Restaurants and other Eating Places
Industry Group (7225)
2024-Q2: $778B MX, Gross Domestic Product
DENUE November 2024: 723,285, Economic units
Jan-Sep 2024: US$1.38M, Foreign Direct Investment
In the second quarter of 2024 the gross domestic product was $778B MX, 2.32% more than the previous quarter.
According DENUE 2024, Restaurants and other Eating Places registered 723,285 economic units. The states with the highest number of economic units were Estado de México (87,785), Ciudad de México (54,456), and Jalisco (48,178).
According to data from the Economic Census 2019, total gross production was $440B MX. The states with the highest total gross production were Ciudad de México ($82.9B MX) and Estado de México ($41.1B MX).
For its part, total income reached $441B MX in 2019, being the states with the highest income Ciudad de México ($83.2B MX) and Estado de México ($41.2B MX).
Economic activities are related if they require similar knowledge or inputs. In 2014 in Restaurants and other Eating Places the states with the highest affinity were Chihuahua (0.68), Sonora (0.67), Coahuila de Zaragoza (0.64), Nuevo León (0.64), and Baja California Sur (0.63).
Production
#permalink to sectionGross Domestic Product
#permalink to sectionGross domestic product 2024-Q2: $778B MX
Gross Domestic Product 2023: $754B MX
* Data displayed corresponds to the sector Accommodation and Food Services since the information at lower levels of disaggregation is not available.
In the second quarter of 2024, Accommodation and Food Services recorded a gross domestic product of $778B MX, evidencing an increase of 2.32% compared to the previous quarter and an increase of 2.59% 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, 581,530 economic units were totaled in Restaurants and other Eating Places, highlighting Estado de México (67,756), Ciudad de México (53,884), and Jalisco (40,483).
Total gross production was $440B MX. The states with the highest total gross production were Ciudad de México ($82.9B MX) and Estado de México ($41.1B MX).
Total income reached $441B MX in 2019, being the states with the highest income Ciudad de México ($83.2B MX) and Estado de México ($41.2B 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, Restaurants and other Eating Places had a total of 1,258,149 economic units and the municipalities with the highest number of economic units were Guadalajara (28.7k), Puebla (23.4k), and León (23.1k)
Total income eached $679B MX and the municipalities with the highest income were Cuauhtémoc ($28.4B MX), Miguel Hidalgo ($22.5B MX), and Monterrey ($18.6B MX).
Total expenditures were $431B MX and the municipalities with the highest expenditures were Cuauhtémoc ($18.4B MX), Miguel Hidalgo ($15.4B MX), and Monterrey ($12.2B MX).
On the other hand, in 2014 there were 3702795 employees dependent on economic units and the municipalities with the highest number of employees were Cuauhtémoc (101k), Guadalajara (97.4k), and Puebla (70.5k).
* 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 Restaurants and other Eating Places according to the number of employees.
According to DENUE data published in November 2024, 697,300 companies with 0 to 10 employees were registered (76,507 companies more than the previous period). In the same period, 24,031 companies with 11 to 50 employees were registered (3,502 companies more than the previous period).
1,571 companies with 51 to 100 employees were registered in 2024 (35 companies more than the previous period). Likewise, 383 companies with more than 101 employees were registered (24 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$1.38M, FDI Jan-Sep 2024
- US$1.05B, FDI Jan-1999 to Sep-2024
In the period January to September 2024, FDI from Restaurants and other Eating Places was US$1.38M, distributed in reinvestment of earnings (Confidential), equity Capital (US$606k), and inter-company debts (US$0).
Since January 1999 to September 2024, the accumulated amount of FDI in Restaurants and other Eating Places was US$1.05B, distributed in equity Capital (US$962M), reinvestment of earnings (US$103M), and inter-company debts (-US$17.5M).
* 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$483M, 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$483M), Estado de México (US$127M), and Jalisco (US$93.4M).
* 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$839M
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 United States (US$1.15M), South Korea (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 Restaurants and other Eating Places were Nayarit (1.49), Colima (1.37), and Quintana Roo (1.22). 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 Restaurants and other Eating Places according to Relatedness were Chihuahua (0.68), Sonora (0.67), and Coahuila de Zaragoza (0.64). 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).