Mexico: Share of manufacturing

* indicates monthly or quarterly data series
 Mexico

Value added by the manufacturing sector as percent of GDP

 Latest value 20.06
 Year 2023
 Measure percent
 Data availability 1965 - 2023
 Average 19.85
 Min - Max 16.96 - 22.36
 Source The World Bank
The latest value from 2023 is 20.06 percent, a decline from 21.37 percent in 2022. In comparison, the world average is 12.33 percent, based on data from 153 countries. Historically, the average for Mexico from 1965 to 2023 is 19.85 percent. The minimum value, 16.96 percent, was reached in 1982 while the maximum of 22.36 percent was recorded in 1997. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent data
Mexico - Share of manufacturing - Recent values chart

Historical series
Mexico - Share of manufacturing - historical chart - 1965-2023




The importance of manufacturing in the economy of Mexico and other countries is measured as the value added of manufacturing as percent of GDP. Manufacturing is part of the industrial sector of the economy.
Definition: Manufacturing refers to industries belonging to ISIC divisions 15-37. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Note: For VAB countries, gross value added at factor cost is used as the denominator.

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 Related indicators Latest Reference Measure
 Share of industry 31.56 2023 percent
 Share of manufacturing 20.06 2023 percent
 Share of services 58.65 2023 percent
 Industry value added 564.63 2023 billion U.S. dollars
 Manufacturing value added 358.92 2023 billion U.S. dollars
 Services value added 1,049.32 2023 billion U.S. dollars
 Savings, percent of GDP 19.68 2023 percent
 Savings, in dollars 351.44 2023 billion U.S. dollars
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