The fixed investment in machinery and equipment and weapon systems in Mexico increased markedly from 2013 to 2018, with some slight setbacks in 2019 and 2020. The actual value in 2023 stood at 2.7419 trillion Mexican Pesos. Over the last two years, year-on-year variation reflected a significant increase, with 2022 seeing substantial growth at 16.67% and 2023 growing at a moderate 3.34%. The last five years present a relatively stable trend with a modest average annual growth rate (CAGR) of 2.39%.
Future forecasts from 2024 to 2028 indicate steady growth in this sector, with the investment value expected to reach 3.1791 trillion Mexican Pesos by 2028. The forecasted five-year CAGR is 2.35%, leading to an anticipated overall increase of 12.29% during this period.
Trends to Watch For:
- Possible impacts of global economic conditions on Mexico's investment in machinery and equipment.
- Technological advancements driving more efficient and cost-effective investments.
- Government policies and fiscal measures affecting defense and industrial investments.