Ba1 (Global scale, local currency) and A1.mx (Mexican national scale). During the prior five years, the municipality's financial performance had been mixed, but has begun to stabilize in the last two years. Guadalajara manages one of the largest budgets among Mexican municipalities and its revenue per capita indicator (Ps. $2,265) places it above the average for Moody's-rated municipalities in Mexico.
The city's economy has two main sectors. Commerce and tourism employ most: about 60% of the population. The other is industry, which has been the engine of economic growth and the basis of Guadalajara's economic importance nationally even though it employs only about a third of the population. Industries here produce products such as food and beverages, toys, textiles, auto parts, electronic equipment, pharmaceuticals, footwear, furniture and steel products. Two of the major industries here have been textiles and shoes, which are still dynamic and growing. Sixty percent of manufactured products are sold domestically, while forty percent are exported, mostly to the United States. This makes Guadalajara's economic fortunes dependent upon those of the U.S., both as a source of investment money and as a market for its goods.
However, it is the electronics and information technology sectors here that have given the city the nickname of the "Silicon Valley of Mexico." Guadalajara is the main producer of software, electronic and digital components in Mexico. Telecom and computer equipment from Guadalajara accounts for about a quarter of Mexico's electronics exports. Companies such as General Electric,IBM, Intel Corporation, Freescale Semiconductor, Hitachi Ltd., Hewlett-Packard, Siemens, Flextronics, Oracle, TCS and Jabil Circuithave facilities in the city or its suburbs. This phenomenon began after the passage of the North American Free Trade Agreement(NAFTA). International firms started building facilities in Mexico, especially Guadalajara, displacing Mexican
