Regarding the Mexican peso, analysts expect the national currency to trade at 19.13 pesos to the U.S. Mexico inflation rate for 2018 was 4.90, a 1.14 decline from 2017. Mexico: Real gross domestic product (GDP) growth rate from 2018 to 2028. Mexico’s gross domestic product (GDP) declined 0.2 percent through third quarter 2019. Mexico inflation rate for 2019 was 3.64, a 1.26 decline from 2018. Basic Statistic Distribution of the workforce across economic sectors in Mexico 2019. Mexico inflation rate for 2020 was 3.40, a 0.24 decline from 2019. GDP Growth Rate in Mexico averaged 0.55 percent from 1993 until 2023, reaching an all time high of 13.10 percent in the third quarter of 2020 and a record low. Mexico closed 2022 with inflation at 7.82 percent, its highest level in two decades, driven by global price hikes caused by the COVID-19 pandemic, among other factors.īanxico has set target inflation at 3 percent, with a 1 percentage point margin above or below that figure. Mexico inflation rate for 2021 was 5.69, a 2.29 increase from 2020. The World Bank degraded the Mexican economy to zero overall growth in 2019 and cut to 1.2 its forecast for 2020 after noticing the risk of further growth deterioration. On inflation, analysts lowered their earlier forecast for the year, from 5.15 percent to 5.05 percent, according to the survey carried out on April 19-27. The main objective of the IDB Group country strategy with Mexico for the 2019-2024 period is to support inclusive, sustainable economic growth and bolster. The Mexican economy, Latin America's second-largest after Brazil, grew 3.1 percent in 2022, down from the 4.7 percent growth the previous year.
MEXICO CITY, May 2 (Xinhua) - Private-sector financial analysts upgraded Mexico's economic growth forecast for 2023 from 1.4 percent to 1.6 percent, a survey by the Bank of Mexico (Banxico) showed on Tuesday.įor 2024, analysts downgraded expected growth in Mexico's GDP from 1.8 percent to 1.7 percent on average, according to the bank's survey of analysts at 37 financial groups. Private-sector analysts raised their estimate for Mexicos 2023 economic growth and lowered forecasts for headline.
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