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.

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.

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 **** percent that period. Moreover, the worst hit industry was mining, which showed a decrease of *** percent.

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.

Mexico MX: GDP: % of GDP: Gross Value Added: Industry data was reported at 30.037 % in 2017. This records an increase from the previous number of 29.440 % for 2016. Mexico MX: GDP: % of GDP: Gross Value Added: Industry data is updated yearly, averaging 30.605 % from Dec 1965 (Median) to 2017, with 53 observations. The data reached an all-time high of 34.756 % in 2008 and a record low of 25.650 % in 1965. Mexico MX: GDP: % of GDP: Gross Value Added: Industry 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: Share of GDP. Industry corresponds to ISIC divisions 10-45 and includes manufacturing (ISIC divisions 15-37). It comprises value added in mining, manufacturing (also reported as a separate subgroup), construction, electricity, water, and gas. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3 or 4.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average; Note: Data for OECD countries are based on ISIC, revision 4.

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 MX: GDP: % of GDP: Gross Value Added: Agriculture data was reported at 3.417 % in 2017. This records an increase from the previous number of 3.350 % for 2016. Mexico MX: GDP: % of GDP: Gross Value Added: Agriculture data is updated yearly, averaging 5.935 % from Dec 1965 (Median) to 2017, with 53 observations. The data reached an all-time high of 13.149 % in 1965 and a record low of 3.073 % in 2005. Mexico MX: GDP: % of GDP: Gross Value Added: Agriculture 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: Share of GDP. Agriculture corresponds to ISIC divisions 1-5 and includes forestry, hunting, and fishing, as well as cultivation of crops and livestock production. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3 or 4.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average; Note: Data for OECD countries are based on ISIC, revision 4.

The share of value added by the manufacturing industry to the gross domestic product in Mexico amounted to ***** percent in 2023. Between 1965 and 2023, the share rose by **** percentage points, though the increase followed an uneven trajectory rather than a consistent upward trend.

Mexico MX: GDP: Growth: Gross Value Added: Industry: Manufacturing data was reported at 2.899 % in 2017. This records an increase from the previous number of 1.497 % for 2016. Mexico MX: GDP: Growth: Gross Value Added: Industry: Manufacturing data is updated yearly, averaging 3.963 % from Dec 1966 (Median) to 2017, with 52 observations. The data reached an all-time high of 10.218 % in 1979 and a record low of -10.134 % in 2009. Mexico MX: GDP: Growth: Gross Value Added: Industry: Manufacturing 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 for manufacturing value added based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Manufacturing refers to industries belonging to ISIC divisions 15-37. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average; Note: Data for OECD countries are based on ISIC, revision 4.

Mexico MX: GDP: % of GDP: Gross Value Added: Industry: Manufacturing data was reported at 17.243 % in 2017. This records an increase from the previous number of 16.914 % for 2016. Mexico MX: GDP: % of GDP: Gross Value Added: Industry: Manufacturing data is updated yearly, averaging 18.779 % from Dec 1965 (Median) to 2017, with 53 observations. The data reached an all-time high of 22.102 % in 1988 and a record low of 15.096 % in 2009. Mexico MX: GDP: % of GDP: Gross Value Added: Industry: Manufacturing 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: Share of GDP. Manufacturing refers to industries belonging to ISIC divisions 15-37. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Note: For VAB countries, gross value added at factor cost is used as the denominator.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average; Note: Data for OECD countries are based on ISIC, revision 4.

Mexico MX: GDP: Growth: Gross Value Added: Industry data was reported at -0.641 % in 2017. This records a decrease from the previous number of 0.375 % for 2016. Mexico MX: GDP: Growth: Gross Value Added: Industry data is updated yearly, averaging 3.991 % from Dec 1966 (Median) to 2017, with 52 observations. The data reached an all-time high of 11.821 % in 1996 and a record low of -10.883 % in 1995. Mexico MX: GDP: Growth: Gross Value Added: Industry 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 for industrial value added based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Industry corresponds to ISIC divisions 10-45 and includes manufacturing (ISIC divisions 15-37). It comprises value added in mining, manufacturing (also reported as a separate subgroup), construction, electricity, water, and gas. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average; Note: Data for OECD countries are based on ISIC, revision 4.

