Activities Related to Real Estate
Industry Group (5313)
2024-Q2: $2.8T MX, Gross Domestic Product
DENUE May 2024: 6,977, Economic units
Jan-Jun 2024: -US$1.04M, Foreign Direct Investment
In the second quarter of 2024 the gross domestic product was $2.8T MX, 0.95% more than the previous quarter.
According DENUE 2024, Activities Related to Real Estate registered 6,977 economic units. The states with the highest number of economic units were Ciudad de México (1,075), Jalisco (673), and Estado de México (483).
According to data from the Economic Census 2019, total gross production was $40.8B MX. The states with the highest total gross production were Ciudad de México ($13.8B MX) and Guerrero ($6.71B MX).
For its part, total income reached $41.7B MX in 2019, being the states with the highest income Ciudad de México ($14.4B MX) and Guerrero ($6.7B MX).
Economic activities are related if they require similar knowledge or inputs. In 2014 in Activities Related to Real Estate the states with the highest affinity were Nuevo León (0.76), Chihuahua (0.74), Baja California (0.7), Sonora (0.7), and Coahuila de Zaragoza (0.68).
Production
#permalink to sectionGross Domestic Product
#permalink to sectionGross domestic product 2024-Q2: $2.8T MX
Gross Domestic Product 2023: $2.72T MX
* Data displayed corresponds to the sector Real Estate and Rental and Leasing since the information at lower levels of disaggregation is not available.
In the second quarter of 2024, Real Estate and Rental and Leasing recorded a gross domestic product of $2.8T MX, evidencing an increase of 0.95% compared to the previous quarter and an increase of 4.67% 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
#permalink to sectionAccording to data from the Economic Census 2019, 6,367 economic units were totaled in Activities Related to Real Estate, highlighting Ciudad de México (1,011), Jalisco (615), and Estado de México (443).
Total gross production was $40.8B MX. The states with the highest total gross production were Ciudad de México ($13.8B MX) and Guerrero ($6.71B MX).
Total income reached $41.7B MX in 2019, being the states with the highest income Ciudad de México ($14.4B MX) and Guerrero ($6.7B 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
#permalink to sectionAccording to dato from Economic Census 2014, Activities Related to Real Estate had a total of 10,470 economic units and the municipalities with the highest number of economic units were Cuauhtémoc (552), Guadalajara (465), and Benito Juárez (426)
Total income eached $38.7B MX and the municipalities with the highest income were Miguel Hidalgo ($6.6B MX), Benito Juárez ($3.97B MX), and Monterrey ($2.7B MX).
Total expenditures were $20B MX and the municipalities with the highest expenditures were Miguel Hidalgo ($3.43B MX), Benito Juárez ($3.2B MX), and Monterrey ($1.39B MX).
On the other hand, in 2014 there were 71286 employees dependent on economic units and the municipalities with the highest number of employees were Miguel Hidalgo (5.54k), Acapulco de Juárez (3.32k), and Cuauhtémoc (3.09k).
* 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
#permalink to sectionThe visualization shows the number of economic units in Activities Related to Real Estate according to the number of employees.
According to DENUE data published in May 2024, 5,960 companies with 0 to 10 employees were registered (20 companies more than the previous period). In the same period, 876 companies with 11 to 50 employees were registered (26 companies less than the previous period).
93 companies with 51 to 100 employees were registered in 2024 (1 companies less than the previous period). Likewise, 48 companies with more than 101 employees were registered (2 companies less than the previous period).
Source National Statistical Directory of Economic Units (DENUE)
Investment
#permalink to sectionForeign Direct Investment (FDI)
#permalink to section- -US$1.04M, FDI Jan-Jun 2024
- US$985M, FDI Jan-1999 to Jun-2024
In the period January to June 2024, FDI from Activities Related to Real Estate was -US$1.04M, distributed in reinvestment of earnings (Confidential), equity Capital (US$941), and inter-company debts (Confidential).
Since January 1999 to June 2024, the accumulated amount of FDI in Activities Related to Real Estate was US$985M, distributed in equity Capital (US$748M), reinvestment of earnings (US$203M), and inter-company debts (US$33.8M).
* Confidential data is not shown in the chart (see information icon in the section).
Foreign Direct Investment (FDI) by State
#permalink to sectionPeriod Jan-Jun 2024: US$0
Period Jan-1999 to Jun-2024: US$347M, 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$347M), Estado de México (US$146M), and Quintana Roo (US$136M).
* Information download does not contain confidential data.
Foreign Direct Investment (FDI) Origin
#permalink to sectionPeriodo Jan-Jun 2024: ---, US$0
Main investing country between Jan-1999 and Jun-2024: United States, US$265M
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 Spain (Confidential) and United States (-US$2.93M).
* Information download does not contain confidential data.
Specialization and Opportunity
#permalink to sectionAs of May 2021, the states with the highest degree of specialization in Activities Related to Real Estate were Ciudad de México (1.8) and Jalisco (1.41). 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 Real Estate according to Relatedness were Coahuila de Zaragoza (0.68), San Luis Potosí (0.52), and Tamaulipas (0.49). 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).