By Albert Figueras*
2025 is emerging as a key period for Mexico, influenced by the change of administrations after the 2024 elections in Mexico and the United States, which entails a political and economic environment with potential significant adjustments. The Ministry of Finance estimated in November that the Gross Domestic Product (GDP) will grow between 2% and 3%(1)while the Organization for Economic Cooperation and Development (OECD) projects a more conservative growth of just 1.2%(2).
Despite these moderate forecasts, Mexico has strategic sectors such as telecommunications, tourism and construction, which have demonstrated a notable capacity for resilience. These economic drivers not only drive recovery, but also continue to adapt to a globalized and technologically advanced landscape, offering important development opportunities.
The telecommunications sector, for example, has undergone a profound transformation, driven by significant investments in infrastructure that have improved digital connectivity and boosted business competitiveness. This evolution not only favors digital inclusion in underserved regions, but also opens new avenues for innovation and business growth in an increasingly interconnected world.
Tourism, for its part, continues its recovery after recent challenges, with an estimated contribution of 2% to the national GDP in 2024. The diversification of destinations and the growing interest in sustainable and cultural experiences have strengthened the sector, attracting both tourists international as well as national travelers. This dynamism not only generates foreign currency and employment, but also positions Mexico as a key destination on the global map of sustainable tourism.
In the field of construction, public and private infrastructure projects have maintained their relevance as generators of employment and regional connectivity. However, this sector is not exempt from structural challenges. Labor informality, which affects 54.3% of the Mexican workforce, represents a significant obstacle to economic stability and access to social rights and benefits. The formalization of employment and broader financial inclusion will be crucial to addressing this issue and fostering inclusive growth.
Looking to 2025, these sectors not only represent areas of opportunity, but also fundamental pillars to consolidate Mexico’s position as a strategic player in the North American corridor. With targeted investments, the strengthening of technological connectivity and a determined commitment to sustainability in tourism, the country has the possibility of achieving more solid and equitable growth.
In this context, collaboration between the public and private sectors will be essential. The banking sector, in particular, will play a crucial role in providing the financing necessary to drive key projects in these industries. Through innovative and sustainable financial solutions, the banking system can support companies to overcome current challenges and take advantage of future opportunities, contributing to the economic and social development of Mexico.
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*Albert Figueras is the CEO of Banco Sabadell in Mexico
The opinions expressed are solely the responsibility of their authors and are completely independent of the position and editorial line of Forbes Mexico.
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(1) Ministry of Finance. November 2024. The Ministry of Finance and Public Credit delivers the 2025 Economic Package to the H. Congress of the Union Recovered from https://www.gob.mx/cms/uploads/attachment/file/958201/Comunicado_No._68_La_Secretar_a_de_Hacienda_y_Cr_dito_P_blico_entrega_el_Paquete_Econ_mico_2025_al_H._Congreso_de_la_Uni_n.pdf
(2) OECD. (December, 2024). Retrieved from https://www.oecd.org/content/dam/oecd/es/topics/policy-sub-issues/economic-snapshot-pages/CN_MEX_ES_116.pdf
