Subsector (467)
2024-Q2: $3.43T MX, Gross Domestic Product
DENUE May 2024: 138,820, Economic units
Jan-Jun 2024: US$0, Foreign Direct Investment
2024-Q2 : $5.66k MX, Average Monthly Salary
2024-Q2 : 1.1M, Workforce
2024-Q2 : 35.6%, Female Workforce
2024-Q2: 39.9, Average Age
In the second quarter of 2024 the gross domestic product was $3.43T MX, 6.92% more than the previous quarter.
According DENUE 2024, Retail of Hardware and Glassware registered 138,820 economic units. The states with the highest number of economic units were Estado de México (27,509), Ciudad de México (13,816), and Jalisco (10,375).
According to data from the Economic Census 2019, total gross production was $125B MX. The states with the highest total gross production were Ciudad de México ($13.7B MX) and Estado de México ($12.9B MX).
For its part, total income reached $364B MX in 2019, being the states with the highest income Ciudad de México ($38.7B MX) and Estado de México ($38.1B MX).
Economic activities are related if they require similar knowledge or inputs. In 2014 in Retail of Hardware and Glassware the states with the highest affinity were Querétaro (0.75), Sonora (0.65), Nuevo León (0.64), Jalisco (0.63), and Aguascalientes (0.62).
During the second quarter of 2024 in Retail of Hardware and Glassware the workforce was 1.1M people, 64.4% men and 35.6% women. In addition, the average monthly salary informed was $5.66k MX.
During the same period, occupations with the highest number of workers in Retail of Hardware and Glassware were Sales Employees, Dispatchers and Dependent on Trade, Traders in Stores, and Truck Drivers, Cargo Vans and Cars.
At the state level, the occupied population of Retail of Hardware and Glassware was concentrated in List Estado de México,Ciudad de México,Jalisco.
The average age of workers in Retail of Hardware and Glassware in the second quarter of 2024 was 39.9 years. In the same period, the average schooling of the workforce of Retail of Hardware and Glassware, was 11.4 years.
Average Monthly Salary 2024-Q2: $5.66k MX
Working population 2024-Q2: 1.1M
In the second quarter of 2024, the workforce in Retail of Hardware and Glassware it was of 1.1M people, 64.4% men with a reported average monthly salary of $6.37k MX and 35.6% women with a salary of $4.37k MX.
Of the total employed population, 56.8% of the total workforce were formal workers with an average monthly salary of $7.15k MX, while he 43.2% corresponds to informal workers with an average salary of $3.7k MX.
In the second quarter of 2024 the occupations with the highest number of workers were Sales Employees, Dispatchers and Dependent on Trade, Traders in Stores, and Truck Drivers, Cargo Vans and Cars.
At the state level, the workforce of Retail of Hardware and Glassware was concentrated on Estado de México, Ciudad de México, and Jalisco.
Gross domestic product 2024-Q2: $3.43T MX
Gross Domestic Product 2023: $3.17T MX
* Data displayed corresponds to the sector Retail Trade since the information at lower levels of disaggregation is not available.
In the second quarter of 2024, Retail Trade recorded a gross domestic product of $3.43T MX, evidencing an increase of 6.92% compared to the previous quarter and an increase of 7.32% 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, 128,576 economic units were totaled in Retail of Hardware and Glassware, highlighting Estado de México (25,949), Ciudad de México (13,275), and Jalisco (9,725).
Total gross production was $125B MX. The states with the highest total gross production were Ciudad de México ($13.7B MX) and Estado de México ($12.9B MX).
Total income reached $364B MX in 2019, being the states with the highest income Ciudad de México ($38.7B MX) and Estado de México ($38.1B 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, Retail of Hardware and Glassware had a total of 322,083 economic units and the municipalities with the highest number of economic units were Ecatepec de Morelos (10k), Iztapalapa (8.05k), and Guadalajara (7.92k)
Total income eached $543B MX and the municipalities with the highest income were Guadalajara ($18.3B MX), Monterrey ($18.3B MX), and Cuauhtémoc ($13.4B MX).
Total expenditures were $428B MX and the municipalities with the highest expenditures were Guadalajara ($14.5B MX), Monterrey ($14.4B MX), and Cuauhtémoc ($11.2B MX).
On the other hand, in 2014 there were 862149 employees dependent on economic units and the municipalities with the highest number of employees were Guadalajara (24.7k), Ecatepec de Morelos (20k), and Puebla (19.2k).
* 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 Retail of Hardware and Glassware according to the number of employees.
According to DENUE data published in May 2024, 134,210 companies with 0 to 10 employees were registered (159 companies more than the previous period). In the same period, 4,088 companies with 11 to 50 employees were registered (5 companies more than the previous period).
