Mexico’s Gross Domestic Product (GDP) registered a 0.2% increase in the first quarter of 2025 at a quarterly rate, showing a recovery after falling 0.6% in the last quarter of 2024, the National Institute of Statistics and Geography (INEGI) announced this Wednesday .
According to the Timely Estimate of the Quarterly Gross Domestic Product (EOPIBT) , at an annual rate, the Mexican economy also grew by 0.6 percent .
This slight increase comes amid tariff threats from the U.S. government, which has caused distrust among investors and generated uncertainty in various global markets.
By sector, in the period January-March 2025, the timely estimate of the GDP of primary activities , which includes agriculture, livestock, fishing and mining, registered an increase of 8.1% in its quarterly measurement.
Meanwhile, secondary activities , comprising the manufacturing industry, decreased 0.3% quarterly in the same period. Tertiary activities , comprising trade, transportation, and services, remained unchanged quarterly in the reference period.
At an annual rate, the GDP of primary activities increased by 6% , that of secondary activities showed a decrease of 1.4% and that of tertiary activities increased by 1.3 percent .
With the increase reported in the first quarter of 2025, the Mexican economy avoided a technical recession.
It’s worth remembering that the International Monetary Fund (IMF) estimated a 0.3% contraction in Mexico’s GDP, which could lead to a recession this year.
Meanwhile, the World Bank (WB) lowered its economic growth forecast for Mexico from 1.5% to 0% by 2025 in response to the escalation of tariffs by the United States.
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