The passenger transport employment in Mexico displayed a steady upward trend from 2013 to 2019. An exception occurred in 2020, with a significant decline of 12.01% attributed to the global pandemic. The sector rebounded in 2021 with an 8.12% increase and continued to grow steadily through 2023, reaching 602.35 thousand employees. The 5-year CAGR up to 2023 was 0.9%, showcasing moderate growth. Projections from 2024 to 2028 indicate a continued upward trajectory with a forecasted 5-year CAGR of 0.86%, culminating in 635.74 thousand employees by 2028.
Future trends to watch include:
- Technological advancements in transportation that could increase efficiency and employment.
- Government policies and infrastructure investments affecting sector growth.
- Potential impacts of global economic conditions on passenger transport demand.