Mexico’s GDP plummeted during April by 19.9% compared to the same month in 2019, according to data released by Mexico’s National Institute of Statistics and Geography (INEGI) on Friday.
The reduction of activity in the industrial and service sectors due to the Covid-19 pandemic highly impacted the country’s GDP in April when compared to 2019, says the report released by Mexico’s INEGI.
The main economic sectors affected are:
- Industry by 25.1%
- Services by 14.4%
- Agriculture by 6.4%
Mexico reported 6,104 new coronavirus cases on Thursday, the second-highest daily case rise reported in the country, bringing the total number of cases to at least 202,951.
Mexico’s Health Ministry also reported 736 new deaths, bringing the country’s death toll due to coronavirus to more than 25,000.