In Q3 2024, Mexico saw $17.06 billion in remittances, with Jalisco alone receiving $1.45 billion - up 5% from last year. Municipalities like Guadalajara, Zapopan, and Tepatitlán benefit most, underscoring the key role of remittances in bolstering local economies.
Jalisco’s economy is showing promising growth, with Grupo Financiero Actinver reporting strong indicators for 2024. Key highlights include $27.6 billion in exports, $1.49 billion in foreign investment, and a boost in remittances to $5.36 billion. Job creation and retail sales also reflect steady progress.
The Jalisco State Congress has approved harsher penalties for those who mistreat animals. The new law aims to protect the rights of thousands of animals suffering from abuse and neglect in the region. With these stricter punishments, Jalisco is sending a clear message that animal cruelty will not be tolerated.
In an extraordinary session, the Jalisco Congress has decriminalized abortion up to 12 weeks of gestation, making it the 14th state in Mexico to do so. The ruling repeals abortion as a crime from the state’s Penal Code and grants pregnant women the legal right to decide whether to terminate a pregnancy.
Mexican President Claudia Sheinbaum plans to boost the country’s minimum wage by 12% annually, aiming to cover 2.5 basic food baskets. Her administration is also pushing for a 40-hour workweek and equal pay reforms, striving to uplift workers and promote gender equality.
For September 2024, the total number of terminal passengers at GAP’s 12 Mexican airports decreased by 3.6%, compared to September 2023. Guadalajara presented an increase in passenger traffic of 4.1%, while Los Cabos, Tijuana, and Puerto Vallarta presented a decrease in passenger traffic of 9.9%, 6.2%, and 5.1% respectively.
The United Kingdom's love affair with Mexico continues to blossom, with a significant surge in British tourists visiting the country in the first half of 2024. Puerto Vallarta, a favorite beach vacation destination, has emerged as a particular hotspot, benefiting greatly from this trend.
On October 1, 2024, Claudia Sheinbaum made history as Mexico's first female president during a grand inauguration in Mexico City. The day, declared a national holiday, celebrated a new chapter for Mexico, one of hope, progress, and opportunity for all, especially women, who now see themselves represented at the highest level of leadership.
The state of Jalisco is celebrating a remarkable surge in tourism, thanks to strategic promotional efforts by the Jalisco Tourism Secretariat (Secturjal). The sector has contributed significantly to the state's economy, accounting for 8% of its Gross Domestic Product (GDP) so far this year.
Microsoft CEO Satya Nadella has announced a $1.3 billion investment in Mexico to enhance cloud infrastructure and AI technology. Over the next three years, this initiative will drive digital transformation, boost business growth, and provide AI training to 5 million people across the country.