259 companies with 51 to 100 employees were registered in 2024 (1 companies more than the previous period). Likewise, 263 companies with more than 101 employees were registered (3 companies more than the previous period).
Source National Statistical Directory of Economic Units (DENUE)
In the period january to june 2024, no FDI was registered in Retail of Hardware and Glassware.
Since January 1999 to June 2024, the accumulated amount of FDI in Retail of Hardware and Glassware was US$121M, distributed in inter-company debts (US$82.3M), reinvestment of earnings (US$20.3M), and equity Capital (US$18.4M).
* Confidential data is not shown in the chart (see information icon in the section).
Period Jan-Jun 2024: US$0
Period Jan-1999 to Jun-2024: US$62M, 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$62M), Querétaro (US$33.3M), and Estado de México (US$29.9M).
* Information download does not contain confidential data.
Periodo Jan-Jun 2024: ---, US$0
Main investing country between Jan-1999 and Jun-2024: United States, US$124M
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 United States (Confidential).
* Information download does not contain confidential data.
As of May 2021, the states with the highest degree of specialization in Retail of Hardware and Glassware were Estado de México (1.57), Hidalgo (1.33), and Querétaro (1.24). 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 Retail of Hardware and Glassware according to Relatedness were Sonora (0.65), Nuevo León (0.64), and Chihuahua (0.59). 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-Q2: 39.9
Average Years of Schooling 2024-Q2: 11.4
The visualization shows the workforce of Retail of Hardware and Glassware by age group and years of schooling, comparing men and women.
In the second quarter of 2024 in Retail of Hardware and Glassware the average age for women was 39.9 years and the average schooling was 11.3 years.
The average age of men in the Retail of Hardware and Glassware workforce was 39.9 years, while the average schooling was 11.5 years during second quarter of 2024.
* The visualization omits the range of schooling "Not Specified".
The visualization shows the percentage distribution of employed staff according to age range or educational level in economic units of different ages.
According to data from the Economic Census 2019, the economic units of the Retail of Hardware and Glassware subsector had 410,331 people employed, by age range 19,534 people up to 20 years old were registered, 118,327 people from 21 to 30 years old, 124,126 people from 31 to 40 years old and 148,344 people over 40 years old.
By educational level 5,955 people without education were registered, 175,542 people with basic education, 157,688 people with upper secondary education and 71,146 people with higher education.
The visualization shows the percentage distribution of staff turnover and permanence in companies of different sizes and ages, according to the option selected in the upper button.
According to data from the Economic Census 2019, employee turnover is 13.4% in companies with up to 10 people, 18.6% in companies with 11 to 50 people, 20.9% in companies with 51 to 250 people, and 40.5% in companies with 251 and more people.
According to data from the Economic Census 2019, the staff distribution who received training according to age range was 19.1% of staff with up to 20 years, 23% of staff between 21 and 30 years, 20.3% of staff between 31 and 40 years, and 12.1% of staff with 41 years or more.
According to the level of instruction, the distribution of trained staff was 10.7% of staff without intruction, 17.6% of staff with basic education, 17.4% of staff with upper secondary education, and 21.1% of staff with higher education.
According to data from the Economic Census 2019, the distribution of economic units according to size that had access to financing was 13.9% units with up to 10 people, 36.3% units with 11 to 50 people, 36.3% units with 51 to 250 people, and 41.7% units with 251 and more people.
According to the age of the economic units, the distribution of those that obtained financing was 14.3% of the recently created (up to 2 years) units, 14.3% of the youth (3 to 5 years) units, 13.9% of the adults (6 to 10 years) units, and 15.4% of the seniors (over 10 years) units.
The states with the highest percentage of economic units that received financing were Nayarit (23.7%), Campeche (23.3%), Colima (22.9%), Guerrero (22%), and Oaxaca (21%).
The visualization shows the percentage of economic units according to size or age according to the sources of financing or the uses they gave to the financing received.
In the chart, each level corresponds to a size or age of the company depending on the option selected in the upper button. The darker the box, the higher the percentage of economic units that are in that category.
According to data from the Economic Census 2019, the distribution of economic units that had a bank account was 28.5% units with up to 10 people, 86.5% units with 11 to 50 people, 97.6% units with 51 to 250 people, and 100% units with 251 and more people.
The states with the highest percentage of economic units that had a bank account were Baja California Sur (76.3%), Sonora (62.7%), Colima (58.3%), Sinaloa (55.7%), and Baja California (53.9%).
The same information can be viewed for the economic units that had bank credit by changing the option selected in the upper button.
The visualization shows the percentage of economic units classified by size according to reasons for not having a bank account or credit.
