Household expenditure on housing, water, and energy in Mexico has shown an upward trend over the years. In 2023, it stood at 3.8355 trillion Mexican Pesos. From 2021 to 2023, the year-on-year variation was high, indicating increasing spending in this sector, with a significant surge of 15.07% in 2021, followed by moderated increases of 8.63% in 2022 and 5.28% in 2023. The 5-year CAGR leading up to 2023 was 6.57%, reflecting consistent growth.
Looking ahead, the forecast from 2024 to 2028 indicates continued growth in household expenditure, though at a slower average annual rate. The forecasted 5-year CAGR stands at 3.67%, with an overall growth rate of 19.77% across this period. By 2028, the expected expenditure is projected to reach 4.8387 trillion Mexican Pesos.
Future trends to watch for include potential impacts of economic policies, inflation rates, and technological advancements in energy efficiency which could influence household spending in this sector. Additionally, any significant changes in housing policies or water resource management could alter the forecasted expenditure trajectory.
