Home Mexico GDP Growth 1998

Mexico – GDP Growth 1998

Annual percentage growth rate of GDP at market prices based on constant local currency. A negative value indicates economic contraction. · World Bank
6.19% −1.01pp from 1997 G20 rank: 41st

Mexico's gdp growth was 6.19% in 1998, decreased +1.01pp from 7.20% in 1997. This was the 41st highest in the G20.

G20 Ranking – 1998
RankCountryValueYoY
1st Iraq 35.00% 64.8%
2nd Liberia 30.21% -71.6%
3rd Equatorial Guinea 23.77% -84.1%
4th Bosnia and Herzegovina 16.62% -54.7%
5th Tuvalu 15.50% 55.0%
6th West Bank and Gaza 14.33% -2.3%
7th Isle of Man 13.50% 57.0%
8th Cabo Verde 12.52% 12.6%
9th Grenada 11.75% 134.3%
10th Honduras 11.58% -48.4%
11th Qatar 11.22% -62.6%
12th Mozambique 10.37% -12.2%
13th Azerbaijan 10.00% 72.4%
14th Niger 9.97% 552.9%
15th Rwanda 8.86% -36.0%
16th Ireland 8.77% -20.5%
17th Belarus 8.40% -26.3%
18th Panama 8.39% 8.8%
19th Albania 8.31% 171.0%
20th Trinidad and Tobago 8.12% 8.0%
21st China 7.92% -14.7%
22nd Liechtenstein 7.76% 7.4%
23rd Greenland 7.76% 428.1%
24th Maldives 7.49% -10.8%
25th San Marino 7.47%
26th Lithuania 7.46% -10.1%
27th Burkina Faso 7.31% 15.7%
28th Armenia 7.30% 119.8%
29th Morocco 7.24% 563.8%
30th Costa Rica 7.16% 30.7%
31st Turkmenistan 7.10% 162.3%
32nd Iceland 7.01% 69.3%
33rd Chad 6.95% 23.0%
34th Syrian Arab Republic 6.79% 35.1%
35th Dominican Republic 6.71% -24.6%
36th Luxembourg 6.67% 23.1%
37th Mali 6.65% 61.4%
38th Somalia, Fed. Rep. 6.59% 457.9%
39th Latvia 6.55% -28.6%
40th St. Lucia 6.29% 1,005.7%
41st Mexico 6.19% -14.1%
42nd India 6.18% 52.7%
43rd Cyprus 6.11% 131.4%
44th Mauritius 6.07% 6.8%
45th Yemen, Republic of 6.01% 14.8%
46th Bhutan 5.91% 10.1%
47th Senegal 5.90% 93.7%
48th Myanmar 5.87% 3.8%
49th Viet Nam 5.76% -29.3%
50th Egypt, Arab Republic of 5.58% 1.5%
51st Puerto Rico (US) 5.53% 13.3%
52nd Finland 5.45% -14.7%
53rd Serbia 5.34% -40.2%
54th Tajikistan 5.31% 216.1%
55th Bangladesh 5.18% 15.3%
56th Malta 5.13% -2.5%
57th Algeria 5.10% 363.6%
58th Bolivia, Plurinational State of 5.03% 1.5%
59th Guatemala 4.99% 14.4%
60th Uganda 4.91% -3.8%
61st Montenegro 4.90%
62nd Portugal 4.81% 9.3%
63rd Bahrain 4.79% 54.9%
64th Tunisia 4.78% -12.1%
65th Burundi 4.75% 398.7%
66th Antigua and Barbuda 4.73% -13.5%
67th Cameroon 4.73% 4.4%
68th Bahamas, The 4.72% 266.3%
69th Ghana 4.70% 12.0%
70th Central African Republic 4.70% -11.3%
71st Sri Lanka 4.70% -26.6%
72nd Angola 4.69% -35.5%
73rd Cambodia 4.68% 16.8%
74th Australia 4.68% 19.4%
75th Netherlands 4.65% 9.4%
76th Poland 4.62% -27.3%
77th Uruguay 4.52% -47.1%
78th United States 4.48% 0.8%
79th Kiribati 4.44% 277.4%
80th Estonia 4.34% -66.7%
81st Sudan 4.31% -76.5%
82nd Spain 4.30% 19.9%
83rd Uzbekistan 4.30% -17.3%
84th Côte d'Ivoire 4.26% -55.8%
85th Sweden 4.25% 38.5%
86th Chile 4.18% -43.4%
87th Israel 4.11% 13.8%
88th St. Vincent and the Grenadines 4.09% 16.7%
89th Lao PDR 3.97% -42.3%
90th Benin 3.96% -30.9%
91st Madagascar 3.92% 6.1%
92nd Bermuda 3.90% -15.2%
93rd Malawi 3.90% 2.7%
94th Belize 3.89% -8.1%
95th Canada 3.89% -9.0%
96th Argentina 3.85% -52.5%
97th Hungary 3.85% 29.2%
98th Slovak Republic 3.83% -30.3%
99th Bulgaria 3.79% 126.8%
