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. source: Instituto Nacional de Estadística y Geografía (INEGI)

GDP Growth Rate in Mexico averaged 0.54 percent from 1993 until 2022, reaching an all time high of 13.70 percent in the third quarter of 2020 and a record low of -18 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 September of 2022.

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
2022-07-29 11:00 AM QoQ Prel Q2 1% 1% 0.8% 0.6%
2022-08-25 11:00 AM QoQ Final Q2 0.9% 1.0% 0.9% 1%
2022-10-31 11:00 AM QoQ Prel Q3 0.9% 0.4%


Related Last Previous Unit Reference
GDP Growth Rate 0.90 1.00 percent Jun 2022
GDP Annual Growth Rate 2.00 1.80 percent Jun 2022
GDP Constant Prices 18224695.00 18027967.00 MXN Million Jun 2022
Gross Fixed Capital Formation 3415803.00 3324819.00 MXN Million Jun 2022
Full Year GDP Growth 4.80 -8.20 percent Dec 2021
GDP from Utilities 282058.00 251900.00 MXN Million Jun 2022
GDP from Transport 1279976.00 1168731.00 MXN Million Jun 2022
GDP from Services 11702159.98 11148773.83 MXN Million Jun 2022
GDP from Public Administration 717235.51 702444.57 MXN Million Jun 2022
GDP from Mining 864429.00 909147.00 MXN Million Jun 2022
GDP from Manufacturing 3037568.00 2989102.00 MXN Million Jun 2022
GDP from Construction 1075691.00 1080204.00 MXN Million Jun 2022
GDP from Agriculture 631719.87 573530.95 MXN Million Jun 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 1.00 13.70 -18.00 1993 - 2022 percent Quarterly
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News Stream
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
Mexican Economy Expands More than Expected
The Mexican economy expanded 1.0 percent on quarter in the three months to June of 2022, the same as in the previous period and above market expectations of a 0.8 percent gain, according to preliminary estimates. The manufacturing and services sectors increased by 0.9 percent each, while the primary sector expanded by 1 percent. The country's economy advanced 2.1 percent yearly, following a 1.8 percent gain in the previous period and above a preliminary reading of a 1.4 percent raise.
2022-07-29
Mexican Economy Expands More than Expected
The Mexican economy expanded 1.0 percent on quarter in the first three months of 2022, above preliminary estimates of a 0.9 percent gain and rebounding from a flat reading in the last quarter of 2021. The manufacturing and services sectors increased by 1.2 percent and 1.3 percent, respectively, while the primary sector contracted by 2.0 percent. The country's economy advanced 1.8 percent yearly, following a 1.1 percent gain in the previous period and above a preliminary reading of a 1.6 percent raise.
2022-05-25