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%.
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.
Mexico GDP from 1980 to 2024
The total market value of goods and services produced annually in Mexico.
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)
| year | Nominal GDP | GDP per Capita | PPP per Capita | PPP GDP | GDP Growth | Current Account | Savings | Fiscal Balance | Population |
|---|---|---|---|---|---|---|---|---|---|
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 |