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

The Mexican economy expanded 2.9 percent year-on-year in the first three months of 2016, higher than a 2.5 percent increase in the previous quarter. It is the highest growth rate since the last quarter of 2012 as production in both industry and agriculture accelerated and services growth remained robust. On a quarterly basis, the economy advanced 0.8 percent, above 0.5 percent in the previous period. GDP Annual Growth Rate in Mexico averaged 2.60 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
2.90 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)
2016-01-29 02:00 PM Q4 2.5% 2.6% 2.3% 2.4%
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 2.5% 2.9% 2.9%
2016-07-29 01:00 PM Q2 3.21%
2016-08-22 01:00 PM Q2

Mexico GDP Growth at 3-Year High


The Mexican economy expanded 2.9 percent year-on-year in the first three months of 2016, higher than a 2.5 percent increase in the previous quarter. It is the highest growth rate since the last quarter of 2012 as production in both industry and agriculture accelerated and services growth remained robust.

The services sector went up 3.7 percent, the same as in the precedent quarter. Agriculture grew at a faster 3 percent following a 2.7 percent increase in the previous quarter and the industrial sector advanced 2.2 percent compared to a meager 0.2 percent rise in the previous period.

On a quarterly basis, the economy expanded 0.8 percent, higher than a 0.5 percent growth in the fourth quarter of 2015.

INEGI | Francisco Caeiro | francisco.caeiro@tradingeconomics.com
4/29/2016 2:50:36 PM

Mexico GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.80 0.50 2.90 -6.60 percent [+]
GDP Annual Growth Rate 2.90 2.50 8.50 -8.10 percent [+]
GDP 1294.69 1258.77 1294.69 13.06 USD Billion [+]
GDP Constant Prices 14264522.00 14174637.00 14264522.00 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 520521.00 373644.00 520521.00 257767.00 MXN Million [+]
GDP From Construction 1102888.00 1061334.00 1111414.00 448928.00 MXN Million [+]
GDP From Manufacturing 2391083.00 2394055.00 2394055.00 1306823.00 MXN Million [+]
GDP From Mining 945067.00 958043.00 1144157.00 839823.00 MXN Million [+]
GDP From Public Administration 525429.00 494807.00 525429.00 413274.00 MXN Million [+]
GDP From Services 8962800.00 8591919.00 8962800.00 4492599.00 MXN Million [+]
GDP From Transport 852322.00 830948.00 852322.00 435372.00 MXN Million [+]
GDP From Utilities 346536.00 353194.00 353194.00 114895.00 MXN Million [+]




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Mexico 2.90 Mar/16
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El Salvador 2.60 Dec/15
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Somalia 2.60 Dec/14
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Mongolia 2.30 Dec/15
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Germany 2.10 Dec/15
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Chile 1.30 Dec/15
France 1.30 Mar/16
Portugal 1.30 Dec/15
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Paraguay 1.10 Dec/15
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Lebanon 1.00 Dec/15
North Korea 1.00 Dec/14
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Estonia 0.70 Dec/15
Japan 0.70 Dec/15
Belize 0.60 Dec/15
Finland 0.60 Dec/15
Iran 0.60 Mar/15
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Canada 0.50 Dec/15
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Switzerland 0.40 Dec/15
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New Caledonia 0.30 Dec/14
Tunisia 0.30 Dec/15
Barbados 0.20 Dec/14
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