Report by the WTO Secretariat

Mexico’s economic growth accelerated over the period 2012-2016: GDP grew at an annual average rate of 2.5%, higher than the 1.4% recorded over the period 2007-2011, while per capita GDP rose to approximately US$10,000. Economic growth has been driven both by stronger domestic demand and increased exports of manufactures to the United States. Inflation remained under control, within a range of 2% to 4% annually, corresponding to the fluctuation band determined by the Bank of Mexico.