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

The Gross Domestic Product (GDP) in Mexico expanded 2.60 percent in the fourth quarter of 2014 over the same quarter of the previous year. GDP Annual Growth Rate in Mexico averaged 2.57 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).

      Forecast    
Mexico GDP Annual Growth Rate


Actual Previous Highest Lowest Dates Unit Frequency
2.60 2.20 8.50 -8.10 1994 - 2014 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 Monday, April 20, 2015.


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.

The services sector grew 2.9 percent, up from a 2.1 percent rise in the previous period. Internal trade expanded 5.4 percent (3.9 percent in the previous quarter) while real estate increased at a slower 2.1 percent (2.3 percent in the third quarter). Transportation and storage went up 2.5 percent and financial and insurance services rose 2 percent (1.2 percent and 1 percent respectively in the previous period). 

The industrial sector expanded 2.4 percent (2 percent in the third quarter), driven by a 4.6 percent increase in manufacturing (3.3 percent in Q3) and a 5.9 percent surge in construction (3.7 percent in Q3). In contrast, the mining sector shrank 5.7 percent, after falling 2.1 percent in the three months to September. 

Agriculture rose 1.1 percent, slowing sharply from a 6.8 percent surge in the third quarter. 

On a quarter-on-quarter seasonally adjusted basis, the economy advanced 0.7 percent in the last three months of 2014, slightly up from 0.5 percent in the previous period but below market expectations.

Considering full 2014, the economy expanded 2.1 percent, short of the 3.9 percent that the government had forecasted at the start of 2014.

Joana Taborda | joana.taborda@tradingeconomics.com
2/20/2015 3:07:04 PM


Recent Releases

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


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-08-21 02:00 PM
GDP Growth Rate YoY  Q2
1.6% 1.9% (R) 1.5% 1.12%
2014-11-21 02:00 PM
GDP Growth Rate YoY  Q3
2.2% 1.6% 2.2% 1.92%
2015-02-20 02:00 PM
GDP Growth Rate YoY  Q4
2.6% 2.2% 2.6% 1.82%
2015-05-21 02:00 PM
GDP Growth Rate YoY  Q1
2.6% 2.31%
2015-08-20 02:00 PM
GDP Growth Rate YoY  Q2
2.11%
2015-11-20 02:00 PM
GDP Growth Rate YoY  Q3
2.14%


Mexico GDP Last Previous Highest Lowest Unit
GDP 1260.91 1186.46 1260.91 13.06 USD Billion [+]
GDP Growth Rate 0.70 0.50 2.90 -6.60 percent [+]
GDP Annual Growth Rate 2.60 2.20 8.50 -8.10 percent [+]
GDP Constant Prices 13905634.00 13811997.00 13905634.00 7851721.00 MXN Million [+]
GDP per capita 8519.00 8532.35 8532.35 3299.03 USD [+]
Gross Fixed Capital Formation 3029903.00 2987983.00 3029903.00 1117573.00 MXN Million [+]
GDP per capita PPP 16290.81 16316.33 16316.33 12479.33 USD [+]


GDP Annual Growth Rate Reference Previous Highest Lowest Unit
Australia 2.50 Nov/14 2.70 9.00 -3.40 percent [+]
Brazil -0.20 Nov/14 -0.60 10.10 -3.15 percent [+]
Canada 2.63 Nov/14 2.75 8.80 -3.70 percent [+]
China 7.00 Feb/15 7.30 14.20 3.80 percent [+]
Euro Area 0.90 Nov/14 0.80 5.00 -5.50 percent [+]
France 0.24 Nov/14 0.41 12.50 -3.92 percent [+]
Germany 1.60 Nov/14 1.20 5.20 -6.80 percent [+]
India 7.50 Nov/14 8.20 11.40 -5.20 percent [+]
Indonesia 5.01 Nov/14 4.92 7.16 1.56 percent [+]
Italy -0.50 Nov/14 -0.50 10.30 -6.90 percent [+]
Japan -0.80 Nov/14 -1.40 9.40 -9.40 percent [+]
Mexico 2.60 Nov/14 2.20 8.50 -8.10 percent [+]
Netherlands 1.40 Nov/14 1.00 5.80 -4.40 percent [+]
Russia 0.40 Nov/14 0.90 12.10 -11.20 percent [+]
South Korea 2.70 Nov/14 3.20 18.20 -7.30 percent [+]
Spain 2.50 Feb/15 2.00 5.80 -4.40 percent [+]
Switzerland 1.90 Nov/14 1.90 7.30 -3.70 percent [+]
Turkey 2.60 Nov/14 1.90 12.60 -14.70 percent [+]
United Kingdom 3.00 Nov/14 2.80 9.80 -5.80 percent [+]
United States 2.40 Nov/14 2.70 13.40 -4.10 percent [+]