Insurance and Surety Companies
Industry Group (5241)
2024-Q2: $1.4T MX, Gross Domestic Product
DENUE May 2024: 1,992, Economic units
Jan-Jun 2024: US$132M, Foreign Direct Investment
In the second quarter of 2024 the gross domestic product was $1.4T MX, 3.89% more than the previous quarter.
According DENUE 2024, Insurance and Surety Companies registered 1,992 economic units. The states with the highest number of economic units were Ciudad de México (259), Jalisco (146), and Nuevo León (126).
According to data from the Economic Census 2019, total gross production was $198B MX. The states with the highest total gross production were Ciudad de México ($194B MX) and Nuevo León ($3.83B MX).
For its part, total income reached $493B MX in 2019, being the states with the highest income Ciudad de México ($486B MX) and Nuevo León ($7.12B MX).
Economic activities are related if they require similar knowledge or inputs. In 2014 in Insurance and Surety Companies the states with the highest affinity were Nuevo León (0.77), Chihuahua (0.77), Coahuila de Zaragoza (0.73), Sonora (0.73), and Baja California (0.71).
Production
#permalink to sectionGross Domestic Product
#permalink to sectionGross 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.
Production Indicators by State
#permalink to sectionAccording to data from the Economic Census 2019, 214 economic units were totaled in Insurance and Surety Companies, highlighting Ciudad de México (80), Sinaloa (53), and Sonora (13).
Total gross production was $198B MX. The states with the highest total gross production were Ciudad de México ($194B MX) and Nuevo León ($3.83B MX).
Total income reached $493B MX in 2019, being the states with the highest income Ciudad de México ($486B MX) and Nuevo León ($7.12B 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, Insurance and Surety Companies had a total of 459 economic units and the municipalities with the highest number of economic units were Miguel Hidalgo (99), Álvaro Obregón (54), and Cuauhtémoc (54)
Total income eached $700B MX and the municipalities with the highest income were Miguel Hidalgo ($254B MX), Cuauhtémoc ($124B MX), and Benito Juárez ($95B MX).
Total expenditures were $611B MX and the municipalities with the highest expenditures were Miguel Hidalgo ($222B MX), Cuauhtémoc ($106B MX), and Benito Juárez ($93.4B MX).
On the other hand, in 2014 there were 43545 employees dependent on economic units and the municipalities with the highest number of employees were Tlalpan (16.3k), Monterrey (4.95k), and Benito Juárez (4.82k).
* 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 Insurance and Surety Companies according to the number of employees.
According to DENUE data published in May 2024, 1,549 companies with 0 to 10 employees were registered (2 companies more than the previous period). In the same period, 325 companies with 11 to 50 employees were registered (4 companies more than the previous period).
47 companies with 51 to 100 employees were registered in 2024 (3 companies less than the previous period). Likewise, 71 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$132M, FDI Jan-Jun 2024
- US$7.62B, FDI Jan-1999 to Jun-2024
In the period January to June 2024, FDI from Insurance and Surety Companies was US$132M, distributed in reinvestment of earnings (US$143M), equity Capital (US$0), and inter-company debts (-US$10.3M).
Since January 1999 to June 2024, the accumulated amount of FDI in Insurance and Surety Companies was US$7.62B, distributed in reinvestment of earnings (US$3.92B), equity Capital (US$3.6B), and inter-company debts (US$101M).
* 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$5.04B, 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$5.04B), Nuevo León (US$1.15B), and Jalisco (US$262M).
* 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$3.61B
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 France (Confidential), United States (Confidential), and Colombia (Confidential).
* Information download does not contain confidential data.
Specialization and Opportunity
#permalink to sectionThe states with the highest degree of development opportunity in Insurance and Surety Companies according to Relatedness were Durango (0.48), Zacatecas (0.38), and Tabasco (0.38). 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).