The Mexican economic system expanded 4.5% year-on-year within the third quarter of 2021, easing from an upwardly revised 19.9% enhance within the earlier interval as low base results fade, and decrease than the preliminary estimate of 4.6%. The commercial sector grew probably the most (5% vs 5.3% within the preliminary estimate), adopted by companies (4.2% vs 4.1%) and first actions (0.6% vs 0.7%). supply: Instituto Nacional de Estadística y Geografía (INEGI)
GDP Annual Progress Fee in Mexico averaged 2.11 % from 1994 till 2021, reaching an all time excessive of 19.60 % within the second quarter of 2021 and a report low of -18.70 % within the second quarter of 2020. This web page supplies – Mexico GDP Annual Progress Fee – precise values, historic information, forecast, chart, statistics, financial calendar and information. Mexico GDP Annual Progress Fee – information, historic chart, forecasts and calendar of releases – was final up to date on November of 2021.
GDP Annual Progress Fee in Mexico is anticipated to be 3.00 % by the tip of this quarter, in accordance with Buying and selling Economics international macro fashions and analysts expectations. Within the long-term, the Mexico GDP Annual Progress Fee is projected to pattern round 2.70 % in 2022 and a couple of.40 % in 2023, in accordance with our econometric fashions.
Mexico GDP Annual Progress Revised Barely Down in Q3
Mexico Economic system Grows Lower than Anticipated in Q3
Mexico GDP Annual Progress Revised Barely Down in Q2
Mexico GDP Annual Progress Fee
Mexico is the second largest economic system in Latin America. The nation has an export-oriented economic system: greater than 90 % of commerce is underneath free commerce agreements. In Mexico, companies account for 62 % of complete GDP. The most important segments inside companies are: wholesale and retail commerce (16 %); actual property (10 %); transport, warehousing and communications (7 %) and monetary companies and insurance coverage (6 %). Trade constitutes 18 % of output and the most important segments inside this sector are: vehicle business (Four % of complete GDP) and meals business (3.eight %). The remaining share is split by: building, water, gasoline and electrical energy distribution (eight %), mining (5 %), authorities (Four % ) and agriculture, forestry, fishing and looking (Three %).