The Mexican economy expanded 0.5 percent on quarter in the three months to December 2022, slightly above preliminary estimates of a 0.4 percent gain and easing from a revised 0.9 percent growth in the previous period. Output slowed for all three major sectors, including the primary (2.0 percent vs. 3.2 percent in Q3), manufacturing (0.5 percent vs. 0.6 percent), and services (0.1 percent vs. 1.0 percent). The country's economy advanced 3.6 percent yearly, following a revised 4.4 percent gain in the previous period but above a preliminary reading of a 4.3 percent raise. The Mexican economy expanded by 3.1 percent in 2022, slowing down from the 5 percent advance recorded last year. source: Instituto Nacional de Estadística y Geografía (INEGI)

GDP Growth Rate in Mexico averaged 0.55 percent from 1993 until 2022, reaching an all time high of 13.10 percent in the third quarter of 2020 and a record low of -17.80 percent in the second quarter of 2020. This page provides - Mexico GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Mexico GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on March of 2023.

GDP Growth Rate in Mexico is expected to be 0.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Mexico GDP Growth Rate is projected to trend around 1.00 percent in 2024, according to our econometric models.

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Mexico GDP Growth Rate



Calendar GMT Actual Previous Consensus TEForecast
2023-01-31 12:00 PM QoQ Prel Q4 0.4% 1% 0.3% 0.4%
2023-02-24 12:00 PM QoQ Final Q4 0.5% 0.9% 0.4% 0.4%
2023-04-28 11:00 AM QoQ Prel Q1 0.5% 0.1%


Related Last Previous Unit Reference
GDP Growth Rate 0.50 0.90 percent Dec 2022
GDP Annual Growth Rate 3.60 4.40 percent Dec 2022
GDP Constant Prices 18560365.00 18476243.00 MXN Million Dec 2022
Gross Fixed Capital Formation 3425192.00 3415803.00 MXN Million Sep 2022
Full Year GDP Growth 3.10 5.00 percent Dec 2022
GDP from Utilities 225891.00 247230.00 MXN Million Dec 2022
GDP from Transport 1263985.00 1241496.00 MXN Million Dec 2022
GDP from Services 12032649.45 11697347.06 MXN Million Dec 2022
GDP from Public Administration 724717.01 693791.40 MXN Million Dec 2022
GDP from Mining 843575.00 842856.00 MXN Million Dec 2022
GDP from Manufacturing 3051297.00 3103411.00 MXN Million Dec 2022
GDP from Construction 1126137.00 1072319.00 MXN Million Dec 2022
GDP from Agriculture 778996.90 536497.79 MXN Million Dec 2022

Mexico GDP Growth Rate
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).
Actual Previous Highest Lowest Dates Unit Frequency
0.50 0.90 13.10 -17.80 1993 - 2022 percent Quarterly
SA

News Stream
Mexico Q4 GDP Growth Revised Higher
The Mexican economy expanded 0.5 percent on quarter in the three months to December 2022, slightly above preliminary estimates of a 0.4 percent gain and easing from a revised 0.9 percent growth in the previous period. Output slowed for all three major sectors, including the primary (2.0 percent vs. 3.2 percent in Q3), manufacturing (0.5 percent vs. 0.6 percent), and services (0.1 percent vs. 1.0 percent). The country's economy advanced 3.6 percent yearly, following a revised 4.4 percent gain in the previous period but above a preliminary reading of a 4.3 percent raise. The Mexican economy expanded by 3.1 percent in 2022, slowing down from the 5 percent advance recorded last year.
2023-02-24
Mexican Economy Expands More than Expected
The Mexican economy grew 0.4 percent on quarter in the last three months of 2022, following a revised 1.0 percent gain in the previous quarter and above market expectations of a 0.3 percent gain, first estimates showed. The primary sector expanded by 2.0 percent, while the manufacturing and services sectors increased by 0.4 percent and 0.2 percent, respectively. Compared to the same quarter in 2021, the economy advanced 3.5 percent, following a 4.3 percent gain in the previous period and mostly in line with market expectations. Meanwhile, the Finance Ministry said the GDP will expand between 2.9 percent and 3.0 percent in 2022 despite a challenging international environment, slowing down from the 5 percent advance recorded in 2021.
2023-01-31
Mexico Q3 GDP Revised Lower
The Mexican economy expanded 0.9 percent on quarter in the three months to September 2022, slightly below preliminary estimates of a 1.0 percent gain and easing from a revised 1.1 percent growth in the previous period. Output slowed for all three major sectors, including the primary (2.0 percent vs. 2.9 percent in Q2), manufacturing (0.6 percent vs. 0.7 percent), and services (1.1 percent vs. 1.3 percent). The country's economy advanced 4.3 percent yearly, following a revised 2.4 percent gain in the previous period but above a preliminary reading of a 4.2 percent raise. Looking for the bigger picture, the Finance Ministry said in a report that the economy will expand by 2.4 percent in 2022 despite a challenging international environment, partly because of strength in the labor market that has supported private consumption.
2022-11-25