Mexico’s GDP grows by 1.5% in the second quarter of 2021

MEXICO – Mexico's Gross Domestic Product (GDP) grew by 1.5% in real terms during the second quarter of 2021, with respect to the previous quarter, according to seasonally adjusted figures presented by INEGI.

In its annual comparison, GDP growth was of 19.5%, between April and June 2021, with respect to the same period in 2020.

By components, the GDP of Tertiary Activities grew by 2%, while Primary Activities grew by 0.8% and Secondary Activities by 0.3%, in the period from April to June 2021, compared to the previous quarter.

It is worth to mentioning that the GDP grew by 19.5% in the second quarter of the year, compared to the same period of 2020, with Secondary Activities growing the most, with a growth of 27.9%.

On the other hand, Tertiary Activities (services sector) grew by 16.9% and Primary Activities by 6.8%, in the annual comparison.

Likewise, INEGI reported that during the first six months of 2021, GDP at constant prices registered an increase of 7.4% compared to the same semester of 2020, with seasonally adjusted figures.

INEGI also presented the results of the Nominal Gross Domestic Product at market prices, which stood at US$1.2 million in the second quarter of 2021, presenting a growth of 29.6% compared to the same period of 2020.

Source: Expansion