Forecast: Production of Business Services in Mexico

The production of business services in Mexico has demonstrated consistent growth from 2013 through 2023, standing at 17.85 trillion Mexican Pesos in 2023. This growth reflects a stable upward trend, with year-on-year variations peaking at 9.33% in 2016 and dipping to -1.43% in 2020. The compound annual growth rate (CAGR) over the last five years shows a deceleration from 7.73% in 2018 to 3.27% in 2023.

For the upcoming years (2024-2028), the production is forecasted to grow steadily by 12.3% overall, with a five-year CAGR of 2.35%. Although the growth rate is reduced compared to previous years, it remains positive and indicates ongoing expansion.

Future trends to watch for include:

  • Potential economic factors that could affect business service growth rates.
  • Technological advancements and their impact on business service productivity.
  • Changes in global trade policies affecting Mexico's business environment.
  • Emerging market opportunities and their influence on the business service sector.

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