The contribution of the Wholesale, Retail Trade, Restaurants, and Hotels sectors to Mexico's GDP has shown a consistent upward trend from 19.73% in 2013 to 23.43% in 2023. This steady increase reflects an overall healthy growth over the past decade. The yearly variance from 2022 to 2023 was 0.95%. The Compound Annual Growth Rate (CAGR) over the past five years stands at 0.67%, indicating stable and sustained growth. Forecasts suggest this sector will contribute 24.44% to GDP by 2028, reflecting a growth rate of 3.38% over the next five years. The forthcoming period suggests a continued positive growth trajectory.
Future trends to watch for include the impact of digital transformation on retail, a potential rise in tourism boosting hotels and restaurants, and an increase in consumer spending as the middle class expands. Monitoring these shifts will be crucial for understanding their effects on GDP contribution in the coming years.
