The value of transferable deposit accounts held by non-banks in Mexico has shown fluctuating yearly trends. After a peak in 2013, the value decreased till 2016. However, from 2017 onward, the trend has been generally positive. Standing at 189.86 Billion US Dollars in 2023, the value has seen a slow but steady increase with a year-on-year variation of 1.45%. The average annual growth rate over the last five years (CAGR) has been 1.55%. Forecasts predict a continued upward trend, with a forecasted 5-year CAGR of 1.03% and an expected value of 202.6 Billion US Dollars by 2028.
Future trends to watch for:
- Impact of economic policies on banking regulations.
- Technological advancements enhancing banking efficiencies.
- Changes in non-bank financial institutions' market strategies.
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