Mexico GDP Annual Growth Rate  1994-2018 | Data | Chart | Calendar

The Mexican economy expanded 2.6 percent year-on-year in the second quarter of 2018, below a preliminary figure of 2.7 percent and following an upwardly revised 1.4 percent growth in the previous quarter. It was the strongest growth rate since the first quarter of 2017, driven by services and industrial sector. GDP Annual Growth Rate in Mexico averaged 2.48 percent from 1994 until 2018, reaching an all time high of 9 percent in the fourth quarter of 1996 and a record low of -9.10 percent in the second quarter of 1995.

Mexico GDP Annual Growth Rate
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Mexico Annual GDP Growth Revised Down to 2.6% in Q2


The Mexican economy expanded 2.6 percent year-on-year in the second quarter of 2018, below a preliminary figure of 2.7 percent and following an upwardly revised 1.4 percent growth in the previous quarter. It was the strongest growth rate since the first quarter of 2017, driven by services and industrial sector.

The services sector advanced 3.3 percent, down from a 3.4 percent in the preliminary estimate and higher than a 2.1 percent expansion in the prior period. Faster growth was recorded in wholesale trade (3.6 percent compared to 2.4 percent in Q1); retail trade (3.6 percent compared to 3.2 percent); real estate activities (2.3 percent compared to 1.2 percent); financial services and insurance (4.9 percent compared to 4.4 percent); information and communication (7.6 percent compared to 3.0 percent) and transportation (3.7 percent compared to 2.8 percent). Also, output rebounded for business services (1.4 percent compared to -3.2 percent) and education (1.8 percent compared to -0.8 percent). In contrast, production fell further for cultural and sports activities (-1.2 percent compared to -0.1 percent) and growth slowed for social assitance (2.3 percent compared to 3.0 percent).

Industrial activity rebounded to 1.3 percent from a 0.8 percent contraction in the first quarter of the year and below a 1.4 percent expansion in the preliminary figure. Manufactury sector advanced 3.3 percent, after shrinking 0.2 percent in the previous period. Additionally, output rose faster for construction (2.5 percent compared to 1.5 percent) and utilities (1.9 percent compared to 0.8 percent). Meanwhile, mining contracted 6.1 percent, the same pace as in the prior quarter.

The agricultural sector grew 1.8 percent, in line with the preliminary estimate and well below a 5.4 percent expansion in the prior period. It was the weakest growth in the agricultural sector since the first quarter of 2016.

On a quarterly basis, the economy shrank 0.2 percent, more than a preliminary estimate of a 0.1 percent contraction and after expanding 1.0 percent in the first quarter.


INEGI | Stefanie Moya | stefanie.moya@tradingeconomics.com
8/24/2018 1:35:40 PM



Calendar GMT Actual Previous Consensus TEForecast
2018-05-23 01:00 PM GDP Growth Rate YoY Final 1.3% 1.5% 1.35% 1.4%
2018-07-31 01:00 PM GDP Growth Rate YoY Prel 2.7% 1.3% 1.4%
2018-08-24 01:00 PM GDP Growth Rate YoY Final 2.6% 1.4% 2.5%
2018-10-30 02:00 PM GDP Growth Rate YoY Prel 2.6% 2.7%
2018-11-23 02:00 PM GDP Growth Rate YoY Final 2.7%


Mexico GDP Last Previous Highest Lowest Unit
GDP Growth Rate -0.20 1.00 3.20 -5.70 percent [+]
GDP Annual Growth Rate 2.60 1.40 9.00 -9.10 percent [+]
GDP 1149.92 1076.91 1314.39 13.04 USD Billion [+]
GDP Constant Prices 18441674.00 18469975.00 18469975.00 9736454.00 MXN Million [+]
Gross Fixed Capital Formation 3849959.74 3729653.04 3849959.74 1475581.33 MXN Million [+]
GDP per capita 9946.16 9871.67 9946.16 3047.11 USD [+]
GDP per capita PPP 17336.47 17206.63 17336.47 10456.94 USD [+]
GDP From Agriculture 610395.65 564795.44 695814.46 326544.91 MXN Million [+]
GDP From Construction 1285128.00 1295018.00 1348313.00 616361.00 MXN Million [+]
GDP From Manufacturing 2957793.00 2867198.00 2957793.00 1579762.00 MXN Million [+]
GDP From Mining 893411.00 914474.00 1339290.00 893411.00 MXN Million [+]
GDP From Public Administration 743888.26 700845.33 743888.26 552862.50 MXN Million [+]
GDP From Services 11762116.59 11315248.38 11826733.38 5606905.89 MXN Million [+]
GDP From Transport 1205541.00 1162267.00 1205541.00 557632.00 MXN Million [+]
GDP From Utilities 276360.00 251642.00 287248.00 93738.00 MXN Million [+]


Mexico GDP Annual Growth Rate

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 Mexico, services account for 62 percent of total GDP. The biggest segments within services are: wholesale and retail trade (16 percent); real estate (10 percent); transport, warehousing and communications (7 percent) and financial services and insurance (6 percent). Industry constitutes 18 percent of output and the largest segments within this sector are: automobile industry (4 percent of total GDP) and food industry (3.8 percent). The remaining share is divided by: construction, water, gas and electricity distribution (8 percent), mining (5 percent), government (4 percent ) and agriculture, forestry, fishing and hunting (3 percent). 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 2018.

Actual Previous Highest Lowest Dates Unit Frequency
2.60 1.40 9.00 -9.10 1994 - 2018 percent Quarterly
NSA




GDP annual growth rate by Country
Country Last
India 8.20 Jun/18
China 6.70 Jun/18
Indonesia 5.27 Jun/18
Turkey 5.20 Jun/18
Singapore 3.90 Jun/18
Argentina 3.60 Mar/18
Australia 3.40 Jun/18
Switzerland 3.40 Jun/18
Netherlands 2.90 Jun/18
United States 2.90 Jun/18
South Korea 2.80 Jun/18
Spain 2.70 Jun/18
Mexico 2.60 Jun/18
Euro Area 2.10 Jun/18
Germany 2.00 Jun/18
Canada 1.90 Jun/18
Russia 1.90 Jun/18
France 1.70 Jun/18
United Kingdom 1.30 Jun/18
Italy 1.20 Jun/18
Saudi Arabia 1.15 Mar/18
Brazil 1.00 Jun/18
Japan 1.00 Jun/18
South Africa 0.40 Jun/18


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