Real GDP at Constant National Prices for Mexico
RGDPNAMXA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,406,409.75
Year-over-Year Change
24.60%
Date Range
1/1/1950 - 1/1/2019
Summary
The 'Real GDP at Constant National Prices for Mexico' measures the inflation-adjusted value of goods and services produced in Mexico, providing a key indicator of the country's economic performance and growth.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This economic trend represents the real, or inflation-adjusted, gross domestic product (GDP) of Mexico, calculated using a fixed base year to enable comparisons over time. It is a widely-used metric for assessing the health and trajectory of the Mexican economy.
Methodology
The data is calculated by the U.S. Federal Reserve based on information provided by Mexico's national statistical agency.
Historical Context
Policymakers and analysts closely monitor Mexico's real GDP to inform economic and financial decisions.
Key Facts
- Mexico is the second-largest economy in Latin America.
- Real GDP growth in Mexico averaged 2.4% annually from 2010-2019.
- The COVID-19 pandemic caused Mexico's real GDP to contract by 8.2% in 2020.
FAQs
Q: What does this economic trend measure?
A: The 'Real GDP at Constant National Prices for Mexico' measures the total value of goods and services produced in Mexico, adjusted for inflation, providing a gauge of the country's economic activity and growth.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of Mexico's macroeconomic performance and is closely tracked by policymakers, investors, and economists to assess the health and trajectory of the Mexican economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve based on information provided by Mexico's national statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use Mexico's real GDP growth as a primary input for informing economic and financial decisions, such as setting monetary and fiscal policies.
Q: Are there update delays or limitations?
A: There may be a short lag in the availability of the most recent data, as the Federal Reserve relies on information provided by Mexico's statistical agency.
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Citation
U.S. Federal Reserve, Real GDP at Constant National Prices for Mexico (RGDPNAMXA666NRUG), retrieved from FRED.