The value added by the services industry to the gross domestic product in Mexico saw no significant changes in 2023 in comparison to the previous year 2022 and remained at around 22,299.22 U.S. dollars per worker. But still, the value added reached its lowest value of the observation period in 2023. Value added per worker is a widely used method to measure labor productivity. It is calculated by dividing value added of a sector by the number of employed in the sector. Value added means the value of the gross output of producers less the value of intermediate goods and services consumer in production.Find more statistics on other topics about Mexico with key insights such as value added by the services industry to the gross domestic product, share of value added by the manufacturing industry to the gross domestic product, value added by the agriculture, forestry, and fishing sector to the gross domestic product.

Mexico MX: GDP: Real: Gross Value Added at Factor Cost: Industry: Manufacturing data was reported at 2,883,575.463 MXN mn in 2017. This records an increase from the previous number of 2,802,341.801 MXN mn for 2016. Mexico MX: GDP: Real: Gross Value Added at Factor Cost: Industry: Manufacturing data is updated yearly, averaging 1,624,690.175 MXN mn from Dec 1965 (Median) to 2017, with 53 observations. The data reached an all-time high of 2,883,575.463 MXN mn in 2017 and a record low of 495,006.224 MXN mn in 1965. Mexico MX: GDP: Real: Gross Value Added at Factor Cost: Industry: Manufacturing 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: Real. Manufacturing refers to industries belonging to ISIC divisions 15-37. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Data are in constant local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ; Note: Data for OECD countries are based on ISIC, revision 4.

Mexico MX: GDP: Gross Value Added at Factor Cost: Industry: Manufacturing data was reported at 3,756,530.923 MXN mn in 2017. This records an increase from the previous number of 3,402,395.524 MXN mn for 2016. Mexico MX: GDP: Gross Value Added at Factor Cost: Industry: Manufacturing data is updated yearly, averaging 178,728.605 MXN mn from Dec 1965 (Median) to 2017, with 53 observations. The data reached an all-time high of 3,756,530.923 MXN mn in 2017 and a record low of 50.918 MXN mn in 1965. Mexico MX: GDP: Gross Value Added at Factor Cost: Industry: Manufacturing 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: Nominal. Manufacturing refers to industries belonging to ISIC divisions 15-37. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Data are in current local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ; Note: Data for OECD countries are based on ISIC, revision 4.

Mexico MX: GDP: Gross Value Added at Factor Cost: Industry data was reported at 6,543,681.778 MXN mn in 2017. This records an increase from the previous number of 5,922,111.215 MXN mn for 2016. Mexico MX: GDP: Gross Value Added at Factor Cost: Industry data is updated yearly, averaging 243,384.524 MXN mn from Dec 1965 (Median) to 2017, with 53 observations. The data reached an all-time high of 6,543,681.778 MXN mn in 2017 and a record low of 70.023 MXN mn in 1965. Mexico MX: GDP: Gross Value Added at Factor Cost: Industry 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: Nominal. Industry corresponds to ISIC divisions 10-45 and includes manufacturing (ISIC divisions 15-37). It comprises value added in mining, manufacturing (also reported as a separate subgroup), construction, electricity, water, and gas. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Data are in current local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ; Note: Data for OECD countries are based on ISIC, revision 4.

Mexico MX: GDP: USD: Gross Value Added at Factor Cost: Industry: Manufacturing data was reported at 198.453 USD bn in 2017. This records an increase from the previous number of 182.296 USD bn for 2016. Mexico MX: GDP: USD: Gross Value Added at Factor Cost: Industry: Manufacturing data is updated yearly, averaging 59.213 USD bn from Dec 1965 (Median) to 2017, with 53 observations. The data reached an all-time high of 209.005 USD bn in 2014 and a record low of 4.073 USD bn in 1965. Mexico MX: GDP: USD: Gross Value Added at Factor Cost: Industry: Manufacturing 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: Nominal. Manufacturing refers to industries belonging to ISIC divisions 15-37. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Data are in current U.S. dollars.; ; World Bank national accounts data, and OECD National Accounts data files.; Gap-filled total; Note: Data for OECD countries are based on ISIC, revision 4.

The value added to gross domestic product by the manufacturing sector in Mexico was 268.03 billion U.S. dollars in 2023. Between 1965 and 2023, the value added rose by 224.04 billion U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend.

