From 2013 to 2023, the value added of business services in Mexico has shown a consistent upward trend, growing from 7.9274 trillion to 13.471 trillion Mexican Pesos. The compound annual growth rate (CAGR) over this 10-year period was about 4.68%. During the last two years, yearly growth rates have slightly declined from 3.35% in 2022 to 3.18% in 2023.

Key trends to note:

Initial growth rates were more robust, with yearly increases generally above 5% from 2013 to 2017.
Post-2018, the growth rate began to slow, stabilizing around 3-4% in recent years.
By 2023, the value added reached 13.471 trillion Mexican Pesos.

Future trends to watch:

Forecasted growth from 2024 to 2028 suggests more moderate increases with a 5-year CAGR of 2.14% and a total growth rate of 11.15%.
The sector may experience incremental advancements due to technological innovations and increased efficiency measures.
Potential risks include economic fluctuations and regulatory changes which could impact growth stability.