Economy, jobs and prices in Queretaro, Mexico: official figures
The gross domestic product of Queretaro was 803.7 billion pesos in 2024 at current prices, according to INEGI, 2.4% of Mexico's 33.58 trillion pesos and 14th largest of 32 federal entities. In current pesos it was up 4.2% on 2023.
How fast is the economy of Queretaro growing?
After removing price changes, the economy of Queretaro grew 1.4% in 2024, against 1.5% for Mexico as a whole; 16th slowest growth of 32.
Source: Instituto Nacional de Estadistica y Geografia (INEGI) · saved copyHas the economy of Queretaro grown since 2018?
In real terms GDP in Queretaro was 1.8% higher in 2024 than in 2018 (Mexico 5.0% higher), 9th smallest growth of 32. Since 2003 it has grown 72.2% in real terms (Mexico 41.9%), and its share of national GDP has moved from 1.79% to 2.39%.
Source: Instituto Nacional de Estadistica y Geografia (INEGI) · saved copyWhat is the GDP per capita of Queretaro?
Dividing 2024 GDP by CONAPO's mid-2024 population gives 308,319 pesos per person in Queretaro, 1.21 times the national figure of 253,888 pesos; 8th highest of 32.
Source: Instituto Nacional de Estadistica y Geografia (INEGI) · saved copyWhat are the main industries in Queretaro?
In 2024 tertiary activities (trade and services) made up 53.3% of gross value added in Queretaro, secondary activities (industry, mining, construction and utilities) 43.6% and primary activities (farming, livestock, forestry and fishing) 3.1% (10th lowest farm share of 32; Mexico 4.1%).
Source: Instituto Nacional de Estadistica y Geografia (INEGI) · saved copyHow important is manufacturing in Queretaro?
Manufacturing produced 33.9% of gross value added in Queretaro in 2024 (7th highest of 32; Mexico 21.5%), and mining 0.77%. Hotels and restaurants accounted for 2.0% (15th lowest of 32).
Source: Instituto Nacional de Estadistica y Geografia (INEGI) · saved copyWhat is the unemployment rate in Queretaro?
The unemployment rate in Queretaro was 2.3% in April to June 2026, according to INEGI's ENOE labour force survey, against 2.7% for Mexico; 12th lowest of 32.
Source: Instituto Nacional de Estadistica y Geografia (INEGI) · saved copyWhat was the unemployment rate in Queretaro in 2025?
A year earlier, in April to June 2025, the ENOE put unemployment in Queretaro at 2.1% (Mexico 2.7%; 9th lowest of 32), with 1,187,467 people in work and labour force participation of 60.9%.
Source: Instituto Nacional de Estadistica y Geografia (INEGI) · saved copyHow many people work in Queretaro?
About 1,217,940 people in Queretaro were working in April to June 2026 and 28,618 were unemployed. 60.8% of residents aged 15 and over were in the labour force (11th highest of 32; Mexico 59.1%).
Source: Instituto Nacional de Estadistica y Geografia (INEGI) · saved copyHow many workers in Queretaro are informal?
39.2% of employed people in Queretaro worked informally in April to June 2026 (without social security through their job or in unregistered businesses), against 55.1% nationally; 5th lowest of 32. A year earlier the rate was 42.1%.
Source: Instituto Nacional de Estadistica y Geografia (INEGI) · saved copyIs informal work in Queretaro falling?
Labour informality in Queretaro was 39.2% in April to June 2026, down 0.8 percentage points on the same quarter of 2019 (40.0%) and down 12.5 percentage points on 2005 (51.6%), when INEGI's quarterly series begins.
Source: Instituto Nacional de Estadistica y Geografia (INEGI) · saved copyWhat jobs do people do in Queretaro?
In April to June 2026, 47.5% of workers in Queretaro had no access to health services through their work, 72.6% were salaried employees, and 24.9% worked in manufacturing; 3.9% worked in farming, livestock, forestry or fishing.
Source: Instituto Nacional de Estadistica y Geografia (INEGI) · saved copyWhat is the average wage in Queretaro?
