Economy, jobs and prices in Colima, Mexico: official figures
The gross domestic product of Colima was 214.8 billion pesos in 2024 at current prices, according to INEGI, 0.6% of Mexico's 33.58 trillion pesos and 2nd smallest of 32 federal entities. In current pesos it was up 5.1% on 2023.
How fast is the economy of Colima growing?
After removing price changes, the economy of Colima grew 2.6% in 2024, against 1.5% for Mexico as a whole; 12th fastest growth of 32.
Source: Instituto Nacional de Estadistica y Geografia (INEGI) · saved copyHas the economy of Colima grown since 2018?
In real terms GDP in Colima was 2.4% higher in 2024 than in 2018 (Mexico 5.0% higher), 11th smallest growth of 32. Since 2003 it has grown 48.2% in real terms (Mexico 41.9%), and its share of national GDP has moved from 0.60% to 0.64%.
Source: Instituto Nacional de Estadistica y Geografia (INEGI) · saved copyWhat is the GDP per capita of Colima?
Dividing 2024 GDP by CONAPO's mid-2024 population gives 281,708 pesos per person in Colima, 1.11 times the national figure of 253,888 pesos; 13th highest of 32.
Source: Instituto Nacional de Estadistica y Geografia (INEGI) · saved copyWhat are the main industries in Colima?
In 2024 tertiary activities (trade and services) made up 71.0% of gross value added in Colima, secondary activities (industry, mining, construction and utilities) 22.7% and primary activities (farming, livestock, forestry and fishing) 6.4% (11th highest farm share of 32; Mexico 4.1%).
Source: Instituto Nacional de Estadistica y Geografia (INEGI) · saved copyHow important is manufacturing in Colima?
Manufacturing produced 6.0% of gross value added in Colima in 2024 (8th lowest of 32; Mexico 21.5%), and mining 1.6%. Hotels and restaurants accounted for 3.8% (7th highest of 32).
Source: Instituto Nacional de Estadistica y Geografia (INEGI) · saved copyWhat is the unemployment rate in Colima?
The unemployment rate in Colima was 1.6% in April to June 2026, according to INEGI's ENOE labour force survey, against 2.7% for Mexico; 3rd lowest of 32.
Source: Instituto Nacional de Estadistica y Geografia (INEGI) · saved copyWhat was the unemployment rate in Colima in 2025?
A year earlier, in April to June 2025, the ENOE put unemployment in Colima at 1.8% (Mexico 2.7%; 5th lowest of 32), with 366,562 people in work and labour force participation of 65.6%.
Source: Instituto Nacional de Estadistica y Geografia (INEGI) · saved copyHow many people work in Colima?
About 398,610 people in Colima were working in April to June 2026 and 6,405 were unemployed. 65.5% of residents aged 15 and over were in the labour force (4th highest of 32; Mexico 59.1%).
Source: Instituto Nacional de Estadistica y Geografia (INEGI) · saved copyHow many workers in Colima are informal?
46.2% of employed people in Colima worked informally in April to June 2026 (without social security through their job or in unregistered businesses), against 55.1% nationally; 12th lowest of 32. A year earlier the rate was 48.2%.
Source: Instituto Nacional de Estadistica y Geografia (INEGI) · saved copyIs informal work in Colima falling?
Labour informality in Colima was 46.2% in April to June 2026, down 4.7 percentage points on the same quarter of 2019 (50.9%) and down 6.4 percentage points on 2005 (52.7%), when INEGI's quarterly series begins.
Source: Instituto Nacional de Estadistica y Geografia (INEGI) · saved copyWhat jobs do people do in Colima?
In April to June 2026, 53.6% of workers in Colima had no access to health services through their work, 70.5% were salaried employees, and 8.4% worked in manufacturing; 10.6% worked in farming, livestock, forestry or fishing.
Source: Instituto Nacional de Estadistica y Geografia (INEGI) · saved copyWhat is the average wage in Colima?
Employed people in Colima earned an average of 88.59 pesos per hour worked in April to June 2026 (Mexico 70.26 pesos; 4th highest of 32), and worked an average of 40.9 hours a week (Mexico 41.5).
Source: Instituto Nacional de Estadistica y Geografia (INEGI) · saved copyWhat is the average household income in Colima?
Average current income per household in Colima was 86,241 pesos a quarter in 2024 (about 28,747 pesos a month), against 77,864 pesos for Mexico, according to INEGI's ENIGH household survey; 12th highest of 32.
Source: Instituto Nacional de Estadistica y Geografia (INEGI) · saved copyIs household income rising in Colima?
At constant 2024 prices, average household income in Colima was up 12.6% on 2022 and up 20.3% on 2016 (Mexico up 10.8% since 2016).
Source: Instituto Nacional de Estadistica y Geografia (INEGI) · saved copyWhat is the income per person in Colima?
