The production of employment services in Mexico has shown a general upward trend from 2013 to 2023, with a value of 729.81 billion Mexican Pesos in 2023. The sector experienced various year-on-year fluctuations, with notable peaks in growth rates in 2016 and 2017 at 7.31% and 8.56%, respectively. The COVID-19 pandemic caused a contraction in 2020 (-1.73%), but the industry rebounded by 8.7% in 2021. Looking at the last two years, the growth rates were 3.1% in 2022 and 2.94% in 2023. The CAGR over the past five years stands at 2.95%. Future projections suggest continued growth, with the forecasted CAGR for the next five years at 2.19%, indicating stable yet moderate improvements in the industry.
Trends to watch for include technological advancements in employment services, economic recovery post-COVID-19, and potential regulatory changes impacting the sector. These factors will likely shape the trajectory of the production of employment services in Mexico going forward.
