In the Media and Entertainment sector in Mexico, from 2013 to 2023, the Gross Value Added (GVA) has shown notable fluctuations. From 2013 through 2019, prior to the pandemic, the GVA experienced a steady increase with an average year-on-year growth ranging from 0.58% to 9.02%. In 2020, the sector saw a significant decline by 37.22% due to the impacts of the pandemic. Subsequently, in 2021, a partial recovery was observed with a 27.79% increase, followed by a substantial recovery in 2022 with a 44.92% increase. However, in 2023, the GVA decreased by 11.47%, standing at 99.08 billion Mexican Pesos. The five-year CAGR from 2018 to 2023 was relatively modest at 0.7%.
Future GVA forecasts for the period 2024 to 2028 anticipate a moderate but steady growth, with a five-year CAGR forecast of 2.2%, leading to a total growth rate of 11.49% by 2028. Key trends to watch for include the effects of digital transformation, increased consumption of streaming services, and the impact of economic recovery post-pandemic. The sector’s ability to adapt to technological advancements and evolving consumer preferences will be critical for sustained growth.
