Mexico GDP Annual Growth Rate  1994-2017 | Data | Chart | Calendar

The Mexican economy advanced 2.4 percent year-on-year in the last quarter of 2016, above 2.2 percent in the first estimate and higher than an upwardly revised 2.1 percent expansion in the previous quarter. Growth was steady for services and accelerated for agriculture while industrial output stalled, compared to a fall initially estimated, final figures showed. GDP Annual Growth Rate in Mexico averaged 2.59 percent from 1994 until 2016, 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.

Mexico GDP Annual Growth Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-11-23 02:00 PM Q3 2% 2.6% 2% 2%
2017-01-31 02:00 PM Q4 2.2% 2% 2.3% 1.9%
2017-02-22 02:00 PM Q4 2.4% 2.1% 2.2% 2%
2017-04-28 01:00 PM Q1 2.4% 1.8%
2017-05-22 01:00 PM Q1 2.4% 1.8%
2017-07-31 01:00 PM Q2 1.7%




Mexico Annual GDP Growth Revised Up To 2.4% In Q4


The Mexican economy advanced 2.4 percent year-on-year in the last quarter of 2016, above 2.2 percent in the first estimate and higher than an upwardly revised 2.1 percent expansion in the previous quarter. Growth was steady for services and accelerated for agriculture while industrial output stalled, compared to a fall initially estimated, final figures showed.

The services sector rose 3.4 percent, above 3.2 percent in the preliminary estimate and the same as in the previous quarter. Activities increased faster for internal trade (2.6 percent form 1.3 percent in Q3); transportation (2.7 percent from 2.3 percent); restaurants and hotels (3.1 percent from 3 percent) and business support services and waste management and remediation (6.4 percent from 2.2 percent). In contrast, slowdown was seen for: financial and insurance (7.2 percent from 7.9 percent); professional, scientific and technical (4.4 percent from 7 percent); corporate services (1.7 percent from 6.6 percent); education (0.5 percent from 1.5 percent) and recreation and culture (5.2 percent from 10.8 percent). Real estate activities rose 1.8 percent, the same as in the previous period. 

Agriculture went up 6.4 percent, above 6.2 percent in earlier figures but below 6.8 percent in the previous quarter.

Industrial production stalled, compared to a 0.2 percent decline in the earlier release and a 0.8 percent contraction in the previous quarter. Oil went down 10.5 percent and non-oil mining output fell 5.4 percent, offsetting rises in construction (3 percent), utilities (2.8 percent) and manufacturing (1.9 percent).

On a quarterly basis, the economy advanced 0.7 percent, slowing from an upwardly revised 1.1 percent rise in the previous period but higher than 0.6 percent in the preliminary estimate. 

Considering full 2016, the Mexican GDP grew 2.3 percent, below 2.6 percent in 2015. The industrial sector was flat, services increased 3.4 percent and agriculture went up 4.1 percent. 

Joana Taborda | joana.taborda@tradingeconomics.com
2/22/2017 4:48:40 PM



Mexico GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.70 1.10 2.80 -5.40 percent [+]
GDP Annual Growth Rate 2.40 2.10 8.50 -8.10 percent [+]
GDP 1143.79 1298.18 1298.18 13.06 USD Billion [+]
GDP Constant Prices 14589507.00 14486419.00 14589507.00 7851846.00 MXN Million [+]
Gross Fixed Capital Formation 3132090.00 3110190.00 3137280.00 1117300.00 MXN Million [+]
GDP per capita 9510.60 9402.57 9510.60 3686.39 USD [+]
GDP per capita PPP 16490.35 16303.04 16490.35 12547.49 USD [+]
GDP From Agriculture 539757.46 384057.54 539757.46 257767.00 MXN Million [+]
GDP From Construction 1133037.00 1059163.00 1133037.00 448928.00 MXN Million [+]
GDP From Manufacturing 2438973.00 2423167.00 2438973.00 1306823.00 MXN Million [+]
GDP From Mining 863806.00 892845.00 1144157.00 839823.00 MXN Million [+]
GDP From Public Administration 526678.93 496127.87 526678.93 413274.00 MXN Million [+]
GDP From Services 9277217.94 8905208.20 9277217.94 4492599.00 MXN Million [+]
GDP From Transport 882542.00 859810.00 882542.00 435372.00 MXN Million [+]
GDP From Utilities 349198.00 360035.00 360035.00 114895.00 MXN Million [+]



Mexico GDP Annual Growth Rate Notes

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 March of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
2.40 2.10 8.50 -8.10 1994 - 2016 percent Quarterly



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