Gross Domestic Product — Value US$ in Mexico
Mexico: Gross Domestic Product — Value US$ was 1.85 million million USD in 2024. ◆ Volatile
Gross Domestic Product — Value US$ in Mexico, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
In 2024, gross domestic product — value us$ in Mexico stood at 1.85 million million USD. That is the highest value across all 55 years on record.
Compared with earlier readings it is up 3.3% on the previous year and up 35.8% over ten years.
Over the whole period, gross domestic product — value us$ in Mexico peaked at 1.85 million million USD in 2024 and was at its lowest, 47,470 million USD, in 1970.
Mexico ranks 16th of 236 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value US$ in Mexico, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 47,470 million USD | — |
| 1971 | 52,358 million USD | +10.3% |
| 1972 | 60,341 million USD | +15.2% |
| 1973 | 73,822 million USD | +22.3% |
| 1974 | 96,134 million USD | +30.2% |
| 1975 | 117,540 million USD | +22.3% |
| 1976 | 118,703 million USD | +1.0% |
| 1977 | 109,420 million USD | -7.8% |
| 1978 | 137,121 million USD | +25.3% |
| 1979 | 179,653 million USD | +31.0% |
| 1980 | 248,868 million USD | +38.5% |
| 1981 | 319,392 million USD | +28.3% |
| 1982 | 221,969 million USD | -30.5% |
| 1983 | 190,227 million USD | -14.3% |
| 1984 | 224,386 million USD | +18.0% |
| 1985 | 235,745 million USD | +5.1% |
| 1986 | 165,403 million USD | -29.8% |
| 1987 | 179,228 million USD | +8.4% |
| 1988 | 219,484 million USD | +22.5% |
| 1989 | 267,224 million USD | +21.8% |
| 1990 | 314,838 million USD | +17.8% |
| 1991 | 376,846 million USD | +19.7% |
| 1992 | 435,758 million USD | +15.6% |
| 1993 | 530,161 million USD | +21.7% |
| 1994 | 553,618 million USD | +4.4% |
| 1995 | 380,157 million USD | -31.3% |
| 1996 | 432,158 million USD | +13.7% |
| 1997 | 523,450 million USD | +21.1% |
| 1998 | 557,461 million USD | +6.5% |
| 1999 | 631,249 million USD | +13.2% |
| 2000 | 742,061 million USD | +17.6% |
| 2001 | 796,065 million USD | +7.3% |
| 2002 | 810,666 million USD | +1.8% |
| 2003 | 765,550 million USD | -5.6% |
| 2004 | 819,459 million USD | +7.0% |
| 2005 | 917,572 million USD | +12.0% |
| 2006 | 1.02 million million USD | +11.2% |
| 2007 | 1.10 million million USD | +8.0% |
| 2008 | 1.16 million million USD | +5.4% |
| 2009 | 943,437 million USD | -18.8% |
| 2010 | 1.11 million million USD | +17.2% |
| 2011 | 1.23 million million USD | +11.2% |
| 2012 | 1.26 million million USD | +2.1% |
| 2013 | 1.33 million million USD | +5.8% |
| 2014 | 1.36 million million USD | +2.8% |
| 2015 | 1.21 million million USD | -11.1% |
| 2016 | 1.11 million million USD | -8.3% |
| 2017 | 1.19 million million USD | +7.1% |
| 2018 | 1.26 million million USD | +5.5% |
| 2019 | 1.30 million million USD | +3.8% |
| 2020 | 1.12 million million USD | -14.0% |
| 2021 | 1.32 million million USD | +17.4% |
| 2022 | 1.47 million million USD | +11.4% |
| 2023 | 1.79 million million USD | +22.3% |
| 2024 | 1.85 million million USD | +3.3% |
Mexico compared with similar countries
- Mexico's 1.85 million million USD is above the median for upper middle income countries, which is 44,912 million USD, 41.3× the median. (54 countries reporting)
- Mexico's 1.85 million million USD is above the median for Latin America & Caribbean, which is 24,901 million USD, 74.4× the median. (38 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 99,256 million USD | 47,470 million USD | 179,653 million USD | 10 |
| 1980s | 227,193 million USD | 165,403 million USD | 319,392 million USD | 10 |
| 1990s | 473,570 million USD | 314,838 million USD | 631,249 million USD | 10 |
| 2000s | 907,899 million USD | 742,061 million USD | 1.16 million million USD | 10 |
| 2010s | 1.24 million million USD | 1.11 million million USD | 1.36 million million USD | 10 |
| 2020s | 1.51 million million USD | 1.12 million million USD | 1.85 million million USD | 5 |
Countries ranked near Mexico
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)
- 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)
- IMF holdings of currency, US dollar, per unit of GDP 0.0049 units per US$ of GDP (2025)
Frequently asked questions
- What is gross domestic product — value us$ in Mexico?
- Gross domestic product — value us$ in Mexico was 1.85 million million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value us$ recorded in Mexico?
- The highest recorded value was 1.85 million million USD in 2024.
- What is the lowest gross domestic product — value us$ recorded in Mexico?
- The lowest recorded value was 47,470 million USD in 1970.
- How does Mexico rank for gross domestic product — value us$?
- Mexico ranks 16th out of 236 countries with data for 2024.
- Is gross domestic product — value us$ rising or falling in Mexico?
- Over the last ten years it is up 35.8%. The long-run trend across the full record is volatile.
- Where does this Mexico data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Domestic Product — Value US$. Statizoid updates them automatically from the source API.
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).