Sinaloa, Nayarit, and Guerrero showed the best performance in terms of economic activity by federal entity in the first quarter of 2025 (1Q25), with growth of 7%, 3.3%, and 2.4% respectively, at a quarterly rate, according to information published this Tuesday by the National Institute of Statistics and Geography (Inegi) .
According to the Quarterly Indicator of State Economic Activity (ITAEE) , which provides an overview of the economic performance of the states, San Luis Potosí, with a 2.3% increase; Zacatecas, with a 2.2% increase; and Michoacán, with a 2% increase, were also among the states that stood out in terms of economic activity during the period.
At an annual rate, Guerrero, with 8%; Oaxaca, with 5.7%; and Nayarit, with 4.7%, reported significant progress in their economic activity.
Meanwhile, the states that showed the largest contractions in the first quarter of the year were Campeche, with 6.4%; Quintana Roo, with 4.2%; and Tabasco, with 2.7% quarterly growth.
Campeche, with a 16.8% drop; Tabasco, with a 12.3% drop; and Quintana Roo, with a 9.2% decline, were the states with the greatest decline in economic activity on an annual basis.
Economic activity by sector
According to the Inegi indicator, in primary activities , which include agriculture, fishing, and livestock, Tamaulipas with 24.3%, Baja California and Zacatecas, each with 23%, stood out with growth in economic activity in the first quarter of 2025 compared to the same period in 2024.
In the industrial sector , the states that performed best in annual terms were Oaxaca, with a 15% increase; Nayarit, with 12.6%; Mexico City, with 8.9%; Baja California Sur, with 6.9%; and Guanajuato, with 6%.
In services, growth stood out in Guerrero, with 8.8%; Baja California Sur, with 3.2%; Yucatán, with 2.7%; and Quintana Roo, with 2.6% annual growth.
Despite the economic environment experienced in the first three months of the year, economic activity in Mexico’s states showed resilience in the face of the tariff policy promoted by the United States.
Growth in the country’s states is on track with the moderate increase anticipated by the Timely Indicator of Economic Activity (IOAE) , prepared by INEGI, which estimated an annual increase of 1.3% in Mexican economic activity in June 2025, as well as a monthly increase of 0.2%.
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