Annual GDP growth (%) in Mexico
Mexico: Annual GDP growth (%) was 1.4% in 2024. ◆ Volatile
Annual GDP growth in Mexico, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
In 2024, annual gdp growth in Mexico stood at 1.4%.
Compared with earlier readings it is down 57.4% on the previous year and down 43.0% over ten years.
Over the whole period, annual gdp growth in Mexico peaked at 6.0% in 2021 and was at its lowest, -8.4%, in 2020.
Mexico ranks 170th of 230 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Annual GDP growth (%) in Mexico, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 5.0% | — |
| 2001 | -0.5% | -109.0% |
| 2002 | -0.2% | -47.5% |
| 2003 | 1.2% | -601.1% |
| 2004 | 3.6% | +200.7% |
| 2005 | 2.1% | -40.7% |
| 2006 | 4.8% | +127.4% |
| 2007 | 2.1% | -56.8% |
| 2008 | 0.9% | -54.6% |
| 2009 | -6.3% | -767.3% |
| 2010 | 5.0% | -179.0% |
| 2011 | 3.4% | -30.7% |
| 2012 | 3.6% | +3.2% |
| 2013 | 0.9% | -76.0% |
| 2014 | 2.5% | +193.8% |
| 2015 | 2.7% | +7.9% |
| 2016 | 1.8% | -34.4% |
| 2017 | 1.9% | +5.6% |
| 2018 | 2.0% | +5.4% |
| 2019 | -0.4% | -119.9% |
| 2020 | -8.4% | +2027.4% |
| 2021 | 6.0% | -172.4% |
| 2022 | 3.7% | -38.7% |
| 2023 | 3.4% | -9.6% |
| 2024 | 1.4% | -57.4% |
Mexico compared with similar countries
- Mexico's 1.4% is below the median for upper middle income countries, which is 3.5%, 41% of the median. (56 countries reporting)
- Mexico's 1.4% is below the median for Latin America & Caribbean, which is 3.3%, 43% of the median. (39 countries reporting)
Biggest year-on-year movements
Years where Annual GDP growth (%) in Mexico changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2020 | -2027.4% | -0.4% | -8.4% |
| 2009 | -767.3% | 0.9% | -6.3% |
| 2003 | +601.1% | -0.2% | 1.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.3% | -6.3% | 5.0% | 10 |
| 2010s | 2.3% | -0.4% | 5.0% | 10 |
| 2020s | 1.2% | -8.4% | 6.0% | 5 |
Countries ranked near Mexico
More economy & growth data for Mexico
- Real gdp growth, annual growth rate -56.52 % change on previous year (2024)
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.43 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.06 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate 4.18 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.009 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 124.78 units per person (2025)
- SDRs holdings, SDR, annual growth rate -0.7963 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0066 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 91.11 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 1.94 % change on previous year (2025)
Frequently asked questions
- What is annual gdp growth in Mexico?
- Annual gdp growth in Mexico was 1.4% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual gdp growth recorded in Mexico?
- The highest recorded value was 6.0% in 2021.
- What is the lowest annual gdp growth recorded in Mexico?
- The lowest recorded value was -8.4% in 2020.
- How does Mexico rank for annual gdp growth?
- Mexico ranks 170th out of 230 countries with data for 2024.
- Is annual gdp growth rising or falling in Mexico?
- Over the last ten years it is down 43.0%. The long-run trend across the full record is volatile.
- Where does this Mexico data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Annual GDP growth (%). Statizoid updates them automatically from the source API.
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