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Economy, jobs and prices in Veracruz, Mexico: official figures

The 2024 Economic Census counted 26,964 business establishments (economic units) in Veracruz in 2023, 25th most of 107 Mexican cities on this site, against 24,221 in the 2019 census (up 11.3%).

Persons employed in businesses (economic census)
146,606
2023

How many people work in Veracruz?

Those establishments employed 146,606 people in 2023, 27th most of 107 Mexican cities on this site, down 1.0% from the 148,019 counted for 2018 (national: up 3.1%).

Source: Instituto Nacional de Estadística y Geografía (INEGI) · saved copy

What is the average salary in Veracruz?

Paid workers in Veracruz earned an average of MXN 162,883 in total pay over 2023, 27th highest of 107 Mexican cities on this site; the national average was MXN 168,674.

Source: Instituto Nacional de Estadística y Geografía (INEGI) · saved copy

How productive is the economy of Veracruz?

Businesses in Veracruz generated MXN 82.0 billion in gross value added in 2023, about MXN 559,300 per person employed, 21st highest of 107 Mexican cities on this site (national: MXN 560,263).

Source: Instituto Nacional de Estadística y Geografía (INEGI) · saved copy

How many women work in Veracruz?

Women held 40.4% of the jobs counted in Veracruz in 2023, 20th lowest of 107 Mexican cities on this site (national: 43.2%); 77.9% of all workers were paid employees.

Source: Instituto Nacional de Estadística y Geografía (INEGI) · saved copy

What are the main industries in Veracruz?

By sector, manufacturing 14.6% (21,374), retail trade 25.1% (36,833) and hotels, restaurants and bars 13.1% (19,250) of the people employed in Veracruz in 2023 (national manufacturing share: 25.7%); manufacturing's share was 45th lowest of 107 Mexican cities on this site.

Source: Instituto Nacional de Estadística y Geografía (INEGI) · saved copy

How much do businesses invest in Veracruz?

Businesses in Veracruz reported MXN 4.9 billion of investment and MXN 158.9 billion of gross output in 2023 (2018: MXN -15.6 billion and MXN 123.7 billion, current pesos).

Source: Instituto Nacional de Estadística y Geografía (INEGI) · saved copy

How Veracruz compares with other cities in Mexico

Economic units (2024 economic census) (2023)

Veracruz ranks 25 of 107, highest first.

RankCityEconomic units (2024 economic census)
22Villahermosa28,862
23La Laguna28,682
24Victoria de Durango28,458
25Veracruz26,964
26Xalapa26,616
27Irapuato25,115
28Cancún25,065
Source: Instituto Nacional de Estadística y Geografía (INEGI) · saved copy

Persons employed (2024 economic census) (2023)

Veracruz ranks 27 of 107, highest first.

RankCityPersons employed (2024 economic census)
24Irapuato154,358
25Villahermosa152,927
26Tuxtla Gutiérrez147,834
27Veracruz146,606
28Celaya146,461
29Mazatlán140,526
30Acapulco135,332
Source: Instituto Nacional de Estadística y Geografía (INEGI) · saved copy

Change in persons employed, 2018-2023 (2018-2023)

Veracruz ranks 71 of 107, highest first.

RankCityChange in persons employed, 2018-2023
68Tapachula de Cordova y Ordoñez+0.2%
69Iguala de la Independencia-0.1%
70Mazatlán-0.8%
71Veracruz-1.0%
72Morelia-1.0%
73Irapuato-1.3%
74Villahermosa-1.8%
Source: Instituto Nacional de Estadística y Geografía (INEGI) · saved copy

Average annual pay per paid worker (MXN) (2023)

Veracruz ranks 27 of 107, highest first.

RankCityAverage annual pay per paid worker (MXN)
24QuerétaroMXN 168,988
25SaltilloMXN 165,622
26CelayaMXN 164,414
27VeracruzMXN 162,883
28CaborcaMXN 159,029
29Monclova-FronteraMXN 158,650
30CuauhtemocMXN 158,452
Source: Instituto Nacional de Estadística y Geografía (INEGI) · saved copy

Gross value added per person employed (MXN) (2023)

Veracruz ranks 21 of 107, highest first.

RankCityGross value added per person employed (MXN)
18IrapuatoMXN 568,009
19TolucaMXN 564,227
20QuerétaroMXN 562,289
21VeracruzMXN 559,300
22MexicaliMXN 556,217
23ManzanilloMXN 553,076
24La LagunaMXN 538,087
Source: Instituto Nacional de Estadística y Geografía (INEGI) · saved copy

Women as a share of persons employed (2023)

Veracruz ranks 88 of 107, highest first.

RankCityWomen as a share of persons employed
85Piedras Negras40.8%
86Celaya40.4%
87La Laguna40.4%
88Veracruz40.4%
89Manzanillo40.3%
90Hidalgo del Parral40.1%
91Los Mochis39.7%
Source: Instituto Nacional de Estadística y Geografía (INEGI) · saved copy

Manufacturing share of persons employed (2023)

Veracruz ranks 63 of 107, highest first.

RankCityManufacturing share of persons employed
60Zamora-Jacona16.2%
61Ciudad Victoria15.1%
62Córdoba14.8%
63Veracruz14.6%
64Mérida14.3%
65Uruapan14.1%
66Tulancingo13.8%
Source: Instituto Nacional de Estadística y Geografía (INEGI) · saved copy

More on Veracruz: overview · health · education and schools · poverty and living standards · government budget · all cities in Mexico

Sources

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