ProceduresGovernment

Accounting, Tax Preparation, Bookkeeping, and Payroll Services

Industry Group (5412)

 2024-Q2: $680B MX, Gross Domestic Product

Jan-Jun 2024: US$0, Foreign Direct Investment

2024-Q2 : $18.1k MX, Average Monthly Salary

2024-Q2 : 71.9k, Workforce

2024-Q2 : 52.6%, Female Workforce

2024-Q2: 45.1, Average Age

In the second quarter of 2024 the gross domestic product was $680B MX, 20.3% more than the previous quarter.

According to data from the Economic Census 2019, total gross production was $37.2B MX. The states with the highest total gross production were Ciudad de México ($9.44B MX) and Jalisco ($3.67B MX).

For its part, total income reached $37.7B MX in 2019, being the states with the highest income Ciudad de México ($9.65B MX) and Jalisco ($3.69B MX).

Economic activities are related if they require similar knowledge or inputs. In 2014 in Accounting, Tax Preparation, Bookkeeping, and Payroll Services the states with the highest affinity were Chihuahua (0.75), Nuevo León (0.73), Sonora (0.72), Coahuila de Zaragoza (0.72), and Baja California (0.69).

During the second quarter of 2024 in Accounting, Tax Preparation, Bookkeeping, and Payroll Services the workforce was 71.9k people, 47.4% men and 52.6% women. In addition, the average monthly salary informed was $18.1k MX.

During the same period, occupations with the highest number of workers in Accounting, Tax Preparation, Bookkeeping, and Payroll Services were Biologists and Marine Scientists and Oceanographers, Assistants and Technicians in Agronomy, and Chemicals.

At the state level, the occupied population of Accounting, Tax Preparation, Bookkeeping, and Payroll Services was concentrated in List Estado de México,Ciudad de México,Morelos.

The average age of workers in Accounting, Tax Preparation, Bookkeeping, and Payroll Services in the second quarter of 2024 was 45.1 years. In the same period, the average schooling of the workforce of Accounting, Tax Preparation, Bookkeeping, and Payroll Services, was 17.9 years.

Salaries and Workforce

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Average Monthly Salary 2024-Q2: $18.1k MX

Working population 2024-Q2: 71.9k

In the second quarter of 2024, the workforce in Accounting, Tax Preparation, Bookkeeping, and Payroll Services it was of 71.9k people, 47.4% men with a reported average monthly salary of $23.9k MX and 52.6% women with a salary of $12.8k MX.

Of the total employed population, 74.4% of the total workforce were formal workers with an average monthly salary of $16.2k MX, while he 25.6% corresponds to informal workers with an average salary of $23.3k MX.

Salaries and Workforce by Occupations and States

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In the second quarter of 2024 the occupations with the highest number of workers were Biologists and Marine Scientists and Oceanographers, Assistants and Technicians in Agronomy, and Chemicals.

At the state level, the workforce of Accounting, Tax Preparation, Bookkeeping, and Payroll Services was concentrated on Estado de México, Ciudad de México, and Morelos.

Gross Domestic Product

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Gross domestic product 2024-Q2: $680B MX

Gross Domestic Product 2023: $600B MX

* Data displayed corresponds to the sector Professional, Scientific, and Technical Services since the information at lower levels of disaggregation is not available.

In the second quarter of 2024, Professional, Scientific, and Technical Services recorded a gross domestic product of $680B MX, evidencing an increase of 20.3% compared to the previous quarter and an increase of 16.1% compared to the same period of the previous year.

* Current values, at current prices, base year 2013. Excludes taxes on products.

Production Indicators by State

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According to data from the Economic Census 2019,  17,263 economic units were totaled in Accounting, Tax Preparation, Bookkeeping, and Payroll Services, highlighting Ciudad de México (1,740), Jalisco (1,317), and Estado de México (1,047).

Total gross production was $37.2B MX. The states with the highest total gross production were Ciudad de México ($9.44B MX) and Jalisco ($3.67B MX).

Total income reached $37.7B MX in 2019, being the states with the highest income Ciudad de México ($9.65B MX) and Jalisco ($3.69B MX).

* It is recommended to consider the values as approximations of the real value because some records have been anonymized due to confidentiality principles.

