The Civil Engineering Gross Value Added in Mexico exhibited fluctuating trends over the past decade. Between 2013 and 2020, the sector saw periods of both expansion and contraction, with notable declines in 2016, 2017, and 2020. A recovery began in 2021, culminating in a significant spike of 22.28% in 2022 and continued strong growth by 15.92% in 2023, peaking at 281.5 billion Mexican Pesos in value.
Forecasts suggest robust growth from 2024 to 2028, with an expected 5-year CAGR of 7.98%. The projected continuous rise in Civil Engineering GVA is anticipated to reach 469.66 billion Mexican Pesos by 2028, reflecting an aggregate growth rate of 46.82% over this period.
Future trends to watch for include:
- Increased government and private investments in infrastructure development, including transportation and urban projects.
- Adoption of advanced construction technologies and sustainable practices.
- Potential economic and political factors that could impact funding and growth rates in the sector.
