section_path: Economy
section_name: Economy
paragraph_text: Economy
  
  Mexico City is one of the most important economic hubs in Latin America. The city proper produces 15.8% of the country's gross domestic product. In 2002, Mexico City had a Human Development Index score of 0.915, identical to that of South Korea. In 2007, residents in the top twelve percent of GDP per capita holders in the city had a mean disposable income of US$ 98,517. The high spending power of Mexico City inhabitants makes the city attractive for companies offering prestige and luxury goods. According to a 2009 study conducted by PwC, Mexico City had a GDP of $390 billion, ranking it as the eighth richest city in the world and the richest in Latin America. In 2009, Mexico City alone would rank as the 30th largest economy in the world.
  
  Mexico City is the greatest contributor to the country's industrial GDP (15.8%) and also the greatest contributor to the country's GDP in the service sector (25.3%). Due to the limited non-urbanized space at the south—most of which is protected through environmental laws—the contribution of Mexico City in agriculture is the smallest of all federal entities in the country. The economic reforms of President Carlos Salinas de Gortari had a tremendous effect on the city, as a number of businesses, including banks and airlines, were privatized. He also signed the North American Free Trade Agreement (NAFTA). This led to decentralization and a shift in Mexico City's economic base, from manufacturing to services, as most factories moved away to either the State of Mexico, or more commonly to the northern border. By contrast, corporate office buildings set their base in the city.
  
  Mexico City offers an immense and varied consumer retail market, ranging from basic foods to ultra high-end luxury goods. Consumers may buy in fixed indoor markets, in mobile markets (tianguis), from street vendors, from downtown shops in a street dedicated to a certain type of good, in convenience stores and traditional neighborhood stores, in modern supermarkets, in warehouse and membership stores and the shopping centers that they anchor, in department stores, in big-box stores, and in modern shopping malls. In addition, " tianguis " or mobile markets set up shop on streets in many neighborhoods, depending on day of week. Sundays see the largest number of these markets.
  
  The city's main source of fresh produce is the Central de Abasto. This in itself is a self-contained mini-city in Iztapalapa borough covering an area equivalent to several dozen city blocks. The wholesale market supplies most of the city's "mercados", supermarkets and restaurants, as well as people who come to buy the produce for themselves. Tons of fresh produce are trucked in from all over Mexico every day. The principal fish market is known as La Nueva Viga, in the same complex as the Central de Abastos. The world-renowned market of Tepito occupies 25 blocks, and sells a variety of products. A staple for consumers in the city is the omnipresent "mercado". Every major neighborhood in the city has its own borough-regulated market, often more than one. These are large well-established facilities offering most basic products, such as fresh produce and meat/poultry, dry goods, tortillerías, and many other services such as locksmiths, herbal medicine, hardware goods, sewing implements; and a multitude of stands offering freshly made, home-style cooking and drinks in the tradition of aguas frescas and atole.
  
  Street vendors ply their trade from stalls in the tianguis as well as at non-officially controlled concentrations around metro stations and hospitals; at plazas comerciales, where vendors of a certain "theme" (e.g. stationery) are housed; originally these were organized to accommodate vendors formerly selling on the street; or simply from improvised stalls on a city sidewalk. In addition, food and goods are sold from people walking with baskets, pushing carts, from bicycles or the backs of trucks, or simply from a tarp or cloth laid on the ground. In the center of the city informal street vendors are increasingly targeted by laws and prosecution. The weekly San Felipe de Jesús Tianguis is reported to be the largest in Latin America.
  
  The Historic Center of Mexico City is widely known for specialized, often low-cost retailers. Certain blocks or streets are dedicated to shops selling a certain type of merchandise, with areas dedicated to over 40 categories such as home appliances, lamps and electricals, closets and bathrooms, housewares, wedding dresses, jukeboxes, printing, office furniture and safes, books, photography, jewelry, and opticians.