Economy Mexico_City

mexican stock exchange in paseo de la reforma, mexico city

mexico city 1 of important economic hubs in latin america. city proper produces 15.8% of country s gross domestic product. according study conducted pwc, mexico city had gdp of $390 billion, ranking eighth richest city in world , richest in latin america. mexico city alone rank 30th largest economy in world. mexico city greatest contributor country s industrial gdp (15.8%) , greatest contributor country s gdp in service sector (25.3%). due limited non-urbanized space @ south—most of protected through environmental laws—the contribution of federal district in agriculture smallest of federal entities in country. mexico city has 1 of world s fastest-growing economies , gdp set double 2020.

in 2002, mexico city had human development index score of 0.915, identical of south korea.

the top twelve percent of gdp per capita holders in city had mean disposable income of us$98,517 in 2007. high spending power of mexico city inhabitants makes city attractive companies offering prestige , luxury goods.

the economic reforms of president carlos salinas de gortari had tremendous effect on city, number of businesses, including banks , airlines, privatized. signed north american free trade agreement (nafta). led decentralization , shift in mexico city s economic base, manufacturing services, factories moved away either state of mexico, or more commonly northern border. contrast, corporate office buildings set base in city.