Real gdp growth in Mexico
Mexico: Real gdp growth was 1.35 in 2024. ◆ Volatile
Real gdp growth in Mexico, 1980–2024
Source: Our World in Data.
Analysis
Mexico recorded 1.35 for real gdp growth in 2024.
Compared with earlier readings it is down 56.5% on the previous year and down 46.0% over ten years.
Over the whole period, real gdp growth in Mexico peaked at 9.59 in 1981 and was at its lowest, -8.35, in 2020.
Mexico ranks 158th of 196 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Real gdp growth in Mexico, year by year
| Year | Value | Change |
|---|---|---|
| 1980 | 9.48 | — |
| 1981 | 9.59 | +1.1% |
| 1982 | -0.05 | -100.5% |
| 1983 | -4.62 | +9148.0% |
| 1984 | 3.51 | -176.0% |
| 1985 | 1.92 | -45.4% |
| 1986 | -3.93 | -304.8% |
| 1987 | 2.06 | -152.5% |
| 1988 | 1.22 | -41.0% |
| 1989 | 3.62 | +197.6% |
| 1990 | 5.25 | +44.8% |
| 1991 | 3.98 | -24.3% |
| 1992 | 3.57 | -10.2% |
| 1993 | 2.87 | -19.7% |
| 1994 | 4.39 | +53.3% |
| 1995 | -5.91 | -234.5% |
| 1996 | 6.22 | -205.2% |
| 1997 | 7.2 | +15.8% |
| 1998 | 6.18 | -14.1% |
| 1999 | 2.75 | -55.5% |
| 2000 | 5.03 | +82.5% |
| 2001 | -0.451 | -109.0% |
| 2002 | -0.237 | -47.5% |
| 2003 | 1.19 | -600.4% |
| 2004 | 3.56 | +200.6% |
| 2005 | 2.11 | -40.7% |
| 2006 | 4.8 | +127.4% |
| 2007 | 2.08 | -56.8% |
| 2008 | 0.943 | -54.6% |
| 2009 | -6.29 | -767.6% |
| 2010 | 4.97 | -179.0% |
| 2011 | 3.44 | -30.7% |
| 2012 | 3.55 | +3.2% |
| 2013 | 0.852 | -76.0% |
| 2014 | 2.5 | +193.9% |
| 2015 | 2.7 | +7.9% |
| 2016 | 1.77 | -34.4% |
| 2017 | 1.87 | +5.6% |
| 2018 | 1.97 | +5.3% |
| 2019 | -0.393 | -119.9% |
| 2020 | -8.35 | +2025.7% |
| 2021 | 6.05 | -172.4% |
| 2022 | 3.71 | -38.7% |
| 2023 | 3.11 | -16.3% |
| 2024 | 1.35 | -56.5% |
Mexico compared with similar countries
- Mexico's 1.35 is below the median for upper middle income countries, which is 3.49, 39% of the median. (57 countries reporting)
- Mexico's 1.35 is below the median for Latin America & Caribbean, which is 3.37, 40% of the median. (34 countries reporting)
Biggest year-on-year movements
Years where Real 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 |
|---|---|---|---|
| 1983 | -9148.0% | -0.05 | -4.62 |
| 2020 | -2025.7% | -0.393 | -8.35 |
| 2009 | -767.6% | 0.943 | -6.29 |
| 2003 | +600.4% | -0.237 | 1.19 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 2.28 | -4.62 | 9.59 | 10 |
| 1990s | 3.65 | -5.91 | 7.2 | 10 |
| 2000s | 1.27 | -6.29 | 5.03 | 10 |
| 2010s | 2.32 | -0.393 | 4.97 | 10 |
| 2020s | 1.17 | -8.35 | 6.05 | 5 |
Countries ranked near Mexico
- 155 Qatar 1.54 compare
- 156 Suriname 1.51 compare
- 157 Lesotho, Kingdom of 1.39 compare
- 159 United Kingdom 1.32 compare
- 160 Switzerland 1.27 compare
- 161 Japan 1.19 compare
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 real gdp growth in Mexico?
- Real gdp growth in Mexico was 1.35 in 2024, according to Our World in Data.
- What is the highest real gdp growth recorded in Mexico?
- The highest recorded value was 9.59 in 1981.
- What is the lowest real gdp growth recorded in Mexico?
- The lowest recorded value was -8.35 in 2020.
- How does Mexico rank for real gdp growth?
- Mexico ranks 158th out of 196 countries with data for 2024.
- Is real gdp growth rising or falling in Mexico?
- Over the last ten years it is down 46.0%. The long-run trend across the full record is volatile.
- Where does this Mexico data come from?
- The figures come from Our World in Data, published as part of Real gdp growth. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 45 observations, free to reuse under CC BY 4.0 (Our World in Data).