In the chart, each level corresponds to a company size, the darker the box, the greater the percentage of economic units that are in that category. The categories represent the reasons why the companies did not have a bank account or credit, depending on the option selected in the upper button.
The visualization shows the percentage distribution of the economic units in the Retail of Hardware and Glassware subsector that had internet services.
According to data from the Economic Census 2019, the states with the highest percentage of economic units that had internet services were Baja California Sur (72.5%), Sonora (58.5%), Colima (56.3%), Campeche (52.7%), and Quintana Roo (52.7%).
The visualization shows the distribution of companies that had internet services or computer services according to the size or age of the economic units, depending on the options selected in the upper buttons.
According to data from the Economic Census 2019, the Retail of Hardware and Glassware subsector had 29.4% of economic units that had internet services and 33% of economic units that had computer services. The disaggregation by size or age of the units can be analyzed in the visualization.
The visualization shows where the economic units are concentrated depending on the use they make of the internet, according to the size or age of the company.
According to the size of the company, the economic units of 251 and more people that use the internet in search information for goods or services (100%) stand out in percentage terms.
According to the age of the company, recently created (up to 2 years) economic units that use the internet for search information for goods or services (77.3%) stand out.
The visualization shows the distribution of purchases and sales over the Internet and the distribution of monetary transactions according to the medium used in the transaction and the size of the companies.
According to data from the 2019 Economic Census, internet sales reached $27.7B MX and purchases were $36.6B MX. On the other hand, sales made in monetary transactions were $367B MX and purchases reached $275B MX.
The chart shows the main problems faced by economic units. With the upper selector it is possible to analyze the problems affecting companies according to their size. By default, the problems of economic units with up to 10 people are shown.
According to data from the Economic Census 2019, the main problems faced by the economic units of Retail of Hardware and Glassware with up to 10 workers are public insecurity (20.6%), staff with little experience (15.8%), another problems (14%), and high taxes (12.8%).
According to data from the Economic Census 2019, the distribution of economic units that had an accounting system was 62.1% units with up to 10 people, 96.9% units with 11 to 50 people, 99.6% units with 51 to 250 people, and 100% units with 251 and more people.
The states with the highest percentage of economic units that had an accounting system were Baja California Sur (84.8%), Quintana Roo (81.2%), Chihuahua (80.6%), Baja California (80%), and Campeche (79.7%).
The chart shows the percentage of companies by size that used different mechanisms to control expenses and income in their operations.
According to data from the Economic Census 2019, the main expenses and income control mechanisms were external accounting system (51.3%) in companies with up to 10 people, internally developed accounting system (35.6%) in companies with 11 to 50 people, internally developed accounting system (73.3%) in companies with 51 to 250 people, and internally developed accounting system (87.5%) in companies with 251 and more people.
The visualization shows the percentage distribution of the economic units in the Retail of Hardware and Glassware subsector according to the amount of income from the supply of goods and services.
According to data from the Economic Census 2019, the states with the highest income from the supply of goods and services were list Ciudad de México ($38.5B MX),Estado de México ($37.9B MX),Nuevo León ($32.1B MX),Jalisco ($29.2B MX),Guanajuato ($19.6B MX).
With the upper selector it is possible to see the distribution of expenses for consumption of goods and services, in addition to the amounts of purchases or sales over the internet.
The visualizations shows the percentage distribution of the large economic units of the private and parastatal sector of Retail of Hardware and Glassware with innovation activities in at least one year between 2016 and 2018.
According to data from the Economic Census 2019, the states with the highest percentage of large economic units with innovation activities in 2016, 2017 or 2018 were Yucatán (26.7%), Estado de México (18.8%), Chihuahua (12.2%), Nuevo León (9.43%), and Coahuila de Zaragoza (8.97%).
According to data from the Economic Census 2019, 6.56% of the large economic units of the private and parastatal sector of Retail of Hardware and Glassware had innovation activities in 2018.
Of the total staff employed in large economic units, 5.12% was employed in product innovation activities, 2.03% in process innovation, 6.9% in market innovation, 6.58% in organizational innovation, and 5.94% in innovation for technological adaptation and documentation.
The visualization shows the distribution of large economic units of the private and parastatal sector of Retail of Hardware and Glassware that employed qualified staff in technological research and development activities in 2016, 2017 and 2018.
According to data from the Economic Census 2019, the lowercase Retail of Hardware and Glassware Subsector had 234 economic units that had qualified staff in technological research and development activities, 19 economic units had it for research and technological development in the field of Biotechnology and 13 economic units for research and technological development in Nanotechnology.
In the same year, 40 economic units had qualified personnel in the registration or processing of patents for brands, products or processes, and 15 economic units had this type of staff to contracts or acquisition of patents for brands, products or processes.