Source: world bank Nominal/PPP
Summary:
Mexico GDP Per Capita expanded from 1960 to 2024, increasing from $355.08 to $14,185.78 .The compound annual growth rate (CAGR) averaged 5.93% over the period. The economy recorded its peak level in 2024 and its lowest level in 1960. Growth volatility remained high. The maximum drawdown reached 54.12%, indicating the largest cyclical decline from peak levels. The country experienced 8 recession episode(s) during the observed period.
Mexico Economic Phases (1960 - 2024)
From 1960 to 2024, Mexico economy moved through multiple cyclical phases marked by alternating periods of rapid expansion and contraction.
- High Growth (1963–1975) indicating robust economic expansion
- High Growth (1978–1981) indicating robust economic expansion
- Crisis (1982–1983) indicating severe economic downturn
- High Growth (1987–1993) indicating robust economic expansion
- High Growth (1996–1997) indicating robust economic expansion
- High Growth (1999–2001) indicating robust economic expansion
- High Growth (2004–2007) indicating robust economic expansion
- High Growth (2010–2011) indicating robust economic expansion
- Expansion (2012–2014) indicating steady moderate growth
- Expansion (2018–2019) indicating steady moderate growth
- High Growth (2021–2023) indicating robust economic expansion
- Expansion (2024–2024) indicating steady moderate growth
The most remarkable growth occurred in 1980 with an increase of 49.059%, while the largest decline was in 1995 at -32.544%.