With GDP growth above the national average, an expanding population and new immigration from abroad, San Luis Potosí’s real estate sector looks set to expand. This will be further encouraged by the deficit of 11,000 homes in and around the capital city, according to Mauricio Ramírez, general director of the State Housing Institute of San Luis...
What markets besides the US is San Luis Potosí looking at to maximise its trade potential?
San Luis Potosí initially found wealth as a mining town after gold and silver were discovered in the area in 1592. Indeed, its name derives partly from Potosí, the Bolivian town that had the reputation as the richest city in the world thanks to its silver deposits. The state’s mining boom never quite took off like its namesake’s, but the...
The boom in automotive jobs has been an important factor in bringing unemployment down in San Luis Potosí. In the last quarter of 2016 the state recorded the lowest ever unemployment level for the state and the fourth-lowest level in Mexico at 1.97%. As of January 2017 approximately 400,000 people were employed in the formal labour market....
What are the main economic strengths of San Luis Potosí, and what are the economic and social priorities of the state over the long term?
Posting growth of 4.26% in 2015, Nuevo León remains well above the national average of 2.53%, with construction, transport, and financial services and insurance displaying the strongest levels of growth. Although manufacturing has experienced a slight decline in recent years, it remains the chief productive sector of the state, according to...
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