Mexico GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Mexico expanded 1.80 percent in the first quarter of 2014 over the same quarter of the previous year. GDP Annual Growth Rate in Mexico averaged 2.58 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).

   
 
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Mexico GDP Annual Growth Rate


Actual Previous Highest Lowest Dates Unit Frequency
1.80 0.70 8.50 -8.10 1994 - 2014 Percent Quarterly
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 provides - Mexico GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.


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.

The agriculture sector grew 4.9 percent year-on-year, recovering from a 0.2 percent contraction in the previous three months, due to higher production of corn, avocado, orange and potatoes. 

Industrial output expanded 1.6 percent yoy, after contracting for four consecutive quarters. Manufacturing increased 4.3 percent; water, gas and energy output rose 1.4 percent; oil production fell 1.3 percent and construction shrank 2.8 percent. 

The services sector advanced at a slower 1.8 percent (2.1 percent in the previous quarter), driven by the trade and real estate sectors. 

On a quarter-on-quarter seasonally adjusted basis, the economy accelerated slightly and grew 0.3 percent (up from a revised 0.13 percent in the previous three months).

Joana Taborda | joana.taborda@tradingeconomics.com
5/23/2014 3:28:46 PM


Recent Releases

Mexico GDP Growth Disappoints in Q4
In the last three months of 2013, Mexican economy slowed for the second straight quarter expanding only 0.7 percent over a year earlier, hurt by lower production in agriculture and mining. Published on 2014-02-21

Mexican GDP Growth Beats Expectations in Q3
In the third quarter of 2013, Mexican economy expanded at a faster-than-expected 1.3 percent over a year earlier, as growth in manufacturing accelerated, partially offsetting a slowdown in agricultural production. Last quarter, the GDP advanced an annual 1.6 percent. Published on 2013-11-21


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2013-08-20 02:00 PM Mexico
GDP Growth Rate YoY
Q2 2013 1.50% 0.60% (R) 1% 0.11%
2013-11-21 02:00 PM Mexico
GDP Growth Rate YoY
Q3 2013 1.30% 1.60% (R) 1.0% 1.13%
2014-02-21 02:00 PM Mexico
GDP Growth Rate YoY
Q4 2013 0.7% 1.4% (R) 1.1% 1.5%
2014-05-23 02:00 PM Mexico
GDP Growth Rate YoY
Q1 2014 1.8% 0.7% 2.0% 1.11%
2014-08-21 02:00 PM Mexico
GDP Growth Rate YoY
Q2 2014 1.8% 1.12%


GDP Last Previous Highest Lowest Unit
GDP 1260.91 1186.46 1260.91 13.06 USD Billion [+]
GDP Growth Rate 0.28 0.13 2.90 -6.60 Percent [+]
GDP Annual Growth Rate 1.80 0.70 8.50 -8.10 Percent [+]
GDP Constant Prices 13522870.00 13485493.00 13522870.00 7857253.00 MXN Million [+]
GDP per capita 8519.00 8532.35 8532.35 3299.03 USD [+]
Gross Fixed Capital Formation 2839243.00 2854328.00 2981029.00 1135833.00 MXN Million [+]
GDP per capita PPP 12616.64 12291.37 12616.64 9309.83 USD [+]





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