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Mexico GDP Annual Growth Rate

Mexico's GDP annual growth rate fell to 1.45% in 2024, down from 3.3% in 2023, according to World Bank. This represents a decrease of 1.85% from the previous year. Mexico has GDP annual growth rate lower than the global median (1.45% vs median 3.24%). Compared with the median in Americas, Mexico is lower (1.45% vs regional median 3.27%) and ranks 35th out of 44 countries in Americas.

Mexico's real GDP rose to $1.35 trillion in 2024, up from $1.33 trillion in 2023.

Yearly Historical Data (1961-2024)

(in %)
Year GDP Annual Growth Rate (%)
2024 1.45%
2023 3.3%
2022 3.71%
2021 6.05%
2020 -8.35%
2019 -0.39%
2018 1.97%
2017 1.87%
2016 1.77%
2015 2.7%
2014 2.5%
2013 0.85%
2012 3.55%
2011 3.44%
2010 4.97%
2009 -6.3%
2008 0.94%
2007 2.08%
2006 4.81%
2005 2.11%
2004 3.57%
2003 1.19%
2002 -0.24%
2001 -0.45%
2000 5.03%
1999 2.76%
1998 6.19%
1997 7.2%
1996 6.22%
1995 -5.91%
1994 4.39%
1993 2.87%
1992 3.57%
1991 3.98%
1990 5.25%
1989 3.63%
1988 1.22%
1987 2.06%
1986 -3.93%
1985 1.92%
1984 3.51%
1983 -4.62%
1982 -0.05%
1981 9.59%
1980 8.76%
1979 9.7%
1978 8.96%
1977 3.39%
1976 4.42%
1975 5.74%
1974 5.78%
1973 7.86%
1972 8.23%
1971 3.76%
1970 6.5%
1969 3.42%
1968 9.42%
1967 5.85%
1966 6.1%
1965 7.1%
1964 11.91%
1963 8.11%
1962 4.66%
1961 5%
Mexico GDP Annual Growth Rate : Definition
GDP Annual Growth Rate measures the yearly percentage change in Mexico's total economic output.
Indicator Last Value Prior Value Period
GDP $1.85T $1.79T 2024
GDP Growth Rate (QoQ) 0.6% 0.2% Jun'25
GDP Growth Rate (YoY) 0% 0.8% Jun'25
GDP per Capita $10,313.49 $10,253.53 2024
GDP per Capita PPP $22,033.27 $21,905.18 2024
R&D Expenditure (% GDP) 0.27% 0.26% 2023
Real GDP $1.35T $1.33T 2024