Mexico GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Mexico expanded 0.80 percent in the first 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. Historically, from 2004 until 2013, Mexico GDP Annual Growth Rate averaged 2.66 Percent reaching an all time high of 7.60 Percent in June of 2010 and a record low of -9.60 Percent in June of 2009. 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 includes a chart with historical data for Mexico GDP Annual Growth Rate.

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Mexico GDP Annual Growth Rate
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Mexico´s Economy Expands 0.8% yoy in Q1
Duarte Ricardo | duarte.ricardo@tradingeconomics.com  |  5/17/2013 4:54:20 PM


Mexico GDP expanded 0.8 percent yoy in the first quarter of 2013, below the 3.2% expansion registered in the previous quarter.

The primary sector grew 2.8 percent due to increased production of crops such as: corn, wheat, barley grain, forage maize, avocado, forage oats, sugarcane, forage sorghum, papaya, lemon, onion, orange, beans, green tomatoes and green alfalfa.

The secondary sector contracted 1.5 percent as a result of the declines registered in construction (2.3 percent), manufacturing (1.6 percent) and electricity, water and gas supply (1.3 percent). On the other hand, the mining segment increased 0.2 percent.

The tertiary sector expanded 1.9 percent driven by the increases registered in mass media information and services (6.3 percent), business and support services (5.3 percent), financial services and insurance (3.6 percent),  health care and other social services (3.6 percent), real estate services and rental of personal property and intangible goods (2.3 percent) and trade (1.3 percent). 

On a quarter over quarter basis, the GDP expanded seasonally adjusted 0.45 percent.  

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Mexico’s Economy Grows Steady in Q4 Mexican GDP expanded 3.2 percent year over year in the fourth quarter of 2012 as strong domestic demand offset weaker exports. 2013-02-18



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.






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