Oaxaca ‘s economic activity showed a decrease of 2.7% during the second quarter of 2025 compared to the same period of the previous year, according to the Quarterly Indicator of State Economic Activity (ITAEE) , published by the National Institute of Statistics and Geography (Inegi) .
In this sense, the contraction is mainly explained by the decline in secondary and tertiary activities , while the primary sector managed to remain in positive territory
The most favorable performance was observed in primary activities —agriculture, livestock, fishing, and forestry—which grew 4.5% annually and placed the state 16th nationally.
In contrast, secondary activities, which include mining, manufacturing, construction, and electricity, declined 5.1% , placing Oaxaca 25th in the country. Tertiary activities, linked to services, commerce, and transportation, showed a decrease of 1.7%, placing the state last nationally within this group.
In the cumulative period from January to June 2025, the Oaxacan economy still shows slight growth of 1.2%, driven by the dynamism of the primary and secondary sectors , which grew 6.5% and 4.2%, respectively, while tertiary activities decreased by 1.1%.
However, in the national comparison, Oaxaca contributed -0.05 percentage points to the total variation of the ITAEE, placing it 27th out of the 32 states.
Excluding oil and gas mining, the country’s economic performance registered an annual variation of 0.3%. In this context, Oaxaca remained with a decrease of 2.7%, showing that the adjustment in the non-oil industry and services continues to limit its expansion
Oaxaca remains a key hub within the south-southeast, a region that together contributes 20.03% of the national GDP. Its performance in 2023, with 7.5% growth, and the attraction of foreign direct investment projects in renewable energy and the Interoceanic Corridor of the Isthmus of Tehuantepec, reinforce its strategic role in the country’s economic transformation.
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