Mexico GDP Annual Growth Rate 1994-2015 | Data | Chart | Calendar

The Gross Domestic Product (GDP) in Mexico expanded 2.50 percent in the first quarter of 2015 over the same quarter of the previous year. GDP Annual Growth Rate in Mexico averaged 2.57 percent from 1994 until 2015, 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
2.50 2.60 8.50 -8.10 1994 - 2015 percent Quarterly
Mexico is the second largest economy in Latin America. The service sector accounts for 62 percent of total GDP. The biggest segments within services are: wholesale and retail trade (16 percent); 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). The remaining share is divided by: construction, water, gas and electricity distribution (8 percent), mining (5 percent), government (4 percent ) and agriculture, forestry, fishing and hunting (3 percent). 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 Tuesday, August 4, 2015.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2014-11-21 02:00 PM Q3 2.2% 1.6% 2.2% 1.92%
2015-02-20 02:00 PM Q4 2.6% 2.2% 2.6% 1.82%
2015-05-21 02:00 PM Q1 2.5% 2.6% 2.4% 2.31%
2015-08-20 02:00 PM Q2 2.5% 2.8%
2015-11-20 02:00 PM Q3 3.06%


Mexico GDP Growth Slows to 2.5% in Q1


The Mexican economy advanced 2.5 percent year-on-year in the first three months of 2015, slightly down from 2.6 percent in the previous period, but beating market expectations. While mining contracted the most, growth was boosted by construction, retail sales and manufacturing.

The services sector grew 2.9 percent, up from a 2.2 percent rise in the previous period. Internal trade expanded 4.7 percent (+3.3 percent in the previous quarter) while real estate increased at a slower 1.6 percent (2.1 percent in Q4 2014). Transportation and storage went up 3.0 percent and financial and insurance services rose 1.2 percent (+2.0 percent each in the previous period). 

The industrial sector slowed to 1.4 percent (after increasing 1.9 percent in the fourth quarter), driven by a 5.0 percent contraction in mining (-2.3 percent in Q4). In contrast, construction rose at a faster 4.2 (+1.9 percent in Q4), while manufacturing slowed to 2.9 percent (+3.7 percent in Q4). 

Agriculture rose at a faster 6.8 percent, from a 3.2 percent expansion in the fourth quarter of 2014. 

On a quarter-on-quarter seasonally adjusted basis, the economy advanced 0.4 percent in the first three months of 2015, slightly down from 0.7 percent in the previous period but above market expectations.


INEGI | Joana Ferreira | joana.ferreira@tradingeconomics.com
5/21/2015 3:46:09 PM


Recent Releases

Mexico GDP Growth Highest in 2 Years
The Mexican economy advanced 2.6 percent year-on-year in the last three months of 2014, up from 2.2 percent in the previous period and matching market expectations. The growth was boosted by retail sales, manufacturing and construction while mining was dragged down by lower oil output.
Published on 2015-02-20

Mexico GDP Expands 2.2% in Q3
Mexican GDP growth accelerated to 2.2 percent year-on-year in the third quarter of 2014 from 1.6 percent in the previous period. It is the highest gain in seven quarters as industrial production increased at a faster pace.
Published on 2014-11-21

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.
Published on 2014-08-21

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 Last Previous Highest Lowest Unit
GDP 1282.72 1262.25 1282.72 13.06 USD Billion [+]
GDP Growth Rate 0.40 0.70 2.90 -6.60 percent [+]
GDP Annual Growth Rate 2.50 2.60 8.50 -8.10 percent [+]
GDP Constant Prices 13957345.00 13902099.00 13957345.00 7851721.00 MXN Million [+]
GDP per capita 8626.20 8548.00 8626.20 3299.03 USD [+]
Gross Fixed Capital Formation 3058457.00 3029903.00 3058457.00 1117573.00 MXN Million [+]
GDP per capita PPP 16495.80 16290.81 16495.80 12479.33 USD [+]
GDP From Agriculture 401621.00 504202.00 504202.00 257767.00 MXN Million [+]
GDP From Construction 969188.00 1111414.00 1111414.00 448928.00 MXN Million [+]
GDP From Manufacturing 2302808.00 2339697.00 2339697.00 1306823.00 MXN Million [+]
GDP From Mining 959667.00 984417.00 1144157.00 839823.00 MXN Million [+]
GDP From Public Administration 510886.00 519630.00 519630.00 413274.00 MXN Million [+]
GDP From Services 8427697.00 8689135.00 8689135.00 4492599.00 MXN Million [+]
GDP From Transport 794090.00 814535.00 814535.00 435372.00 MXN Million [+]
GDP From Utilities 298646.00 309582.00 317124.00 114895.00 MXN Million [+]


GDP Annual Growth Rate Reference Previous Highest Lowest Unit
Australia 2.30 Mar/15 2.50 9.00 -3.40 percent [+]
Brazil -1.60 Mar/15 -0.20 10.10 -3.15 percent [+]
Canada 2.06 Mar/15 2.63 8.80 -3.70 percent [+]
China 7.00 Jun/15 7.00 14.20 3.80 percent [+]
Euro Area 1.00 Mar/15 0.90 5.00 -5.60 percent [+]
France 0.82 Mar/15 0.03 12.50 -3.95 percent [+]
Germany 1.10 Mar/15 1.60 5.20 -6.80 percent [+]
India 7.50 Mar/15 6.60 11.40 -5.20 percent [+]
Indonesia 4.71 Mar/15 5.01 7.16 1.56 percent [+]
Italy 0.10 Mar/15 -0.50 10.30 -6.90 percent [+]
Japan -0.90 Mar/15 -1.00 9.40 -9.40 percent [+]
Mexico 2.50 Mar/15 2.60 8.50 -8.10 percent [+]
Netherlands 2.50 Mar/15 1.60 5.80 -4.40 percent [+]
Russia -2.20 Mar/15 0.40 12.10 -11.20 percent [+]
South Korea 2.20 Jun/15 2.50 18.20 -7.30 percent [+]
Spain 3.10 Jun/15 2.70 5.60 -4.30 percent [+]
Switzerland 1.10 Mar/15 1.90 7.30 -3.70 percent [+]
Turkey 2.30 Mar/15 2.60 12.60 -14.70 percent [+]
United Kingdom 2.60 Jun/15 2.90 9.80 -5.80 percent [+]
United States 2.30 Jun/15 2.40 13.40 -4.10 percent [+]