The following list shows the GDP (nominal) of Mexico's 32 states as of 2022, ranked in order. Overall, in the calendar year 2022, the Nominal GDP of Mexico at Current Prices totaled at US$1.42 trillion, as compared to US$1.27 trillion in 2021.
Federal entities by GDP 2022 (millions) [1] [2] | |||||||
---|---|---|---|---|---|---|---|
Position | State | Nominal GDP (MXN) | Nominal GDP (USD) | GDP PPP (USD) | Growth | Nominal GDP per capita | % of national |
1 | Mexico City | 4,270,240 | 212,506 | 443,661 | 1.12% | $22,823 | 15% |
2 | State of Mexico | 2,577,033 | 128,244 | 267,744 | 2.08% | $7,380 | 9.05% |
3 | Nuevo León | 2,349,027 | 116,898 | 244,055 | 2.10% | $19,452 | 8.25% |
4 | Jalisco | 2,146,364 | 106,812 | 222,999 | 6.91% | $12,412 | 7.54% |
5 | Veracruz | 1,226,769 | 61,049 | 127,456 | −0.03% | $7,491 | 4.31% |
6 | Guanajuato | 1,211,951 | 60,312 | 125,917 | 3.21% | $9,568 | 4.26% |
7 | Baja California | 1,082,329 | 53,861 | 112,450 | 2.76% | $14,185 | 3.80% |
8 | Sonora | 1,055,214 | 52,512 | 109,633 | 3.76% | $17,503 | 3.71% |
9 | Chihuahua | 1,049,834 | 52,244 | 109,074 | 4.74% | $13,637 | 3.69% |
10 | Coahuila | 1,034,560 | 51,484 | 107,487 | 0.56% | $15,699 | 3.63% |
11 | Puebla | 902,651 | 44,920 | 93,782 | 4.14% | $6,736 | 3.17% |
12 | Tamaulipas | 842,030 | 41,903 | 87,484 | 2.86% | $11,674 | 2.96% |
13 | Tabasco | 748,259 | 37,237 | 77,741 | 10.61% | $15,092 | 2.63% |
14 | Michoacán | 700,144 | 34,842 | 72,742 | 2.90% | $7,066 | 2.46% |
15 | Sinaloa | 668,476 | 33,266 | 69,452 | 4.35% | $10,840 | 2.35% |
16 | San Luis Potosí | 662,415 | 32,965 | 68,822 | 3.21% | $11,556 | 2.33% |
17 | Querétaro | 656,317 | 32,661 | 68,189 | 3.67% | $13,266 | 2.31% |
18 | Campeche | 521,137 | 25,934 | 54,144 | −5.50% | $27,562 | 1.83% |
19 | Hidalgo | 482,226 | 23,998 | 50,101 | 8.73% | $7,530 | 1.69% |
20 | Oaxaca | 479,985 | 23,886 | 49,869 | 6.71% | $5,657 | 1.69% |
21 | Chiapas | 455,199 | 22,653 | 47,293 | 5.22% | $3,989 | 1.60% |
22 | Quintana Roo | 446,762 | 22,233 | 46,417 | 10.80% | $11,479 | 1.57% |
23 | Yucatán | 428,208 | 21,309 | 44,489 | −0.40% | $8,996 | 1.50% |
24 | Guerrero | 391,534 | 19,484 | 40,679 | 3.71% | $5,428 | 1.38% |
25 | Aguascalientes | 356,022 | 17,717 | 36,989 | −1.97% | $12,028 | 1.25% |
26 | Durango | 341,784 | 17,009 | 35,510 | −0.53% | $9,024 | 1.20% |
27 | Morelos | 313,577 | 15,605 | 32,579 | 6.28% | $7,861 | 1.10% |
28 | Zacatecas | 268,941 | 13,384 | 27,942 | 0.51% | $8,184 | 0.94% |
29 | Baja California Sur | 261,572 | 13,017 | 27,176 | 7.74% | $15,556 | 0.92% |
30 | Nayarit | 204,929 | 10,198 | 21,291 | 3.27% | $8,171 | 0.72% |
31 | Colima | 168,921 | 8,406 | 17,550 | 1.57% | $11,010 | 0.59% |
32 | Tlaxcala | 157,699 | 7,848 | 16,384 | 1.45% | $5,594 | 0.55% |
Mexico | 28,462,110 | 1,416,399 | 2,957,102 | 3.1% | $10,950 | 100% | |
Top 30 metro areas of Mexico with most GDP:
Metropolitan areas by GDP 2021 (millions) [3] [4] | |||||||
---|---|---|---|---|---|---|---|
Metropolitan area | Position | GDP (MXN) | GDP (USD) | PPP (USD) | Population | GDP per capita (USD) | PPP per capita (USD) |
Mexico | - | 25,803,508 | 1,272,839 | 2,569,222 | 126,705,138 | 10,046 | 20,277 |
Valley of Mexico | 1 | 5,897,909 | 290,933 | 587,247 | 21,804,515 | 13,343 | 26,932 |
