Baja California has solidified its position as the only industrialized state in Mexico with uninterrupted economic growth over the past four years, according to the most recent report from the Quarterly Indicator of State Economic Activity (ITAEE) by INEGI. As such, Governor Marina del Pilar Ávila Olmeda highlighted the state’s leadership regarding economic matters, emphasizing that this progress boosts investment attraction and job creation.
She reported that, based on ITAEE data, this growth spans from the fourth quarter of 2020 to the same period of 2024, which uses numbers that allow for balanced comparisons between different periods, excluding factors such as holidays, high or low sales seasons, and weather changes. In turn, this provides a clearer view of how the state’s economy is advancing.
“This progress is proof of the efforts we are making through the Secretariat of Economy and Innovation, together with the business industry, to achieve sustained growth in the industry and solid performance in services,” she stated.
She said that when comparing the July-September 2024 quarter with the same period in 2023, the state’s economy grew by 1.7%, using the aforementioned measurement criteria.
Furthermore, she noted that the state’s economy grew by 1.8% in the third quarter of 2024 compared to the same period in 2023, using a measurement that considers natural seasonal changes including increased sales during holidays or weather impacts on production.
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Governor Marina del Pilar concluded by saying that these results confirm Baja California’s economic stability, which creates a favorable environment for attracting investments and job creation. That is why efforts to promote this favorable environment with a transformative vision for Baja California will continue.
INEGI’s Quarterly Indicator of State Economic Activity (ITAEE) measures economic progress in each state of Mexico and helps to forecast the trend of each state’s Gross Domestic Product (GDP).
