Mexico Nominal GDP Rises To Record Levels

Mexico’s nominal GDP rose to record levels in the second quarter of the year, according to the national institute of statistics and data (INEGI). Nominal GDP rose 13.7%, year on year, to $875.1 billion as at the end of June. In real terms, GDP grew by 4.7% when adjusted for inflation of 8.6% for the period. Services contributed almost half of nominal GDP (49.5%), followed by industry 26.6% and then retail, restaurants and hotels 21.2% and agriculture 3.9%.