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The GDP growth rate in the context of the World Development Indicators (WDI) refers to the annual percentage increase or decrease in a country's Gross Domestic Product (GDP), adjusted for inflation. The WDI is a comprehensive database maintained by the World Bank that tracks various economic, social, and environmental development indicators across the globe.
Key Takeaways
Mexico GDP Growth Rate (1961-2023)
Mexico’s economic growth from 1961 showcases both resilience and vulnerability. The 1960s and 1970s saw rapid industrialization, reaching 11.9% in 1964. However, the debt crisis of the 1980s led to contractions, and growth remained volatile. The 2008 financial crisis caused a steep decline, but the economy rebounded, reaching 5% in 2010. The pandemic induced a sharp contraction in 2020, but by 2023, growth had stabilized around 3.2%, driven by manufacturing and exports.
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