The Mexican industrial gas market is currently the third largest market in North America, behind Canada and the United States. Over the course of the last decade industrial gas revenues have grown at a healthy rate of 2.7%.
Between 2005 and 2015 nominal GDP grew by an average of 3.0% p.a. or 2.3% when adjusted for inflation. The rate of GDP growth has been low but steady over the course of the last decade. There was a decline during the worst year of the financial crisis, however this was followed by an immediate recovery and reasonable growth in the following years.