Mexico - Nominal Gross Domestic Product

Mexico: Nominal Gross Domestic Product

Mnemonic GDP.IMEX
Unit Mil. MXN, SAAR
Adjustments Seasonally Adjusted at Annual Rate
Quarterly 4.28 %
Data 2020 Q4 24,408,286
2020 Q3 23,407,546

Series Information

Source Instituto Nacional de Estadística Geografia e Informática (INEGI)
Release GDP - Demand and Supply
Frequency Quarterly
Start Date 3/31/1980
End Date 12/31/2020

Mexico: GDP

Reference Last Previous Units Frequency
Government Consumption 2020 Q4 2,976,235 2,962,323 Mil. MXN, SAAR Quarterly
Investment 2020 Q4 4,518,235 4,407,443 Mil. MXN, SAAR Quarterly
Nominal Fixed Investment (gross fixed capital formation) 2020 Q4 4,615,817 4,411,284 Mil. MXN, NSAAR Quarterly
Nominal Gross Domestic Product 2020 Q4 24,408,286 23,407,546 Mil. MXN, SAAR Quarterly
Private Consumption 2020 Q4 15,368,570 14,556,002 Mil. MXN, SAAR Quarterly
Real Fixed Investment (gross fixed capital formation) 2020 Q4 3,100,641 2,922,363 Mil. 2013 MXN, NSAAR Quarterly
Real Government Consumption 2020 Q4 2,217,989 2,222,682 Mil. 2013 MXN, SAAR Quarterly
Real Gross Domestic Product 2020 Q4 17,537,100 16,983,861 Mil. 2013 MXN, SAAR Quarterly
Real Investment 2020 Q4 2,999,417 2,914,539 Mil. 2013 MXN, SAAR Quarterly
Real Private Consumption 2020 Q4 11,568,598 10,988,306 Mil. 2013 MXN, SAAR Quarterly

Release Information

For Mexico, gross value added by NAICS industry at current and constant prices, and an annualized rate. Quarterly from 1993.

For the calculation of the Quarterly GDP at constant prices using the same conceptual framework and methodology that is used in the calculation of the Accounts of Goods and Services System of National Accounts, Mexico (SCNM). It is derived from an index of monthly and quarterly-physical volume of production-design Laspeyres, which are based fixed in the year 2003.

The criteria for the classification of economic activities of the Industrial Classification System of North America (NAICS) 2002, which also serve to order the basic statistical information that has opportunity monthly. For the process of adding classes to the sub-sectors of economic activity is to obtain subtotals by subsector with 668 kinds of measures, a total of 737, with the values they are representative of those sectors of activity that are aligned with the values Annual technique Denton, infiriéndose in this way the evolution of the classes, not to count on information from quarterly and its minimal relative importance, are not direct measures. Thus, the coverage achieved for quarterly GDP is 93.7 percent.

Data are for the total economy, as well as for each of the 20 industries that comprise: Agriculture, livestock, logging, fishing and hunting, mining, electricity, water and gas supply pipeline to the final consumer; Construction; Manufacturing; Trade, Transportation and warehousing; Information in mass media, financial services and insurance, real estate services and rental of movable and intangible; Professional, scientific and technical direction of corporate and business; support services business and waste management and remediation services, educational services, health services and social assistance; Recreational cultural and sporting and other recreational facilities, temporary accommodation services and preparation of foods and beverages; Other services except activities Government; activities of the Government, and Financial intermediation services indirectly measured. Additionally, it includes the information on the three main groups of activities: primary, secondary and tertiary, which in conjunction with those sectors.

It should be noted that the Agriculture levels differ from those obtained by calculating annual System of National Accounts, Mexico, because in the latter quantifies the production of "agricultural year", while the quarterly value added is measured in each of the quarters within a calendar year.

The data for each quarter are presented in millions of pesos in annualized terms, that is multiplied by four, in order to express the level they would reach the country's economy or any economic sector, whether in the rest of the year were maintained in the conditions observed the quarter under review.