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New growing economy in Mexico

New growing economy in Mexico gives the green light to international investment and settlement. With solid macroeconomic institutions, Mexico is the second-largest economy in LATAM and among the 15 biggest economies in the world. After rising by 5.9% in 2021, the Mexicos’ GDP will increase by 3.3% in 2022 and 2.5% in 2023. The progressive improvement in the labor market and the growing percentage of the population that is vaccinated and immunized will promote consumption. In addition, infrastructure initiatives will boost investment, and inflation will gradually decrease after a significant increase in 2021.

You can discover Mexico’s 6 Leading Destinations for Innovation Ecosystems at


In terms of formal employment, the number of workers connected with the Mexican Social Security Institute (IMSS) increased by 846 thousand in 2021, the highest number of positions created since 1998, according to this study. This is primarily due to the economic recovery, which allowed people to return to work after the closure and lost almost 1.1 million employees.

Service sector

The service sector in Mexico’s economy is very robust. This sector accounted for 64.07% of GDP and 61.07% of the labor force in the second quarter of 2021, while the industrial sector accounted for 28.33% of GDP and 25.12% of the workforce. Moreover, technological development plays a vital part in the service sector as Mexico currently boasts the world’s largest fin-tech industry. The number of digital startups quadrupled since 2010, and government and venture capital investment in the startup ecosystem is rising. 


Inflation is expected to drop, with the headline rate lowering faster and more pronounced than the core rate. The prediction is that headline inflation will climb slower each quarter, reaching 4.1 percent by the end of 2022. Meanwhile, we estimate core inflation to rise in the first quarter of this year before gradually falling over the next three months, completing the year at 4.5 percent. Inflation is expected to return to more low levels in 2023, closing at 3.5 percent.

So why settle your business in Mexico? 

As a nearshoring opportunity, Mexico has the potential to become a natural bridge between the Atlantic and the Asia-Pacific regions. The continuous expansion of the Mexican economy will be enabled by the Mexican government’s economic development strategy, which includes a consolidation of domestic consumption as a result of the implementation of social programs and financial inclusion, an increase in private investment in infrastructure and strategic sectors, a higher level of public investment, and an increase in exports as a result of global value chain reconfiguration.

Technological development is around the corner when talking about Mexico’s vast talent pool. Mexico’s workforce boasts superior English and Spanish language skills, closeness to the United States and Canada, handy time zones, and collaborative culture, thanks to higher education, a growing middle class, and women’s economic engagement. As a result, Mexico is well-positioned to assist international technology growth, with over 650,000 working technology experts and a technology workforce growing three times faster than the world average.

Mexico aspires now to build its economy via appropriate economic, technological, financial, and commercial policies, despite the conditions that have hindered growth in recent years.

About ITJ

ITJ is devoted to serving fast-growing and high-value market sectors, particularly the Internet of Medical Things (IoMT), working with innovative medical device companies looking to improve people’s lives. With a unique BOT (build, operate, and transfer) model that sources only the best digital talent available, ITJ enables companies in the US to create technology centers of excellence in Mexico. For more information, visit

Maritza Diaz

Maritza Diaz featured in Women of Influence in Tech 2022 by SDBJ

SAN DIEGO, March 28, 2022 — As the second consecutive year, The San Diego Business Journal has acknowledged Maritza Diaz, CEO of ITJ, as one of the Women of Influence in Technology 2022. This honorific mention showcases female technology trailblazers’ careers and accomplishments that continues to inspire women in the tech industry.

Since launching in 2019, Maritza Diaz helms ITJ, a technology services company based in San Diego,devoted to serving fast-growing, high-value market sectors that contribute to the growth of the Cali Baja region. With a Nearshore model, working with the highest quality software engineers, data scientists, and creative designers from across Mexico and Latin America, ITJ enables companies to create world-class software engineering centers of excellence in Tijuana, MX. The proximity between San Diego and Tijuana border is helping to create a thriving innovation ecosystem in the Cali Baja region allowing high quality software engineering centers to settle and prosper.

“The significance of this award transcends individuals, barriers, and borders. We are building role models that future generations of women can look up to and believe that anything is possible and that their future is in their hands”.

About Maritza Diaz

Maritza Diaz has established herself as a thought leader and advocate in the field of cross-border collaboration in the software industry between San Diego and Baja California to help leverage the region’s strength to build a thriving innovation economy that leads the digital transformation for companies in California over the last seven years. Maritza is a seasoned technology executive with over 25 years of experience in IT and Software Engineering. She is a member of the Forbes Technology Council and is a member of the board of directors of the Federal Reserve Bank of San Francisco where she represents San Diego. 

About the award

The San Diego Business Journal’s Women of Influence in Technology 2022 award is granted to outstanding and hardworking women in the tech sector who have made remarkable contributions in their field throughout time. The Top 50 Women of Influence 2022 are announced first, followed by SDBJ’s spotlight on the 8 women of distinction.