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

The Mexican economy advanced 2.5 percent year-on-year in the last quarter of 2015, compared to a 2.6 expansion in the previous period while beating market expectations of 2.3 percent, according to preliminary estimates. The services sector was the main driver of growth. Considering full 2015, the GDP advanced 2.5 percent compared to 2.1 percent in 2014. GDP Annual Growth Rate in Mexico averaged 2.59 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 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 February of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-10-30 06:30 PM Q3 2.4% 2.2%
2015-11-20 02:00 PM Q3 2.6% 2.3% 2.4% 2.4%
2016-01-29 02:00 PM Q4 2.5% 2.6% 2.3% 2.4%
2016-02-23 02:00 PM Q4 2.6% 2.5%
2016-04-29 01:00 PM Q1
2016-05-20 01:00 PM Q1

Mexican Economy Expands 2.5% in Q4


The Mexican economy advanced 2.5 percent year-on-year in the last quarter of 2015, compared to a 2.6 expansion in the previous period while beating market expectations of 2.3 percent, according to preliminary estimates. The services sector was the main driver of growth.

Preliminary estimates showed the services sector went up 3.5 percent accelerating from a 3.3 percent expansion in the precedent quarter and agriculture activities grew by 3 percent following a 4.1 percent growth in Q3. The industrial sector advanced 0.6 percent compared to a 1.2 percent rise in the previous quarter.

On a quarterly basis, the economy expanded 0.6 percent, slowing from a 0.8 percent growth in the third quarter. 

Considering full 2015, the GDP advanced 2.5 percent compared to 2.1 percent in 2014, boosted by growth in services (+3.2 percent), agriculture (+3.1 percent) and industry (+1 percent).

Joana Ferreira | joana.ferreira@tradingeconomics.com
1/29/2016 2:38:37 PM

Mexico GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.60 0.80 2.90 -6.60 percent [+]
GDP Annual Growth Rate 2.50 2.60 8.50 -8.10 percent [+]
GDP 1294.69 1258.77 1294.69 13.06 USD Billion [+]
GDP Constant Prices 14174637.00 14035823.00 14174637.00 7852847.00 MXN Million [+]
Gross Fixed Capital Formation 3127177.00 3099562.00 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 373644.00 464001.00 504202.00 257767.00 MXN Million [+]
GDP From Construction 1061334.00 1003284.00 1111414.00 448928.00 MXN Million [+]
GDP From Manufacturing 2394055.00 2378035.00 2394055.00 1306823.00 MXN Million [+]
GDP From Mining 958043.00 928364.00 1144157.00 839823.00 MXN Million [+]
GDP From Public Administration 494807.00 523443.00 523443.00 413274.00 MXN Million [+]
GDP From Services 8591919.00 8502516.00 8689135.00 4492599.00 MXN Million [+]
GDP From Transport 830948.00 818005.00 830948.00 435372.00 MXN Million [+]
GDP From Utilities 353194.00 283957.00 353194.00 114895.00 MXN Million [+]




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