The Gross Domestic Product (GDP) in Mexico was worth 1852.72 billion US dollars in 2024, according to official data from the World Bank. The GDP value of Mexico represents 1.75 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 contracted 0.30 percent in the third 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 **** and **** in January and February 2025.

The Gross Domestic Product per capita in Mexico was last recorded at 10313.49 US dollars in 2024. The GDP per Capita in Mexico is equivalent to 82 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 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.

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

Key information about Mexico Nominal GDP Growth

• Mexico Nominal GDP Growth was reported at 4.042 % in Sep 2025.
• This records a decrease from the previous number of 6.477 % for Jun 2025.
• Mexico Nominal GDP Growth data is updated quarterly, averaging 3.038 % from Mar 1994 to Sep 2025, with 127 observations.
• The data reached an all-time high of 40.866 % in Mar 1996 and a record low of -17.132 % 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 Real GDP Growth

• The Gross Domestic Product (GDP) in Mexico contracted 0.2 % YoY in Sep 2025, following a growth of 1.0 % in the previous quarter.
• Real GDP Growth YoY data in Mexico is updated quarterly, available from Mar 1981 to Sep 2025, with an average rate of 0.0 %.

The National Institute of Statistics and Geography provides quarterly Real GDP Growth at 2018 prices.


Related information about Mexico Real GDP Growth

• In the latest reports, Nominal GDP of Mexico reached 473.6 USD bn in Sep 2025.
• Its GDP deflator (implicit price deflator) increased 4.2 % in Sep 2025.
• GDP Per Capita in Mexico reached 13,923.0 USD in Dec 2024.
• Its Gross Savings Rate was measured at 18.6 % in Jun 2025.
• For Nominal GDP contributions, Investment accounted for 22.9 % in Jun 2025.
• Public Consumption accounted for 11.5 % in Jun 2025.
• Private Consumption accounted for 69.8 % in Jun 2025.

Key information about Mexico Tax revenue: % of GDP

• Mexico Tax revenue: % of GDP was reported at 13.6 % in Sep 2024.
• This records a decrease from the previous number of 15.1 % for Jun 2024.
• Mexico Tax revenue: % of GDP data is updated quarterly, averaging 8.9 % from Mar 1993 to Sep 2024, with 127 observations.
• The data reached an all-time high of 16.0 % in Mar 2022 and a record low of 6.5 % in Sep 2008.
• Mexico Tax revenue: % of GDP 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: Tax Revenue: % of Nominal GDP: Quarterly.

CEIC calculates quarterly Tax Revenue as % of Nominal GDP from monthly Tax Revenue and quarterly de-annualized Nominal GDP. The Secretary of Finance and Public Credit provides Tax Revenue in local currency. The National Institute of Statistics and Geography provides Nominal GDP in local currency. Tax Revenue covers Non Petroleum Tax only.

Graph and download economic data for Gross Domestic Product: All Industry Total in New Mexico (NMNGSP) from 1997 to 2024 about NM, GSP, industry, GDP, and USA.

Key information about Mexico Nominal GDP

• Mexico Nominal GDP reached 473.6 USD bn in Sep 2025, compared with 451.1 USD bn in the previous quarter.
• Nominal GDP in Mexico is updated quarterly, available from Mar 1993 to Sep 2025, with an average number of 233.8 USD bn.
• The data reached an all-time high of 481.9 USD bn in Mar 2024 and a record low of 88.1 USD bn in Mar 1995.

CEIC converts quarterly de-annualised Nominal GDP into USD. The National Institute of Statistics and Geography provides annualised Nominal GDP in local currency. Federal Reserve Board average market exchange rate is used for currency conversions.


Related information about Mexico Nominal GDP

• In the latest reports, Mexico GDP contracted 0.2 % YoY in Sep 2025.
• Its GDP deflator (implicit price deflator) increased 4.2 % in Sep 2025.
• Mexico GDP Per Capita reached 13,923.0 USD in Dec 2024.
• Its Gross Savings Rate was measured at 18.6 % in Jun 2025.
• For Nominal GDP contributions, Investment accounted for 22.9 % in Jun 2025.
• Public Consumption accounted for 11.5 % in Jun 2025.
• Private Consumption accounted for 69.8 % in Jun 2025.

