Mexico’s gross domestic product expanded 3.5 percent from a year earlier in the fourth quarter of 2022, easing from a 4.3 percent increase in the previous period and mostly in line with market expectations, first estimates showed. Output grew at a faster pace in the primary sector (6.6 percent vs. 3.6 percent in Q3) while slowing for manufacturing (3.0 percent vs. 3.5 percent) and services (3.4 percent vs. 4.5 percent). The Mexican economy rose by 0.4 percent quarterly, following a revised 1.0 percent gain in the previous quarter. In 2022, growth reached 3.0 percent, also slowing down from the 5 percent advance recorded in 2021. source: Instituto Nacional de Estadística y Geografía (INEGI)
GDP Annual Growth Rate in Mexico averaged 2.14 percent from 1994 until 2022, reaching an all time high of 19.90 percent in the second quarter of 2021 and a record low of -18.70 percent in the second quarter of 2020. This page provides - Mexico GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Mexico GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on February of 2023.
GDP Annual Growth Rate in Mexico is expected to be 2.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Mexico GDP Annual Growth Rate is projected to trend around 2.00 percent in 2024, according to our econometric models.