Mexico is the third largest and second most populated cou...
Economy of Nuevo León
Nuevo Leon keeps the tradition of running a robust and industrial economy, supported on the human factor as its workers are highly regarded and respected for their enterprising and hard-working spirit. And being one of the largest economies in the nation, which contributes with 7,4% of the national Gross Domestic Product, indeed classifies as one the many competitive advantages offered by the state to national or foreign investment.
Another edge the state takes advantage of represents its strategic geographic location which puts it within the major route into the United States, together with the border bridges at Colombia and Laredo. It also counts on a superb transportation infrastructure conformed by road and railroad networks, a commercial airport, a freight terminal, up to-date communications technology and a surplus in the generation of electric power, as well as in the production of natural gas and recycled water for industrial use.
The state Gross Domestic Product is distributed as follows : 27% comes from the Services sector; 22% from the manufacturing industries which mostly produce metal products, machinery and equipment; and 21% coming from the commerce, hotels, and restaurants sector. In average, a worker in Nuevo Leon earns wages as much as 22% higher than the same trade would pay in the rest of the country, which is clearly expressed in the quality of life seen across the state cities.
Nuevo Leon also happens to host large corporate and commercial events, which attract some 2,5 million business visitors every year, the majority of which visit several of the state's large cities, and 75% of which prefer to stay in the best rated hotels. Agriculture does not contribute much to the state GDP, a mere 1,3%, but nevertheless the state is the largest producer of fodder sorghum nation-wide, and also provides important volumes of potato, orange, tangerine and grapefruit.
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