Between 2013 and 2023, the crude petroleum and natural gas extraction output in Mexico showed significant fluctuations. After a consistent decline from 2013 to 2016, the output experienced a sharp recovery in 2017 and continued to grow modestly until 2020. However, 2020 marked a significant drop followed by a moderate recovery in the subsequent years. As of 2023, the output stood at 0.84715 trillion Mexican pesos.

Future Trends to Watch For:

From 2024 to 2028, the output is forecasted to grow steadily with an average annual growth rate (CAGR) of 2.83%.
The forecasted 5-year growth rate indicates a cumulative increase of 14.98%, suggesting a positive outlook for Mexico's petroleum and natural gas extraction sector.
Potential impacts of global oil prices, domestic energy policies, and technological advancements should be closely monitored as they could influence future outputs.