Gross domestic product (GDP) in Mexico
Mexico: Gross domestic product (GDP) was 2.60 trillion international-$ in 2021 prices in 2023. ◆ Volatile
Latest (2023)
2.60 trillion international-$ in 2021 prices
Change on year
up 0.7%
World rank
14th
of 184 countries
All-time high
2.68 trillion international-$ in 2021 prices
in 2017
All-time low
164.09 billion international-$ in 2021 prices
in 1950
Years of data
74
1950–2023
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.
Gross domestic product (GDP) in Mexico, year by year
| Year | international-$ in 2021 prices | Change |
|---|---|---|
| 1950 | 164.09 billion international-$ in 2021 prices | — |
| 1951 | 177.64 billion international-$ in 2021 prices | +8.3% |
| 1952 | 185.15 billion international-$ in 2021 prices | +4.2% |
| 1953 | 182.26 billion international-$ in 2021 prices | -1.6% |
| 1954 | 202.35 billion international-$ in 2021 prices | +11.0% |
| 1955 | 219.00 billion international-$ in 2021 prices | +8.2% |
| 1956 | 233.82 billion international-$ in 2021 prices | +6.8% |
| 1957 | 251.45 billion international-$ in 2021 prices | +7.5% |
| 1958 | 264.33 billion international-$ in 2021 prices | +5.1% |
| 1959 | 271.42 billion international-$ in 2021 prices | +2.7% |
| 1960 | 292.30 billion international-$ in 2021 prices | +7.7% |
| 1961 | 300.46 billion international-$ in 2021 prices | +2.8% |
| 1962 | 312.07 billion international-$ in 2021 prices | +3.9% |
| 1963 | 340.86 billion international-$ in 2021 prices | +9.2% |
| 1964 | 386.50 billion international-$ in 2021 prices | +13.4% |
| 1965 | 407.05 billion international-$ in 2021 prices | +5.3% |
| 1966 | 431.77 billion international-$ in 2021 prices | +6.1% |
| 1967 | 455.30 billion international-$ in 2021 prices | +5.4% |
| 1968 | 493.62 billion international-$ in 2021 prices | +8.4% |
| 1969 | 515.07 billion international-$ in 2021 prices | +4.3% |
| 1970 | 549.95 billion international-$ in 2021 prices | +6.8% |
| 1971 | 574.79 billion international-$ in 2021 prices | +4.5% |
| 1972 | 623.08 billion international-$ in 2021 prices | +8.4% |
| 1973 | 674.95 billion international-$ in 2021 prices | +8.3% |
| 1974 | 717.40 billion international-$ in 2021 prices | +6.3% |
| 1975 | 757.95 billion international-$ in 2021 prices | +5.7% |
| 1976 | 801.54 billion international-$ in 2021 prices | +5.8% |
| 1977 | 833.74 billion international-$ in 2021 prices | +4.0% |
| 1978 | 911.26 billion international-$ in 2021 prices | +9.3% |
| 1979 | 1.01 trillion international-$ in 2021 prices | +10.6% |
| 1980 | 1.11 trillion international-$ in 2021 prices | +10.4% |
| 1981 | 1.20 trillion international-$ in 2021 prices | +8.0% |
| 1982 | 1.19 trillion international-$ in 2021 prices | -0.8% |
| 1983 | 1.12 trillion international-$ in 2021 prices | -5.8% |
| 1984 | 1.16 trillion international-$ in 2021 prices | +3.1% |
| 1985 | 1.16 trillion international-$ in 2021 prices | +0.6% |
| 1986 | 1.10 trillion international-$ in 2021 prices | -5.9% |
| 1987 | 1.11 trillion international-$ in 2021 prices | +1.4% |
| 1988 | 1.11 trillion international-$ in 2021 prices | -0.1% |
| 1989 | 1.15 trillion international-$ in 2021 prices | +3.9% |
| 1990 | 1.22 trillion international-$ in 2021 prices | +6.1% |
| 1991 | 1.27 trillion international-$ in 2021 prices | +3.9% |
| 1992 | 1.32 trillion international-$ in 2021 prices | +3.5% |
| 1993 | 1.30 trillion international-$ in 2021 prices | -1.1% |
| 1994 | 1.37 trillion international-$ in 2021 prices | +4.9% |
| 1995 | 1.31 trillion international-$ in 2021 prices | -4.2% |
| 1996 | 1.34 trillion international-$ in 2021 prices | +2.2% |
| 1997 | 1.42 trillion international-$ in 2021 prices | +6.3% |
| 1998 | 1.53 trillion international-$ in 2021 prices | +7.5% |
| 1999 | 1.58 trillion international-$ in 2021 prices | +3.4% |
| 2000 | 1.69 trillion international-$ in 2021 prices | +7.1% |
| 2001 | 1.70 trillion international-$ in 2021 prices | +0.6% |
| 2002 | 1.68 trillion international-$ in 2021 prices | -1.1% |
| 2003 | 1.72 trillion international-$ in 2021 prices | +2.1% |
| 2004 | 1.80 trillion international-$ in 2021 prices | +4.7% |
| 2005 | 1.91 trillion international-$ in 2021 prices | +6.3% |
| 2006 | 2.01 trillion international-$ in 2021 prices | +4.9% |
| 2007 | 2.06 trillion international-$ in 2021 prices | +2.5% |
| 2008 | 2.10 trillion international-$ in 2021 prices | +2.1% |
| 2009 | 2.03 trillion international-$ in 2021 prices | -3.6% |
| 2010 | 2.19 trillion international-$ in 2021 prices | +7.8% |
| 2011 | 2.42 trillion international-$ in 2021 prices | +10.7% |
| 2012 | 2.55 trillion international-$ in 2021 prices | +5.6% |
| 2013 | 2.51 trillion international-$ in 2021 prices | -1.6% |
| 2014 | 2.54 trillion international-$ in 2021 prices | +0.9% |
| 2015 | 2.56 trillion international-$ in 2021 prices | +1.1% |
| 2016 | 2.66 trillion international-$ in 2021 prices | +3.7% |
| 2017 | 2.68 trillion international-$ in 2021 prices | +0.7% |
| 2018 | 2.68 trillion international-$ in 2021 prices | -0.0% |
| 2019 | 2.62 trillion international-$ in 2021 prices | -2.2% |
| 2020 | 2.40 trillion international-$ in 2021 prices | -8.4% |
| 2021 | 2.51 trillion international-$ in 2021 prices | +4.8% |
| 2022 | 2.58 trillion international-$ in 2021 prices | +2.7% |
| 2023 | 2.60 trillion international-$ in 2021 prices | +0.7% |
Mexico compared with similar countries
- Mexico's 2.60 trillion international-$ in 2021 prices is above the median for upper middle income countries, which is 148.60 billion international-$ in 2021 prices, 17.5× the median. (51 countries reporting)
- Mexico's 2.60 trillion international-$ in 2021 prices is above the median for Latin America & Caribbean, which is 42.33 billion international-$ in 2021 prices, 61.3× the median. (37 countries reporting)
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
- 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 11.29 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0062 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 85.55 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 43.09 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -5.25 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0235 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 326.53 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 10.41 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product (gdp) in Mexico?
- Gross domestic product (gdp) in Mexico was 2.60 trillion international-$ 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.