Services sector value added to GDP in Mexico 2023

In 2023, the value added by the services industry to the gross domestic product in Mexico increased by 24.2 billion U.S. dollars (+3.06 percent) compared to 2022. Therefore, the value added in Mexico reached a peak in 2023 with 814.77 billion U.S. dollars.
Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources

Find more statistics on other topics about Mexico with key insights such as value added by the services industry to the gross domestic product, share of value added by the manufacturing industry to the gross domestic product, and value added to gross domestic product by the manufacturing sector.

Value added by the services industry to the gross domestic product (GDP) in Mexico from 2012 to 2023 (in billion U.S. dollars)

Characteristic	Value in billion U.S. dollars
2023	814.77
2022	790.56
2021	766.53
2020	729.89
2019	796.82
2018	793.86
2017	771.42
2016	752.66
2015	734.12
2014	712.55
2013	696.96
2012	685.22

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Release date

October 2024

More information

Region

Mexico

Survey time period

2012 to 2023

Special properties

Values in constant U.S. dollars based on 2015 prices

Supplementary notes

Data represents the value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling.
Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources.

The source does not provide a date of release, the date given is the one of last access.
Figures have been rounded.

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