I've lived in Mexico City a couple years and visited regularly since 1997.
Things have changed drastically in the last seventeen years. Statistics show that they changed even faster between 1985 and 1997, but I didn't see that.
The middle class has been growing at an astonishing pace. Vast swathes of Azcapotzalco, Xochimilco, and even Iztapalapa that were poor and backwards are now prosperous, clean, and exciting. The fashionable neighborhoods in Coyoacán, Polanco, and the Roma have become outright opulent. The Historic Center is neat, safe, popular, and crowded at all hours with local and international botiques and restaurants.
You can clearly see the mountains Chiquihuite from downtown and El Águila from Coyoacán nearly every day now. In 1997, the mountains around the city were more like rumors behind the pollution. Last month, I actually saw Iztaccihuatl and Popocatépetl from the center of the valley. Out by the canals of Cuemanco, local wildlife biologists tell me that the water is cleaner, the population of birds is increasing again, and recovery programs for the aquatic axolotl are working.
High school graduation and college completion rates have been skyrocketing. New universities are spreading and growing across the valley. Education is especially important because Mexico City college graduates live nearly as well as American college graduates. The income gap is in the working classes without credentials.
GDP per capita is misleading, so let's consider personal income. Housing and transportation and meals cost about a quarter as much as in the USA for the middle class. That's about 80% of a typical budget. Cops and public administrators with good educations are now making US$10k to start and programmers and engineers around US$20k. The median household income in Benito Juarez county, with about 600k people and no fashionable rich areas, is approaching US$30k. The neighboring parts of Coyoacán, Miguel Hidalgo, Álvaro Obregón, and Cuauhtémoc counties are richer.
So I really endorse the Gates's impression of development success in Mexico City.
that's why is better to use Purchasing Power Parity indexes, for example Mexico is 14th in Nominal GDP with 1,183B USD, but in PPP terms it is the 11th with 1,758B USD. The country as a whole has a GDP per capita PPP of 15K USD, but Mexico City has a GDP per capita PPP of 44K USD. It's a very big country with a lot of inequality between urban and rural population.
Things have changed drastically in the last seventeen years. Statistics show that they changed even faster between 1985 and 1997, but I didn't see that.
The middle class has been growing at an astonishing pace. Vast swathes of Azcapotzalco, Xochimilco, and even Iztapalapa that were poor and backwards are now prosperous, clean, and exciting. The fashionable neighborhoods in Coyoacán, Polanco, and the Roma have become outright opulent. The Historic Center is neat, safe, popular, and crowded at all hours with local and international botiques and restaurants.
You can clearly see the mountains Chiquihuite from downtown and El Águila from Coyoacán nearly every day now. In 1997, the mountains around the city were more like rumors behind the pollution. Last month, I actually saw Iztaccihuatl and Popocatépetl from the center of the valley. Out by the canals of Cuemanco, local wildlife biologists tell me that the water is cleaner, the population of birds is increasing again, and recovery programs for the aquatic axolotl are working.
High school graduation and college completion rates have been skyrocketing. New universities are spreading and growing across the valley. Education is especially important because Mexico City college graduates live nearly as well as American college graduates. The income gap is in the working classes without credentials.
GDP per capita is misleading, so let's consider personal income. Housing and transportation and meals cost about a quarter as much as in the USA for the middle class. That's about 80% of a typical budget. Cops and public administrators with good educations are now making US$10k to start and programmers and engineers around US$20k. The median household income in Benito Juarez county, with about 600k people and no fashionable rich areas, is approaching US$30k. The neighboring parts of Coyoacán, Miguel Hidalgo, Álvaro Obregón, and Cuauhtémoc counties are richer.
So I really endorse the Gates's impression of development success in Mexico City.