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

The Gross Domestic Product (GDP) in Mexico expanded 1.60 percent in the second quarter of 2014 over the same quarter of the previous year. GDP Annual Growth Rate in Mexico averaged 2.58 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).

   
 
 

Mexico GDP Annual Growth Rate


Actual Previous Highest Lowest Dates Unit Frequency
1.60 1.90 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 Friday, October 31, 2014.


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.

The agriculture sector grew 2.6 percent year-on-year in the second quarter of 2014, slowing from a 4.6 percent expansion in the previous period. 

Industrial output expanded 1 percent yoy, down from 1.6 percent in the preceding quarter. The mining sector kept its downward trend and fell 1 percent while construction shrank at a slower 0.6 percent.  Manufacturing output increased 2.4 percent (4.4 percent in the first quarter) and electricity, water and gas supply rose 1.4 percent (compared with 1.6 percent).

The services sector advanced 1.8 percent (1.9 percent in the previous quarter). Information and media activities grew the most on the year (4.7 percent), followed by accommodation services (4 percent). Growth in the retail sector slowed to 1.8 percent from 2.1 percent in the previous quarter. 

On a quarter-on-quarter seasonally adjusted basis, the economy grew 1.0 percent (up from a revised 0.44 percent in the previous three months).

Joana Taborda | joana.taborda@tradingeconomics.com
8/21/2014 6:11:18 PM


Recent Releases

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

Mexico GDP Growth Disappoints in Q4
In the last three months of 2013, Mexican economy slowed for the second straight quarter expanding only 0.7 percent over a year earlier, hurt by lower production in agriculture and mining. Published on 2014-02-21


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2013-11-21 02:00 PM Mexico
GDP Growth Rate YoY
Q3 2013 1.30% 1.60% (R) 1.0% 1.13%
2014-02-21 02:00 PM Mexico
GDP Growth Rate YoY
Q4 2013 0.7% 1.4% (R) 1.1% 1.5%
2014-05-23 02:00 PM Mexico
GDP Growth Rate YoY
Q1 2014 1.8% 0.7% 2.0% 1.11%
2014-08-21 02:00 PM Mexico
GDP Growth Rate YoY
Q2 2014 1.6% 1.9% (R) 1.5% 1.12%
2014-11-21 02:00 PM Mexico
GDP Growth Rate YoY
Q3 2014 1.6% 1.12%


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 2922676.00 2859918.00 2981029.00 1135833.00 MXN Million [+]
GDP per capita PPP 16290.81 16316.33 16316.33 12479.33 USD [+]