Mexico GDP Growth Rate (2026)
Mexico has a large and diversified economy supported by manufacturing, services, exports, consumption, and extensive trade links with North America. This page explores its GDP growth trend, historical performance, regional position, and outlook.
GDP Growth Rate 2026
+1.6%
Annual real GDP growth
World Rank
#154
Out of 195 countries
Change vs 2025
+1.0 pp
2025: +0.6%
North America Rank
#18
Out of 23 countries
1. Mexico GDP Growth Rate in 2026
Mexican economic growth is influenced by manufacturing, household consumption, exports, investment, and trade with the United States. Nearshoring, industrial development, interest rates, and external demand also shape economic activity.
2. Mexico GDP Growth Rate Trends (1980–2026)
Mexico’s growth history has been closely connected to industrialization, trade integration, domestic demand, and economic conditions in the United States. Manufacturing and exports have become increasingly important over time.
3. Mexico GDP Growth Rate (Historical Data)
| Year | GDP Growth Rate | Change (pp) |
|---|---|---|
| 2026 | +1.6% | +1.0 pp |
| 2025 | +0.6% | -0.8 pp |
| 2024 | +1.4% | -1.7 pp |
| 2023 | +3.1% | -0.6 pp |
| 2022 | +3.7% | -2.3 pp |
| 2021 | +6.0% | +14.4 pp |
| 2020 | -8.4% | -8.0 pp |
| 2019 | -0.4% | -2.4 pp |
| 2018 | +2.0% | +0.1 pp |
| 2017 | +1.9% | +0.1 pp |
| 2016 | +1.8% | -0.9 pp |
| 2015 | +2.7% | +0.2 pp |
| 2014 | +2.5% | +1.6 pp |
| 2013 | +0.9% | -2.7 pp |
| 2012 | +3.6% | +0.2 pp |
| 2011 | +3.4% | -1.6 pp |
| 2010 | +5.0% | +11.3 pp |
| 2009 | -6.3% | -7.2 pp |
| 2008 | +0.9% | -1.2 pp |
| 2007 | +2.1% | -2.7 pp |
| 2006 | +4.8% | +2.7 pp |
| 2005 | +2.1% | -1.5 pp |
| 2004 | +3.6% | +2.4 pp |
| 2003 | +1.2% | +1.4 pp |
| 2002 | -0.2% | +0.3 pp |
| 2001 | -0.5% | -5.5 pp |
| 2000 | +5.0% | +2.2 pp |
| 1999 | +2.8% | -3.4 pp |
| 1998 | +6.2% | -1.0 pp |
| 1997 | +7.2% | +1.0 pp |
| 1996 | +6.2% | +12.1 pp |
| 1995 | -5.9% | -10.3 pp |
| 1994 | +4.4% | +1.5 pp |
| 1993 | +2.9% | -0.7 pp |
| 1992 | +3.6% | -0.4 pp |
| 1991 | +4.0% | -1.3 pp |
| 1990 | +5.3% | +1.7 pp |
| 1989 | +3.6% | +2.4 pp |
| 1988 | +1.2% | -0.9 pp |
| 1987 | +2.1% | +6.0 pp |
| 1986 | -3.9% | -5.8 pp |
| 1985 | +1.9% | -1.6 pp |
| 1984 | +3.5% | +8.1 pp |
| 1983 | -4.6% | -4.5 pp |
| 1982 | -0.1% | -9.7 pp |
| 1981 | +9.6% | +0.1 pp |
| 1980 | +9.5% | — |
4. Mexico GDP Growth Performance
Current Growth Rate
+1.6%
(2026 to 2026)
5-Year Average
+2.1%
(2022 to 2026)
10-Year Average
+1.2%
(2017 to 2026)
20-Year Average
+1.4%
(2007 to 2026)
Mexico benefits from a competitive manufacturing base, strong North American supply-chain integration, and opportunities from nearshoring. Domestic investment, consumer demand, and external trade conditions remain important determinants of overall performance.
