Rural economy in Yucatan and the impact of COVID-19

Abstract

In the second trimester of 2020, Mexico’s GDP fell by 53.2% due to the mitigation actions against SARS-CoV-2 virus. We prepared a Social Accounting Matrix for the Geohydrological Reserve “Anillo de los Centoes” in Yucatan and employed two Leontief type multi sectoral analysis. The first models a 3-month loss in household income. The result was a -24.19% drop in GDP, with an impact on all productive and service activities. The second scenario models a 5-month loss of income. The GDP fell to a critical: -40.13%. Keywords: COVID-19, multisectoral analysis, Social Accounting Matrix, rural income