The relevance of Monterrey started to increase in more recent years compared to other cultural capitals of Mexico, such as Mexico City or Guadalajara. During the colonial period, the now capital of Nuevo Leon lacked the resources and characteristics to become either an industrial or economical center of New Spain. But things changed quickly from the end of the Mexican-American War in 1846 and the Porfiriato (1876-1911) when Monterrey became closer to the border and with the construction of the railway connecting the city with the United States. Nowadays, Monterrey is one of the
and falls only behind Mexico City and Guadalajara when the metropolitan areas are considered. The city, also called the Industrial Capital of Mexico, is one of the richest, ranking as the third city with the
.
The stagnant population
With fewer children, longer lifespans, and higher rents, the
population pyramid of Monterrey already resembles a bell. This means that most of the population is between 20 and 34 years old. In 2020, around 1.14 million people called Monterrey their home, meaning that in 20 years the population grew only by 2.7 percent and remained unchanged between 2015 and 2020.
With this, problems of a stationary population have started to arise: the
number of newborns has been decreasing and reached its lowest level during 2020 with around 13,500 births, while the
number of deaths peaked in 2021.
Foreign investment
In recent years, Nuevo Leon registered an oscillating level of
foreign direct investment (FDI) reaching 2.5 billion U.S. dollars in 2023. But the region, and specifically Monterrey, is attracting more investment from different areas. This includes plans from Tesla to create its first Gigafactory in Mexico, with an estimated investment of over 10 billion U.S. dollars. This will bust employment and development in the metropolitan area of Monterrey. The decision to create the factory in this region is not only due to its proximity to the American border, but also because industrial activity thrives in Nuevo Leon, in fact, among the
most common job positions in the state are activities related to car manufacturing, mechanical engineers, and machinery operators.
Crime and poverty in Monterrey
Like many big cities, Monterrey is not exempt from crime. During February 2024, a total of 7,295 crimes were reported to the police, of which property and family crimes were the most common categories. Specifically, the
most reported crime by far was domestic violence. Sadly, since the beginning of 2020, the number of monthly property crimes has been increasing overall. That’s no surprise due to the colossal impact of the COVID-19 pandemic and economic uncertainty on the economy and the people in Mexico. Even though the
poverty rate in Monterrey is much lower than in the rest of the country, still almost 60 percent of the inhabitants of the city are considered to be either living in poverty conditions or vulnerable to some degree.
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