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 real gross domestic product (GDP) growth rate from 2020 to 2024, with projections up until 2030. 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 of the economic strength of a country. Real GDP is adjusted for price changes and is therefore regarded as a key indicator for economic growth. In 2024, Mexico's real GDP grew by about 1.45 percent compared to the previous year. Mexico's economy Mexico, having not been dramatically affected by the 2002 South American crisis, has one of the strongest economies in the Americas behind the United States and Canada. By improving its macroeconomic rules and regulations, Mexico improved on many aspects of its economy, most notably inflation. Several goals that the government wanted accomplish were the improvement of infrastructure around the country as well as newer tax laws that would allow for higher income equality. Mexico is generally an export-oriented country, with the majority of export goods consisting of electronics, automobiles and agricultural goods. Exports over the past decade have seen continuous growth, with the exception of 2009. This increase in exports is largely due to an increasing number of free trade agreements with international countries, which essentially eliminate tariffs between member countries. However, Mexico imports more than they export, having recorded an annual trade deficit over the past decade. While most economics label this as a negative aspect, other economics believe that trade deficits are associated with positive economic developments.

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.

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 **** and **** in January and February 2025.

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.

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.

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

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;

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.

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...

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.

Graph and download economic data for Population Growth for Mexico (SPPOPGROWMEX) from 1961 to 2024 about Mexico, population, and rate.

Mexico population growth rate for 2023 was 0.74%, a 0.11% increase from 2022.

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

<li>Mexico population growth rate for 2022 was <strong>0.63%</strong>, a <strong>0.07% increase</strong> from 2021.</li>
<li>Mexico population growth rate for 2021 was <strong>0.56%</strong>, a <strong>0.17% decline</strong> from 2020.</li>
<li>Mexico population growth rate for 2020 was <strong>0.73%</strong>, a <strong>0.13% decline</strong> from 2019.</li>
</ul>Annual population growth rate for year t is the exponential rate of growth of midyear population from year t-1 to t, expressed as a percentage . Population is based on the de facto definition of population, which counts all residents regardless of legal status or citizenship.

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.

Key information about Mexico Total Exports

• Mexico Total Exports expanded 5.9 % YoY in Jan 2025, compared with an increase of 2.1 % YoY in the previous month
• Mexico Total Exports Growth data is updated monthly, available from Jan 1994 to Jan 2025, with an averaged rate of 8.1 %
• The data reached an all-time high of 123.8 % in May 2021 and a record low of -53.4 % in May 2020

• In the latest reports, Mexico Total Exports recorded 51.9 USD bn in Jan 2025
• Total Imports recorded 52.3 USD bn in Jan 2025, which registered an increase of 6.5 % year on year
• Mexico Trade Balance recorded a deficit of 423.4 USD mn in Jan 2025

Key information about Mexico M2 Growth

• Mexico Money Supply M2 increased 12.1 % YoY in Jan 2025, compared with a growth of 14.4 % in the previous month
• Mexico Money Supply M2 growth data is updated monthly, available from Dec 1986 to Jan 2025
• The data reached an all-time high of 162.5 % in Sep 1987 and a record low of 1.3 % in Apr 2010

• In the latest reports, Mexico Foreign Exchange Reserves was measured at 203.2 USD bn in Dec 2024
• The Foreign Exchange Reserves equaled 4.1 Months of Import in Dec 2024
• Mexico Domestic Credit reached 732.4 USD bn in Dec 2024, representing an increased of 14.8 % YoY
• The country's Non Performing Loans Ratio stood at 1.9 % in Dec 2024, compared with the ratio of 2.0 % in the previous quarter
• Household Debt of Mexico reached 280.8 USD bn in Sep 2024, accounting for 16.5 % of the country's Nominal GDP

In 2024, the growth of the real gross domestic product (GDP) in Mexico stood at about 1.45 percent. Between 1980 and 2024, the figure dropped by approximately 8.03 percentage points, though the decline followed an uneven course rather than a steady trajectory. From 2024 to 2030, the growth will rise by around 0.65 percentage points, showing an overall upward trend with periodic ups and downs.This indicator describes the annual change in the gross domestic product at constant prices, expressed in national currency units. Here the gross domestic product represents the total value of the final goods and services produced during a year.

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.