Feb 24 • 06:05 UTC 🇲🇽 Mexico El Financiero (ES)

The good news... that could evaporate

The recent PIB figures for 2025 from INEGI reflect modest economic growth and highlight a sectoral imbalance in Mexico's economy, with services thriving while industry struggles.

The latest GDP figures released by INEGI for 2025 indicate that Mexico experienced modest economic growth of only 0.8%. While the economy narrowly avoided a technical recession, the data exposes a significant shift in the internal structure of the economy. The service sector, which encompasses trade and services, proved resilient, contributing positively to growth, compensating for the decline in the industrial sector, which faced challenges during the year. The agricultural sector provided unexpected gains, adding complexity to the economic narrative.

The breakdown of economic contributions by sector reveals that the tertiary sector is the predominant driver of Mexico's economy, accounting for an impressive 63.7% of the total value added in the fourth quarter, significantly outperforming the secondary sector, which only contributed 31.8%, and the primary sector at a mere 4.5%. The year 2025 saw growth rates of 1.4% in tertiary activities, 3.7% in primary activities, while secondary activities saw a negative growth of -1.1%. This shows a stark contrast and potential vulnerability within the economic structure, heavily reliant on services.

In light of these figures, there is a growing concern about the sustainability of this growth pattern. The service sector's growth is not only vital for economic stabilization but also raises questions about the long-term health of industrial and agricultural outputs. Policymakers are urged to target growth in lagging sectors, address economic disparities, and ensure balanced development to prevent the economy from becoming overly dependent on services, which could lead to challenges if the sector faces downturns in the future or if external economic conditions change.

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