The Sports Activities, Amusement, and Recreation Activities Gross Value Added (GVA) in Mexico demonstrated various trends over the past decade. From 2013 to 2018, there was consistent growth, characterized by compounding annual growth rates (CAGRs) hovering around 5%-6%, showcasing a robust industry. However, in 2019 a slight decline began, followed by a substantial negative impact in 2020 with a 40.79% year-on-year drop attributed to the COVID-19 pandemic. Recovery started in 2021 with a 31.82% rise, peaking in 2022 with a 47.41% increase before declining again in 2023 by -12.71%, where the GVA stood at 44.86 Billion Mexican Pesos.
Looking forward, forecasted data from 2024 indicates a gradual increase with a forecasted 5-year CAGR of 1.89%, projecting the GVA to reach 50.55 Billion Mexican Pesos by 2028. The growth rate over this period is estimated to be 9.84%.
Future trends to watch for include:
- The impact of inflation and economic stability on discretionary spending in sports and recreation.
- Advancement in digital and virtual experiences augmenting traditional recreational activities.
- Government policies and investments in recreation infrastructure.
- COVID-19 aftermath and ongoing public health strategy adaptations.
- Consumer preferences shifting towards sustainable and wellness-oriented recreational activities.
