Industry Group (2361)
2024-Q2: $2.39T MX, Gross Domestic Product
DENUE November 2024: 7,786, Economic units
Jan-Sep 2024: US$3.23M, Foreign Direct Investment
2024-Q3 : $8.94k MX, Average Monthly Salary
2024-Q3 : 3.23M, Workforce
2024-Q3 : 5.36%, Female Workforce
2024-Q3: 39.7, Average Age
In the second quarter of 2024 the gross domestic product was $2.39T MX, 10.9% more than the previous quarter.
According DENUE 2024, Residential Building Construction registered 7,786 economic units. The states with the highest number of economic units were Jalisco (591), Ciudad de México (497), and Nuevo León (496).
According to data from the Economic Census 2019, total gross production was $106B MX. The states with the highest total gross production were Nuevo León ($14B MX) and Jalisco ($12.2B MX).
For its part, total income reached $107B MX in 2019, being the states with the highest income Nuevo León ($14B MX) and Jalisco ($12.3B MX).
Economic activities are related if they require similar knowledge or inputs. In 2014 in Residential Building Construction the states with the highest affinity were Chihuahua (0.77), Nuevo León (0.74), Sonora (0.74), Coahuila de Zaragoza (0.73), and Baja California (0.7).
During the third quarter of 2024 in Residential Building Construction the workforce was 3.23M people, 94.6% men and 5.36% women. In addition, the average monthly salary informed was $8.94k MX.
During the same period, occupations with the highest number of workers in Residential Building Construction were Bricklayers, Stonemasons and Related, Support Workers in Construction, and Architects, Urban Planners and Transportation.
At the state level, the occupied population of Residential Building Construction was concentrated in List Jalisco,Estado de México,Chiapas.
The average age of workers in Residential Building Construction in the third quarter of 2024 was 39.7 years. In the same period, the average schooling of the workforce of Residential Building Construction, was 9.17 years.
Average Monthly Salary 2024-Q3: $8.94k MX
Working population 2024-Q3: 3.23M
In the third quarter of 2024, the workforce in Residential Building Construction it was of 3.23M people, 94.6% men with a reported average monthly salary of $8.95k MX and 5.36% women with a salary of $8.85k MX.
Of the total employed population, 26.1% of the total workforce were formal workers with an average monthly salary of $10.1k MX, while he 73.9% corresponds to informal workers with an average salary of $8.54k MX.
In the third quarter of 2024 the occupations with the highest number of workers were Bricklayers, Stonemasons and Related, Support Workers in Construction, and Architects, Urban Planners and Transportation.
At the state level, the workforce of Residential Building Construction was concentrated on Jalisco, Estado de México, and Chiapas.
Gross domestic product 2024-Q2: $2.39T MX
Gross Domestic Product 2023: $2.15T MX
* Data displayed corresponds to the sector Construction since the information at lower levels of disaggregation is not available.
In the second quarter of 2024, Construction recorded a gross domestic product of $2.39T MX, evidencing an increase of 10.9% compared to the previous quarter and an increase of 11.5% 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, 3,817 economic units were totaled in Residential Building Construction, highlighting Jalisco (348), Ciudad de México (289), and Nuevo León (192).
Total gross production was $106B MX. The states with the highest total gross production were Nuevo León ($14B MX) and Jalisco ($12.2B MX).
Total income reached $107B MX in 2019, being the states with the highest income Nuevo León ($14B MX) and Jalisco ($12.3B 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, Residential Building Construction had a total of 7,887 economic units and the municipalities with the highest number of economic units were Mérida (381), Guadalajara (336), and San Luis Potosí (315)
Total income eached $211B MX and the municipalities with the highest income were Miguel Hidalgo ($17.9B MX), Monterrey ($15.8B MX), and Álvaro Obregón ($12B MX).
Total expenditures were $145B MX and the municipalities with the highest expenditures were Monterrey ($11.9B MX), Miguel Hidalgo ($11.7B MX), and Álvaro Obregón ($8.13B MX).
On the other hand, in 2014 there were 329043 employees dependent on economic units and the municipalities with the highest number of employees were Mérida (17.1k), Monterrey (16.6k), and Guadalajara (15k).
* 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 Residential Building Construction according to the number of employees.
According to DENUE data published in November 2024, 3,943 companies with 0 to 10 employees were registered (736 companies more than the previous period). In the same period, 3,024 companies with 11 to 50 employees were registered (46 companies more than the previous period).
421 companies with 51 to 100 employees were registered in 2024 (25 companies more than the previous period). Likewise, 398 companies with more than 101 employees were registered (18 companies more than the previous period).
Source National Statistical Directory of Economic Units (DENUE)
In the period January to September 2024, FDI from Residential Building Construction was US$3.23M, distributed in equity Capital (Confidential), reinvestment of earnings (Confidential), and inter-company debts (-US$1.51M).
Since January 1999 to September 2024, the accumulated amount of FDI in Residential Building Construction was US$712M, distributed in equity Capital (US$547M), reinvestment of earnings (US$93.8M), and inter-company debts (US$71.9M).
* Confidential data is not shown in the chart (see information icon in the section).
Period Jan-Sep 2024: US$0
Period Jan-1999 to Sep-2024: US$316M, 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$316M), Nuevo León (US$85.3M), and Estado de México (US$67.8M).
* Information download does not contain confidential data.
Periodo Jan-Sep 2024: ---, US$0
Main investing country between Jan-1999 and Sep-2024: Belgium, US$322M
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 Colombia (Confidential), Venezuela (Confidential), and Panama (Confidential).
* Information download does not contain confidential data.
The states with the highest degree of development opportunity in Residential Building Construction according to Relatedness were Ciudad de México (0.55), Tabasco (0.4), and Guanajuato (0.35). 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-Q3: 39.7
Average Years of Schooling 2024-Q3: 9.17
The visualization shows the workforce of Residential Building Construction by age group and years of schooling, comparing men and women.
In the third quarter of 2024 in Residential Building Construction the average age for women was 34.8 years and the average schooling was 14.2 years.
The average age of men in the Residential Building Construction workforce was 40 years, while the average schooling was 8.88 years during third quarter of 2024.
* The visualization omits the range of schooling "Not Specified".