Mexico City was ranked first in the 2023 State Competitiveness Index, prepared by the Mexican Institute for Competitiveness (Imco). It is the only entity considered within the “very high” competitiveness classification.

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Among the indicators, it stands out that it is the one with the greatest economic diversification (941 sectors), the fourth with the highest percentage of its GDP in high-growth sectors, the proportion of its own income that it collects (42% of the total) and air cargo, which speaks of its relevance as a logistics center.

According to the Mexican Institute for Competitiveness, in the 2023 edition, Querétaro ranked second and was followed by Nuevo León.

For Imco, nearshoring is linked to competitiveness, and the central and northern states of the country have better conditions to attract investments related to this phenomenon, which is explained by their deployment of logistics and energy infrastructure, a population with better access to education and health and a better integration of the manufacturing industry with the exterior.

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The State Competitiveness Index is a tool to identify the strengths and weaknesses of entities and allows evaluating how attractive they are for talent and investment based on living and employment conditions in them.

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