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MICHOACAN
BASIC ECONOMIC INFORMATION
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Population
3,985,667 inhabitants (2000)
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Labor force
1,565,640 inhabitants (2000)
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GDP
116,463,938 (figure in thousand pesos, 2001)
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Main economic activities
Basic metallic industry, agriculture, trade and
services.
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Main companies
ABB Alstom Power de México,
Agroexportadora del Huaco, Aguacates
Audifred, Almacenadora Mercader, Artifibras,
Carbonser, Comus, Corporación del Balsas,
Crisoba Industrial, Grupo Fertinal, Salvi,
Industrial Papelera Mexicana, Industrias
Marves.
Source: Secretaría
Michoacán.
INFRASTRUCTURE
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Airports
Four Airports
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Highways
13,170 km
Link to SCT: http://www.sct.gob.mx
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Railway Network
1,321 kms.
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Ports
Puerto Lázaro Cárdenas
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Industrial parks
4 – Morelia, Zamora, Zacapu, Zitácuaro
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Desarrollo
Económico
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TRADE
(2002, in thousand dollars)
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Total trade
Total trade with US
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Exports
Maquila
Non maquila
870,131
1,355
868,775
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Imports
Definitive imports
Temporary imports
Maquila
632,132
362,948
268,880
304
1,502,263
926,970
Source: Secretaría de Economía, with data from Banco de Mexico
Link to State Government web page:
http://www.michoacan.gob.mx/
SUPPORTS AND INCENTIVES FOR INVESTORS
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Reduction of state or municipal taxes.
Preferential rate in payment of rights in the Public Registry
Reduction in the estates´ prices in industrial parks of Michoacán.
Consultant's office for the formation of companies.