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Mexico GDP Annual Growth Rate

Last Release
Mar 2020
Actual
-1.4 %
Forecast
-15 %
Previous
-0.7 %
Frequency
Quarterly
Units In
%
Next Release
Aug 24, 2020
Time to Release
1 Months 12 Days 13 Hours
Highest
Lowest
Average
Date Range
Source
9 %
Dec 1996
-9.1 %
Jun 1995
2.35 %1994 - 2020N/A
Mexico is the second largest economy in Latin America. The country has an export-oriented economy: more than 90 percent of trade is under free trade agreements. 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).

Latest Updates

The Mexican economy shrank 0.3 percent year-on-year in the third quarter of 2019, below a preliminary figure of a 0.4 percent decline and an upwardly revised 0.9 percent contraction in the previous period. The industrial sector fell less than initially thought while services unexpectedly grew.

Mexico GDP Annual Growth Rate History

Last 12 readings

Latest Releases and Calendar Events

DATETIMETITLE
Nov 25, 201915:25Recession in Mexico Confirmed in Q3
Oct 30, 201912:50Mexican Economy Enters Recession in Q3
Aug 23, 201911:29Mexico Economy Contracts for 1st Time since 2009
Jul 31, 201911:15Mexico GDP Contracts for First Time in a Decade
May 24, 201914:39Mexico Annual GDP Growth Rate Revised Down to 1.2%
Apr 30, 201913:13Mexico GDP Annual Growth at 1-Year Low of 1.3%
DATETIMEEVENTActual
Oct 30, 201912:00GDP Growth Rate YoY Prel-0.4 %
Aug 23, 201911:00GDP Growth Rate YoY Final-0.8 %
Jul 31, 201911:00GDP Growth Rate YoY Prel-0.7 %
May 24, 201913:00GDP Growth Rate YoY Final1.2 %

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Mexico gdp Indicators

All Mexico indicators
Indicator
Last
Previous
Min
Max
Unit
Frequency
Range
GDP
1,200
Dec 2019
1,220.7
Dec 2018
13.04
Dec 1960
1,314.56
Dec 2014
USD BillionYearly1960 - 2019
GDP Annual Growth Rate
-1.4
Mar 2020
-0.7
Dec 2019
-9.1
Jun 1995
9
Dec 1996
%Quarterly1994 - 2020
GDP Constant Prices
18,139,598
Mar 2020
18,367,535
Dec 2019
9,736,364
Jun 1995
18,590,228
Dec 2018
MXN MillionQuarterly1993 - 2020
GDP From Agriculture
582,571.56
Mar 2020
702,283.41
Dec 2019
326,544.91
Sep 1994
702,283.41
Dec 2019
MXN MillionQuarterly1993 - 2020
GDP From Construction
1,184,615
Mar 2020
1,196,216
Dec 2019
616,361
Jun 1995
1,348,285
Dec 2016
MXN MillionQuarterly1993 - 2020
GDP From Manufacturing
2,856,046
Mar 2020
2,871,215
Dec 2019
1,579,762
Jun 1995
3,005,713
Sep 2019
MXN MillionQuarterly1993 - 2020

GDP Annual Growth Rate across North America

GDP Annual Growth Rate global view
Country
Last
Previous
Min
Max
Unit
Frequency
Range
Canada
-0.9
Mar 2020
1.5
Dec 2019
-4.1
Dec 1982
9.3
Mar 1962
%Quarterly1962 - 2020
Mexico
-1.4
Mar 2020
-0.7
Dec 2019
-9.1
Jun 1995
9
Dec 1996
%Quarterly1994 - 2020
Puerto Rico
1.5
Dec 2019
-4.3
Dec 2018
-4.3
Dec 2018
13.8
Dec 1971
%Yearly1961 - 2019
United States
0.3
Mar 2020
2.3
Dec 2019
-3.9
Jun 2009
13.4
Dec 1950
%Quarterly1948 - 2020

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