Inegi: Two-Thirds of Mexico’s 2024 GDP Came From 11 States as Growth Varied Sharply

Overview

• Eleven states generated 66.7% of output, led by Mexico City (15%), State of Mexico (9.1%), Nuevo León (8.1%) and Jalisco (7.5%), underscoring persistent geographic concentration.
• National GDP rose 1.4% in real terms to about 33.5 trillion pesos, with 22 states expanding, nine contracting and Baja California posting no significant change.
• Oaxaca grew 5.4% to lead all states, followed by Zacatecas (4.9%), Durango (4.7%), Guanajuato (4.0%) and Yucatán (3.9%), with analysts linking Oaxaca’s surge to federal Transístmico spending.
• Campeche (-6.9%), Tabasco (-6.5%) and Quintana Roo (-3.9%) recorded the steepest declines, and commentary ties the first two to lower Pemex oil production.
• Policy discussions highlight that concentration influences where better‑paid jobs and investment flow, while fresh state details show mixed sector impacts such as Sonora’s 0.5% drop on weaker agriculture and mining.