The forecast for construction output in Mexico from 2024 to 2028 shows a steady growth trajectory. Starting from a value of 3.3743 trillion Mexican Pesos in 2024, the output is projected to rise consistently, reaching 3.806 trillion Mexican Pesos by 2028. This indicates a positive year-on-year growth trend, with an average annual increase (CAGR) of approximately 3.78% over the five-year period. In 2023, the construction output stood at 3.265 trillion Mexican Pesos, reflecting a strong base for the forecasted growth.
Future trends to watch for include:
- Investment in infrastructure and residential projects driven by government policies and private sector initiatives
- Impact of macroeconomic factors such as inflation, interest rates, and foreign direct investment
- Technological advancements in construction methodologies and materials
- Environmental regulations and adoption of sustainable construction practices
- Potential influence of global economic conditions on local construction activities.
