Private Consumption in Mexico
Mexico's economy recorded an average growth rate of 1.7% in private consumption over the decade to 2022, below the 1.8% Latin America average. In 2022, private consumption growth was 6.2%. For more private consumption information, visit our dedicated page.
Mexico Private consumption Chart
Note: This chart displays Private Consumption (annual variation in %) for Mexico from 2020 to 2024.
Source: Macrobond.
Mexico Private consumption Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Private Consumption (ann. var. %) | -10.0 | 8.6 | 4.8 | 4.2 | 2.7 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Mexican private consumption projections for the next ten years from a panel of 25 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable private consumption forecast available for Mexican private consumption.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Mexican private consumption projections.
Want to get access to the full dataset of Mexican private consumption forecasts? Send an email to info@focus-economics.com.