The Mexican economy stagnated in the third quarter of 2019, below a preliminary estimate of a 0.1 percent growth and following a downwardly revised 0.1 percent contraction in the prior period, final data showed. The primary sector recovered, services activities grew and industrial output shrank at a softer pace.
GDP Growth Rate in Mexico averaged 0.58 percent from 1993 until 2019, reaching an all time high of 3.20 percent in the third quarter of 2009 and a record low of -5.70 percent in the first quarter of 1995. This page provides - Mexico GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Instituto Nacional de Estadística y Geografía (INEGI)
GDP Growth Rate in Mexico is expected to be 0.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Mexico to stand at 1.00 in 12 months time. In the long-term, the Mexico GDP Growth Rate is projected to trend around 0.80 percent in 2020, according to our econometric models.