Economic Performance and Key Sectors
Morelia, Michoacán, November 12, 2025. – Michoacán has solidified its position as the second-fastest growing state in Mexico, with a remarkable 3.8% economic growth during the second quarter of 2025, according to data from Mexico’s National Institute of Statistics and Geography (Inegi).
This momentum also placed Michoacán in fourth place nationally for contributing to the overall economic growth of the country from April to June.
Key Sectors Driving Economic Growth
Claudio Méndez Fernández, the Secretary of Economic Development, attributes this advancement to key sectors:
- Primary Sectors: Agriculture, livestock, and fishing led the way with a 12.5% increase.
- Secondary Sectors: Industries such as manufacturing, construction, and electricity generation saw a 5.0% increase.
- Tertiary Sector: Commerce, services, and tourism grew by 1.7%, reflecting stability in these areas.
Job Creation and Formal Employment
Alongside the economic rebound, Michoacán has experienced a steady recovery in formal employment. Under Governor Alfredo Ramírez Bedolla’s administration, the state has created 36,727 new jobs, representing nearly an 8% growth. This progress has helped surpass the target of registering 500,000 workers with the Mexican Social Security Institute (IMSS).
Context and Relevance
Michoacán, a state in western Mexico, has long been known for its rich cultural heritage and natural beauty. However, it has also faced challenges such as security issues and economic stagnation in recent years. The current economic growth signifies a positive shift for the region and its residents.
Claudio Méndez Fernández, the Secretary of Economic Development, plays a crucial role in shaping Michoacán’s economic policies and initiatives. His leadership has been instrumental in fostering an environment conducive to growth and job creation.
Key Questions and Answers
- Q: Why is Michoacán’s economic growth significant? A: The state’s 3.8% growth rate during Q2 2025 positions it as the second-fastest growing state in Mexico, indicating a positive economic trend and potential for improved living standards.
- Q: Which sectors contributed most to Michoacán’s economic growth? A: Primary sectors, such as agriculture and livestock, saw a 12.5% increase, while secondary sectors like manufacturing and construction experienced a 5.0% growth.
- Q: How has employment been affected by Michoacán’s economic growth? A: The state has seen a near 8% growth in formal job creation, with 36,727 new positions generated under Governor Alfredo Ramírez Bedolla’s administration.
