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

The Mexican economy advanced 2.5 percent year-on-year in the second quarter of 2016, compared to a preliminary reading of 2.4 percent and better than a 2.4 percent growth rate in the previous two quarters. Production in industry and agriculture expanded at a faster pace while the services sector grew less due to a slower expansion in domestic demand. 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. 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 2.40 8.50 -8.10 1994 - 2016 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 September of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-05-20 01:00 PM Q1 2.6% 2.4% 2.6% 2.9%
2016-07-29 01:00 PM Q2 1.4% 2.6% 2.4% 2.4%
2016-08-22 01:00 PM Q2 2.5% 2.4% 1.4% 1.4%
2016-10-31 02:00 PM Q3 2.5% 2.3%
2016-11-23 02:00 PM Q3 2.5%

Mexico GDP Expands 2.5% YoY in Q2


The Mexican economy advanced 2.5 percent year-on-year in the second quarter of 2016, compared to a preliminary reading of 2.4 percent and better than a 2.4 percent growth rate in the previous two quarters. Production in industry and agriculture expanded at a faster pace while the services sector grew less due to a slower expansion in domestic demand.

Industrial production went up 1 percent, compared to a 0.3 percent growth in the previous period. Manufacturing (1.6 percent compared to 1 percent in Q1), construction (3 percent compared to 1.7 percent in Q1) and utilities (6.4 percent compared to 1.9 percent in Q1) grew at a faster pace while the mining sector declined 4.3 percent, following a 3.2 percent drop in the previous period. 

The services sector expanded 3.2 percent (3.5 percent in Q1) mainly due to a slowdown in internal trade (2.3 percent from 3.6 percent in Q1) and real estate (1.8 percent from 2.2 percent in Q1) while transportation (2.9 percent from 2.7 percent in Q1) and financial and insurance activities (7.2 percent from 6.7 percent in Q1) grew at a faster pace. 

The agricultural sector advanced 3.8 percent, compared to 3 percent in the previous period.

On a quarterly basis, the economy shrank 0.2 percent, compared to preliminary estimates of a 0.3 percent fall. Yet, it is the first contraction in three years. 

INEGI | Joana Taborda | joana.taborda@tradingeconomics.com
8/22/2016 4:17:52 PM

Mexico GDP Last Previous Highest Lowest Unit
GDP Growth Rate -0.20 0.50 2.80 -5.40 percent [+]
GDP Annual Growth Rate 2.50 2.40 8.50 -8.10 percent [+]
GDP 1144.33 1297.80 1297.80 13.06 USD Billion [+]
GDP Constant Prices 14288700.00 14312808.00 14312808.00 7851752.00 MXN Million [+]
Gross Fixed Capital Formation 3085802.00 3113441.00 3113441.00 1117551.00 MXN Million [+]
GDP per capita 9517.28 9401.66 9517.28 3686.39 USD [+]
GDP per capita PPP 16501.94 16301.47 16501.94 12547.49 USD [+]
GDP From Agriculture 472792.68 409563.10 505842.70 257767.00 MXN Million [+]
GDP From Construction 1036625.00 991456.00 1108865.00 448928.00 MXN Million [+]
GDP From Manufacturing 2428255.00 2344381.00 2428255.00 1306823.00 MXN Million [+]
GDP From Mining 895055.00 931571.00 1144157.00 839823.00 MXN Million [+]
GDP From Public Administration 515481.63 494550.32 520209.93 413274.00 MXN Million [+]
GDP From Services 8730867.42 8688816.41 8956832.03 4492599.00 MXN Million [+]
GDP From Transport 851351.00 825057.00 851462.00 435372.00 MXN Million [+]
GDP From Utilities 321642.00 326653.00 352899.00 114895.00 MXN Million [+]




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