In 2023, the composition of Mexico's GDP highlighted a strong dominance by the services sector at 34.78%. The industrial segment, comprising mining, manufacturing, and utilities, accounted for 23.38%, while wholesale, retail trade, restaurants, and hotels contributed 22.17%. Transport, storage, and communication represented 8.19%, construction stood at 7.92%, and agriculture, hunting, forestry, and fishing accounted for 3.58%. Over the past two years, these sectors exhibited diverse growth patterns. The services and industrial sectors showed moderate increases, while trade-related activities experienced fluctuating growth. The 5-year CAGR across most sectors indicated stable growth trajectories.
Future trends to watch include technological advancements influencing the services sector and potential shifts in trade dynamics affecting retail and transport sectors. Attention should also be paid to sustainability factors impacting agriculture and construction, as well as evolving policies in the mining and manufacturing industries.
Top countries in GDP Composition by Sector
| # | 6 Countries | Percent | Last Year | |
|---|---|---|---|---|
| 1 | 1 Services | 34.78 | 2016 | |
| 2 | 2 Mining, Manufacturing, Utilities | 23.38 | 2016 | |
| 3 | 3 Wholesale, retail trade, restaurants and hotels | 22.17 | 2016 | |
| 4 | 4 Transport, storage and communication | 8.19 | 2016 | |
| 5 | 5 Construction | 7.92 | 2016 | |
| 6 | 6 Agriculture, hunting, forestry, fishing | 3.58 | 2016 |
