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.