The number of persons employed in business services in Mexico has shown a consistent upward trend from 2013 to 2023, with the 2023 figure standing at 16.32 thousand jobs. The year-on-year variations indicate steady but moderate growth, with the highest increase seen between 2016 and 2017 at 2.26%. Over the last two years, the growth rates have slowed down to around 1% annually. The Compound Annual Growth Rate (CAGR) over the last five years stands at 1.19%, reflecting a stable but slightly decelerating growth trend.
Future trends forecasted until 2028 suggest a continued but moderate increase in employment numbers in this sector, with a five-year CAGR of 0.73%. The overall five-year growth rate is projected to be 3.71%, indicating a steady expansion albeit at a slower pace than historical trends.
Future trends to watch for include the impact of technological advancements, automation, and AI on job creation in the business services sector. Additionally, the post-pandemic economic recovery and shifts in global supply chains due to geopolitical tensions could also play significant roles in shaping employment trends in this industry.
