The data indicates that spending on motorway infrastructure maintenance in Mexico has seen significant fluctuations over the years. In 2013, the spending stood at 151.36 million euros, and by 2023, it increased to 567.51 million euros. The spending reached its peak in 2015 at 533.02 million euros, followed by a notable drop in 2016 and 2017. However, from 2018 onwards, spending exhibited variability but generally trended upwards, with a sharp dip occurring in 2020 due to a possible economic downturn or reallocation of resources, and then sharply rebounding in subsequent years. From 2024 onwards, spending is forecasted to continue increasing, reaching 732.52 million euros by 2028.
The year-on-year variation displayed significant peaks and troughs, illustrating economic or policy shifts affecting infrastructure budgets:
- Notable high growth: 2015 (178.22%), 2021 (106.97%)
- Deep declines: 2016 (-21.16%), 2020 (-65.36%)
The five-year compound annual growth rate (CAGR) reflects an overall growth trend, despite yearly fluctuations:
- Last 5-year CAGR: 8.6% (up to 2023)
- Forecast 5-year CAGR: 4.03% (up to 2028)
- Forecast 5-year growth rate: 21.85%
Future trends to watch for:
- Government policy changes, infrastructure funding, and priorities
- Economic factors, such as GDP growth or recession risks
- Technological advancements in construction and maintenance techniques
- Climate change impacts requiring adaptation and increased maintenance needs
