The output value of legal, accounting, head offices, and management consultancy activities in Mexico has demonstrated a steady increase from 2013 to 2023, reaching 701.69 billion Mexican Pesos in 2023. This sector has shown resilience with yearly growth peaking in 2015 at a rate of 9.98% and maintaining strong growth in recent years, evidenced by a 9.25% increase in 2022 followed by a 6.48% rise in 2023. The compound annual growth rate (CAGR) over the last five years stands at 7%.
Forecasting into the future, this sector is expected to continue its upward trend, with an anticipated CAGR of 4.17% from 2024 to 2028, reflecting a 22.69% growth over this period and reaching an output of 914.02 billion Mexican Pesos in 2028.
Trends to watch for include:
- Increased demand for digital transformation and compliance services.
- Upsurge in corporate restructuring and advisory services post-pandemic.
- Expansion driven by legal and regulatory changes, and globalization.
