Mexico GDP Trends from 1980 to 2024: A overall increase with some decline Flow

Mexico's GDP changed from approximately $242B 153M in 1980 to $2T 17B in 2024, showing an overall 733.0% sharply increased during the period.
The lowest GDP was recorded in 1986 at $159B 434M, and the highest in 2024 at $2T 17B.
Over the 44-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 4.9%.
For comparison, the average annual growth rate of United States was 5.4%, and that of Brazil was 6.5%.

Mexico GDP from 1980 to 2024

The total market value of goods and services produced annually in Mexico.

Change Chart

    Overview of Mexico's GDP (1980–2024)

    The Gross Domestic Product (GDP) of Mexico recorded a 733.0% sharply increased from 1980 to 2024.
    The average GDP during this period was $801B 616M, and the median was $796B 55M.
    GDP fluctuated within a range of $1T 857B, with a standard deviation of $478B 548M.
    The average annual change was $34B 892M.


    Highest and Lowest GDP Records

    • Lowest GDP: 1986, $159B 434M
    • Highest GDP: 2024, $2T 17B
    • Most Recent GDP: 2024, $2T 17B

    Notable Annual GDP Changes

    • 2023: Significant increase in GDP
    • 2009: Noticeable drop in GDP

    Overall pattern: overall increase with some decline


    Global Economic Events and Mexico's GDP

    COVID-19 Pandemic (2020)

    • Period: From 2019 to 2020
    • GDP Change: $1T 305B → $1T 120B
    • Outcome: sharply declined

    2008 Global Financial Crisis

    • Period: From 2007 to 2009
    • GDP Change: $1T 102B → $943B 437M
    • Outcome: sharply declined

    2001 Dot-com Bubble Burst

    • Period: From 2000 to 2001
    • GDP Change: $742B 61M → $796B 55M
    • Outcome: increased

    1998 Asian Financial Crisis

    • Period: From 1997 to 1998
    • GDP Change: $523B 450M → $557B 485M
    • Outcome: increased

    Key Economic Indicators of Mexico (1980–2024)

    yearNominal GDPGDP per CapitaPPP per CapitaPPP GDPGDP GrowthCurrent AccountSavingsFiscal BalancePopulation
    1980
    $ 242B 153M
    $ 3,557.30
    $ 6,360.63
    $ 432B 982M
    9.482 %
    -5.088 %
    21.99 %
    0 %
    68M 72K people
    1981
    $ 311B 12M
    $ 4,461.16
    $ 7,449.98
    $ 519B 379M
    9.586 %
    -5.877 %
    21.27 %
    0 %
    69M 715K people
    1982
    $ 225B 706M
    $ 3,162.50
    $ 7,723.18
    $ 551B 200M
    -0.05 %
    -0.791 %
    20.39 %
    0 %
    71M 370K people
    1983
    $ 184B 10M
    $ 2,519.49
    $ 7,479.99
    $ 546B 298M
    -4.624 %
    7.397 %
    24 %
    0 %
    73M 35K people
    1984
    $ 217B 1M
    $ 2,904.69
    $ 7,842.62
    $ 585B 901M
    3.513 %
    5.177 %
    21.98 %
    0 %
    74M 707K people
    1985
    $ 230B 272M
    $ 3,015.01
    $ 8,065.82
    $ 616B 29M
    1.919 %
    2.186 %
    21.68 %
    0 %
    76M 375K people
    1986
    $ 159B 434M
    $ 2,043.27
    $ 7,737.34
    $ 603B 735M
    -3.93 %
    0.348 %
    17.54 %
    0 %
    78M 29K people
    1987
    $ 174B 840M
    $ 2,194.69
    $ 7,926.46
    $ 631B 462M
    2.063 %
    4.587 %
    22.51 %
    0 %
    79M 665K people
    1988
    $ 213B 893M
    $ 2,631.48
    $ 8,140.69
    $ 661B 695M
    1.218 %
    -1.141 %
    18.21 %
    0 %
    81M 282K people
    1989
    $ 260B 663M
    $ 3,144.69
    $ 8,596.60
    $ 712B 572M
    3.625 %
    -2.94 %
    17.39 %
    0 %
    82M 890K people
    1990
    $ 307B 613M
    $ 3,640.26
    $ 9,207.37
    $ 778B 50M
    5.25 %
    -3.365 %
    17.34 %
    4.647 %
    84M 503K people
    1991
    $ 368B 772M
    $ 4,281.70
    $ 9,710.58
    $ 836B 348M
    3.976 %
    -5.859 %
    15.92 %
    5.843 %
    86M 127K people
    1992
    $ 427B 661M
    $ 4,873.45
    $ 10,095.75
    $ 885B 934M
    3.569 %
    -8.452 %
    14.09 %
    5.57 %
    87M 753K people
    1993
    $ 530B 226M
    $ 5,933.29
    $ 10,439.63
    $ 932B 933M
    2.867 %
    -6.443 %
    16.18 %
    0.505 %
    89M 365K people
    1994
    $ 553B 618M
    $ 6,086.83
    $ 10,936.63
    $ 994B 725M
    4.394 %
    -7.751 %
    16.59 %
    -0.473 %
    90M 954K people
    1995
    $ 380B 182M
    $ 4,109.78
    $ 10,329.57
    $ 955B 555M
    -5.91 %
    -0.415 %
    18.90 %
    1.59 %
    92M 507K people
    1996
    $ 432B 158M
    $ 4,597.15
    $ 10,994.63
    $ 1T 33B
    6.218 %
    -0.58 %
    19.16 %
    0.173 %
    94M 6K people
    1997
    $ 523B 450M
    $ 5,484.71
    $ 11,809.42
    $ 1T 127B
    7.199 %
    -1.464 %
    19.68 %
    -0.04 %
    95M 438K people
    1998
    $ 557B 485M
    $ 5,759.19
    $ 12,502.47
    $ 1T 210B
    6.185 %
    -2.869 %
    19.93 %
    -1.951 %
    96M 799K people
    1999
    $ 631B 240M
    $ 6,435.62
    $ 12,857.85
    $ 1T 261B
    2.755 %
    -2.218 %
    20.03 %
    -1.512 %
    98M 85K people