Economy of the State of Hidalgo

From Wikipedia, the free encyclopedia

Population3,082,841
GDP$24,400,000,000[citation needed]
Unemployment1.95%[1]
Economy of Hidalgo
Statistics
Population3,082,841
GDP$24,400,000,000[citation needed]
Unemployment1.95%[1]
All values, unless otherwise stated, are in US dollars.

The economy of the Mexican state of Hidalgo is based on a free market system. Its gross domestic product (GDP) in 2024 was $31.8 billion USD, contributing 1.72% to Mexico's national GDP.[2][3][1]

Hidalgo's largest economic sectors are manufacturing, textile manufacturing, and metallurgy. Hidalgo's exports comprise industrial machinery, transportation technology, and mineral products.[4]

The state of Hidalgo is traditionally a mining center. The main products extracted from its soil are sulfur, zinc, and lead; silver and gold are also extracted, although reserves have largely been depleted. Agriculturally, the main crops include alfalfa, maguey, sugarcane, barley, beans, and coffee. Hidalgo's waters have carp, trout, and a small lake fish called charal.[5]

Gross domestic product

GDP Hidalgo. Percentage share in current values (preliminary figures)
Sector of economic activity Percentage
Primary Activities 3.67
Agriculture, animal husbandry and exploitation, forestry, fishing and hunting 3.67
Side Activities 41.98
Mining 1.06
Generation, transmission and distribution of electricity, water and gas supply by pipelines to the final consumer 2.52
Construction 9.56
Manufacturing 28.84
Tertiary activities 54.35
Commerce 14.38
Temporary lodging and food and beverage preparation services 1.87
Transport and Information in the Mass Media 8.91
Financial & Real Estate Services 13.79
Educational & Medical Services 9.07
Government Activities 4.52
Other services 1.81
Source: INEGI (2015).[6]

The gross domestic product of Hidalgo amounted to 276,784 million pesos in 2014,[2] and the GDP per capita was 97,364 pesos.[2]

Manufacturing industries are the most important sector in Hidalgo; these industries contributed 33.3% of Hidalgo's GDP in 2003 in current pesos. This contribution decreased to 29% in 2014, due to a low real average annual growth of 0.7% from 2003 to 2014.[citation needed] Among the sectors that grew the most during this period were financial and insurance services, information, and mass media, which presented average annual real growth rates of 13.3 and 9.4%, respectively, figures well above the 2.7% reached by the total GDP of the state in the period.[2] Tula de Allende concentrates almost half of the wealth generation in the state, contributing 0.34% of the gross domestic product (GDP). However, according to the Mexican Business Information System (MBIS), there are very few companies in that region.[7] Tula contributes 47.6 percent of the state's gross domestic product (GDP), and Pachuca de Soto contributes 13.6 percent of the wealth, so between the two cities they concentrate more than 60 percent of the total value.

Human Development Index

The most recent information (2023) places Hidalgo with a state Human Development Index of 0.77 (High), comparable to Azerbaijan[8]. The gross domestic product of Hidalgo in 2014 represented 1.7% of the national total and compared to the previous year, had an increase of 0.12%.[citation needed] As of December 2025, the unemployment rate was 1.95%.[9]

In 2010, Mineral de la Reforma was the municipality with the highest human development in Hidalgo, with an HDI of 0.822; in contrast, the municipality with the lowest performance in the state is Tepehuacán de Guerrero, whose HDI is 0.537.[10] The development gap between the two municipalities is 34.6%.[10]

Comparing the difference in development of the municipalities to countries, in Hidalgo there are development conditions similar to those of Barbados and Lao People's Democratic Republic.[11]

Economically active population and employed personnel

In 2013, the total number of people employed was 353,978;[12] of these, 50.4% corresponded to paid employed personnel; 37.5% to owners, family members and other workers, who collaborated for the economic unit without receiving remuneration and 12.1% were made up of personnel who are non-dependent on the company name.[12] For the total employed personnel, 33.1% were concentrated in Commerce, 32.4% in Non-Financial Private Services and 25.7% in Manufacturing.[12]

By the third quarter of 2016, the Economically Active Population (EAP) amounted to 1,230,173 people, of whom 61.7% were men and 38.3% were women.[13] In total, the EAP represented 57.64% of the working-age population.[13] Of the total EAP, 97.33% was occupied and 2.67% unoccupied.[13] Of the total, 798,603 were salaried, 290,541 were self-employed, 48,304 were employers, and 59,909 were unpaid.[13]

Poverty and social marginalization

Percentage and number of people by poverty indicator.
Indicator Population Percentage of population
Moderate poverty 1,197,356 42.0%
Extreme poverty 350 456 12.3%
Vulnerable due to social deprivation 735 629 25.8%
Income Vulnerable 145 501 5.1%
Not poor and not vulnerable 421 354 14.8%
Unspecified 8063
Source: Estimates by the CONEVAL, 2014.[14]

According to the National Council for the Evaluation of Social Development Policy in 2014, 54.3% of the total population lived in poverty, of which 42.0% were in moderate poverty and 12.3% were in extreme poverty.[15] According to measurements, in 2008, 55.0% of the population was in poverty; by 2010, it decreased to 54.8%, by 2012, it decreased to 52.8% and by 2014, the percentage increased again to 54.3%.[15][16] The municipalities with the highest percentage of their population living in poverty were Yahualica, Xochiatipan, Tepehuacán de Guerrero, Huehuetla and Calnali.[16] The municipalities with the lowest percentage of their population living in extreme poverty were: Mineral de la Reforma, Pachuca de Soto, Tizayuca, Atotonilco de Tula and Tepeji del Río de Ocampo.[16] On the other hand, those with the highest concentration of people in poverty were: Pachuca de Soto, Huejutla de Reyes, Tulancingo de Bravo, Ixmiquilpan, Tula de Allende.[16]

The municipalities with the highest percentage of the population living in extreme poverty were: Xochiatipan, Yahualica, Huehuetla, Tepehuacán de Guerrero and San Felipe Orizatlán.[16] The municipalities with the lowest percentage of their population living in extreme poverty were: Mineral de la Reforma, Pachuca de Soto, Tizayuca, Atotonilco de Tula and Tepeapulco.[16]

19.1% of the population is behind in education; 17.3% lack access to health services; 68.9% lack access to social security;[14] 9.2% have lack of access to housing; 27.0% lack basic services in their homes, and 31.7% lack access to food.[14]

The five municipalities with the highest degree of marginalization in the state are: Huehuetla, Yahualica and Xochiatipan.[17] The five municipalities with the lowest degree of marginalization in the state are: Pachuca de Soto, Mineral de la Reforma, Tepeapulco, Tizayuca and Atitalaquia.[17]

Sectors of economic activity

See also

References

Related Articles

Wikiwand AI