Tijuana’s Economy
Tijuana is a fairly young city with just over 120 years since its founding; it has lived through several transformations of its economy; at the beginning, as a rural border town and then from the 30’s to the 40’s as the internationally famous City, home of the Casino Agua Caliente, a renowned spa and resort later international commerce and tourism started to grow exponentially in the 70´s, when foreign industry started its expansion.
International commerce and tourism started to grow exponentially in the 70´s, when foreign industry started its expansion.
Today, Tijuana with approximately two million residents has a thriving and diverse economy fuelled by world class manufacturing operations.
Here are some quick facts about the City’s economy:
- Tijuana’s GDP is estimated over US$16 billion (35% of which is generated by manufacturing exports.)
- 569+ Manufacturing Facilities
- 148,000 Manufacturing Employees
- 30,000 Engineers and Technicians
- 4.1% average GDP growth in the last 10 years. More than three times the national average.
- Over US$ 8 billion in FDI in the last 10 years. Making it one of the top 5 destinations in the nation.
- The lowest un-employment rates in the country, with an average of 3.5% in the last 10 years.
- It has maintained lower inflation rates than the national average. And very competitive cost of living index, more than half of Los Angeles, California, for example.
Gross Domestic Product in Tijuana by Sector (Thousands of USD) 2003-2010
| Total GDP |
Agriculture and Mining |
Industry | Retail & Services | |
|---|---|---|---|---|
| 2010 | 16,190,728.7 | 323,814.6 | 5,730,279.6 | 10,236,700.7 |
