Mexico's services sector experienced fluctuations in its contribution to GDP from 1990 to 2022, with notable shifts influenced by economic events and policy changes. The sector's share rose from in 1990 to in 1992, partly due to liberalization and NAFTA's implementation, which stimulated growth in trade-related services. A dip to in 1997 followed economic adjustments and currency instability. The sector saw steady growth from 2002, reaching in 2009 amid financial crisis effects that shifted focus to domestic consumption. Post-2009, the services sector remained strong, reflecting stability and tourism growth, although it saw slight declines in recent years, reaching in 2022, influenced by the pandemic's impact on travel and services-related industries.
Find out more through related statistics on Mexico’s industry sector share in GDP, Mexico’s military personnel proportion, Mexico’s mortality rate trend.
