The forecast for the Accommodation and Food Services Gross Value Added (GVA) in Mexico shows a consistent upward trend from 2024 to 2028, beginning at 628.64 billion Mexican Pesos in 2024 and rising to 697.5 billion Mexican Pesos by 2028. In 2023, the actual GVA stood at 611 billion Mexican Pesos.
Year-on-year variations indicate growth rates of 2.82% from 2024 to 2025, 2.68% from 2025 to 2026, 2.58% from 2026 to 2027, and 2.50% from 2027 to 2028. Over the last two years (2023 to 2025), the average annual growth rate is 2.56%, while the compound annual growth rate (CAGR) from 2023 to 2028 is estimated at approximately 2.67%.
Future trends to watch for include potential impacts of global economic fluctuations, technological advancements in the food and accommodation sector, and changes in tourism patterns. Monitoring these factors will be crucial for anticipating shifts in growth rates.