Employed people in Queretaro earned an average of 73.86 pesos per hour worked in April to June 2026 (Mexico 70.26 pesos; 13th highest of 32), and worked an average of 42.1 hours a week (Mexico 41.5).
Source: Instituto Nacional de Estadistica y Geografia (INEGI) · saved copyWhat is the average household income in Queretaro?
Average current income per household in Queretaro was 97,615 pesos a quarter in 2024 (about 32,538 pesos a month), against 77,864 pesos for Mexico, according to INEGI's ENIGH household survey; 5th highest of 32.
Source: Instituto Nacional de Estadistica y Geografia (INEGI) · saved copyIs household income rising in Queretaro?
At constant 2024 prices, average household income in Queretaro was up 17.8% on 2022 and up 14.8% on 2016 (Mexico up 10.8% since 2016).
Source: Instituto Nacional de Estadistica y Geografia (INEGI) · saved copyWhat is the income per person in Queretaro?
Income per person in Queretaro averaged 29,266 pesos a quarter in 2024 (Mexico 23,217 pesos; 6th highest of 32). The richest tenth of people had 13.6 times the average income of the poorest tenth.
Source: Instituto Nacional de Estadistica y Geografia (INEGI) · saved copyHow unequal is income in Queretaro?
The Gini coefficient of income per person in Queretaro was 0.401 in 2024 (Mexico 0.417), 8th most unequal of 32; in 2016 it was 0.448.
Source: Instituto Nacional de Estadistica y Geografia (INEGI) · saved copyHow much do households in Queretaro spend?
The 760,271 households of Queretaro spent an average of 77,692 pesos a quarter on current consumption in 2024 (Mexico 61,309 pesos); 34.8% of their cash spending went on food, drink and tobacco (Mexico 37.7%).
Source: Instituto Nacional de Estadistica y Geografia (INEGI) · saved copyHow Queretaro compares with other states
GDP at current prices, 2024 (2024)
Queretaro ranks 14 of 32, highest first.
| Rank | Region | GDP at current prices, 2024 |
|---|---|---|
| 11 | Sonora | 1.11 trillion pesos |
| 12 | Tamaulipas | 1.01 trillion pesos |
| 13 | Michoacan | 924.0 billion pesos |
| 14 | Queretaro | 803.7 billion pesos |
| 15 | San Luis Potosi | 780.6 billion pesos |
| 16 | Sinaloa | 711.1 billion pesos |
| 17 | Tabasco | 695.5 billion pesos |
GDP per person, 2024 (GDP / CONAPO mid-2024 population) (2024)
Queretaro ranks 8 of 32, highest first.
| Rank | Region | GDP per person, 2024 (GDP / CONAPO mid-2024 population) |
|---|---|---|
| 5 | Sonora | 355,689 pesos |
| 6 | Chihuahua | 321,837 pesos |
| 7 | Baja California | 317,907 pesos |
| 8 | Queretaro | 308,319 pesos |
| 9 | Jalisco | 287,302 pesos |
| 10 | Baja California Sur | 285,276 pesos |
| 11 | Aguascalientes | 284,884 pesos |
Real GDP growth, 2024 (2024)
Queretaro ranks 17 of 32, highest first.
| Rank | Region | Real GDP growth, 2024 |
|---|---|---|
| 14 | Chiapas | 2.2% |
| 15 | Mexico City | 2.2% |
| 16 | Tlaxcala | 1.7% |
| 17 | Queretaro | 1.4% |
| 18 | Guerrero | 1.2% |
| 19 | Michoacan | 1.0% |
| 20 | San Luis Potosi | 0.9% |
Real GDP growth, 2018-2024 (cumulative) (2018-2024)
Queretaro ranks 24 of 32, highest first.
| Rank | Region | Real GDP growth, 2018-2024 (cumulative) |
|---|---|---|
| 21 | Tlaxcala | 2.6% |
| 22 | Colima | 2.4% |
| 23 | Quintana Roo | 2.0% |
| 24 | Queretaro | 1.8% |
| 25 | Baja California Sur | 1.7% |
| 26 | Nayarit | 1.5% |
| 27 | Aguascalientes | 0.1% |
Manufacturing share of gross value added, 2024 (2024)
Queretaro ranks 7 of 32, highest first.
