Description
Mexico Nominal Gross Domestic Product (GDP) in US Dollars is compiled and released by the National Institute of Statistics and Geography (Instituto Nacional de Estadística y Geografía, INEGI). It measures the total market value of all final goods and services produced within Mexico during a specific period, expressed in current US dollars. This indicator is used to assess the size and health of the Mexican economy. A higher Nominal GDP suggests a larger and potentially more prosperous economy, while a lower Nominal GDP might indicate economic challenges.
Nominal GDP is calculated by summing the market value of all final goods and services produced within Mexico during a given period without adjusting for inflation. These figures are then converted to US dollars using the current exchange rate.
The data is updated quarterly and is typically released within two months of the end of the quarter.