Mexico GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Mexico expanded 0.70 percent in the fourth quarter of 2013 over the same quarter of the previous year. GDP Annual Growth Rate in Mexico is reported by the Instituto Nacional de Estadística y Geografía (INEGI). GDP Annual Growth Rate in Mexico averaged 2.59 Percent from 1994 until 2013, 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 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. 2014-04-16

Actual Previous Highest Lowest Forecast Dates Unit Frequency
0.70 1.40 8.50 -8.10 1.11 | 2014/03 1994 - 2013 Percent Quarterly


Mexico GDP Annual Growth Rate

CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2013-05-17 02:00 PM Mexico
GDP Growth Rate YoY
Q1 2013 0.80% 3.2% 1.7%
2013-08-20 02:00 PM Mexico
GDP Growth Rate YoY
Q2 2013 1.50% 0.60% (R) 1% 0.11%
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 0.7% 1.11%
2014-08-21 02:00 PM Mexico
GDP Growth Rate YoY
Q2 2014 1.12%

GDP Last Previous Highest Lowest Forecast Unit
GDP Constant Prices 13469613.00 2013-11-15 13445587.00 13469613.00 7857253.00 13483399.19 2014-03-31 MXN Million [+]
Gross Fixed Capital Formation 2858437.00 2013-11-15 2854511.00 2981029.00 1135833.00 2806371.06 2014-03-31 MXN Million [+]
GDP per capita 8250.87 2012-12-31 8038.15 8250.87 3250.99 8355.86 2013-12-31 USD [+]
GDP per capita PPP 12616.64 2012-12-31 12291.37 12616.64 9309.83 12936.53 2013-12-31 USD [+]
GDP Annual Growth Rate 0.70 2013-12-31 1.40 8.50 -8.10 1.11 2014-03-31 Percent [+]
GDP Growth Rate 0.18 2013-12-31 0.95 2.90 -6.60 -0.04 2014-03-31 Percent [+]
GDP 1177.30 2012-12-31 1158.20 1177.30 13.10 1237.57 2013-12-31 USD Billion [+]

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.

The primary sector contracted 0.3 percent year-on-year, hurt by lower production of sugar, maize, mango, onions and oranges. 

The secondary sector shrank for the fourth straight quarter by 0.4 percent. Growth in manufacturing production (1.9 percent) and in electricity and water supply (0.8 percent) was not enough to offset a drop in construction (-4.6 percent) and mining output (-0.9 percent). 

The tertiary sector was the main source of growth but rose at a slower rate (1.3 percent). Support services recorded the highest expansion (2.8 percent), followed by the retail sector (2.4 percent). 

For full 2013, the GDP expanded at a significantly lower 1.1 percent, down from 3.9 percent in 2012.

Joana Taborda |
2/21/2014 2:26:50 PM


Mexican GDP Growth Beats Expectations in Q3
In the third quarter of 2013, Mexican economy expanded at a faster-than-expected 1.3 percent over a year earlier, as growth in manufacturing accelerated, partially offsetting a slowdown in agricultural production. Last quarter, the GDP advanced an annual 1.6 percent. Published on 2013-11-21

Mexico GDP Expands 1.5% YoY in Q2
In the second quarter of 2013, Mexican GDP grew 1.5 percent year-on-year, up from 0.6 percent in the previous three-month period, but slower from 4.2 percent recorded a year earlier. Published on 2013-08-20

GDP Annual Growth Rate | Notes
The annual growth rate in Gross Domestic Product measures the increase in value of the goods and services produced by an economy over the period of a year. Therefore, unlike the commonly used quarterly GDP growth rate the annual GDP growth rate takes into account a full year of economic activity, thus avoiding the need to make any type of seasonal adjustment.


