The Gross Domestic Product (GDP) in Mexico expanded 0.20 percent in the first quarter of 2025 over the previous quarter. This dataset provides - Mexico GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The statistic depicts Mexico's gross domestic product (GDP) per capita from 1987 to 2020, with projections up until 2030. The GDP refers to the total market value of all goods and services that are produced within a country per year. It is an important indicator for the economic strength of a country. In 2020, Mexico's GDP per capita amounted to approximately 8,744.03 U.S. dollars. For further information, see Mexico's GDP. Economy of Mexico Mexico is the third largest economy in North America and is swiftly becoming a modernized nation with more industrial and service sectors to maintain and promote economic growth nationwide. Mexico is primarily an export-oriented economy and has seen constant growth in regards to the export of goods every year over the past decade, with the exception of 2009. Mexico is also considered to be one of the premier exporters in the world, exporting more goods and services than other export-prominent countries such as Saudi Arabia and India. Like many other industrial countries worldwide, Mexico experienced an economic downturn during the global financial crisis. Several indicators of Mexico’s economic slump would be a spike in unemployment as well as a significant drop in GDP in 2009. Additionally, inflation rates slightly increased over the course of 2 years. However, Mexico’s economy evidently recovered, in particular with its inflation rate, which reached a decade low, as well as its gross domestic product per capita, which attained decade high values, both in 2014.

The Gross Domestic Product (GDP) in Mexico expanded 0.80 percent in the first quarter of 2025 over the same quarter of the previous year. This dataset provides - Mexico GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Mexico gdp growth rate for 2023 was 3.20%, a 0.49% decline from 2022.

<ul style='margin-top:20px;'>

<li>Mexico gdp growth rate for 2022 was <strong>3.69%</strong>, a <strong>2.36% decline</strong> from 2021.</li>
<li>Mexico gdp growth rate for 2021 was <strong>6.05%</strong>, a <strong>14.4% increase</strong> from 2020.</li>
<li>Mexico gdp growth rate for 2020 was <strong>-8.35%</strong>, a <strong>7.96% decline</strong> from 2019.</li>
</ul>Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.

As of August 2024, Mexico's Secretariat of Finance and Public Credit (SHCP in its acronym in Spanish) forecasted that the Mexican economy would grow by three percent in 2025. This was the most optimistic forecast produced among all the agencies shown in this graph.

Economic growth, quarterly in Mexico, March, 2025 The most recent value is 0.2 percent as of Q1 2025, an increase compared to the previous value of -0.66 percent. Historically, the average for Mexico from Q2 1960 to Q1 2025 is 0.86 percent. The minimum of -18.93 percent was recorded in Q2 2020, while the maximum of 15.47 percent was reached in Q3 2020. | TheGlobalEconomy.com

Key information about Mexico Real GDP Growth

• The Gross Domestic Product (GDP) in Mexico expanded 3.7 % YoY in Dec 2022, following a growth of 4.4 % in the previous quarter.
• Real GDP Growth YoY data in Mexico is updated quarterly, available from Mar 1981 to Dec 2022, with an average rate of 2.7 %.
• The data reached an all-time high of 19.3 % in Jun 2021 and a record low of -18.8 % in Jun 2020.

• In the latest reports, Nominal GDP of Mexico reached 372.0 USD bn in Dec 2022.
• Its GDP deflator (implicit price deflator) increased 6.5 % in Dec 2022.
• GDP Per Capita in Mexico reached 10,927.3 USD in Dec 2022.
• Its Gross Savings Rate was measured at 20.0 % in Sep 2022.
• For Nominal GDP contributions, Investment accounted for 21.9 % in Sep 2022.
• Public Consumption accounted for 11.3 % in Sep 2022.
• Private Consumption accounted for 68.7 % in Sep 2022.

Key information about Mexico Nominal GDP Growth

• Mexico Nominal GDP Growth was reported at 6.870 % in Sep 2024.
• This records an increase from the previous number of 6.215 % for Jun 2024.
• Mexico Nominal GDP Growth data is updated quarterly, averaging 8.219 % from Mar 1994 to Sep 2024, with 123 observations.
• The data reached an all-time high of 40.870 % in Mar 1996 and a record low of -17.126 % in Jun 2020.
• Mexico Nominal GDP Growth data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Nominal GDP: Y-o-Y Growth: Quarterly: Seasonally Adjusted.