Production Indicators by Municipality

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According to dato from Economic Census 2014, Accounting, Tax Preparation, Bookkeeping, and Payroll Services had a total of 51,087 economic units and the municipalities with the highest number of economic units were Guadalajara (2.01k), Cuauhtémoc (1.99k), and Benito Juárez (1.48k)

Total income eached $50.2B MX and the municipalities with the highest income were Miguel Hidalgo ($4.7B MX), Benito Juárez ($3.29B MX), and Guadalajara ($3.28B MX).

Total expenditures were $17.6B MX and the municipalities with the highest expenditures were Miguel Hidalgo ($1.81B MX), San Pedro Garza García ($1.22B MX), and Guadalajara ($1.2B MX).

On the other hand, in 2014 there were 370620 employees dependent on economic units and the municipalities with the highest number of employees were San Pedro Garza García (57.7k), Monterrey (26.6k), and Miguel Hidalgo (19.7k).

* Any inconsistency between the data at the state and municipal level is due to the anonymization methodologies applied to the data, also municipalities not shown in the visualization have been anonymized.

Economic Units

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The visualization shows the number of economic units in Accounting, Tax Preparation, Bookkeeping, and Payroll Services according to the number of employees.

According to DENUE data published in May 2024, 0 companies with 0 to 10 employees were registered (equal number of companies as the previous period). In the same period, 0 companies with 11 to 50 employees were registered (equal number of companies as the previous period).

0 companies with 51 to 100 employees were registered in 2024 (equal number of companies as the previous period). Likewise, 0 companies with more than 101 employees were registered (equal number of companies as the previous period).

Source National Statistical Directory of Economic Units (DENUE)

Foreign Direct Investment (FDI)

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  • US$0, FDI Jan-Jun 2024
  • US$411M, FDI Jan-1999 to Jun-2024

In the period january to june 2024, no FDI was registered in Accounting, Tax Preparation, Bookkeeping, and Payroll Services.

Since January 1999 to June 2024, the accumulated amount of FDI in Accounting, Tax Preparation, Bookkeeping, and Payroll Services was US$411M, distributed in equity Capital (US$259M), reinvestment of earnings (US$138M), and inter-company debts (US$14.2M).

* Confidential data is not shown in the chart (see information icon in the section).

Foreign Direct Investment (FDI) by State

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Period Jan-Jun 2024: US$0

Period Jan-1999 to Jun-2024: US$357M, Mexico City is the main receiving state

No FDI is recorded in the period January to June, 2024

Historically (from January 1999 to June2024) the states that have received the highest FDI are Mexico City (US$357M), Nuevo León (US$15.1M), and Chihuahua (US$8.99M).

* Information download does not contain confidential data.

Foreign Direct Investment (FDI) Origin

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Periodo Jan-Jun 2024: ---, US$0

Main investing country between Jan-1999 and Jun-2024: United States, US$228M

No FDI is recorded in the period January to June of 2024.

Historically (from January 1999 to June de 2024) the countries that contributed the most to FDI were United Kingdom (Confidential), United States (US$8.68M), and Brazil (Confidential).

* Information download does not contain confidential data.

Specialization and Opportunity

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As of May 2021, the states with the highest degree of specialization in Accounting, Tax Preparation, Bookkeeping, and Payroll Services were Baja California (1.85), Sonora (1.79), and Sinaloa (1.64). The degree of specialization is measured using the RCA index, which represents the ratio between the observed and expected establishments of each state for each industry.

The states with the highest degree of development opportunity in Accounting, Tax Preparation, Bookkeeping, and Payroll Services according to Relatedness were Tabasco (0.39), Yucatán (0.39), and Veracruz de Ignacio de la Llave (0.3). The Relatedness measures the distance between an industry and the current industrial composition in each state. The presented entities register a level of specialization lower than one unit (RCA <1).

Workforce by Schooling Years, Age Range and Gender

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Average Age 2024-Q2: 45.1

Average Years of Schooling 2024-Q2: 17.9

The visualization shows the workforce of Accounting, Tax Preparation, Bookkeeping, and Payroll Services by age group and years of schooling, comparing men and women.

In the second quarter of 2024 in Accounting, Tax Preparation, Bookkeeping, and Payroll Services the average age for women was 42.1 years and the average schooling was 17.5 years.

The average age of men in the Accounting, Tax Preparation, Bookkeeping, and Payroll Services workforce was 48.4 years, while the average schooling was 18.3 years during second quarter of 2024.

* The visualization omits the range of schooling "Not Specified".