ANNUAL ECONOMIC GROWTH OF 11.1% IN QUINTANA ROO
The Riviera Maya belongs to the state of Quintana Roo, which in the last 5 years has ranked as the state with the highest economic growth nationwide. During the third quarter of 2022, economic activity showed an annual advance of 3.13%, much higher than that of the rest of the country, as shown in the graph.
In the first quarter of 2023, the states of Quintana Roo, Oaxaca and Baja California Sur lead the list of the states with the highest growth with accumulated annual increases in their activity of 11.1%, 9.0% and 8.3%, respectively.
This state economic growth accumulated in 12 months of 11.1% is due to the rise of 0.3% and 12.6% in secondary and tertiary activities, respectively. In turn, primary activities decreased by 6.6%. There is also a benefit in the recovery of the construction sector that closed the year, especially in the private industry, greater than 233% after the previous pandemic period.
Tertiary activities contributed 7.5% to the total variation of the state.
What are the tertiary economic activities?
They correspond to the economic sector that includes activities related to services that do not produce or transform material goods and that are offered to satisfy the needs of the population, such as the following:
In the third quarter of 2022, the State registered an annual variation of 8.4% in these activities, thus ranking first at the national level.
This scenario of sustained economic growth in the state of Quintana Roo represents a very attractive area of opportunity for investors. Investing in real estate in the capital of tourism (Cancun and the Riviera Maya) is an excellent financial option, it is one of the most solid segments for investment in this 2023. Without a doubt, it is a solid and viable choice, with constant growth, economically rewarding the owner and increasing his heritage, especially in this region of the country where economic growth is increasing year after year compared to other regions of Mexico.
If you have never invested in real estate, now is your chance to do so at “Mayakaan Residences” by Wyndham Grand! We are here to help you change your future safely in the most magnetic and profitable project in the Riviera Maya. Contact us and we will explain in detail why investing with us is a smart real estate investment. To date, real estate investments continue to be one of the best options on the market to have a fixed and guaranteed income.
¡If you are reading this, it is because you are a person with an investment vision!