Low base effect drives Mexico's GDP growth to 19.7% y/y in Q2 2021

In Q2 2021, Mexico's real GDP increased by 1.5% q/q, according to the seasonally adjusted advance estimate, strengthening from a 0.8% q/q rise in Q1 2021.

In terms of y/y growth, GDP shot up by 19.7% y/y in Q2 2021, bolstered by a low base after the economy was hit by the pandemic last year. This followed a 3.6% y/y contraction in Q1 2021.

Further data and analysis on Mexico’s economy are available on the CEIC Mexico Economy in a Snapshot – Q2 2021 report.