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Jalisco’s New FDI Leaps 81% in Q3 as Year-to-Date Inflows Decline 22%

Business leaders blame weaker overall flows on uncertainty around the USMCA review.

Overview

  • Mexico’s Economy Ministry reported $333 million in new investments for Jalisco in Q3 2025, up from $184 million a year earlier, an 81% increase.
  • In the new-investments category, Jalisco ranked third nationwide behind Mexico City ($3,658 million) and Quintana Roo ($613 million), ahead of Nuevo León ($319 million) and Estado de México ($25 million).
  • The reported surge pertains specifically to the ‘new investments’ component of foreign direct investment, which is distinct from reinvested earnings and intercompany accounts.
  • Despite the Q3 jump in new commitments, total FDI to Jalisco reached $902 million in January–September 2025, down 22% from $1,161 million a year earlier, placing the state sixth nationally.
  • AMCHAM Guadalajara cited uncertainty over the USMCA review, concerns about legal certainty, energy availability and security, while noting investment sentiment remains positive.