Veracruz economy grows 5.1% in second quarter of 2026

The economy of Veracruz grew by 5.1% between April and June 2026 compared to the same period in 2025, according to INEGI data. This performance ranks Veracruz as the third fastest-growing state in Mexico, following Hidalgo and Colima. The national average growth rate for the same period was 2%.

Industrial activities provided the primary driver for this growth, with the mining, construction, manufacturing, and utility sectors (electricity, water, and gas) increasing by 9.3% compared to the second quarter of 2025. While the agricultural, livestock, forestry, fishing, and hunting sectors saw a significant percentage increase of 12.7%, the overall result for the agricultural sector remained negative for the first half of the year due to a 15.5% decline in the first quarter.

When excluding oil and gas extraction, the state's economic growth was 3.8%. The commerce and services sector, which includes education, health, and public administration, recorded a more modest growth of 2.4% during this period.