Mexico GDP Growth Rate

Last Release

Mar 31, 2025

Actual

0.2

Units In

-0.6

Frequency

Quarterly

Next Release

May 22, 2025

Time to Release

20 Days 23 Hours

Highest	Lowest	Average	Date Range	Source
13.8 Sep 2020	-17.8 Jun 2020	0.53 %	1993-2025	N/A

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 GDP grew by 0.2% quarter-on-quarter in the first quarter of 2025, rebounding from a 0.6% contraction in the previous quarter and beating market expectations of no growth. Preliminary estimates showed the output from primary activities rose by 8.1%, while the industrial GDP decreased by 0.3% and the services output held steady. On a yearly basis, Mexico's economy grew by 0.6%. While the modest quarter-over-quarter growth was enough to keep Mexico from slipping into a technical recession, it does little to shift the broader picture of economic fragility. The outlook remains clouded by elevated domestic uncertainty, restrictive financial conditions, and continued exposure to fallout from the U.S. trade war.