FX.co ★ Mexico’s GDP Growth Nearly Stalls in Q1 2026, Slipping to 0.1% Year-on-Year

Mexico’s economic growth slowed sharply at the start of 2026, with gross domestic product (GDP) rising just 0.1% year-on-year in the first quarter. The latest figure, updated on 30 April 2026, marks a steep deceleration from the 1.8% annual growth recorded in the fourth quarter of 2025.

The data are reported on a year-over-year basis, comparing the first quarter of 2026 with the same quarter a year earlier, while the previous figure compared the fourth quarter of 2025 to the fourth quarter of the prior year. The loss of momentum from late 2025 to early 2026 underscores a significant cooling in Mexico’s expansion, suggesting that growth drivers that supported the economy at the end of last year have weakened markedly in the new year.