The Gross Domestic Product (GDP) in Mexico was worth 1789.11 billion US dollars in 2023, according to official data from the World Bank. The GDP value of Mexico represents 1.70 percent of the world economy. This dataset provides - Mexico GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Mexico: Economic growth forecast: The latest value from 2030 is 2.1 percent, a decline from 2.18 percent in 2029. In comparison, the world average is 3.25 percent, based on data from 182 countries. Historically, the average for Mexico from 1980 to 2030 is 2.18 percent. The minimum value, -8.35 percent, was reached in 2020 while the maximum of 9.59 percent was recorded in 1981.

Mexico MX: GDP: Growth: Imports of Goods and Services data was reported at 6.468 % in 2017. This records an increase from the previous number of 2.924 % for 2016. Mexico MX: GDP: Growth: Imports of Goods and Services data is updated yearly, averaging 6.468 % from Dec 1961 (Median) to 2017, with 57 observations. The data reached an all-time high of 37.184 % in 1980 and a record low of -37.852 % in 1982. Mexico MX: GDP: Growth: Imports of Goods and Services data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Mexico – Table MX.World Bank.WDI: Gross Domestic Product: Annual Growth Rate. Annual growth rate of imports of goods and services based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Imports of goods and services represent the value of all goods and other market services received from the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

The Gross Domestic Product per capita in Mexico was last recorded at 10241.89 US dollars in 2023. The GDP per Capita in Mexico is equivalent to 81 percent of the world's average. This dataset provides - Mexico GDP per capita - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The latest data from show economic growth of 0.57 percent, which is an increase from the rate of growth of 0.41 percent in the previous quarter and
a decrease compared to the growth rate of 1.78 percent in the same quarter last year. The economic growth time series for Mexico cover the period...

It was estimated that the gross domestic product (GDP) of Mexico would experience a percentage change of 2.01 and 1.94 in January and February 2025.

Mexico GDP for 2023 was 1.789 trillion US dollars, a 22.18% increase from 2022.

<ul style='margin-top:20px;'>

<li>Mexico GDP for 2022 was <strong>1.464 trillion US dollars</strong>, a <strong>11.22% increase</strong> from 2021.</li>
<li>Mexico GDP for 2021 was <strong>1.317 trillion US dollars</strong>, a <strong>17.44% increase</strong> from 2020.</li>
<li>Mexico GDP for 2020 was <strong>1.121 trillion US dollars</strong>, a <strong>14.04% decline</strong> from 2019.</li>
</ul>GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.

Contains data from the World Bank's data portal. There is also a consolidated country dataset on HDX.

Economic growth is central to economic development. When national income grows, real people benefit. While there is no known formula for stimulating economic growth, data can help policy-makers better understand their countries' economic situations and guide any work toward improvement. Data here covers measures of economic growth, such as gross domestic product (GDP) and gross national income (GNI). It also includes indicators representing factors known to be relevant to economic growth, such as capital stock, employment, investment, savings, consumption, government spending, imports, and exports.

Mexico MX: GDP: Growth: Adjusted Net National Income per Capita data was reported at 0.797 % in 2017. This records a decrease from the previous number of 0.993 % for 2016. Mexico MX: GDP: Growth: Adjusted Net National Income per Capita data is updated yearly, averaging 2.389 % from Dec 1971 (Median) to 2017, with 47 observations. The data reached an all-time high of 12.651 % in 1980 and a record low of -13.608 % in 1983. Mexico MX: GDP: Growth: Adjusted Net National Income per Capita data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Mexico – Table MX.World Bank.WDI: Gross Domestic Product: Annual Growth Rate. Adjusted net national income is GNI minus consumption of fixed capital and natural resources depletion.; ; World Bank staff estimates based on sources and methods in World Bank's 'The Changing Wealth of Nations: Measuring Sustainable Development in the New Millennium' (2011).; Weighted average;

GDP per capita growth (annual %) in Mexico was reported at 2.3038 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Mexico - GDP per capita growth (annual %) - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

Mexico MX: GDP: Growth: GNI per Capita data was reported at 0.959 % in 2017. This records a decrease from the previous number of 1.456 % for 2016. Mexico MX: GDP: Growth: GNI per Capita data is updated yearly, averaging 1.810 % from Dec 1961 (Median) to 2017, with 57 observations. The data reached an all-time high of 8.036 % in 1964 and a record low of -9.244 % in 1995. Mexico MX: GDP: Growth: GNI per Capita data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Mexico – Table MX.World Bank.WDI: Gross Domestic Product: Annual Growth Rate. Annual percentage growth rate of GNI per capita based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. GNI per capita is gross national income divided by midyear population. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

In Mexico City, during the time frame displayed, there has been an overall decrease in the economic development. Having its lowest peak in the 2nd quarter of 2020 with -20.3 percent and its highest peak in the 2nd quarter of 2021 with 22.5 percent.