In 2023, the household expenditure on transportation in Mexico stood at 3.708 trillion Mexican Pesos. This figure is set to rise steadily, reaching forecasted values of 3.8228 trillion MXN in 2024, 3.9398 trillion MXN in 2025, 4.0556 trillion MXN in 2026, 4.1703 trillion MXN in 2027, and 4.2838 trillion MXN in 2028.
Year-on-year variations indicate a consistent growth trend: - From 2023 to 2024, a 3.1% increase.- From 2024 to 2025, a 3.1% increase.- From 2025 to 2026, a 2.9% increase.- From 2026 to 2027, a 2.8% increase.- From 2027 to 2028, a 2.7% increase.
The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is estimated at 2.9%, reflecting a stable upward trend in household transportation expenditure over the forecast period.
Future trends to watch for include potential impacts of economic shifts, changes in fuel prices, advancements in transportation technology, and government policies promoting sustainable transportation options. These factors could significantly influence household transportation expenditures in Mexico.
