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.

The statistic shows Mexico’s GDP from 1987 to 2024, with projections up until 2030. In 2024, Mexico’s GDP amounted to approximately 1.85 trillion U.S. dollars.Economy of MexicoGDP is an indicator primarily used to gauge the state and health of a national economy. GDP is the total market value of all final goods and services that have been produced within national borders in a given period of time, usually a year. GDP gives us an insight into a country’s economic development over a period of time, how its development fits in with international shifts and how it is affected by the factors that affect market economies.The demand among some segments of the Chinese workforce for fairer payment, coupled with higher transportations costs, have been key factors in increasing the competitiveness of Mexican manufacturing, with some suggestions being made that it is already cheaper than China for the many industries that serve the lucrative United States market. The Mexican economy is, however, far from trouble-free. And although the gross domestic product in Mexico has been increasing, it is showing that it is struggling to match up to the fast pace of growth and prosperity being seen in some of the BRIC countries, as well as the usual suspects of economic success, the United States, Canada and others.Inequality in Mexico remains a huge problem. The education system in the federation’s thirty-one states is in dire need of reform, and in some of the states, especially in those closest to the US border, brutal criminal drug lords'rule. It is important for Mexicans that they embrace the opportunity that they find themselves presented with at present and harness the energy of their large population , the newly arrived foreigners and their educated youth, in order to provide the country with the future prosperity that it most desperately needs.

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.

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.

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.

The gross domestic product (GDP) of Mexico amounted to approximately 25.27 trillion Mexican pesos in the second quarter of 2024. This represented the highest value since the first quarter of 2020, right before the outbreak of the COVID-19 pandemic, based on constant, seasonally adjusted prices (taking 2018 values as reference).

Graph and download economic data for Nominal Gross Domestic Product for Mexico (NGDPSAXDCMXQ) from Q1 1993 to Q4 2024 about Mexico and GDP.

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.

As a result of the COVID-19 pandemic, Mexico's gross domestic product (GDP) decreased the most in 2020 in comparison to 2019. As of the first quarter of 2024 the GDP has increased steadily reaching an organic growth, for this the industry that got the most benefited from was construction, which showed an increase of 13.2 percent that period. Moreover, the worst hit industry was mining, which showed a decrease of 2.7 percent.

The gross domestic product (GDP) by fiscal year in Mexico was about 1.99 trillion U.S. dollars in 2024. Between 1980 and 2024, the GDP rose by approximately 1.99 trillion U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. The GDP will steadily rise by around 772.75 billion U.S. dollars over the period from 2024 to 2030, reflecting a clear upward trend.

Graph and download economic data for Real Gross Domestic Product for Mexico (NGDPRSAXDCMXQ) from Q1 1993 to Q1 2025 about Mexico, real, and GDP.

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.

GDP, billion currency units in Mexico, December, 2024 The most recent value is 8658.74 billion Mexican Peso as of Q4 2024, an increase compared to the previous value of 8594.83 billion Mexican Peso. Historically, the average for Mexico from Q1 1993 to Q4 2024 is 3607.33 billion Mexican Peso. The minimum of 398.77 billion Mexican Peso was recorded in Q1 1993, while the maximum of 8658.74 billion Mexican Peso was reached in Q4 2024. | TheGlobalEconomy.com

GDP from Services in Mexico decreased to 14912557.33 MXN Million in the first quarter of 2025 from 15577237.99 MXN Million in the fourth quarter of 2024. This dataset provides the latest reported value for - Mexico Gdp From Services - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus 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.

The gross domestic product (GDP) per capita (in PPP dollars) in Mexico was estimated at about 22.06 thousand international dollars in 2024. From 1980 to 2024, the GDP per capita rose by approximately 4.34 thousand international dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. Between 2024 and 2030, the GDP per capita will rise by around 1.22 thousand international dollars, showing an overall upward trend with periodic ups and downs.

This dataset contains quarterly GDP data for Mexico from 1993 to 2024, categorized by industry. The data is available in multiple formats:Mexican Pesos (MXN): Current prices and constant 2018 pricesUS Dollars (USD): Current prices and constant 2018 pricesThe GDP figures were sourced from INEGI (Instituto Nacional de Estadística y Geografía):INEGI GDP DataThe exchange rate used for USD conversion is the FIX rate from Banxico (Bank of Mexico):Banxico Exchange Rate DataThe USD figures align closely with World Bank estimates (99.6% to 99.9% accuracy), with minor discrepancies due to the use of revised data in recent years.Additional Files:Python Script: Generates industry-specific GDP charts.Chart Example: The attached image illustrates the evolution of Mexico’s oil and gas extraction GDP from 2005 to 2024.Requirements.txt: Lists the dependencies needed to run the Python script.The dataset covers over 150 industries, making it a valuable resource for economic analysis, forecasting, and industry-specific studies.

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.

CEIC calculates quarterly Nominal GDP Growth from quarterly de-annualized Nominal GDP. The National Institute of Statistics and Geography provides annualized Nominal GDP in local currency.

Key information about Mexico Total Trade of Goods and Services: % of Nominal GDP

• Mexico Total Trade of Goods & Services: % of Nominal GDP recorded 77.152 % in Sep 2024, compared with 70.939 % in the previous quarter.
• Mexico Total Trade of Goods & Services: % of Nominal GDP data is updated quarterly, available from Mar 1993 to Sep 2024, with an averaged value of 55.954 %.
• The data reached an all-time high of 93.323 % in Sep 2022 and a record low of 25.472 % in Sep 1993.

CEIC calculates quarterly Total Trade of Goods and Services as % of Nominal GDP from quarterly Total Trade of Goods and Services and quarterly Nominal GDP. The National Institute of Statistics and Geography provides Total Trade of Goods and Services in local currency and Nominal GDP in local currency.

GDP (current US$) in Mexico was reported at 1789114434843 USD in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Mexico - GDP - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.