Economics: Snapshot by State

MEXICO - Report 17 Jun 2015 by Mauricio González and Ernesto Cervera
Executive Summary The economies of each of Mexico’s 32 states developed in 2014 in a context of moderate GDP growth nationally, as the country’s GDP expanded by a mere 2.1%, which at least marked an improvement over its 2013 performance. The main drivers of the national economy last year were manufacturing (+3.7%), and commerce (+3.3%), while extractive industries acted as the most significant drag, especially its energy related components. Obviously, the contribution each state makes to national GDP varies greatly depending on the weight of the economy of that state. In the past ten years ...

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