Which of Mexico’s states have the fastest growing economies? The map below, based on INEGI data, shows each state’s percentage change in GDP for the three year period from 31 March 2011 to 31 March 2014.
Only one state – Campeche – registered “negative growth” over the period. In Campeche, production from the oil fields that have long been a mainstay of the local economy has been gradually declining.
Besides Campeche, six states grew far slower than the average for Mexico: Durango, Veracruz, Tabasco, Chiapas and Guerrero. Not entirely coincidentally, several of these states are among the poorest in the nation, so their failure to grow as quickly as the average leaves them further behind, increasing the economic inequalities that plague Mexico’s development.
At the other end of the spectrum, the economic growth of six states – Sonora, Chihuahua, Aguascalientes, Guanajuato, Michoacán and Querétaro – easily outpaced the average for the country. Sonora, Chihuahua, Guanjuato, Querétaro, and to a lesser extent Aguascalientes, all benefited from foreign direct investments and new industries, such as those involved in the vehicle manufacturing and aeronautical sectors.
The case of Michoacán is something of an anomaly, since that state’s economy is still heavily dependent on primary products such as avocados and iron ore. The positive growth in that state may prove to be mainly due to its negative growth in the preceding three years (2008-2011), which meant that it started the three year period shown on the map at an unusually low level. Perhaps more importantly, given the state’s recent political upheavals and gang-related violence, it is highly unlikely that Michoacán will continue to grow anywhere as quickly over the next three years.
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- Mexico’s position among the world’s largest economies: 1900 to 2008
- Connections between the Economic Complexity Index and Mexico’s GDP growth
- Mexico’s North-South economic divide weakens slightly in 2009
- Where are the wealthiest households in Mexico?
- Mexico’s annual GDP/person now stands at $16,463 (Sep 2014)
- The spatial distribution of Mexico’s GDP (Dec 2012)
2 Responses to “Which states are growing fastest?”
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Outstanding report! Can you provide a “post” pertaining to the kidnapping issues within the country and what percentages of the kidnappings are attributed to the drug cartels. It would be beneficial if you could include the laws and penalties for those apprehended and sentenced for kidnapping.
Thank you for a job well done
Aaron H. Sanchez
Thanks for your kind words; always nice to know that someone is reading our posts!
The available data on kidnappings etc. is almost entirely very low quality (decidedly suspect!), but if we ever find suitable data, we will certainly post something about kidnapping rates and associated matters.