100th Dominica 3.77% 72.7%
101st Congo, Republic of 3.74% 698.2%
102nd Barbados 3.73% -21.3%
103rd Nicaragua 3.71% -6.4%
104th Tanzania 3.71% 5.2%
105th Lebanon 3.67% 247.5%
106th Kuwait 3.66% 48.1%
107th Guinea 3.64% -29.7%
108th Monaco 3.50% 56.6%
109th Gambia, The 3.50% -28.6%
110th Austria 3.49% 62.8%
111th Gabon 3.48% -39.4%
112th France 3.45% 36.6%
113th Greece 3.44% -4.6%
114th North Macedonia 3.38% 134.6%
115th Mongolia 3.34% -14.3%
116th Namibia 3.29% -22.0%
117th Kenya 3.29% 592.8%
118th Ecuador 3.27% -24.5%
119th United Kingdom 3.25% -33.5%
120th Andorra 3.19% -64.8%
121st Georgia 3.10% -70.5%
122nd Slovenia 3.06% -40.8%
123rd Switzerland 3.03% 34.0%
124th Nepal 3.02% -40.3%
125th Jordan 3.01% -9.0%
126th European Union 2.98% 11.1%
127th Zimbabwe 2.89% 7.6%
128th Micronesia, Federated States of 2.84% 145.7%
129th Saudi Arabia 2.80% 5.9%
130th Mauritania 2.78% 168.7%
131st Norway 2.67% -49.5%
132nd El Salvador 2.65% -15.5%
133rd Eswatini 2.60% -16.1%
134th Nigeria 2.58% -12.1%
135th Pakistan 2.55% 151.4%
136th São Tomé and Principe 2.50% 150.9%
137th Seychelles 2.47% -79.8%
138th Denmark 2.33% -26.6%
139th Suriname 2.30% -59.6%
140th Tonga 2.29% 481.8%
141st Croatia 2.25% -63.5%
142nd Samoa 2.19% 241.1%
143rd Haiti 2.18% -19.3%
144th Kyrgyz Republic 2.12% -78.6%
145th Germany 2.10% 13.0%
146th Iran, Islamic Republic of 2.08% 54.0%
147th Palau 2.00% -13.0%
148th Aruba 1.99% -71.7%
149th Belgium 1.96% -48.3%
150th Türkiye 1.91% -74.1%
151st Italy 1.80% -6.3%
152nd Sierra Leone 1.79% 130.4%
153rd Eritrea 1.77% -77.6%
154th French Polynesia 1.73% 1,511.4%
155th Lesotho 1.54% -58.5%
156th Fiji 1.30% 159.1%
157th Solomon Islands 1.29% 241.3%
158th Vanuatu 1.18% -76.0%
159th New Zealand 0.86% -58.7%
160th Colombia 0.57% -83.4%
161st South Africa 0.50% -80.8%
162nd Botswana 0.44% -94.7%
163rd Brazil 0.34% -90.0%
164th United Arab Emirates 0.29% -96.4%
165th Cuba 0.16% -94.3%
166th Paraguay 0.07% -98.4%
167th Comoros 0.03% -99.4%
168th Oman -0.07% -101.1%
169th Zambia -0.39% -110.1%
170th Peru -0.39% -106.0%
171st Czechia -0.39% 34.0%
172nd St. Kitts and Nevis -0.49% -107.1%
173rd Philippines -0.51% -109.9%
174th Marshall Islands -0.67% 89.5%
175th Japan -1.27% -229.5%
176th Congo, Democratic Republic of -1.62% 71.1%
177th Guyana -1.68% -127.2%
178th Kazakhstan -1.90% -211.8%
179th Ukraine -1.90% 36.7%
180th Timor-Leste -2.00% -150.0%
181st Romania -2.03% 58.1%
182nd Singapore -2.19% -126.3%
183rd Togo -2.30% -116.0%
184th Jamaica -2.33% -104.7%
185th New Caledonia -3.20% -259.4%
186th Libya -3.55% -168.1%
187th Papua New Guinea -3.77% 3.5%
188th Macao SAR, China -4.57% -1,538.5%
189th Korea -4.94% -178.6%
190th Russian Federation -5.30% -478.6%
191st Hong Kong SAR, China -5.88% -215.4%
192nd Moldova -6.54% -497.2%
193rd Brunei Darussalam -6.66% -204.9%
194th Malaysia -7.36% -200.5%
195th Thailand -7.63% -177.2%
196th Nauru -11.79% -31.7%
197th Indonesia -13.13% -379.3%
198th Guinea-Bissau -22.45% -445.3%
HistorySaid – pattern alert

Mexico matched the Orthodox Tightening Cycle pattern in 1998. Historically: 271 occurrences, 157 successful (58%). Outcome 24 months later: 9.5%. View full analysis →