Mexico’s economy No growth or decline During the fourth quarter of 2021, according to the National Institute of Statistics and Geography (Inegi). Initially, the agency reported that a quarterly decrease of 0.1% was recorded.
However, the country’s Gross Domestic Product (GDP) remains unchanged Compared to the previous quarter (July – September).
Read: IMF cuts economic growth forecast for Mexico in 2022, to 2.8%
With an annualized rate and a seasonally adjusted series, the index registered a rise of 1.1% in real terms in the fourth quarter of last year.
In the fourth quarter of 2021 GDP #GDP It showed no variance compared to the previous quarter and reported a 1.1% increase in real terms in its annual reference (numbers.) https://t.co/O1oHcYhUE6 Statement #INEGI pic.twitter.com/wxASoME46U
– INEGI INFORMS (INEGI_INFORMA) February 25 2022
By economic activities, the GDP of primary activities increased by 4.7%, the GDP of secondary activities increased by 1.6% and the activities of the tertiary sector increased by 0.3%.
While with respect to the previous quarter, by component and seasonally adjusted series, the GDP of industrial activities increased by 0.4%, agricultural activity by 0.2%, and the GDP of services related activities decreased by 0.6% compared to the previous quarter.
Inegi newspaper reported that throughout 2021 Mexico grew 5%, After declining in 2020 by 8.5%, as a result of closing activities due to the COVID pandemic, the largest economic decline since 1932.