Monterrey | 2 | 2,050,414 | 101,143 | 204,157 | 5,341,171 | 18,937 | 38,223 |
Guadalajara | 3 | 1,309,083 | 64,575 | 130,344 | 5,268,642 | 12,256 | 24,740 |
Tijuana | 4 | 649,954 | 32,061 | 64,715 | 2,157,853 | 14,858 | 29,991 |
Toluca | 5 | 626,230 | 30,891 | 62,353 | 2,353,924 | 13,123 | 26,489 |
Puebla-Tlaxcala | 6 | 575,561 | 28,391 | 57,308 | 3,199,530 | 8,874 | 17,911 |
Querétaro | 7 | 482,631 | 23,807 | 48,055 | 1,594,212 | 14,934 | 30,143 |
León | 8 | 440,046 | 21,707 | 43,815 | 1,924,771 | 11,278 | 22,764 |
Saltillo | 9 | 397,449 | 19,605 | 39,573 | 1,031,779 | 19,002 | 38,355 |
Juárez | 10 | 363,107 | 17,911 | 36,154 | 1,512,450 | 11,843 | 23,904 |
San Luis Potosí | 11 | 354,542 | 17,489 | 35,301 | 1,271,366 | 13,756 | 27,766 |
Hermosillo | 12 | 352,152 | 17,371 | 35,063 | 936,263 | 18,554 | 37,450 |
La Laguna | 13 | 332,734 | 16,413 | 33,130 | 1,434,283 | 11,443 | 23,099 |
Veracruz | 14 | 305,487 | 15,069 | 30,417 | 939,046 | 16,047 | 32,391 |
Aguascalientes | 15 | 296,206 | 14,611 | 29,493 | 1,140,916 | 12,807 | 25,850 |
Chihuahua | 16 | 279,865 | 13,805 | 27,865 | 988,065 | 13,972 | 28,202 |
Mérida | 17 | 269,603 | 13,299 | 26,844 | 1,316,088 | 10,105 | 20,397 |
Villahermosa | 18 | 268,490 | 13,244 | 26,733 | 833,907 | 15,882 | 32,058 |
Tampico | 19 | 263,139 | 12,980 | 26,200 | 927,379 | 13,997 | 28,252 |
Mexicali | 20 | 248,772 | 12,271 | 24,770 | 1,049,792 | 11,689 | 23,595 |
Culiacán | 21 | 226,191 | 11,158 | 22,522 | 1,003,530 | 11,118 | 22,442 |
Cancún | 22 | 210,735 | 10,395 | 20,983 | 934,189 | 11,127 | 22,461 |
Minatitlán | 23 | 203,271 | 10,027 | 20,239 | 359,228 | 27,913 | 56,341 |
Reynosa | 24 | 200,111 | 9,871 | 19,924 | 837,251 | 11,790 | 23,798 |
Xalapa | 25 | 190,494 | 9,397 | 18,967 | 789,157 | 11,907 | 24,035 |
Morelia | 26 | 185,703 | 9,160 | 18,490 | 988,704 | 9,265 | 18,701 |
Cuernavaca | 27 | 180,226 | 8,890 | 17,945 | 1,028,589 | 8,643 | 17,446 |
Tehuantepec | 28 | 149,853 | 7,392 | 14,921 | 179,870 | 41,096 | 82,952 |
Mazatlán | 29 | 147,507 | 7,276 | 14,687 | 501,441 | 14,511 | 29,290 |
Celaya | 30 | 145,432 | 7,174 | 14,480 | 767,104 | 9,352 | 18,877 |
General:
The economy of Mexico is a developing mixed-market economy. It is the 14th largest in the world in nominal GDP terms and the 13th largest by purchasing power parity, according to the International Monetary Fund. Since the 1994 crisis, administrations have improved the country's macroeconomic fundamentals. Mexico was not significantly influenced by the 2002 South American crisis, and maintained positive, although low, rates of growth after a brief period of stagnation in 2001. However, Mexico was one of the Latin American nations most affected by the 2008 recession with its gross domestic product contracting by more than 6% in that year.
North America is a continent in the Northern Hemisphere almost entirely within the Western Hemisphere. North America is bordered to the north by the Arctic Ocean, to the east by the Atlantic Ocean, to the southeast by South America and the Caribbean Sea, and to the west and south by the Pacific Ocean. The region includes Canada, the Caribbean, Central America, Greenland, Mexico, and the United States.
