Services Sector Contribution to GDP in Mexico (1990-2022)

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 59.7% in 1990 to 61.8% in 1992, partly due to liberalization and NAFTA's implementation, which stimulated growth in trade-related services. A dip to 56.8% in 1997 followed economic adjustments and currency instability. The sector saw steady growth from 2002, reaching 60.5% 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 57.6% in 2022, influenced by the pandemic's impact on travel and services-related industries.