The Mexican economy advanced 3.1 percent on quarter in the three months to December of 2020, slowing from a 12.1 percent growth in the previous period and beating market estimates of a 2.8 percent rise, a preliminary estimate showed. Industrial activity expanded 3.3 percent, decelerating from a 22 percent growth in the third quarter of the year; and the services sector rose 3 percent, after advancing 8.8 percent in the previous period. In addition, the primary sector contracted 2.6 percent, after expanding 8 percent in the prior period. Year-on-year, the country's economy shrank 4.5 percent, following an 8.6 percent slump in the previous period and compared with market expectations of a 5.5 percent decline. source: Instituto Nacional de Estadística y Geografía (INEGI)
GDP Growth Rate in Mexico averaged 0.52 percent from 1993 until 2020, reaching an all time high of 12.10 percent in the third quarter of 2020 and a record low of -17 percent in the second quarter of 2020. This page provides - Mexico GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Mexico GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on February of 2021.
GDP Growth Rate in Mexico is expected to be 1.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Mexico to stand at 1.10 in 12 months time. In the long-term, the Mexico GDP Growth Rate is projected to trend around 1.10 percent in 2022 and 0.80 percent in 2023, according to our econometric models.