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. 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 13.20 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 January of 2023.

GDP Growth Rate in Mexico is expected to be 0.40 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 0.50 percent in 2023, according to our econometric models.

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Mexico GDP Growth Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-10-31 12:00 PM QoQ Prel Q3 1% 0.9% 0.7% 1.1%
2022-11-25 12:00 PM QoQ Final Q3 0.9% 1.1% 1% 1%
2023-01-31 12:00 PM QoQ Prel Q4 0.9% 0.4%


Related Last Previous Unit Reference
GDP Growth Rate 0.90 1.10 percent Sep 2022
GDP Annual Growth Rate 4.30 2.40 percent Sep 2022
GDP Constant Prices 18479018.00 18224695.00 MXN Million Sep 2022
Gross Fixed Capital Formation 3425192.00 3415803.00 MXN Million Sep 2022
Full Year GDP Growth 4.80 -8.20 percent Dec 2021
GDP from Utilities 247685.00 282058.00 MXN Million Sep 2022
GDP from Transport 1241817.00 1279976.00 MXN Million Sep 2022
GDP from Services 11680804.87 11702159.98 MXN Million Sep 2022
GDP from Public Administration 694085.03 717235.51 MXN Million Sep 2022
GDP from Mining 843255.00 864429.00 MXN Million Sep 2022
GDP from Manufacturing 3103448.00 3037568.00 MXN Million Sep 2022
GDP from Construction 1070553.00 1075691.00 MXN Million Sep 2022
GDP from Agriculture 538125.51 631719.87 MXN Million Sep 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
0.90 1.10 13.20 -17.80 1993 - 2022 percent Quarterly
SA

News Stream
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
Mexican Economy Grows More than Expected
The Mexican economy expanded 1.0 percent on quarter in the three months to September 2022, following a 0.9 percent gain in the previous quarter and above market expectations of a 0.7 percent gain, first estimates showed. Output increased fast for agriculture (1.8 percent vs. 0.9 percent in Q2) and services (1.2 percent vs. 0.9 percent), while it stood unchanged for manufacturing (at 0.9 percent). The country's economy advanced 4.2 percent yearly, following a 2.0 percent gain in the previous period and above analysts' expectations of a 2.8 percent rise. 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.
2022-10-31
Mexico Q2 GDP Revised Lower
The Mexican economy expanded 0.9 percent on quarter in the three months to June 2022, slightly below preliminary estimates of a 1.0 percent gain and easing from a 1.0 percent growth in the previous period. All three major sectors, including the primary, manufacturing, and services, expanded 0.9 percent. The country's economy advanced 2.0 percent yearly, following a 1.8 percent gain in the previous period and below a preliminary reading of a 2.1 percent raise.
2022-08-25