Income per person in Colima averaged 29,015 pesos a quarter in 2024 (Mexico 23,217 pesos; 7th highest of 32). The richest tenth of people had 12.0 times the average income of the poorest tenth.
Source: Instituto Nacional de Estadistica y Geografia (INEGI) · saved copyHow unequal is income in Colima?
The Gini coefficient of income per person in Colima was 0.378 in 2024 (Mexico 0.417), 13th least unequal of 32; in 2016 it was 0.406.
Source: Instituto Nacional de Estadistica y Geografia (INEGI) · saved copyHow much do households in Colima spend?
The 244,344 households of Colima spent an average of 64,567 pesos a quarter on current consumption in 2024 (Mexico 61,309 pesos); 37.1% of their cash spending went on food, drink and tobacco (Mexico 37.7%).
Source: Instituto Nacional de Estadistica y Geografia (INEGI) · saved copyHow Colima compares with other states
GDP at current prices, 2024 (2024)
Colima ranks 31 of 32, highest first.
| Rank | Region | GDP at current prices, 2024 |
|---|---|---|
| 26 | Guerrero | 432.0 billion pesos |
| 27 | Morelos | 353.7 billion pesos |
| 28 | Zacatecas | 347.4 billion pesos |
| 29 | Baja California Sur | 252.8 billion pesos |
| 30 | Nayarit | 224.7 billion pesos |
| 31 | Colima | 214.8 billion pesos |
| 32 | Tlaxcala | 200.2 billion pesos |
GDP per person, 2024 (GDP / CONAPO mid-2024 population) (2024)
Colima ranks 13 of 32, highest first.
| Rank | Region | GDP per person, 2024 (GDP / CONAPO mid-2024 population) |
|---|---|---|
| 10 | Baja California Sur | 285,276 pesos |
| 11 | Aguascalientes | 284,884 pesos |
| 12 | Tabasco | 282,563 pesos |
| 13 | Colima | 281,708 pesos |
| 14 | Tamaulipas | 271,128 pesos |
| 15 | San Luis Potosi | 264,089 pesos |
| 16 | Quintana Roo | 250,180 pesos |
Real GDP growth, 2024 (2024)
Colima ranks 12 of 32, highest first.
| Rank | Region | Real GDP growth, 2024 |
|---|---|---|
| 9 | Nuevo Leon | 3.4% |
| 10 | Hidalgo | 2.9% |
| 11 | Tamaulipas | 2.7% |
| 12 | Colima | 2.6% |
| 13 | State of Mexico | 2.3% |
| 14 | Chiapas | 2.2% |
| 15 | Mexico City | 2.2% |
Real GDP growth, 2018-2024 (cumulative) (2018-2024)
Colima ranks 22 of 32, highest first.
| Rank | Region | Real GDP growth, 2018-2024 (cumulative) |
|---|---|---|
| 19 | San Luis Potosi | 3.8% |
| 20 | State of Mexico | 3.3% |
| 21 | Tlaxcala | 2.6% |
| 22 | Colima | 2.4% |
| 23 | Quintana Roo | 2.0% |
| 24 | Queretaro | 1.8% |
| 25 | Baja California Sur | 1.7% |
Manufacturing share of gross value added, 2024 (2024)
Colima ranks 25 of 32, highest first.
| Rank | Region | Manufacturing share of gross value added, 2024 |
|---|---|---|
| 22 | Michoacan | 11.4% |
| 23 | Sinaloa | 8.7% |
| 24 | Chiapas | 7.9% |
| 25 | Colima | 6.0% |
| 26 | Tabasco | 5.9% |
| 27 | Mexico City | 5.4% |
| 28 | Nayarit | 5.4% |
Unemployment rate, Q2 2026 (Q2 2026)
Colima ranks 30 of 32, highest first.
| Rank | Region | Unemployment rate, Q2 2026 |
|---|---|---|
| 26 | Puebla | 1.8% |
| 27 | Michoacan | 1.8% |
| 28 | Yucatan | 1.7% |
| 29 | Morelos | 1.7% |
| 30 | Colima | 1.6% |
| 31 | Guerrero | 1.1% |
| 32 | Oaxaca | 0.8% |
Labour force participation rate (age 15+), Q2 2026 (Q2 2026)
Colima ranks 4 of 32, highest first.
| Rank | Region | Labour force participation rate (age 15+), Q2 2026 |
|---|---|---|
| 1 | Baja California Sur | 66.7% |
| 2 | Nayarit | 66.7% |
| 3 | Quintana Roo | 66.4% |
| 4 | Colima | 65.5% |
| 5 | Yucatan | 64.1% |
| 6 | Mexico City | 62.9% |
| 7 | Sonora | 62.7% |
Labour informality rate (TIL1), Q2 2026 (Q2 2026)
Colima ranks 21 of 32, highest first.
