The labor costs in sports activities, amusement, and recreation activities in Mexico are forecasted to grow steadily from 2024 to 2028, starting at 11.62 billion Mexican Pesos in 2024 and reaching 12.62 billion Mexican Pesos by 2028. Compared to 2023, where labor costs stood at 11.38 billion Mexican Pesos, this marks a year-on-year variation of approximately 2.1% in 2024. The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is estimated to be around 2.1%.
Future trends to watch for include:
- Potential impact of technological advancements and automation on labor costs.
- Changes in consumer behavior and demand for recreational activities influencing labor needs.
- Economic factors such as inflation and currency fluctuations affecting overall labor expenditures.