Mexico Construction Industry Report 2022: Mexico Expanded by 7.2% in Real Terms in 2021 Following a Sharp Contraction of 17.6% in 2020 - Forecast to 2026 - ResearchAndMarkets.com
The construction industry in Mexico expanded by 7.2% in real terms last year, following a sharp contraction of 17.6% in 2020.
- The construction industry in Mexico expanded by 7.2% in real terms last year, following a sharp contraction of 17.6% in 2020.
- The industry's growth in 2021 was supported by an improvement in the domestic economy, the re-opening of key industries and progress in the country's vaccination drive.
- The industry is expected to expand by 5.4% in real terms this year, before stabilizing to an annual average growth rate of 2.3% between 2023 and 2026.
- Despite recovering from the sharp contraction witnessed in 2020, the Mexican construction industry is only expected to return to pre-pandemic levels by 2025.