Home Business-newBusiness Yucatán is one of the economies that grew the most in the country

Yucatán is one of the economies that grew the most in the country

by Yucatan Times
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According to Inegi, the state is in the third place with the highest economic growth in Mexico; Q. Roo and Campeche occupy first and second place, respectively.

Yucatán was included among the five economies that grew the most in 2023, with 5.5 percent. And for the first time in a decade, the 3 states of the Peninsula include Quintana Roo, first place nationally with 10.7 percent, and Campeche, 5.3 percent. The results of the State Economic Activity Indicator (Itaee) of the National Institute of Statistics and Geography (Inegi) revealed the list of the 10 states of the country where their economy grew last year.

The list was as follows: Quintana Roo 10.7 percent, Aguascalientes 6.7 percent, Yucatán 5.5 percent, Campeche 5.3 percent, Nuevo León 4.4 percent, Durango 4.4 percent, San Luis Potosí 4.2 percent, Sonora 4.2 percent cent, Querétaro 4.0 percent and Chiapas 3.7 percent.

The Itaee highlighted that Yucatán was placed in third place on the list of the entities with the highest growth, factors such as: tourism, foreign investment, relocation of companies, employment recovery after the pandemic, state investments in infrastructure and the development of electric power plants and the development of the railway, are positive factors that were reflected on the economy with growth close to 6 percent.

Likewise, 20 entities achieved variations in a range of 2 to 6 percentage points: Aguascalientes, Campeche, Tabasco, Sonora, Colima, Hidalgo, Durango, Mexico City, Querétaro, Michoacán, State of Mexico, Nuevo León, Baja California , Chihuahua, Veracruz, Morelos, Baja California Sur and Jalisco. Only three states recorded a drop in their economic activity, the largest decrease was that of Tamaulipas, of minus 1.0 percent, Zacatecas with a variation of minus 0.9 and Nayarit minus 0.1 percent.

The report detailed that three states that supported the growth of their economy last year report divergent conditions, in Oaxaca second in the country with the highest growth, tourism, public investment and social programs influenced the state economy. However, there are reports that apply to the population growth gap due to historical lags, in the case of working poverty affecting 58.7 percent and the informality rate of 75.5 percent, the highest in the country.

Among the three states with the highest economic growth in 2023, he noted that an intermediate point is San Luis Potosí, due to the conditions of its economy and its regional participation; The economist elaborated on the impact that the relocation of investments and the development of manufacturing has in this area.

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