Mexico GDP Growth Rate 1993-2017 | Data | Chart | Calendar | Forecast

The Mexican economy contracted 0.3 percent on quarter in the third quarter of 2017, worse than a preliminary estimate of a 0.2 percent decline and compared to a downwardly revised 0.3 percent increase in the previous quarter. Manufacturing declined more than expected, final figures showed. It was the first contraction since the fourth quarter of 2015. GDP Growth Rate in Mexico averaged 0.61 percent from 1993 until 2017, reaching an all time high of 2.90 percent in the fourth quarter of 1996 and a record low of -5.80 percent in the first quarter of 1995.

Mexico GDP Growth Rate
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Mexico GDP Shrinks More than Expected in Q3


The Mexican economy contracted 0.3 percent on quarter in the third quarter of 2017, worse than a preliminary estimate of a 0.2 percent decline and compared to a downwardly revised 0.3 percent increase in the previous quarter. Manufacturing declined more than expected, final figures showed. It was the first contraction since the fourth quarter of 2015.

Industrial output decreased 0.6 percent, compared to an earlier estimate of a 0.5 percent slump and after falling 0.4 percent in the previous quarter. The services sector edged down 0.1 percent, in line with the preliminary reading and worse than a 0.6 percent rise in the second quarter. The primary sector went up 0.5 percent (0.5 percent in the first figure) and compared to a 0.7 percent decline in the previous period.

Year-on-year, the economy expanded an unadjusted 1.5 percent in the third quarter, the lowest growth rate in four years.

INEGI | Luisa Carvalho |
11/24/2017 2:53:14 PM



Calendar GMT Actual Previous Consensus TEForecast
2017-08-22 01:00 PM GDP Growth Rate QoQ Final 0.6% 0.7% 0.6% 0.6%
2017-10-31 02:00 PM GDP Growth Rate QoQ Prel -0.2% 0.6% 0.60%
2017-11-24 02:00 PM GDP Growth Rate QoQ Final -0.3% 0.3% -0.2% -0.2%
2018-01-31 02:00 PM GDP Growth Rate QoQ Prel -0.3%
2018-02-22 02:00 PM GDP Growth Rate QoQ Final
2018-04-28 01:00 PM GDP Growth Rate QoQ Prel


Mexico GDP Last Previous Highest Lowest Unit
GDP Growth Rate -0.30 0.30 2.90 -5.80 percent [+]
GDP Annual Growth Rate 1.50 1.90 9.00 -9.10 percent [+]
GDP 1046.00 1151.04 1298.40 13.06 USD Billion [+]
GDP Constant Prices 18103081.97 18155939.82 18155939.82 9744894.50 MXN Million [+]
Gross Fixed Capital Formation 3085988.00 3077463.23 3151045.27 1254266.37 MXN Million [+]
GDP per capita 9707.10 9613.00 9707.10 3686.39 USD [+]
GDP per capita PPP 16831.10 16667.80 16831.10 12584.50 USD [+]
GDP From Agriculture 481009.82 594519.55 669461.69 326544.91 MXN Million [+]
GDP From Construction 1273686.00 1253170.00 1348470.00 616361.00 MXN Million [+]
GDP From Manufacturing 2894739.00 2866794.00 2894739.00 1579762.00 MXN Million [+]
GDP From Mining 911741.00 954428.00 1339290.00 911741.00 MXN Million [+]
GDP From Public Administration 687633.62 718061.00 731016.84 552862.50 MXN Million [+]
GDP From Services 11273873.33 11401392.89 11561916.17 5606905.89 MXN Million [+]
GDP From Transport 1158472.00 1164350.00 1164350.00 557632.00 MXN Million [+]
GDP From Utilities 285586.00 270290.00 287248.00 93738.00 MXN Million [+]


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). This page provides - Mexico GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Mexico GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on December of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-0.30 0.30 2.90 -5.80 1993 - 2017 percent Quarterly
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GDP growth rate by Country
Country Last
United States 3.30 Sep/17
Indonesia 3.18 Sep/17
China 1.70 Sep/17
South Korea 1.50 Sep/17
India 1.40 Jun/17
Turkey 1.20 Sep/17
Russia 1.08 Jun/17
Germany 0.80 Sep/17
Spain 0.80 Sep/17
Australia 0.60 Sep/17
Euro Area 0.60 Sep/17
Japan 0.60 Sep/17
Switzerland 0.60 Sep/17
France 0.50 Sep/17
Canada 0.40 Sep/17
Italy 0.40 Sep/17
Netherlands 0.40 Sep/17
United Kingdom 0.40 Sep/17
Brazil 0.10 Sep/17
Mexico -0.30 Sep/17