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Home World Business

Mexico’s GDP growth in 2015 up at 2.5%

byCT Report
30/01/2016
in World Business
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MEXICO CITY: Mexico’s official statistics bureau, the National Institute for Statistics and Geography (Inegi), announced Friday that Mexico had grown by 2.5 percent of GDP in 2015.

These numbers from Inegi were in the predicted range of 1.9-2.4 percent provided by the Bank of Mexico, of 2-2.8 percent offered by the Ministry of Finance and the 2.3-2.8 percent range given by the International Monetary Fund late last year.

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This official figure shows that 2015 was the best economic year for the current administration of President Enrique Peña Nieto, following 1.3 percent growth in 2013 and 2.3 percent in 2014.

According to Inegi, primary sectors such as agriculture, fishing, mining and forestry, outperformed the general economy overall, reaching 3.1 percent. Secondary sectors, such as manufacturing, slumped however to just 0.6 percent.

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