Several international companies and embassies are located in El Rosal and Las Mercedes, in the Caracas area. The city also serves as a hub for communication and transportation infrastructure between the metropolitan area and the rest of the country. Important industries in Caracas include chemicals, textiles, leather, food, iron, and wood products. There are also rubber and cement factories. Its nominal GDP is US$70 billion and the GDP (PPP) per capita is US$24,000.