Querétaro’s Economic Performance in Q1 2025
Querétaro’s economy expanded by 0.6% in the first quarter of 2025 compared to the same period in 2024, with a trimester growth rate of 0.7%, according to the Indicador Trimestral de la Actividad Económica Estatal (ITAEE) based on seasonally adjusted figures.
Querétaro’s Ranking and Comparison
Querétaro ranked 22nd among the 32 federal entities, and was one of the 25 entities that experienced positive growth during this period. Seven states, however, saw a decrease in economic activity.
Historical Context and International Factors
This growth occurred amidst international uncertainty, particularly due to changes in U.S. tariff policies. The United States is Querétaro’s primary trading partner, along with being a significant factor for the state’s economy.
Sectoral Analysis
The ITAEE reported that Querétaro’s economy grew by 1.5% overall, primarily driven by secondary activities. This growth placed Querétaro at 16th position, surpassing the national average of 0.8%, contributing 0.04 percentage points to the nation’s variation.
Primary, Secondary, and Tertiary Sectors
The primary sector (agriculture, livestock, forestry, fishing, and hunting) grew by 5%, while the secondary sector (mining, manufacturing, construction, and electricity) advanced by 3.2%. The tertiary sector (distribution, information operations, services based on knowledge and experience) remained stagnant.
- Primary Sector: Growth of 5% placed Querétaro at 19th position nationally, below the national growth rate of 7.2%.
- Secondary Sector: A 3.2% increase ranked Querétaro 12th nationally, above the national average of -0.7%.
- Tertiary Sector: No significant variation left Querétaro at 28th position, below the national trend of 1.3%.
Regional Contribution
The central-south region (comprising Guerrero, Hidalgo, Michoacán, Morelos, Puebla, Querétaro, and Tlaxcala) grew by 1.4% in Q1 2025, accounting for 13.3% of the national total and contributing 0.19 percentage points to the nation’s variation.
Key Questions and Answers
- Q: How did Querétaro’s economy perform in Q1 2025? A: Querétaro’s economy grew by 0.6% in Q1 2025, with a trimester growth rate of 0.7%, according to the ITAEE.
- Q: How does Querétaro’s growth compare to other states? A: Querétaro ranked 22nd among the 32 federal entities, with 25 states experiencing positive growth during this period.
- Q: What drove Querétaro’s economic growth? A: The growth was primarily driven by secondary activities, which contributed 1.4 percentage points to the overall 1.5% growth.
- Q: How did the primary, secondary, and tertiary sectors perform? A: The primary sector grew by 5%, the secondary sector advanced by 3.2%, while the tertiary sector remained stagnant.
- Q: What role did international factors play in Querétaro’s economic performance? A> International uncertainty, particularly changes in U.S. tariff policies, influenced Querétaro’s economic growth as the U.S. is its primary trading partner.