The United States is a highly developed/advanced mixed economy. It is the world's largest economy by nominal GDP, and the second-largest by purchasing power parity (PPP) behind China. It has the world's seventh-highest per capita GDP (nominal) and the eighth-highest per capita GDP (PPP) as of 2022. The U.S. accounted for 25.4% of the global economy in 2022 in nominal terms, and around 15.6% in PPP terms. The U.S. dollar is the currency of record most used in international transactions and is the world's reserve currency, backed by a large U.S. treasuries market, its role as the reference standard for the petrodollar system, and its linked eurodollar. Several countries use it as their official currency and in others it is the de facto currency.
Nuevo León is a state in Mexico. The state was named after the New Kingdom of León, an administrative territory from the Viceroyalty of New Spain, itself was named after the historic Spanish Kingdom of León. With a total land area of 64,555 square kilometers, Nuevo León is the 13th largest federal entity in Mexico. The state is located in the northeastern part of Mexico and is bordered by Tamaulipas to the east, Coahuila to the west, and both Zacatecas and San Luis Potosi to the south. To the north, it shares an extremely narrow international border with the U.S. state of Texas. The Laredo-Colombia Solidarity International Bridge is the only vehicular bridge that connects the United States with the state of Nuevo León. It crosses over the Rio Grande between the city of Colombia, Nuevo León, and Laredo, Texas.
The world economy or global economy is the economy of all humans of the world, referring to the global economic system, which includes all economic activities which are conducted both within and between nations, including production, consumption, economic management, work in general, exchange of financial values and trade of goods and services. In some contexts, the two terms are distinct "international" or "global economy" being measured separately and distinguished from national economies, while the "world economy" is simply an aggregate of the separate countries' measurements. Beyond the minimum standard concerning value in production, use and exchange, the definitions, representations, models and valuations of the world economy vary widely. It is inseparable from the geography and ecology of planet Earth.
The 32 federal states of Mexico are ranked below according to population, size, population density, and GDP.
The economy of Europe comprises about 748 million people in 50 countries. The formation of the European Union (EU) and in 1999 the introduction of a unified currency, the Euro, brought participating European countries closer through the convenience of a shared currency. The European Union is a unique global organisation, an entity forming one of the largest economies in the world. The European Union also “regulates” the global market by the single market. The difference in wealth across Europe can be seen roughly in the former Cold War divide, with some countries breaching the divide. Whilst most European states have a GDP per capita higher than the world's average and are very highly developed, some European economies, despite their position over the world's average in the Human Development Index, are relatively poor. Europe has total banking assets of more than $50 trillion and its Global assets under management has more than $20 trillion.
The gross national income (GNI), previously known as gross national product (GNP), is the total domestic and foreign output claimed by residents of a country, consisting of gross domestic product (GDP), plus factor incomes earned by foreign residents, minus income earned in the domestic economy by nonresidents. Comparing GNI to GDP shows the degree to which a nation's GDP represents domestic or international activity. GNI has gradually replaced GNP in international statistics. While being conceptually identical, it is calculated differently. GNI is the basis of calculation of the largest part of contributions to the budget of the European Union. In February 2017, Ireland's GDP became so distorted from the base erosion and profit shifting ("BEPS") tax planning tools of U.S. multinationals, that the Central Bank of Ireland replaced Irish GDP with a new metric, Irish Modified GNI. In 2017, Irish GDP was 162% of Irish Modified GNI.
The Trillion dollar club is an unofficial classification of the world's major economies with a gross domestic product of more than US$1 trillion per year. As of 2023, it included 19 countries. This does not include purchasing power parity, which increases the GDP of many countries with an undervalued currency, which are usually poorer countries.
Zacatecas, officially the Free and Sovereign State of Zacatecas, is one of the 31 states of Mexico. It is divided into 58 municipalities and its capital city is Zacatecas.
The Pacific Alliance is a Latin American trade bloc, formed by Chile, Colombia, Mexico and Peru, which all border the Pacific Ocean. The alliance was formed with the express purpose of improving regional integration and moving toward complete freedom in the movement of goods, services, capital and people between the four member states. Together, these four countries have a combined population of more than 230 million people and make up roughly 35 percent of Latin American GDP.
The economy of Beijing ranks among the most developed and prosperous cities in China. In 2013, the municipality's nominal gross domestic product (GDP) was CN¥1.95 trillion. It was about 3.43% of the country's total output, and ranked 13th among province-level administrative units. Per capita GDP, at CN¥93,213 (US$15,051) in nominal terms and Int $21,948 at purchasing power parity, was 2.2 times the national average and ranked second among province-level administrative units.