Mexico: expected GDP growth 2020-2021

By the end of 2020, it was estimated that the gross domestic product (GDP) of Mexico had decreased by close to nine percent, when compared to the previous year. In January 2020, the forecast was of a one percent growth. As a result of the COVID-19 outbreak in Latin America, forecasts of GDP growth showed decreasing values in several countries in the region for the year 2020. However, as more people get immunized the trend is expected to change. As of October 2021, the Mexican GDP was forecast to grow by six percent that year.

For further information about the coronavirus (COVID-19) pandemic, please visit our dedicated Facts and Figures page.