The existence of oil fields in the vicinity has turned Punta de Mata in the commercial and financial center of the West's largest state.
In the last decade of the twentieth century Punta de Mata attracted significant foreign migration, mainly from Asia, Latin America and Europe. Specifically in countries like China , Colombia , Turkey , Lebanon , Portugal , Italy and Saudi Arabia .
In the city center by 60% of shops and stores in general are of foreign traders, which maintains a dynamic economic growth of the city.
The city's economy is based primarily on oil, commercial and industrial area
