15
Macedonia 3.90 Dec/15
Honduras 3.60 Dec/15
Mauritius 3.60 Dec/15
Saudi Arabia 3.60 Dec/15
Serbia 3.50 Mar/16
Nepal 3.40 Dec/15
Spain 3.40 Mar/16
Suriname 3.40 Dec/14
Colombia 3.30 Dec/15
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Slovakia 3.30 Mar/16
Slovenia 3.30 Dec/15
Cape Verde 3.20 Dec/15
Iceland 3.20 Dec/15
Madagascar 3.20 Dec/14
Thailand 3.20 Mar/16
Czech Republic 3.10 Mar/16
Mongolia 3.10 Mar/16
Australia 3.00 Dec/15
Comoros 3.00 Dec/15
Guyana 3.00 Dec/15
Luxembourg 3.00 Dec/15
Malawi 3.00 Dec/15
Poland 3.00 Mar/16
Bulgaria 2.90 Mar/16
Georgia 2.90 Dec/15
Maldives 2.90 Dec/15
Bahrain 2.80 Dec/15
Cyprus 2.70 Mar/16
South Korea 2.70 Mar/16
Sudan 2.70 Dec/14
El Salvador 2.60 Dec/15
Jordan 2.60 Dec/15
Mexico 2.60 Mar/16
Somalia 2.60 Dec/14
Sri Lanka 2.50 Dec/15
Swaziland 2.50 Dec/14
New Zealand 2.30 Dec/15
Lithuania 2.20 Mar/16
Albania 2.15 Dec/15
Afghanistan 2.10 Dec/15
Bosnia and Herzegovina 2.10 Dec/15
United Kingdom 2.10 Mar/16
Chile 2.00 Mar/16
United States 2.00 Mar/16
Armenia 1.90 Dec/16
Cayman Islands 1.90 Sep/15
Croatia 1.90 Dec/15
Eritrea 1.90 Dec/14
Latvia 1.80 Mar/16
Namibia 1.80 Dec/15
Singapore 1.80 Mar/16
Estonia 1.70 Mar/16
European Union 1.70 Mar/16
Haiti 1.70 Dec/15
Israel 1.70 Mar/16
Belgium 1.50 Mar/16
Euro Area 1.50 Mar/16
Jamaica 1.50 Sep/15
Montenegro 1.40 Dec/15
Netherlands 1.40 Mar/16
Austria 1.30 Mar/16
France 1.30 Mar/16
Germany 1.30 Mar/16
Bahamas 1.20 Dec/15
Paraguay 1.10 Dec/15
Finland 1.00 Mar/16
Italy 1.00 Mar/16
Lebanon 1.00 Dec/15
North Korea 1.00 Dec/14
Tunisia 1.00 Mar/16
Argentina 0.90 Dec/15
Hungary 0.90 Mar/16
Hong Kong 0.80 Mar/16
Portugal 0.80 Mar/16
Japan 0.70 Dec/15
Norway 0.70 Mar/16
Belize 0.60 Dec/15
Iran 0.60 Mar/15
South Africa 0.60 Dec/15
Canada 0.50 Dec/15
Denmark 0.50 Dec/15
Switzerland 0.40 Dec/15
Liberia 0.30 Dec/15
New Caledonia 0.30 Dec/14
Barbados 0.20 Dec/14
Ukraine 0.10 Mar/16
Uruguay -0.10 Dec/15
Kazakhstan -0.20 Mar/16
Nigeria -0.40 Mar/16
Brunei -0.50 Dec/15
Liechtenstein -0.80 Dec/14
Taiwan -0.84 Mar/16
Ecuador -0.90 Dec/15
Puerto Rico -0.90 Dec/14
Greece -1.20 Mar/16
Russia -1.20 Mar/16
Gambia -1.40 Dec/14
Kuwait -1.60 Dec/14
Botswana -1.90 Dec/15
Trinidad and Tobago -2.00 Sep/15
Equatorial Guinea -2.10 Dec/14
Iraq -2.10 Dec/14
Syria -2.30 Dec/11
Moldova -3.30 Dec/15
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Macau -14.40 Dec/15
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