GDP during the second quarter of 2020 GDP declined 17.1 percent in real terms; exceeds the falls of 2009 and 2005
MEXICO CITY (Times Media Mexico) – According to the results of the Gross Domestic Product (GDP) made by the National Institute of Statistics and Geography (Inegi), the GDP had a real decline, to annual comparison, of 18.7 percent during the second quarter of the year (period April-June 2020), a historical figure.
Meanwhile, the Quarterly Gross Domestic Product decreased by 17.1 percent in real terms in that quarter of the year compared to the previous quarter, with figures adjusted for seasonality.
This means that during the first six months of 2020, GDP at constant prices registered a variation of (-)10.4 percent, compared to the same half of 2019.
In the historical context, the Gross Domestic Product’s annual contraction announced today by Inegi reveals that, during the confinement of 2020, it surpassed the previous falls of 2009-T2 (-7.7%) and 1995-T2 (-8.6%).
Moreover, in the GDP contraction observed during the confinement, it is necessary to go back ten years to observe the product’s same level.
GDP to the second quarter of 2020, Seasonally adjusted and trend series. Data from INEGI.
This index’s decrease is since Mexico suffered the most substantial health measures in the quarter due to the COVID-19 pandemic.
By components, the GDP of primary activities fell (-)2 percent, secondary activities (-)23.4 percent, and tertiary activities (-)15.1 percent in the April-June quarter of this year compared to the previous quarter.
In its annual comparison, secondary GDP fell by less (-)25.7 percent, tertiary GDP by less (-)16.2 percent, and primary GDP by less (-)0.2 percent in the same period.
more recommended stories
Nutrition and nursing professionals are being trained on the management of degenerative chronic diseases in Yucatan
Experts from PAHO and WHO give.
Elon Musk called Biden a ‘damp sock puppet in human form’
Elon Musk took a swipe at.
California governor details $10 billion plan to boost electric vehicle adoption
Back in 2020, California Governor Gavin.
CULTUR seeks that the Yucatan Siglo XXI be recognized as a 100% Smoke-Free Space
Among the innovative measures, to obtain.
Overworked horse collapses in Izamal, who should investigate?
Congressman admits that there is still.
Toyota extended its lead as the world’s top-selling carmaker last year
The Japanese giant said Friday (January.
This is the luxurious life of AMLO’s eldest son in Houston (MCCI)
José Ramón López Beltrán contradicts the.
Mexico has one of the three economies with the greatest lag
The United States, Canada, Brazil, and.
Yucatan to host Smart City Expo LATAM International Congress for a third consecutive year
It was also informed that, for.
Who was Federico Mazzoni, the Argentine manager murdered in Playa del Carmen Mamitas club?
The manager of Mamitas Beach Club,.