San Luis Potosí’s Economic Growth and Competitiveness
San Luis Potosí, under the leadership of Governor Ricardo Gallardo Cardona, continues to be one of Mexico’s most dynamic economies. The state has secured the seventh-highest national growth rate and ranks 12th in the Institute for Mexico’s Competitiveness (IMCO) State Competitiveness Index 2025. This success stems from a favorable investment climate and productive development, according to Gallardo Cardona.
Investment and Sectoral Focus
The state has attracted a consolidated investment of $6,963 million, primarily in the industrial, commercial, service, and mining sectors. The governor highlighted a strong focus on the industrial sector, driven by capital from Mexico, China, Germany, the United States, and Japan.
Industrial Manufacturing: The Economic Powerhouse
Gallardo Cardona emphasized that the industrial manufacturing sector is the primary economic driver in San Luis Potosí, with over $5,000 million accumulated investment—the highest in two decades. Moreover, new Chinese, Korean, and German companies have entered the automotive industry, further bolstering this sector.
Export Performance and International Trade
In terms of international trade, San Luis Potosí ranks fifth nationally in exports, accounting for 54% of the state’s GDP. In 2024, exports surpassed $23,000 million, primarily driven by the automotive industry, machinery, and electrical components. These exports were directed to key markets such as the United States, Germany, and the United Kingdom.
Impact on Employment and Economic Growth
The growth in commerce, services, and mining has complemented the state’s overall development by generating thousands of jobs, opening new businesses, and creating significant economic ripple effects. San Luis Potosí has also established itself as a national leader in the production of strategic minerals like fluorite.
Key Questions and Answers
- What makes San Luis Potosí’s economy so dynamic? The state benefits from a favorable investment climate, productive development, and strategic focus on key sectors like industry, commerce, services, and mining.
- Which sectors are driving San Luis Potosí’s economic growth? The industrial manufacturing sector is the primary driver, with significant investments from various countries and new entrants from China, Korea, and Germany.
- How do San Luis Potosí’s exports contribute to the state’s economy? Exports account for 54% of the state’s GDP and reached over $23,000 million in 2024, primarily driven by the automotive industry, machinery, and electrical components.
- What impact has the state’s economic growth had on employment and businesses? The growth in commerce, services, and mining has led to thousands of new jobs, the opening of new businesses, and substantial economic ripple effects.