Mexico Inflation Rate Decelerates in March  
Mexican annual consumer prices slowed for the second straight month to 3.76 percent in March of 2014, down from 4.23 percent in February. The inflation is now below the central bank’s 4 percent limit.
Mexico Trade Balance Returns to Surplus  
In February of 2014, Mexico posted a USD 976 million trade surplus, after recording in January the highest deficit on record. The figure compares with a USD 80 million surplus in the same month last year.
Mexico Unemployment Rate Falls in February  
Mexican jobless rate decreased to 4.65 percent in February of 2014 from 5.05 percent in January. A year ago, the unemployment rate was recorded at 4.85 percent.
Mexico Leaves Monetary Policy on Hold  
At its March 21st, 2014 meeting, Bank of Mexico left the overnight interbank rate steady at 3.5 percent for the third straight meeting, as it considers that the current policy stance remains appropriate to reach the 3 percent inflation target.
Mexico Inflation Rate Slows in February  
Mexican consumer prices rose by an annual 4.23 percent in February, down from 4.48 percent in January, as the effects of new taxes eased. A year earlier, the inflation was recorded at 3.55 percent.
Mexico Posts Record Trade Deficit in January  
In January of 2014, Mexican trade balance posted a USD 3.195 billion deficit, the highest trade deficit on record and mainly due to a fall in oil exports.
Mexico Unemployment Rate Rises in January  
In January of 2014, Mexican jobless rate edged up to 5.05 percent, after falling in December last year to a 5-year low at 4.25 percent.
Mexican Economy Slows in Q4  
Mexico’s GDP growth slowed in the last quarter of 2013 hurt by a drop in industrial production. The economy advanced a meager 0.2 percent on a quarter-on-quarter seasonally adjusted basis, down from a revised 0.95 percent growth rate in the previous three-month period.
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.
Mexico Annual Inflation Rate Hits 7-month High in January  
Mexican consumer prices rose 4.48 percent in the year through January up from 4 percent reported in December. During the month prices increased 0.89 percent.


New Zealand Inflation Rate Slows in Q1  
The CPI increased 1.5 percent in the year to the March 2014 quarter, following a 1.6 percent increase in the year to the December 2013 quarter. About half of the annual increase came from housing and household utility prices, which increased 3.3 percent.
US Inflation Rate Up to 1.5% in March  
US annual consumer prices accelerated to 1.5 percent in March, boosted by higher shelter and food cost. On a monthly basis, the inflation rate edged up to 0.2 percent, following a 0.1 percent increase in February.
India Consumer Inflation Edges Up in March  
Indian annual consumer prices accelerated in March for the first time in four months to 8.31 percent, up from a revised 8.03 percent in February, driven by higher food prices.
Nigerian Inflation Rate Edges Up Slightly in March  
The annual consumer prices in Nigeria accelerated to 7.8 percent in March of 2014, from 7.7 percent recorded in February, as food cost edged up. Compared with the same period a year earlier, the inflation rate slowed down from 8.6 in March of 2013.
Turkey Unemployment Rate Edges Up Slightly in January  
Turkish jobless rate increased for the third consecutive month in January of 2014 to 10.1 percent, up from 10.0 percent in the previous month, but decreased compared with 10.6 percent recorded a year earlier.
Euro Area Trade Surplus Widens in February On Rising Exports  
The first estimate for the Euro Area trade in goods balance with the rest of the world in February of 2014 gave a € 13.6 billion surplus, compared with € +9.8 bn in February of 2013. The January 2014 balance was € +0.8 bn.
UK Inflation Rate Slows Further in March  
UK annual consumer prices fell to its lowest in over four year in March of 2014. The inflation rate decelerated for the sixth consecutive month to 1.6 percent, down from 1.7 percent in February, due to lower fuel, clothing and furniture prices.
India Wholesale Inflation Up to 3-Month High  
In March of 2014, India wholesale prices accelerated to an annual 5.7 percent on higher food, fuel and manufacturing cost, breaking a three-month easing trend.
Ghana’s Economy Advances 2.7% QoQ in Q4  
Ghana GDP growth accelerated to a quarter-on-quarter seasonally adjusted 2.7 percent in the last three months of 2013. Figures for the previous quarter were revised to show a 4.4 percent contraction, down from a 0.5 percent expansion initially reported.
US Retail Sales Beat Expectations in March  
Retail sales increased 1.1 percent over the previous month in March of 2014, up from a revised 0.7 percent rise in February. It is the biggest growth rate in 1-1/2 years.

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