In the third quarter of 2025 (3Q25), Mexico’s Gross Domestic Product (GDP) totaled  35.2 trillion pesos, representing a growth of 4.1% compared to the same period in 2024, the National Institute of Statistics and Geography (Inegi) announced this Thursday .

During the reference period, the  remuneration of salaried workers , by the income method, was the component that registered the greatest increase among productive agents, with an increase of 9.9% at an annual rate and an amount of 11 trillion pesos, which meant a participation of 31.4% of GDP.

According to the agency, the  gross operating surplus , that is, business profits, represented 39.6% of GDP in Q3 2025, with an annual growth of just 0.8 percent.

Gross mixed income ,  related to self-employed workers and small businesses, had a share of 21.6% of GDP in the comparison cycle, with a slight rebound at an annual rate of 0.4 percent.

Meanwhile, final consumption , measured by the expenditure method, was the component that sustained domestic demand with 29.3 trillion pesos, representing 83.3% of GDP in Q3 2025, and an annual growth of 4.6 percent.

Exports reached 13.6 trillion pesos during the period, representing 38.6% of GDP and a 6% increase compared to the third quarter of 2024 (3Q24), reflecting greater dynamism in Mexican foreign trade. Imports grew  5.9 % year-on-year, contributing 40.6% to GDP.

Meanwhile, gross fixed capital formation –investments in infrastructure, machinery and equipment– totaled 7.7 trillion pesos in the third quarter of 2025, although it registered a 4.9% drop compared to Q3 2024. This component accounted for 22% of GDP.

The quarterly Gross Domestic Product results, calculated using the income and expenditure approach , reflect the strength of domestic consumption , which is one of the driving forces of the Mexican economy.

According to estimates from BBVA Research , a moderate start to private spending is expected in 2026 , although a gradual recovery in consumption could be observed during the course of the year, “as the real wage bill strengthens and uncertainty related to US trade policies decreases.”

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Despite estimates of a possible recession in Mexico due to uncertainty about the global economy, private consumption in the country  registered a monthly growth of 1.2% in February 2025, according to data from the Monthly Private Consumption Indicator (IMCP)  compiled by the National Institute of Statistics and Geography (INEGI) .

This increase reflected the positive trend in household spending on goods and services , both domestic and imported, despite the tariff policy promoted by the United States.

According to seasonally adjusted monthly figures, consumption of domestic goods and services grew 1.2% , with goods reporting a 2.1% increase and services growing 0.3% . Regarding imported goods, consumption increased 2.7% in February of this year compared to the previous month.

On an annual basis, the IMCP fell 0.7% ; domestically, consumption of imported goods fell  5.3% .

These figures are released in a context where Mexico’s Gross Domestic Product (GDP)  registered a quarterly increase of  0.2%  in the first quarter of 2025, showing a recovery after a  0.6% decline in the last quarter of 2024.

It is worth remembering that last February, the Ministry of Economy (SE) announced the relaunch of the “Made in Mexico” emblem , which seeks to strengthen the national industry, protect employment and encourage the consumption of Mexican products and services, as a measure to confront the tariff policies of United States President Donald Trump .

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