| Rank | Region | Labour informality rate (TIL1), Q2 2026 |
|---|---|---|
| 18 | Guanajuato | 54.8% |
| 19 | Sinaloa | 49.0% |
| 20 | Jalisco | 46.5% |
| 21 | Colima | 46.2% |
| 22 | Mexico City | 45.3% |
| 23 | Quintana Roo | 45.0% |
| 24 | Tamaulipas | 44.4% |
Average income per hour worked, employed people, Q2 2026 (Q2 2026)
Colima ranks 4 of 32, highest first.
| Rank | Region | Average income per hour worked, employed people, Q2 2026 |
|---|---|---|
| 1 | Baja California Sur | 103.33 pesos |
| 2 | Mexico City | 103.26 pesos |
| 3 | Nuevo Leon | 95.07 pesos |
| 4 | Colima | 88.59 pesos |
| 5 | Chihuahua | 85.34 pesos |
| 6 | Sinaloa | 85.30 pesos |
| 7 | Baja California | 84.63 pesos |
Average quarterly current income per household, 2024 (2024)
Colima ranks 12 of 32, highest first.
| Rank | Region | Average quarterly current income per household, 2024 |
|---|---|---|
| 9 | Quintana Roo | 88,754 pesos |
| 10 | Coahuila | 87,652 pesos |
| 11 | Jalisco | 87,199 pesos |
| 12 | Colima | 86,241 pesos |
| 13 | Sinaloa | 82,837 pesos |
| 14 | Yucatan | 79,972 pesos |
| 15 | Tamaulipas | 77,302 pesos |
Average quarterly current income per person, 2024 (2024)
Colima ranks 7 of 32, highest first.
| Rank | Region | Average quarterly current income per person, 2024 |
|---|---|---|
| 4 | Baja California | 31,880 pesos |
| 5 | Sonora | 29,456 pesos |
| 6 | Queretaro | 29,266 pesos |
| 7 | Colima | 29,015 pesos |
| 8 | Chihuahua | 29,005 pesos |
| 9 | Quintana Roo | 27,535 pesos |
| 10 | Jalisco | 26,651 pesos |
Gini coefficient of income per person, 2024 (2024)
Colima ranks 20 of 32, highest first. Gini coefficient: 0 means everyone has the same income, 1 means one person has all of it.
| Rank | Region | Gini coefficient of income per person, 2024 |
|---|---|---|
| 17 | Aguascalientes | 0.381 |
| 18 | Morelos | 0.380 |
| 19 | Chihuahua | 0.379 |
| 20 | Colima | 0.378 |
| 21 | Nayarit | 0.378 |
| 22 | State of Mexico | 0.378 |
| 23 | Durango | 0.376 |
More on Colima: overview · health · education and schools · poverty and living standards · government budget · Mexico
Sources
- Instituto Nacional de Estadistica y Geografia (INEGI): Encuesta Nacional de Ingresos y Gastos de los Hogares (ENIGH) 2024, nueva serie, tables by federal entity: 1.3 (households), 2.1 and 2.3 (average quarterly current income per household and per person, deciles and Gini, 2016-2024 at constant 2024 prices), 4.5 (household spending by category), 6.1 (income and spending per household), read 23 October 2026 · saved copy (SHA-256 70b3c7ea2dc8…)
- Instituto Nacional de Estadistica y Geografia (INEGI): Encuesta Nacional de Ocupacion y Empleo (ENOE): strategic indicators of occupation and employment, April-June 2026, national and federal entity tables, read 23 October 2026 · saved copy (SHA-256 ad9d2139d9ee…)
- Instituto Nacional de Estadistica y Geografia (INEGI): Encuesta Nacional de Ocupacion y Empleo (ENOE): strategic indicators of occupation and employment, April-June 2025, national and federal entity tables, read 23 October 2026 · saved copy (SHA-256 8e9948078b2c…)
- Instituto Nacional de Estadistica y Geografia (INEGI): ENOE, informalidad laboral: quarterly labour informality and informal-sector rates by federal entity and sex, 2005-2026 (Tasas_Infor_enti-1.xlsx), read 23 October 2026 · saved copy (SHA-256 d940bbd2871c…)
- Instituto Nacional de Estadistica y Geografia (INEGI): Producto Interno Bruto por Entidad Federativa (PIBE), base year 2018, series 2003-2024 (2024 revised): tables PIBE_2 (GDP), PIBE_4 (gross value added), PIBE_5, PIBE_12 and PIBE_31 (primary, secondary and tertiary activities), PIBE_13 and PIBE_14 (mining, oil mining), PIBE_18 (manufacturing), PIBE_44 (accommodation and food services), read 23 October 2026 · saved copy (SHA-256 c2de99570137…)
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