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. 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.

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Mexico GDP Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.00 -0.10 3.20 -5.70 1993 - 2019 percent Quarterly
SA



Calendar GMT Actual Previous Consensus TEForecast
2019-07-31 11:00 AM GDP Growth Rate QoQ Prel Q2 0.1% -0.2% -0.1% 0%
2019-08-23 11:00 AM GDP Growth Rate QoQ Final Q2 0% -0.3% 0% 0.1%
2019-10-30 12:00 PM GDP Growth Rate QoQ Prel Q3 0.1% 0% 0.2% 0.3%
2019-11-25 12:00 PM GDP Growth Rate QoQ Final Q3 0% -0.1% 0.1% 0.1%
2020-01-30 12:00 PM GDP Growth Rate QoQ Prel Q4 0% 0.6%


News Stream
2019-10-30
Mexican GDP Grows 0.1% QoQ in Q3
Mexico's gross domestic product advanced 0.1 percent quarter-on-quarter in the three months to September 2019, after showing no growth in the previous period and below market forecasts of a 0.2 percent expansion, a preliminary estimate showed. Agricultural output rebounded and industrial output contracted at a softer pace while the services sector stalled.

2019-08-23
Mexico GDP Growth Stalls in Q2
Mexico's gross domestic product stalled in the three months to June 2019, after an upwardly revised 0.3 percent contraction in the previous period, and below a preliminary reading of a 0.1 percent expansion, final figures showed. Agricultural output shrank sharply while services activity recovered and industrial output contracted at a slower pace.

2019-07-31
Mexico GDP Grows 0.1% QoQ in Q2
Mexico's gross domestic product expanded 0.1 percent on quarter in the three months to June 2019, recovering from a 0.2 percent contraction in the previous period and beating market expectations of a 0.1 percent fall, a preliminary estimate showed. Services activity advanced slightly while industry made no contribution to growth and agriculture output contracted sharply.

2019-05-24
Mexico Economy Shrinks 0.2% QoQ in Q1
The gross domestic product in Mexico declined 0.2 percent on quarter in the three months to March 2019, in line with the preliminary figure and after showing no growth in the prior quarter. Services and industry shrank while the primary sector lost steam.

2019-04-30
Mexico GDP Contracts 0.2% QoQ in Q1
The Mexican economy shrank 0.2 percent on quarter in the three months to March of 2019, following a 0.2 percent growth in the previous period, a preliminary estimate showed. Both the industrial sector and services contracted.

2019-02-25
Mexico Q4 GDP Growth Revised Down to 0.2% QoQ
The Mexican economy advanced 0.2 percent on quarter in the three months to December of 2018, slowing from a downwardly revised 0.6 percent expansion in the previous period, lower than a preliminary estimate of 0.3 percent and in line with market expectations. The slowdown was mainly due to a contraction in the industrial sector. Considering full 2018, the economy grew 2.0 percent over a year ago.


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).

Mexico GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.00 -0.10 3.20 -5.70 percent [+]
GDP Annual Growth Rate -0.30 -0.90 9.00 -9.10 percent [+]
GDP 1223.81 1158.07 1314.56 13.04 USD Billion [+]
GDP Constant Prices 18552130.00 18549655.00 18593949.00 9736415.00 MXN Million [+]
Gross Fixed Capital Formation 3516287.00 3594507.00 3839384.00 1476961.00 MXN Million [+]
GDP per capita 10385.30 10297.59 10385.30 3907.49 USD [+]
GDP per capita PPP 18101.90 17949.02 18101.90 13452.23 USD [+]
GDP From Agriculture 513035.74 615696.81 698863.42 326544.91 MXN Million [+]
GDP From Construction 1185852.00 1225708.00 1348285.00 616361.00 MXN Million [+]
GDP From Manufacturing 3005713.00 2966388.00 3005713.00 1579762.00 MXN Million [+]
GDP From Mining 853816.00 836714.00 1339290.00 836714.00 MXN Million [+]
GDP From Public Administration 683073.70 727270.63 764241.00 552862.50 MXN Million [+]
GDP From Services 11652795.25 11775840.09 12146354.40 5606905.89 MXN Million [+]
GDP From Transport 1219630.00 1227589.00 1227589.00 557632.00 MXN Million [+]
GDP From Utilities 319650.00 295915.00 319650.00 93738.00 MXN Million [+]