Gross domestic product (GDP) in Mexico
Mexico: Gross domestic product (GDP) was 2.60 trillion international-$ in 2021 prices in 2023. ◆ Volatile
Gross domestic product (GDP) in Mexico, 1950–2023
Source: Feenstra et al. - Penn World Table (2025) – with major processing by Our World in Data. Measured in international-$ in 2021 prices.
Analysis
The most recent figure for gross domestic product (gdp) in Mexico is 2.60 trillion international-$ in 2021 prices, measured in 2023.
Compared with earlier readings it is up 0.7% on the previous year and up 3.4% over ten years.
Over the whole period, gross domestic product (gdp) in Mexico peaked at 2.68 trillion international-$ in 2021 prices in 2017 and was at its lowest, 164.09 billion international-$ in 2021 prices, in 1950.
That places Mexico 14th out of 184 countries with data for 2023, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1950s | 215.15 billion international-$ in 2021 prices | 164.09 billion international-$ in 2021 prices | 271.42 billion international-$ in 2021 prices | 10 |
| 1960s | 393.50 billion international-$ in 2021 prices | 292.30 billion international-$ in 2021 prices | 515.07 billion international-$ in 2021 prices | 10 |
| 1970s | 745.27 billion international-$ in 2021 prices | 549.95 billion international-$ in 2021 prices | 1.01 trillion international-$ in 2021 prices | 10 |
| 1980s | 1.14 trillion international-$ in 2021 prices | 1.10 trillion international-$ in 2021 prices | 1.20 trillion international-$ in 2021 prices | 10 |
| 1990s | 1.37 trillion international-$ in 2021 prices | 1.22 trillion international-$ in 2021 prices | 1.58 trillion international-$ in 2021 prices | 10 |
| 2000s | 1.87 trillion international-$ in 2021 prices | 1.68 trillion international-$ in 2021 prices | 2.10 trillion international-$ in 2021 prices | 10 |
| 2010s | 2.54 trillion international-$ in 2021 prices | 2.19 trillion international-$ in 2021 prices | 2.68 trillion international-$ in 2021 prices | 10 |
| 2020s | 2.52 trillion international-$ in 2021 prices | 2.40 trillion international-$ in 2021 prices | 2.60 trillion international-$ in 2021 prices | 4 |
Countries ranked near Mexico
- 11 Turkey 3.12 trillion international-$ in 2021 prices compare
- 12 Italy 3.00 trillion international-$ in 2021 prices compare
- 13 South Korea 2.91 trillion international-$ in 2021 prices compare
- 15 Spain 2.19 trillion international-$ in 2021 prices compare
- 16 Canada 2.17 trillion international-$ in 2021 prices compare
- 17 Saudi Arabia 1.96 trillion international-$ in 2021 prices compare
More economy & growth data for Mexico
- External balance on goods and services as a percent of GDP -0.6% (2025)
- Inflation of consumer prices 3.8% (2025)
- GDP per capita 10,257 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 20.0% (2025)
- Gross domestic product (GDP) 1.35 trillion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 10,257 constant 2015 US$ (2025)
- DEC alternative conversion factor 19.24 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 1.18 trillion current LCU (2025)
- Net secondary income (Net current transfers from abroad) 61.48 billion current US$ (2025)
- Taxes less subsidies on products 2.35 trillion current LCU (2025)
Frequently asked questions
- What is gross domestic product (gdp) in Mexico?
- Gross domestic product (gdp) in Mexico was 2.60 trillion international-$ in 2021 prices in 2023, according to Feenstra et al. - Penn World Table (2025) – with major processing by Our World in Data.
- What is the highest gross domestic product (gdp) recorded in Mexico?
- The highest recorded value was 2.68 trillion international-$ in 2021 prices in 2017.
- What is the lowest gross domestic product (gdp) recorded in Mexico?
- The lowest recorded value was 164.09 billion international-$ in 2021 prices in 1950.
- How does Mexico rank for gross domestic product (gdp)?
- Mexico ranks 14th out of 184 countries with data for 2023.
- Is gross domestic product (gdp) rising or falling in Mexico?
- Over the last ten years it is up 3.4%. The long-run trend across the full record is volatile.
- Where does this Mexico data come from?
- The figures come from Feenstra et al. - Penn World Table (2025) – with major processing by Our World in Data, published as part of Gross domestic product (GDP). Statizoid updates them automatically from the source API.
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About this data
Total economic output of a country or region per year. This data is adjusted for inflation and differences in living costs between countries.