Rent without Real Estate Intermediation
Industry Group (5311)
2024-Q2: $2.8T MX, Gross Domestic Product
DENUE November 2024: 37,420, Economic units
Jan-Sep 2024: -US$7.14M, 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, Rent without Real Estate Intermediation registered 37,420 economic units. The states with the highest number of economic units were Estado de México (3,830), Jalisco (3,144), and Guanajuato (2,279).
According to data from the Economic Census 2019, total gross production was $36B MX. The states with the highest total gross production were Ciudad de México ($14B MX) and Nuevo León ($3.47B MX).
For its part, total income reached $36.8B MX in 2019, being the states with the highest income Ciudad de México ($14.5B MX) and Nuevo León ($3.55B MX).
Economic activities are related if they require similar knowledge or inputs. In 2014 in Rent without Real Estate Intermediation the states with the highest affinity were Chihuahua (0.76), Nuevo León (0.73), Sonora (0.73), Coahuila de Zaragoza (0.72), and Baja California (0.69).
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, 30,413 economic units were totaled in Rent without Real Estate Intermediation, highlighting Estado de México (3,085), Jalisco (2,522), and Guanajuato (1,960).
Total gross production was $36B MX. The states with the highest total gross production were Ciudad de México ($14B MX) and Nuevo León ($3.47B MX).
Total income reached $36.8B MX in 2019, being the states with the highest income Ciudad de México ($14.5B MX) and Nuevo León ($3.55B 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, Rent without Real Estate Intermediation had a total of 69,225 economic units and the municipalities with the highest number of economic units were Guadalajara (1.71k), Puebla (1.64k), and León (1.35k)
Total income eached $35B MX and the municipalities with the highest income were Azcapotzalco ($4.2B MX), Monterrey ($1.66B MX), and Miguel Hidalgo ($1.6B MX).
Total expenditures were $20B MX and the municipalities with the highest expenditures were Azcapotzalco ($2.85B MX), Miguel Hidalgo ($1.4B MX), and Monterrey ($1.07B MX).
On the other hand, in 2014 there were 163767 employees dependent on economic units and the municipalities with the highest number of employees were Puebla (6.33k), Guadalajara (4.14k), and Ecatepec de Morelos (3.98k).
* 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.
Economic Units
#permalink to sectionThe visualization shows the number of economic units in Rent without Real Estate Intermediation according to the number of employees.
According to DENUE data published in November 2024, 36,416 companies with 0 to 10 employees were registered (5,469 companies more than the previous period). In the same period, 909 companies with 11 to 50 employees were registered (122 companies less than the previous period).
54 companies with 51 to 100 employees were registered in 2024 (2 companies more than the previous period). Likewise, 41 companies with more than 101 employees were registered (5 companies more than the previous period).
Source National Statistical Directory of Economic Units (DENUE)
Investment
#permalink to sectionForeign Direct Investment (FDI)
#permalink to section- -US$7.14M, FDI Jan-Sep 2024
- US$164M, FDI Jan-1999 to Sep-2024
In the period January to September 2024, FDI from Rent without Real Estate Intermediation was -US$7.14M, distributed in reinvestment of earnings (Confidential), inter-company debts (US$0), and equity Capital (-US$8.82M).
Since January 1999 to September 2024, the accumulated amount of FDI in Rent without Real Estate Intermediation was US$164M, distributed in equity Capital (US$144M), reinvestment of earnings (US$12.8M), and inter-company debts (US$7.5M).
* Confidential data is not shown in the chart (see information icon in the section).
Foreign Direct Investment (FDI) by State
#permalink to sectionPeriod Jan-Sep 2024: US$0
Period Jan-1999 to Sep-2024: US$49M, Mexico City is the main receiving state
No FDI is recorded in the period January to September, 2024
Historically (from January 1999 to September2024) the states that have received the highest FDI are Mexico City (US$49M), Jalisco (US$23.5M), and San Luis Potosí (US$22.4M).
* Information download does not contain confidential data.
Foreign Direct Investment (FDI) Origin
#permalink to sectionPeriodo Jan-Sep 2024: ---, US$0
Main investing country between Jan-1999 and Sep-2024: United States, US$61.1M
No FDI is recorded in the period January to September of 2024.
Historically (from January 1999 to September de 2024) the countries that contributed the most to FDI were China (Confidential), France (Confidential), and Canada (Confidential).
* 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 Rent without Real Estate Intermediation were Coahuila de Zaragoza (1.86), Aguascalientes (1.55), and Sonora (1.52). 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 Rent without Real Estate Intermediation according to Relatedness were Querétaro (0.65), Ciudad de México (0.53), and Campeche (0.48). 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).