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