Industry Group (5223)
2024-Q2: $1.4T MX, Gross Domestic Product
DENUE May 2024: 5,542, Economic units
Jan-Jun 2024: Confidential, Foreign Direct Investment
2024-Q2 : $7.49k MX, Average Monthly Salary
2024-Q2 : 32.1k, Workforce
2024-Q2 : 59.7%, Female Workforce
2024-Q2: 40, Average Age
In the second quarter of 2024 the gross domestic product was $1.4T MX, 3.89% more than the previous quarter.
According DENUE 2024, Activities Related to Credit Intermediation registered 5,542 economic units. The states with the highest number of economic units were Jalisco (715), Guanajuato (524), and Oaxaca (372).
According to data from the Economic Census 2019, total gross production was $37.6B MX. The states with the highest total gross production were Ciudad de México ($4.2B MX) and Jalisco ($4.05B MX).
For its part, total income reached $39.7B MX in 2019, being the states with the highest income Jalisco ($4.31B MX) and Ciudad de México ($4.29B MX).
Economic activities are related if they require similar knowledge or inputs. In 2014 in Activities Related to Credit Intermediation the states with the highest affinity were Nuevo León (0.68), Chihuahua (0.66), Coahuila de Zaragoza (0.63), Querétaro (0.63), and Sonora (0.62).
During the second quarter of 2024 in Activities Related to Credit Intermediation the workforce was 32.1k people, 40.3% men and 59.7% women. In addition, the average monthly salary informed was $7.49k MX.
During the same period, occupations with the highest number of workers in Activities Related to Credit Intermediation were Cashiers, Tellers and Recipients Betting, Support Workers in Various Administrative Activities, and Directors and Managers in Accounting, Financial, Banking and Insurance.
At the state level, the occupied population of Activities Related to Credit Intermediation was concentrated in List Ciudad de México,Michoacán de Ocampo,Jalisco.
The average age of workers in Activities Related to Credit Intermediation in the second quarter of 2024 was 40 years. In the same period, the average schooling of the workforce of Activities Related to Credit Intermediation, was 15 years.
Average Monthly Salary 2024-Q2: $7.49k MX
Working population 2024-Q2: 32.1k
In the second quarter of 2024, the workforce in Activities Related to Credit Intermediation it was of 32.1k people, 40.3% men with a reported average monthly salary of $9.56k MX and 59.7% women with a salary of $6.09k MX.
Of the total employed population, 89.2% of the total workforce were formal workers with an average monthly salary of $8.09k MX, while he 10.8% corresponds to informal workers with an average salary of $2.51k MX.
In the second quarter of 2024 the occupations with the highest number of workers were Cashiers, Tellers and Recipients Betting, Support Workers in Various Administrative Activities, and Directors and Managers in Accounting, Financial, Banking and Insurance.
At the state level, the workforce of Activities Related to Credit Intermediation was concentrated on Ciudad de México, Michoacán de Ocampo, and Jalisco.
Gross domestic product 2024-Q2: $1.4T MX
Gross Domestic Product 2023: $1.3T MX
* Data displayed corresponds to the sector Finance and Insurance since the information at lower levels of disaggregation is not available.
In the second quarter of 2024, Finance and Insurance recorded a gross domestic product of $1.4T MX, evidencing an increase of 3.89% compared to the previous quarter and an increase of 6.73% compared to the same period of the previous year.
* Current values, at current prices, base year 2013. Excludes taxes on products.
According to data from the Economic Census 2019, 5,227 economic units were totaled in Activities Related to Credit Intermediation, highlighting Jalisco (652), Guanajuato (507), and Oaxaca (349).
Total gross production was $37.6B MX. The states with the highest total gross production were Ciudad de México ($4.2B MX) and Jalisco ($4.05B MX).
Total income reached $39.7B MX in 2019, being the states with the highest income Jalisco ($4.31B MX) and Ciudad de México ($4.29B MX).
* It is recommended to consider the values as approximations of the real value because some records have been anonymized due to confidentiality principles.
According to dato from Economic Census 2014, Activities Related to Credit Intermediation had a total of 7,992 economic units and the municipalities with the highest number of economic units were Querétaro (336), Monterrey (201), and Zapopan (177)
Total income eached $85.3B MX and the municipalities with the highest income were Celaya ($4.64B MX), Querétaro ($3.67B MX), and Oaxaca de Juárez ($3.55B MX).
Total expenditures were $21B MX and the municipalities with the highest expenditures were Cuauhtémoc ($1.54B MX), Querétaro ($1.39B MX), and Oaxaca de Juárez ($967M MX).
On the other hand, in 2014 there were 62826 employees dependent on economic units and the municipalities with the highest number of employees were Querétaro (2.56k), Morelia (2.01k), and Oaxaca de Juárez (1.98k).
* 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.
The visualization shows the number of economic units in Activities Related to Credit Intermediation according to the number of employees.
According to DENUE data published in May 2024, 4,514 companies with 0 to 10 employees were registered (24 companies more than the previous period). In the same period, 939 companies with 11 to 50 employees were registered (24 companies more than the previous period).
51 companies with 51 to 100 employees were registered in 2024 (1 companies less than the previous period). Likewise, 38 companies with more than 101 employees were registered (1 companies more than the previous period).
Source National Statistical Directory of Economic Units (DENUE)
In the period January to June 2024, FDI from Activities Related to Credit Intermediation was Confidential, distributed in equity Capital (US$0), reinvestment of earnings (US$0), and inter-company debts (Confidential).
Since January 1999 to June 2024, the accumulated amount of FDI in Activities Related to Credit Intermediation was US$819M, distributed in equity Capital (US$662M), inter-company debts (US$118M), and reinvestment of earnings (US$39.6M).
* Confidential data is not shown in the chart (see information icon in the section).
Period Jan-Jun 2024: US$0
Period Jan-1999 to Jun-2024: US$583M, 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$583M), Guanajuato (US$39.3M), and Puebla (US$33.7M).
* Information download does not contain confidential data.
Periodo Jan-Jun 2024: ---, US$0
Main investing country between Jan-1999 and Jun-2024: United States, US$440M
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 Netherlands (Confidential) and Spain (Confidential).
* Information download does not contain confidential data.
As of May 2021, the states with the highest degree of specialization in Activities Related to Credit Intermediation were Guanajuato (1.91) and Jalisco (1.77). 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 Activities Related to Credit Intermediation according to Relatedness were Chihuahua (0.66), Coahuila de Zaragoza (0.63), and Sonora (0.62). 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).
Average Age 2024-Q2: 40
Average Years of Schooling 2024-Q2: 15
The visualization shows the workforce of Activities Related to Credit Intermediation by age group and years of schooling, comparing men and women.
In the second quarter of 2024 in Activities Related to Credit Intermediation the average age for women was 38.5 years and the average schooling was 14 years.
The average age of men in the Activities Related to Credit Intermediation workforce was 42.3 years, while the average schooling was 16.5 years during second quarter of 2024.
* The visualization omits the range of schooling "Not Specified".