The labor participation rate among the total population aged between 15 and 64 in Mexico saw no significant changes in 2024 in comparison to the previous year 2023 and remained at around 66.13 percent. Nevertheless, 2024 still represents a peak in the labor participation rate in Mexico. The labor force participation rate is the share of people aged 15 and over who are economically active (i.e. employed or actively searching for work). It is calculated by dividing the economically active population aged 15 and over by the total population aged 15 and over.Find more statistics on other topics about Mexico with key insights such as employment level in services as a share of total employment.

In 2022, tax revenues generated by Mexico accounted for 16.9 percent of the country's GDP, down from 17.3 percent reported in the previous year. Mexico is among the states with the lowest shares of tax revenue in GDP in Latin America.

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 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 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 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 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.

Monthly GDP MoM in Mexico decreased to -0.40 percent in March from 1 percent in February of 2025. This dataset includes a chart with historical data for Mexico Economic Activity MoM.

GDP from Transport in Mexico decreased to 1823590 MXN Million in the first quarter of 2025 from 1890306 MXN Million in the fourth quarter of 2024. This dataset provides the latest reported value for - Mexico Gdp From Transport - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Key information about Mexico Private Consumption: % of GDP

• Mexico Private Consumption accounted for 70.9 % of its Nominal GDP in Sep 2024, compared with a ratio of 69.7 % in the previous quarter.
• Mexico Private Consumption contribution to Nominal GDP ratio is updated quarterly, available from Mar 1993 to Sep 2024, with an average share of 69.4 %.
• The data reached an all-time high of 72.4 % in Dec 2003 and a record low of 65.5 % in Sep 2020.

CEIC calculates Private Consumption as % of Nominal GDP from quarterly Private Consumption Expenditure and quarterly de-annualized Nominal GDP. The National Institute of Statistics and Geography provides Private Consumption Expenditure in local currency and annualized Nominal GDP in local currency.


Related information about Mexico Private Consumption: % of GDP

• In the latest reports, Mexico GDP expanded 3.7 % YoY in Mar 2023.
• Its Nominal GDP reached 397.5 USD bn in Mar 2023.
• Mexico GDP Per Capita reached 10,934.9 USD in Dec 2022.
• Its Gross Savings Rate was measured at 18.0 % in Sep 2024.

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.

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.

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.

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

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.

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.

GDP from Agriculture in Mexico decreased to 787225.70 MXN Million in the first quarter of 2025 from 907661.66 MXN Million in the fourth quarter of 2024. This dataset provides the latest reported value for - Mexico Gdp From Agriculture - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Mexico: Value added in the agricultural sector as percent of GDP: The latest value from 2023 is 3.82 percent, a decline from 3.91 percent in 2022. In comparison, the world average is 9.91 percent, based on data from 166 countries. Historically, the average for Mexico from 1965 to 2023 is 6.06 percent. The minimum value, 2.94 percent, was reached in 2006 while the maximum of 13.15 percent was recorded in 1965.

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

This statistic shows the distribution of the gross domestic product (GDP) across economic sectors in Mexico from 2013 to 2023. In 2023, agriculture contributed around 3.82 percent to the GDP of Mexico, 31.56 percent came from the industry and 58.65 percent from the service sector. For further information, see Mexico's GDP.