The Gross Value Added (GVA) for Computer Programming and Consultancy Services in Mexico has shown distinct fluctuations from 2013 to 2023. As of 2023, the GVA stands at 35.35 Billion Mexican Pesos. The sector experienced fluctuations with notable growth spurts, such as a 12.21% increase in 2022. Over the past five years, the Compound Annual Growth Rate (CAGR) has averaged around 4.62%, indicating moderate growth.
Year-on-year, the percentage variations highlight periods of both growth and decline. The 2013 to 2019 period exhibited robust growth with varying annual increases. However, the value dipped by -4.39% in 2020, likely influenced by the global pandemic, before recovering with a 7.02% increase in 2021. Future growth is expected to slow down, with a forecasted 5-year CAGR of 1.9% and a total growth rate of 9.89% by 2028.
Future trends to watch for include the increasing digitization of economies, growth in cloud computing, and data analytics services. The demand for cybersecurity solutions due to the rising number of cyber threats will also impact this sector's GVA positively.
