In the first quarter of 2024, twelve of the country's 32 states reported contractions in their economic growth compared to the last quarter of 2023, with the most significant being for Coahuila, Tlaxcala, and Jalisco, according to figures from the National Institute of Statistics and Geography.
Presenting the results of the Quarterly Indicator of State Economic Activity, which provides an overview of the economic evolution of the states, it was revealed that Coahuila presented a 2 percent contraction in its quarterly comparison and a 3.1 percent annual decrease. With this result, it accumulates two consecutive quarters of decline.
In the case of states like Tlaxcala, its economic activity fell by 1.5 percent in its quarterly comparison and showed an annual increase of 1.4 percent; Jalisco, on the other hand, declined by 1.4 percent quarterly and reported an annual decrease of 0.1 percent.
Similarly, the Gross Domestic Product (GDP) of Baja California decreased by 1.3 percent from January to March, remaining stagnant in its annual comparison; Aguascalientes decreased by 0.8 percent and advanced 1.8 percent annually; Guanajuato also declined by 0.8 percent, although it showed an annual increase of 3.8 percent. Michoacán showed a 0.7 percent quarterly decrease and barely a 0.3 percent annual increase.
Notably, Nuevo León had a 0.3 percent quarterly contraction, and although it showed an annual increase of 3.5 percent, the decrease in the first quarter of the year is the most significant it has reported since the second quarter of 2020.
Regarding the states that have grown the most at the beginning of the year, Sinaloa stands out with a 7 percent quarterly increase and a 2.8 percent annual increase; Zacatecas with a 4.6 percent quarterly increase, although it declined by 2.1 percent annually; Guerrero grew by 4.3 percent, but decreased by 1.8 percent annually; Baja California Sur grew by 2.9 percent quarterly and advanced by 4.8 percent annually; Durango advanced by 2.7 percent and also grew by 5.3 percent annually; followed by Colima with a 2 percent quarterly increase and an annual growth of 3.6 percent.
Special mention goes to Quintana Roo with a 0.5 percent quarterly increase and an annual growth of 20.6 percent.