Source: world bank Nominal/PPP
Summary:
Mexico GDP Per Capita expanded from 1960 to 2024, increasing from $13.04 to $1,856.37 .The compound annual growth rate (CAGR) averaged 8.06% 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 48.99%, 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 (1961–1975) indicating robust economic expansion
- High Growth (1978–1981) indicating robust economic expansion
- Crisis (1982–1983) indicating severe economic downturn
- High Growth (1984–1985) indicating robust economic expansion
- High Growth (1987–1993) indicating robust economic expansion
- High Growth (1996–2001) indicating robust economic expansion
- High Growth (2004–2008) indicating robust economic expansion
- High Growth (2010–2011) indicating robust economic expansion
- High Growth (2017–2018) indicating robust economic expansion
- 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 52.809%, while the largest decline was in 1995 at -31.332%.