Home Headlines Querétaro, the Mexican state with more economic growth in 2015

Querétaro, the Mexican state with more economic growth in 2015

by sanmigueltimes
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According to the National Institute of Statistics and Geography (INEGI – Instituto Nacional de Estadística y Geografía), in 2015 the states of Querétaro, Baja California, Guanajuato and Baja California Sur reported the highest rates of annual economic growth, while the only four states that reported declines were: Campeche, Chiapas, Guerrero and Tabasco.

During 2015, the national total of Gross Domestic Product (GDP) showed an annual growth of 2.5% in real terms in relation to 2014.

When INEGI presented the GDP’s results (by state in 2015), noted that 16 of the 32 states showed increases above the national average.

In fact, the Queretaro’s Gross Domestic Product showed an increase of nearly 7.7%, Baja California 7.0%, Guanajuato 6.4% and Baja California Sur with 5.5%.

Other states are San Luis Potosí with 5.4%, Sinaloa with 5.0%, Chihuahua with 4.8%, Jalisco and Quintana Roo with 4.7% each, Nayarit with 4.4%, Nuevo Leon with 4.3%, Yucatan with 4.0%, Tlaxcala, Aguascalientes and Hidalgo with 3.9%, Zacatecas with 3.4% and Mexico City with 2.5%.

The rest of the states showed increases lower than the national average, highlighting the annual declines of Campeche (6.6%), Chiapas (3.3%), Guerrero (0.3%) and Tabasco (0.14%).

The agency reports that in these states, which were the only ones with a drop in their annual GDP in 2015, their behavior is mainly associated with less dynamism of the so called secondary sector (oil industry).


Querétaro state is growing faster than the rest of the economy (Google)

On the other hand, it indicates that in 2015 the total Gross Domestic Product at basic prices resulted in 17,1 billion pesos.

The states of Mexico City (16%), Estado de México (9.5%), Nuevo Leon (7.5%), Jalisco (6.8%), Veracruz (5.0%), Guanajuato %), Puebla (3.2%) and Tamaulipas (3.1%) have contributed 60% of the national GDP to basic prices in 2015.

Last year, State of Mexico, Mexico City, Nuevo León, Jalisco, Veracruz, Guanajuato, Puebla, Tamaulipas and Baja California contributed with an important part of the total national GDP, in relation with what is called in Mexico “tertiary activities” (trade and services), with an average of 64.3% of the total product of these activities.

Besides, in the “secondary activities” (industrial sector), the main contributions were those of the State of Mexico, Nuevo León, Jalisco, Campeche, Guanajuato, Coahuila, Mexico City, Veracruz, Sonora, Tabasco, Tamaulipas, Baja California and Chihuahua with 71.6% .

In addition, Jalisco, Michoacán, Sinaloa, Veracruz, Chihuahua, Sonora, Guanajuato, Puebla, State of Mexico, Chiapas, Durango and Baja California accounted for 69.6% of GDP in primary activities (agriculture, forestry, fishing and hunting).

Source: http://www.economiahoy.mx/

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