Although the Mexico City Grand Prix has been surrounded by debate and even threatened to disappear a few years ago, it has now established itself as one of the most profitable sports businesses in the country. Formula 1 celebrates 10 years since its return to the Mexican capital, with an economic impact that already exceeds 152 billion pesos.
Since the top category of motorsports returned to the Autódromo Hermanos Rodríguez in 2015, the so-called “Gran Circo” has left a profound impact on hotels, restaurants, businesses, and tourism services. Added to this is the participation of sponsoring brands and the promotion of the “Checo” Pérez phenomenon, first with Red Bull and soon with Cadillac.
According to figures from the Ministry of Tourism and the Inter-American Entertainment Corporation (CIE), the first edition in 2015 generated an income of 8.649 billion pesos. For this year’s race, the National Chamber of Commerce, Services, and Tourism of Mexico City (Canaco CDMX) estimates that the economic impact will exceed 20.892 billion pesos, more than double in a decade.
Overall, the business surrounding Formula 1 has contributed 152.799 billion pesos to the Mexican economy, according to official data.
The Mexican Grand Prix was on the verge of being dropped from the calendar in 2019, when then-head of government Claudia Sheinbaum warned that the federal government would no longer contribute the 400 million pesos annually earmarked to fund the event.
After months of uncertainty, an agreement was reached in August of that year to keep the race in Mexico, thanks to the creation of a trust made up of businesspeople who contributed the necessary resources.
I would like to deeply thank Dr. Claudia Sheinbaum and the Mexico City Government for recognizing the social and economic value of Formula 1 and for bringing together business leaders to complete the necessary investment for the event,
said Alejandro Soberón, CEO of CIE.
In May 2025, it was confirmed that the Mexico City Grand Prix will remain on the Formula 1 calendar until 2028, following a new agreement between the Mexico City Government, Formula 1, and CIE.
We are very pleased to announce the renewal of this major sporting event. The Mexican Grand Prix is one of the races that generates the most resources, attracts the most tourists, and where motorsports is experienced with great passion,
said the Head of Government, Clara Brugada.
The official added that the goal is to continue increasing the economic impact and attendance in the coming years, consolidating the Grand Prix as one of the most important cultural, sporting, and tourism events in the Mexican capital.
Source: elceo