| Rank | Region | Manufacturing share of gross value added, 2024 |
|---|---|---|
| 4 | Aguascalientes | 35.8% |
| 5 | Chihuahua | 35.1% |
| 6 | Nuevo Leon | 33.9% |
| 7 | Queretaro | 33.9% |
| 8 | Tamaulipas | 32.9% |
| 9 | Guanajuato | 32.3% |
| 10 | Sonora | 30.6% |
Unemployment rate, Q2 2026 (Q2 2026)
Queretaro ranks 21 of 32, highest first.
| Rank | Region | Unemployment rate, Q2 2026 |
|---|---|---|
| 18 | Jalisco | 2.4% |
| 19 | Quintana Roo | 2.4% |
| 20 | Nayarit | 2.4% |
| 21 | Queretaro | 2.3% |
| 22 | Baja California Sur | 2.3% |
| 23 | Hidalgo | 2.2% |
| 24 | Chiapas | 2.2% |
Labour force participation rate (age 15+), Q2 2026 (Q2 2026)
Queretaro ranks 11 of 32, highest first.
| Rank | Region | Labour force participation rate (age 15+), Q2 2026 |
|---|---|---|
| 8 | Tlaxcala | 61.8% |
| 9 | Puebla | 61.2% |
| 10 | Oaxaca | 61.2% |
| 11 | Queretaro | 60.8% |
| 12 | Durango | 60.7% |
| 13 | Guanajuato | 60.7% |
| 14 | Nuevo Leon | 60.7% |
Labour informality rate (TIL1), Q2 2026 (Q2 2026)
Queretaro ranks 28 of 32, highest first.
| Rank | Region | Labour informality rate (TIL1), Q2 2026 |
|---|---|---|
| 25 | Sonora | 43.9% |
| 26 | Aguascalientes | 42.5% |
| 27 | Baja California Sur | 39.6% |
| 28 | Queretaro | 39.2% |
| 29 | Baja California | 36.2% |
| 30 | Coahuila | 35.5% |
| 31 | Chihuahua | 35.1% |
Average income per hour worked, employed people, Q2 2026 (Q2 2026)
Queretaro ranks 13 of 32, highest first.
| Rank | Region | Average income per hour worked, employed people, Q2 2026 |
|---|---|---|
| 10 | Coahuila | 78.11 pesos |
| 11 | Tamaulipas | 76.27 pesos |
| 12 | Nayarit | 74.93 pesos |
| 13 | Queretaro | 73.86 pesos |
| 14 | Yucatan | 73.81 pesos |
| 15 | Aguascalientes | 72.94 pesos |
| 16 | Durango | 69.86 pesos |
Average quarterly current income per household, 2024 (2024)
Queretaro ranks 5 of 32, highest first.
| Rank | Region | Average quarterly current income per household, 2024 |
|---|---|---|
| 2 | Mexico City | 110,685 pesos |
| 3 | Baja California Sur | 104,728 pesos |
| 4 | Baja California | 101,187 pesos |
| 5 | Queretaro | 97,615 pesos |
| 6 | Sonora | 94,721 pesos |
| 7 | Chihuahua | 92,363 pesos |
| 8 | Aguascalientes | 89,819 pesos |
Average quarterly current income per person, 2024 (2024)
Queretaro ranks 6 of 32, highest first.
| Rank | Region | Average quarterly current income per person, 2024 |
|---|---|---|
| 3 | Baja California Sur | 33,381 pesos |
| 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 |
Gini coefficient of income per person, 2024 (2024)
Queretaro ranks 8 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 |
|---|---|---|
| 5 | Chiapas | 0.413 |
| 6 | San Luis Potosi | 0.409 |
| 7 | Yucatan | 0.402 |
| 8 | Queretaro | 0.401 |
| 9 | Puebla | 0.399 |
| 10 | Michoacan | 0.396 |
| 11 | Campeche | 0.393 |
More on Queretaro: 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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