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Mexico

Mexico's Economy Grows 2.5% in 2015, the Highest in Three Years

The GPD data at the end of 2015 of 2.5 percent was similar to the timely estimate made by INEGI last January 20

INEGI
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2 years ago

The Mexican economy registered an annual growth of 2.5 percent at the end of 2015, with original results indicating the highest growth in the last three years, as a result of following the provisions outlined by officials and analysts, reported INEGI.

The National Institute of Statistics and Geography (INEGI) announced, by sector, that the GDP of Tertiary Activities increased 3.3 percent, from 3.1 for the Primary, and 1.0 percent increase in Secondary Activities.

Thus, the GPD data at the end of 2015 of 2.5 percent was similar to the timely estimate made by INEGI last Jan. 20, and was the highest in the last three years, after a growth of 2.3 percent in 2014, 1.4 percent in 2013, and 4.0 percent in 2012.

This result was in line with the prognosis of the Treasury and Public Finance Secretariat (SHCP)for the growth of the Mexican economy in 2015, a range of 2.0 to 2.8 percent, with Mexico’s Central Bank’s (Banxico) prediction of 1.9 to 2.4 percent and 2.5 percent predicted by analysts for the past year.

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