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Non-financial companies contribute 46% of GDP: Inegi – El Sol de México

During the second quarter of the year, The country’s non-financial companies contributed 46 percent of the Gross Domestic Product (GDP), according to the National Institute of Statistics and Geography (Inegi).

The item reported by Inegi groups all companies dedicated to the generation of goods and services, such as stores, small businesses, hospitals, recreational servicesamong others.

For the reference period, The Mexican economy as a whole grew 3.4 percent at an annual rate and 0.9 percent compared to the previous quarter.

After non-financial companies, Inegi reported that Households contributed 34.1 percent of all GDPfollowed by federal government, with 7.5 percentor, and financial companies with 5.9 percent.

The rest of the country’s growth was generated by non-profit institutions and by taxes on products net of subsidies, according to the agency.

At the end of the year, the Ministry of Finance and Public Credit (SHCP) expects that the national economy grows up to 3.6 percent as a result of the arrival of foreign companies and greater private consumption.

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According to Gabriel Yorio González, Undersecretary of the Treasury, currently the country has a “growth floor” of 3.3 percent.

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