INSUBCONTINENT EXCLUSIVE:
The tourism-related economy of Mexico witnessed a 7.3% annual growth in the first quarter of 2023, driven largely by the consumption and
services availed by foreign visitors.The National Institute of Statistics and Geography (Inegi) reported this on Friday.The rise of the
goods and 8.4% in services.Moreover, tourist consumption grew by 8% annually from January to March, with an increase of 6.4% internally and
13.7% from foreign tourists.Tourism during the pandemic
Q1 2023 compared to the previous quarter
This was due to a quarterly rise of 0.6% in goods and 0.1% in services.Foreign tourist consumption also increased by 0.4% quarterly, showing
tourism sector after the Covid-19 pandemic.The country received 10.06 million international tourists in Q1 2023, an annual increase of
17.3%, contributing to revenue of US$8.338 billion, a 23.1% increase.This economic growth is largely spurred by consumption.In 2022, Mexico,
and saw foreign exchange income amounting to US$26.346 billion, a rise of over 42% year-on-year.
