A two months until the end of fiscal year 2025the Yucatan economy It is not distinguished by its superior growth, as in previous years, so it navigates at a pace very similar to what is experienced in the national levell, according to data analysis carried out by the Mexican Institute of Finance Executives (IMEF) Yucatan.
With a economic growth less than 1%a inflation that is around 4%an industrial sector with the greatest negative impact and a negative balance in the promotion of formal employmentYucatán has a dynamism equal to that of the country.
In interview, the president of the IMEF in Yucatán, Isaías Marrufo Góngora, and the former president Francisco Álvarez Cuevas They highlighted that in previous years the Yucatecan economy It was managed separately from that of the country, but in 2025 It seems that it is no longer so independent and that it is more connected to what is happening on a national scale.
“We would like things to go better, we would like growth of 4% or 5% like before, but this economic analysis places us in reality,” Marrufo Góngora told Diario.
“The United States is being a little more dynamic than our country, which we would expect that as a smaller country, as an emerging country, we should grow more than our neighboring country,” he added.
The president of IMEF in Yucatan He stated that there are many factors that influence, so he will close the economy with the figures they have at their disposal through the National Institute of Statistics and Geography (Inegi).
“We are on the same page as at the national level,” he reiterated.
Low growth
Also a public accountant, Álvarez Cuevas, explained that in the first quarter of 2025 contra The first quarter of 2024 Yucatán had a growth of 1.8%.
However, when comparing the second quarter of this year to last year, growth fell 1.3%, which means there is an environment of deceleration of the Yucatecan economy.
If the second quarter of 2025 is compared to the previous quarter, growth is only 0.4%, and it is observed that the macroeconomic numbers are already beginning to reflect the reality that all Yucatecans experience on a daily basis, “which is not an environment that we like to see either of economic growth or job creation.”
“We are in a difficult environment right now. An important parameter that we must take into account is that in the last 10 years the average growth of our state was around 3%. At times of the Maya Trends, which gave a lot of dynamism, the growth was greater, around 5% or a little more,” he stressed.
Álvarez Cuevas considered that now without the investment of the Mayan TrainYucatán should grow 3% or more, although today it is at 1.8% and 1.3%; That is, it is below the parameter to which Yucatecans aspire.
Has our economy already returned to reality after those million-dollar investments?
“That’s right. There are new projects like the issue of modernization of the Progreso high port and expansion of the Mayan Train towards greater connectivity; However, these investments are medium term. Maybe it can have a positive effect on the economy, but I don’t think it will be enough to return to the growth of previous years.”
Both interviewees admitted that The business sector must put more effortas well as the government to give better dynamism to the economy.
One of these factors is consuming national and local products, preferably with the distinctive Made in Mexico and Made in Yucatán, because this guarantees the generation of jobs and a greater impact on the national economy.
Self-sufficiency
With this economic panorama, Marrufo Góngora stated that Mexico and Yucatan They have to develop the economy towards a vocation of more self-sufficient production in many sectors, in order to provoke the dynamism they need.
For example, think about the production of a Mexican-made automotive vehicle or airplane.
“We have to align ourselves with the theme of Made in Mexico, Made in Yucatán and also look at the path of formality, the generation of jobs and formal businesses and gradually reduce informality,” emphasized the president of the IMEF.
“The Informality is an issue that we must see as a social relieflike a depressurization where if a person does not find formal work and starts a business, that can be a temporary social valve and not so that the whole life remains informal,” he said.
With resignation he admitted that informality will always exist, It will have to be seen as a social issue of depressurization, of relief; However, it is important that efforts be made so that everything andthe informal sector is incorporated into the formal sector.
In fact, the national IMEF has a line of promotion that is financial inclusion, in which it is intended that both citizens and companies access credits.
With this prevents microentrepreneurs or entrepreneurs from resorting to illegal loans such as “gota a gota” in those who receive $1,000 in the morning and in the afternoon you already owe $1,100, which is a daily rate of 10%. And if you don’t pay it you suffer the consequences.
If that 10% per day is multiplied by 360 days a year, they would be talking about a very high rate for this sector of the population that is not integrated into formality.
Therefore, IMEF promotes financial inclusion to generate awareness and strategies that help gradually incorporate all these people who today are at a disadvantage with the payment of high interest rates. Furthermore, this government-business-citizen alliance It could give a little more dynamism to the economy.
What sectors of the Yucatan economy are worrying?
Álvarez Cuevas stressed that the industrial sector is the hardest hit at this time. According to the reports that he received the IMEF of the Faculty of Accounting of the Autonomous University of Yucatán (Uady)he sector industrial It results in greater economic contraction and is a sector that generates more value in the productive chain.
He secondary sector It is the one that generates the most added value to society and at the moment it has a complicated situation.
GDP is not growing
“The local Gross Domestic Product (GDP) is not growing. We see the part of employment that is in the same environment. Last year we had a growth of 2.6%, September 2024 versus September 2023, we were the fifth state with the highest job creation in the country and today we are negative with 0.8%,” he said.
“Having less employment and if we consider that 20 years ago the birth rate was much higher than now, those people entered the workforce today. It is part of the generational boom that we have. The number of people who have or do not have jobs, or are underemployed in the informal sector, generates economic pressure on the state.”
“The housing sector is one of the most contracted sectors in the state,” said the specialist.
“Despite the decrease in the interest rate that the federal government is generating, with all that fall it is already more attractive to buy a house, but there are no jobs and the economic environment is very tight. So, people doubt or are afraid if it is the right time to build.” (To be continued).