WHY THE GULF STATES?
Ciudad de México
With a market of 8.85 million individuals, Mexico City is the most highly populated city in Mexico. Its economic activity makes up 17.7% of the national GDP—that is to say $403.5 million US, with a per capita GDP of $19,232 US. Dominated by trade in goods and services, the city lists over 81,000 businesses.
The Jalisco region and the city of Guadalajara
The fourth most highly populated region in the country, Jalisco has 7.35 million inhabitants (2010). Its economic activity contributes 6.3% to the national GDP, and is focused on trade, tourism, manufacturing, and services. There are over 55,000 businesses in the region. The region’s capital, Guadalajara, is a market of 1.5 million inhabitants (2010), reaching a total GDP of $77.4 million US, with a per capita GDP of $16,855 US in 2014. A veritable Mexican Silicon Valley, the city is the country’s main source of electronic and digital products. It is also one of the best Mexican cities for garment distribution, and for numerous health care sub-sectors, which have seen sustained improvement in the last few years. As in several other Mexican provinces, the tourism industry is exceptionally strong, notably due to the area’s culture and gastronomy.
The Nuevo León region and the city of Monterrey
The eighth most highly populated region, Nuevo León is a market of 4.65 million individuals (2010). Its economic activity contributes 7.5% to Mexico’s GDP and is characterized by manufacturing and the production of machinery and equipment. There are over 19,000 businesses in the region. The capital, Monterrey, has 1.14 million inhabitants (2010) and its total GDP hit $122.8 million US, with a per capita GDP of $31,051 US in 2014.
In 2016, Mexico’s economic growth will be close to 3%. The country currently enjoys good economic stability, a favourable and constantly improving business climate, and a reliable banking system, all of which contribute to considerably decreasing commercial risks in the medium and long term. The country has undertaken significant restructuring efforts, notably in the energy sector, in order to improve its prospects for growth and its competitiveness. The country has two undeniable competitive advantages: qualified labour and its proximity to many markets, thanks to a dozen free trade agreements with some 46 countries.
Keep an eye on our Latin NAFTA partner!
Mexico – Facts and Figures:
- 11th most highly populated country in the world (2008) with 117 million inhabitants (2014), over a third of which are part of the middle class
- Estimated demographic growth of 20% by 2020
- 12th most powerful economy in the world in terms of buying power (2014), and possibly the 8th most powerful by 2030
- GDP growth of 2% (2014)
- 2nd most powerful economy in Latin America, and the largest exporter and importer in the region
- 14th largest importer in the world, totalling $400 billion US (2014)
- 4th most important importer for Canada, totalling $5.5 billion CA (2014)
- Imports from Quebec valued at $1.21 billion CA in 2014, an increase of 20% compared to 2013
- 3,000 Canadian businesses are active in the country (2013)
- 2nd most popular destination for Canadian tourists, with over 2 million visiting Mexico each year
- 46 free trade agreements, including NAFTA and others, which link the country to several nations in South America, Asia, and the European Union
- An economy dominated by trade at 48%
WHO SHOULD ATTEND?
All companies seeking to develop their business in Mexico or wanting to learn more about the market.