Business Center

Business center

Mexico City enjoys a strategic location in the heart of the Americas, as a economic gateway between the United States and Latin America.

Key Economic Facts and Figures

Mexico City’s economic profile is changing:

  • In 1980, manufacturing accounted for 51% of Mexico City’s GDP, while services accounted for 23%.
  • In 2003, services accounted for 51% of Mexico City’s GDP, while manufacturing accounted for 23%.
  • Today, the city’s leadership is promoting knowledge-based development in economic sectors such as financial services, education, healthcare, scientific research and governance/public administration. Mexico City offers a variety of incentives to foreign investors including private-public partnerships, high-quality infrastructure and services, tax incentives for property, real estate purchasing and payrolls, and availability of science and technology parks.

Mexico City already has a strong foundation to build Latin America’s premier knowledge-based economy over the next decade:

Economic Sector

Facts & Figures about Mexico City
(All figures in $US dollars)

Gross Domestic Product

  • Mexico City’s income per capita was $18,381 in 2005, as compared with $7,348 for Mexico.
  • Mexico City was responsible for generating 21% of Mexico City’s Gross Domestic Product (The Mexico City metropolitan area accounted for 34% of total national GDP).

Financial services

  • Mexico City has 75% of Mexico’s total labor force in banking and financial services.
  • Mexico City is home to 17.3% of Mexico’s banks.

Education

  • Mexico City has 579 universities and colleges.
  • Mexico City has 25% of Mexico’s skilled labor force.

Science & technology

  • 80% of Mexico’s total investment corporate and institutional scientific research and development

Tourism

  • Mexico City receives 14.6% of Mexico’s total tourist visits.
  • Mexico City is responsible for 40% of Mexico’s total tourism investment, including in hotel construction, tourism and cultural attractions and infrastructure.

Healthcare

  • Mexico City has 24% of Mexico’s total trained labor force in the healthcare sector.

Distribution

  • Mexico City accounts for 30% of Mexico’s total freight transport.

Entertainment

  • Mexico City has 47% of Mexico’s total national television audience.

Governance

  • Mexico City invested $2.2 billion in social development programs in 2007.
  • Mexico City’s public debt to GDP ratio is 2.7% vs. Mexico’s 43.4%.
  • Mexico City accounts for 57% of Mexico’s total tax collection revenue.
  • Mexico City enjoys a AAA debt rating by Standard & Poors and Fitch Ratings.

Foreign direct investment

  • Mexico City’s received 59.3% of Mexico’s cumulative FDI between 2001 and 2006.

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Upcoming Events

March 01 – August 31, 2010 Andador Acuario - Chapultepec Park

Juan Soriano’s exhibition “Sueños Moldeados”

A posthumous tribute to Juan Soriano showcasing his work read more

May 27, 2010 Foro Sol

Paul McCartney concert in Mexico City

Music legend Paul McCartney performs in Mexico City as part of his “Up and Coming” tour. read more

May 22, 2010 Museo Archivo de la Fotografía

Tres Visiones de Juan Rulfo” exhibition opens

“Tres Visiones de Juan Rulfo,” an exhibition at Museo Archivo de la Fotografía in Mexico City, opens. read more

May 13 – May 14, 2010 Auditorio Nacional

Miguel Bosé Performs

Popular Spanish singer Miguel Bosé takes the stage in Mexico City as part of his Cardio tour. read more

May 01 – May 01, 2010 Auditorio Nacional

Armida - Performed by the New York Metropolitan Opera

The New York Metropolitan Opera brings Rossini’s masterpiece to Mexico City’s National Auditorium for one night only. Ricardo Frizza will conduct the orchestra. read more

April 20 – May 09, 2010 Tlalpan

Festival Ollin Kan

A showcase of world indigenous music and dance. read more

March 12 – May 02, 2010 Museo Franz Mayer

One thousand and one faces of Mexico: Ruth D. Lechuga’s mask collection

The remarkable collection of masks that Dr. Ruth D. Lechuga gathered for over 50 years is exhibited at the Museo Franz Mayer in Mexico City’s Historic Center. The pieces, with a great artistic value, show the daily routines of various Mexican indigenous cultures. read more

April 12 – April 16, 2010 Campo Marte, Chapultepec Park

Mercedes-Benz Fashion Mexico 2010

World-class fashion designers will showcase their fall collections at Mercedes-Benz Fashion Week in Mexico City. read more

April 17, 2010 Museo Tamayo, Chapultepec Park

Museo Tamayo Re-opening

Museo Tamayo, one of the most significant contemporary art museums in Mexico City, will re-open in April 2010 following a 1,600 square meter expansion. The museum will have two additional exhibition galleries that will house the work of Rufino Tamayo and the permanent collection. Additionally, Museo Tamayo will now have more space for children’s workshops and a fully functioning library of contemporary art. read more

April 14 – March 18, 2010 The Centro Banamex

Zona Maco: Mexico City’s Contemporary Art Fair

Zona Maco is Mexico City’s only contemporary art fair, featuring 90 galleries from 18 countries. The galleries were selected by an international committee and visitors will enjoy contemporary art from the 20th and 21st centuries. read more

November 16 – November 20, 2010

Mexico City to Host United Cities & Local Governments (UCLG) 3rd World Congress

Mayor Marcelo Ebrard will welcome more than 2,000 mayors and local government officials from around the world when Mexico City hosts the 3rd World Congress of United Cities & Local Governments (UCLG) on November 16-20, 2010. UCLG is a global organization that works to promote cooperation and collaboration among more than 1,000 cities around the world in urban development, cultural exchanges, the environment, finance, governance and other issues. Mexico City is planning sessions and cultural events for UCLG attendees in several locations throughout the Centro Historico. read more

Bicentennial Celebration of Mexico’s Independence from Spain

Throughout 2010, Mexico City will host many special events associated with bicentennial celebration of Mexico’s independence from Spain (September 16) and the centennial celebration of the Mexican Revolution. Mexico City has been designated Cultural Capital of Iberoamerica. read more

September 23 – September 26, 2010 Exhibition and Convention Center: Expo Bancomer Santa Fe

International Tourism Fair of the Americas (FITA)

In September 2010, Mexico City will host the first International Tourism Fair of the Americas, known as FITA, which is expected to attract 600 travel industry exhibitors from 50 nations. read more

Surprising Fact

Mexico City is the eighth-richest urban area in the world, right behind Tokyo, New York, Los Angeles, Chicago, Paris, London and and Osaka/Kobe.

Overheard

Mexico City has recently undergone something of an extreme makeover. Thanks to a Giuliani-style campaign against crime (Rudy was a consultant) and enough urban redevelopment to make Robert Moses proud, North America’s oldest city (1325) and one of its most important cultural centers suddenly feels nuevo again.

— Tara Mandy, New York Magazine

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