5. Mexico GDP Growth Rate vs North America and World
Mexico
+1.6%
North America Average
+2.2%
World Average
+2.8%
0.0%
1.4%
2.8%
Annual real GDP growth (%)
Mexico’s GDP growth rate is approximately
0.5 pp
below the
North America average
and
1.2 pp
below the world average.
6. Mexico GDP Growth Rate Ranking in North America
| Rank | Country | GDP Growth Rate |
|---|---|---|
| #14 | Belize | +2.2% |
| #15 | Bahamas | +2.1% |
| #16 | Saint Kitts & Nevis | +2.0% |
| #17 | Saint Lucia | +2.0% |
| #18 | Mexico | +1.6% |
| #19 | Canada | +1.5% |
| #20 | Trinidad and Tobago | +0.8% |
| #21 | Jamaica | -1.2% |
| #22 | Haiti | -1.7% |
7. Top 10 Fastest-Growing Countries in the World (2026)
8. GDP Growth Rate and Economy Size in Mexico
Mexico GDP (Nominal)
$2.12 Trillion
(2026)
Mexico GDP Growth Rate
+1.6%
(2026)
Mexico’s close integration with the United States distinguishes its growth profile within Latin America. Manufacturing exports and nearshoring can support stronger performance, although dependence on U.S. demand creates exposure to external slowdowns.
Explore more:
Mexico GDP
9. Mexico GDP Growth Rate Forecast
Mexico’s outlook depends on manufacturing investment, nearshoring, domestic consumption, infrastructure, and U.S. economic conditions. Policy uncertainty, security concerns, fiscal constraints, and weaker external demand could affect future growth.
| Year | GDP Growth Rate | Change |
|---|---|---|
| 2027 | +2.2% | +0.6 pp |
| 2028 | +2.1% | -0.1 pp |
| 2029 | +2.0% | -0.1 pp |
| 2030 | +2.0% | 0.0 pp |
10. Mexico GDP Growth Rate: Key Findings
Mexico GDP growth rate is estimated at +1.6% in 2026.
It ranks #154 globally and #18 in North America by annual GDP growth rate.
The growth rate accelerated by 1.0 percentage points compared with 2025.
The 5-year average GDP growth rate is +2.1%.
The 10-year average GDP growth rate is +1.2%.
The current rate is 0.5 percentage points below the North America average.
The current rate is 1.2 percentage points below the world average.
The forecast GDP growth rate is +2.0% in 2030, 0.4 percentage points above the 2026 rate.
11. What Is GDP Growth Rate?
GDP growth rate measures the percentage change in a country’s real gross domestic product from one period to the next, usually year over year.
GDP Growth Rate
=
(Real GDPₜ − Real GDPₜ₋₁)
÷
Real GDPₜ₋₁ × 100
A positive rate indicates economic expansion, while a negative rate indicates contraction. Real GDP growth is preferred for growth comparisons because it adjusts for price changes.
12. Methodology and Data Sources
Primary Source:
International Monetary Fund (IMF)
Additional Source:
World Bank
Measure:
Annual percentage change in real GDP
Unit:
Percent (%)
Comparisons:
Year-to-year rate differences are shown in percentage points (pp)
Update Frequency:
Annually and when new forecasts are released
Last Updated:
September 2026
13. Mexico GDP Growth Rate FAQs
Mexico GDP growth rate is estimated at +1.6% in 2026.
Mexico ranks #154 globally and #18 in North America by annual GDP growth rate.
The economy is expanding, with real GDP growth of approximately +1.6% in 2026.
Mexico GDP growth rate was +2.7% in 2015.
Mexico GDP growth rate is 0.5 percentage points below the North America average.
15. Explore GDP Growth Rate
Disclaimer:
All data are estimates based on IMF, World Bank,
United Nations and related economic datasets.
Figures may differ from official national statistics.