Mexico's GDP grew 3% in 2022

Mexico’s GDP grew 3% in 2022

At a quarterly rate, the timely GDP of primary activities advanced 2%; that of secondary schools, 0.4% and that of tertiary schools, 0.2% in the fourth quarter of 2022.

Finance Undersecretary Gabriel Yorio previously indicated that “practically this growth has been driven by increases in almost all sectors, as well as high levels of employment and private consumption.”

In the reference quarter, at the annual rate and with seasonally adjusted series, the timely estimate of GDP rose 3.6% in real terms. By economic activity, the increases were: 6.3% in primary activities, 3.6% in tertiary activities, and 3% in secondary activities.

The Inegi indicated that the timely estimates provided in this statement could change with respect to the figures generated for the traditional quarterly GDP, which will be published on February 24, 2023.

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