Mexico MX: Total Business Enterprise R&D Personnel: Per Thousand Employment In Industry data was reported at 0.899 Per 1000 in 2017. This records a decrease from the previous number of 0.905 Per 1000 for 2016. Mexico MX: Total Business Enterprise R&D Personnel: Per Thousand Employment In Industry data is updated yearly, averaging 0.711 Per 1000 from Dec 1993 (Median) to 2017, with 22 observations. The data reached an all-time high of 1.673 Per 1000 in 2005 and a record low of 0.091 Per 1000 in 1993. Mexico MX: Total Business Enterprise R&D Personnel: Per Thousand Employment In Industry data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Mexico – Table MX.OECD.MSTI: Number of Researchers and Personnel on Research and Development: OECD Member: Annual. In Mexico, beginning with the 2004 data, the Business enterprise survey register was increased to include large firms not previously identified as R&D performers. The first R&D surveys based on the Frascati Manual covered the period 1992-93. Earlier data for R&D performed in the Government sector are based on national estimates and do not exactly correspond to the recommendations of the Frascati Manual.;

Definition of MSTI variables 'Value Added of Industry' and 'Industrial Employment':

R&D data are typically expressed as a percentage of GDP to allow cross-country comparisons. When compiling such indicators for the business enterprise sector, one may wish to exclude, from GDP measures, economic activities for which the Business R&D (BERD) is null or negligible by definition. By doing so, the adjusted denominator (GDP, or Value Added, excluding non-relevant industries) better correspond to the numerator (BERD) with which it is compared to.

The MSTI variable 'Value added in industry' is used to this end:

It is calculated as the total Gross Value Added (GVA) excluding 'real estate activities' (ISIC rev.4 68) where the 'imputed rent of owner-occupied dwellings', specific to the framework of the System of National Accounts, represents a significant share of total GVA and has no R&D counterpart. Moreover, the R&D performed by the community, social and personal services is mainly driven by R&D performers other than businesses.

Consequently, the following service industries are also excluded: ISIC rev.4 84 to 88 and 97 to 98. GVA data are presented at basic prices except for the People's Republic of China, Japan and New Zealand (expressed at producers' prices).In the same way, some indicators on R&D personnel in the business sector are expressed as a percentage of industrial employment. The latter corresponds to total employment excluding ISIC rev.4 68, 84 to 88 and 97 to 98.

The Business Support Services industry in Mexico comprises companies providing wide range of services that support everyday functions of businesses. These services include telemarketing, phone research, debt collection, document preparation and credit analysis. Industry operators cater to clients in the telecommunications, financial, retail and healthcare sectors, as well as various clients from other sectors. The industry has experienced positive trends over the five years to 2019, with revenue anticipated to increase an annualized 1.1% to MXN $37.8 billion. This growth has largely been attributed to the increasing strength of the Mexican economy. For example, the GDP of Mexico is expected to grow at an annualized rate of 2.5% over the five years to 2019. Meanwhile, consumer spending is anticipated to expand an annualized 2.4% during the same period. Industry revenue is largely based on the strength of the economy because, as the economy improves, businesses have more money to invest in industry services. However, while revenue has grown over the past five years, the has been some volatility brought on by fluctuations in private investment. Despite this, industry revenue is expected to increase 2.5% in 2019 alone.

Mexico MX: GDP: Real: Gross Value Added at Factor Cost: Industry data was reported at 5,370,262.014 MXN mn in 2017. This records a decrease from the previous number of 5,404,916.583 MXN mn for 2016. Mexico MX: GDP: Real: Gross Value Added at Factor Cost: Industry data is updated yearly, averaging 3,465,384.444 MXN mn from Dec 1965 (Median) to 2017, with 53 observations. The data reached an all-time high of 5,404,916.583 MXN mn in 2016 and a record low of 1,037,241.509 MXN mn in 1965. Mexico MX: GDP: Real: Gross Value Added at Factor Cost: Industry 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: Real. Industry corresponds to ISIC divisions 10-45 and includes manufacturing (ISIC divisions 15-37). It comprises value added in mining, manufacturing (also reported as a separate subgroup), construction, electricity, water, and gas. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Data are in constant local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ; Note: Data for OECD countries are based on ISIC, revision 4.