GDP of Radio and Television subsector in Mexico grew 4% in 2015 according to the Inegi

 

The Federal Telecommunications Institute (IFT) of Mexico reported that the Gross Domestic Product (GDP) of the Radio and Television subsector grew 4% in 2015, according to the National Institute of Statistics and Geography (Inegi) of that country.

 

The Mass Media Information sector, of which the mentioned subsector represents 10%, achieved a growth of 18.9% during the fourth quarter of 2015, compared to the same period of 2014. The Radio and Television subsector grew 2.5% in this same period.

 

The remaining 90% corresponds to the Telecommunications subsector (fixed and mobile telephony and Internet), which had the best performance, with a 20.9% growth during the last quarter of 2015, and which accounted for 3.4% of Mexico’s GDP.

 

According to the Third Statistical Quarterly Report of 2015 conducted by the IFT, the telecommunications and broadcasting sectors contributed in 2015 to 3.2% of the national GDP by generating a record maximum of USD 23.9 million, ranking tenth nationwide according to the North American Industry Classification System (NAICS). This corresponds to an average annual growth over the past five years of 6.9%.

 

The IFT registered 17.4 million Pay-TV subscribers, which represent more than 437,000 new accesses and a 11% increase compared to 3Q 2014. In addition, the industry reached a 53% penetration in households in that country, an annual growth of 6%.