Key information about Mexico Private Consumption: % of GDP

• Mexico Private Consumption accounted for 69.8 % of its Nominal GDP in Jun 2025, compared with a ratio of 69.6 % in the previous quarter.
• Mexico Private Consumption contribution to Nominal GDP ratio is updated quarterly, available from Mar 1993 to Jun 2025, with an average share of 70.0 %.
• 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 contracted 0.2 % YoY in Sep 2025.
• Its Nominal GDP reached 473.6 USD bn in Sep 2025.
• Mexico GDP Per Capita reached 13,923.0 USD in Dec 2024.
• Its Gross Savings Rate was measured at 18.6 % in Jun 2025.

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).

Full Year GDP Growth in Mexico decreased to 1.50 percent in 2024 from 3.30 percent in 2023. This dataset includes a chart with historical data for Mexico Full Year Gdp Growth.

Key information about Mexico GDP Deflator Growth

• Mexico GDP deflator (implicit price deflator) increased 4.2 % in Sep 2025, compared with an increase of 5.3 % in the previous quarter.
• Mexico GDP Deflator Growth data is updated quarterly, available from Mar 1981 to Sep 2025, with an average rate of 3.6 %.
• The data reached an all-time high of 158.8 % in Dec 1987 and a record low of 1.1 % in Jun 2013.

CEIC calculates annual GDP Deflator Growth from quarterly GDP Deflator. The National Institute of Statistics and Geography provides GDP Deflator based on SNA 2008, at 2018 prices. GDP Deflator Growth prior to 1994 based on SNA 1993, at 1993 prices.


Related information about Mexico GDP Deflator Growth

• In the latest reports, Mexico GDP contracted 0.2 % YoY in Sep 2025.
• Its Nominal GDP reached 473.6 USD bn in Sep 2025.
• Mexico GDP Per Capita reached 13,923.0 USD in Dec 2024.
• Its Gross Savings Rate was measured at 18.6 % in Jun 2025.

Mexico: GDP per capita, current U.S. dollars: The latest value from 2024 is 14157.94 U.S. dollars, an increase from 13826.13 U.S. dollars in 2023. In comparison, the world average is 19439.19 U.S. dollars, based on data from 176 countries. Historically, the average for Mexico from 1960 to 2024 is 5237.26 U.S. dollars. The minimum value, 355.08 U.S. dollars, was reached in 1960 while the maximum of 14157.94 U.S. dollars was recorded in 2024.

GDP from Services in Mexico increased to 15391570 MXN Million in the third quarter of 2025 from 15356787 MXN Million in the second quarter of 2025. 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.

Monthly and long-term Mexico GDP Per Capita data: historical series and analyst forecasts curated by FocusEconomics.

Key information about Mexico Public Consumption: % of GDP

• Mexico Public Consumption accounted for 11.5 % of its Nominal GDP in Jun 2025, compared with a share of 11.4 % in the previous quarter.
• Mexico Public Consumption share of Nominal GDP ratio is updated quarterly, available from Mar 1993 to Jun 2025, with an average number of 11.3 %.
• The data reached an all-time high of 13.9 % in Jun 2020 and a record low of 7.5 % in Jun 1996.

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


Related information about Mexico Public Consumption: % of GDP

• In the latest reports, Mexico GDP contracted 0.2 % YoY in Sep 2025.
• Mexico Nominal GDP reached 473.6 USD bn in Sep 2025.
• Its GDP deflator (implicit price deflator) increased 4.2 % in Sep 2025.
• Mexico GDP Per Capita reached 13,923.0 USD in Dec 2024.
• Its Gross Savings Rate was measured at 18.6 % in Jun 2025.
• For Nominal GDP contributions, Investment accounted for 22.9 % in Jun 2025.
• Private Consumption accounted for 69.8 % in Jun 2025.