lunes, 21 de febrero de 2011

GDP in 2010

Mexico’s GDP shot up 5.5% in 2010, measured on a year-over-year basis). Although GDP did not recover its pre-crisis high last year, it came much closer than expected. The Mexican economy should surpass its pre-crisis high by the middle of this year. GDP rose in each quarter of 2010. 

The US uses another methodology for measuring GDP growth rates. The US headline growth figure annualizes the change in GDP versus the previous quarter instead of measuring against the same quarter of the previous year. This methodology better captures changes in the economy’s direction. The year-over-year comparison better portrays how the economy looks compared to a year earlier. 

Mexico’s GDP climbed 5.1% in Q4 using the US reporting methodology. The primary division grew 4.6% while the secondary division grew 5.3%. The tertiary division rose 5.0%. 

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