Introduction
Querétaro, Mexico has witnessed significant growth in businesses related to personal grooming, retail, and dining establishments. According to the latest Censos Económicos (CE) reports from 2019 and 2024, these sectors have expanded considerably.
Focus on Personal Grooming Businesses
Among these, beauty salons and personal care services have shown the most substantial growth. The 2024 CE, which presents data from 2023, reveals that these businesses have experienced an average annual growth rate of 8% in Querétaro. Over the period from 2018 to 2023, this sector added a remarkable 1,693 new units.
Moreover, beauty salons and personal care services were seventh in terms of the highest increase in employment, adding 2,701 workers with an average annual growth rate of 7.8%.
Other Notable Sectors
- Retail Stores: The second-largest growth was observed in small retail stores, with an increase of 1,673 units. This sector had the third-highest growth in employment, adding 5,132 workers with a 7.3% annual growth rate.
- Food Stalls: With 743 additional units, food stalls specializing in antojitos ranked third. They demonstrated a 5.9% average annual growth rate.
- Clothing Retail: The fourth position belongs to clothing retail (excluding baby and lingerie), which grew by 653 units with a 4.8% growth rate.
- Gift Stores: Ranking fifth, gift stores experienced a 511-unit increase with a 10.4% average annual growth rate.
- Cafes and Similar Establishments: Sixth on the list, cafes, soda fountains, ice cream parlors, and similar businesses grew by 442 units with a 5.2% average annual growth rate.
- Fruit and Vegetable Stalls: Seventh, fruit and vegetable retailers added 395 units with a 5.1% growth rate.
- Taco and Torta Restaurants: Eighth, taco and torta restaurants increased by 388 units with a 3.4% growth rate.
- Full-Service Restaurants: Ninth, full-service restaurants grew by 369 units with a 5.3% growth rate.
- Cleaning Supplies Retail: Lastly, cleaning supplies retail experienced a 345-unit increase with a 9.6% growth rate.
Employment Growth Analysis
The Instituto Nacional de Estadística y Geografía (Inegi) also identified sectors with the highest increase in occupied personnel between the last two censuses.
The sector with the most significant increase in employed individuals is the manufacturing of electrical and electronic equipment and parts for automotive vehicles, which added 6,385 workers between 2018 and 2023. This sector achieved an average annual growth rate of 14.7%.
In terms of economic contribution, the manufacturing of electrical and electronic equipment and parts for automotive vehicles had the highest growth in censal added value, with an average annual growth rate of 21% between 2018 and 2023.
Conclusion
The 2024 CE identified 97,696 economic units operating in Querétaro in 2023. These units demonstrated an average annual growth rate of 3.8% from 2018 to 2023.
Key Questions and Answers
- What types of businesses have seen the most growth in Querétaro? Personal grooming services, retail stores (especially small grocery and miscellaneous stores), food stalls, and clothing retail have experienced significant growth.
- Which sectors had the highest employment growth? Manufacturing of electrical and electronic equipment for automotive vehicles led in job creation, followed by retail stores and food service establishments.
- What is the average annual growth rate for Querétaro’s economic units? The average annual growth rate for economic units in Querétaro is 3.8% from 2018 to 2023.
