Oaxaca Leads Industrial Growth in Mexico in 2024

Industrial activity grew in 19 of Mexico’s 32 states in 2024. The state that recorded the highest growth was Oaxaca, driven by the construction of the Interoceanic Corridor, with a year-on-year increase of 11.6%, according to figures from INEGI .

The Top 5 states with the most significant increases in industrial activity included Durango (8.2%), Veracruz (5.6%), Guanajuato (5.3%), and Guerrero (4.3%). Notably, several of these states had previously lagged in industrial development. In contrast, Quintana Roo, recorded the sharpest decline, with industrial activity falling by 20.2% compared to the previous year.

Oaxaca: Tourism and Infrastructure

Oaxaca’s Governor, Salomón Jara, recently announced the renovation of the Oaxaca International Airport, a strategic project aimed at strengthening the state's position as a premier destination for both tourism and investment. With an investment of MX$2.12 billion (US$103.85 million) from Aeropuertos del Sureste (ASUR), the project will overhaul airport infrastructure and improve regional connectivity.

He noted that the airport terminal will quadruple in size, expanding from 7,000 to 28,000 m², effectively doubling its operational capacity. Jara emphasized that this renovation reflects Oaxaca’s growing importance as a strategic hub for investment. He also highlighted that the state currently ranks first in economic growth within the south-southeast region and second nationwide, just behind Durango.