Economy
About 95% of Mexico's coal reserves are found in Coahuila, which is the country's top mining state. Saltillo also has a growing automobile industry, hosting General Motors and Chrysler assembly plants.
As of 2005, Coahuila's economy represents 3.5% of Mexico's total gross domestic product or 22,874 million USD. Coahuila's economy has a strong focus on export oriented manufacturing (i.e. maquiladora / INMEX). As of 2005, 221,273 people are employed in the manufacturing sector. Foreign direct investment in Coahuila was 143.1 million USD for 2005. The average wage for an employee in Coahuila is approximately 190 pesos per day. On the other hand Coahuila is the Mexican state with the highest level of public debt in the nation.
Read more about this topic: Coahuila
Famous quotes containing the word economy:
“The basis of political economy is non-interference. The only safe rule is found in the self-adjusting meter of demand and supply. Do not legislate. Meddle, and you snap the sinews with your sumptuary laws.”
—Ralph Waldo Emerson (1803–1882)
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)