Sector (46)
2024-Q2: $3.43T MX, Gross Domestic Product
DENUE May 2024: 2,261,945, Economic units
Jan-Jun 2024: US$598M, Foreign Direct Investment
2024-Q2 : $4.74k MX, Average Monthly Salary
2024-Q2 : 16.7M, Workforce
2024-Q2 : 56.2%, Female Workforce
2024-Q2: 40.8, 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 Trade registered 2,261,945 economic units. The states with the highest number of economic units were Estado de México (335,640), Ciudad de México (204,625), and Jalisco (155,118).
According to data from the Economic Census 2019, total gross production was $1.77T MX. The states with the highest total gross production were Ciudad de México ($220B MX) and Estado de México ($192B MX).
For its part, total income reached $5.63T MX in 2019, being the states with the highest income Ciudad de México ($654B MX) and Estado de México ($599B MX).
Economic activities are related if they require similar knowledge or inputs. In 2014 in Retail Trade the states with the highest affinity were San Luis Potosí (0.83), Baja California Sur (0.79), Sinaloa (0.75), Chihuahua (0.73), and Durango (0.69).
During the second quarter of 2024 in Retail Trade the workforce was 16.7M people, 43.8% men and 56.2% women. In addition, the average monthly salary informed was $4.74k MX.
During the same period, occupations with the highest number of workers in Retail Trade were Sales Employees, Dispatchers and Dependent on Trade, Traders in Stores, and Peddlers of Various Items (Excluding Food Sales).
At the state level, the occupied population of Retail Trade was concentrated in List Estado de México,Ciudad de México,Jalisco.
The average age of workers in Retail Trade in the second quarter of 2024 was 40.8 years. In the same period, the average schooling of the workforce of Retail Trade, was 10.3 years.
Average Monthly Salary 2024-Q2: $4.74k MX
Working population 2024-Q2: 16.7M
In the second quarter of 2024, the workforce in Retail Trade it was of 16.7M people, 43.8% men with a reported average monthly salary of $5.76k MX and 56.2% women with a salary of $3.95k MX.
Of the total employed population, 33.1% of the total workforce were formal workers with an average monthly salary of $6.57k MX, while he 66.9% corresponds to informal workers with an average salary of $3.84k 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 Peddlers of Various Items (Excluding Food Sales).
At the state level, the workforce of Retail Trade 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
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, 2,092,770 economic units were totaled in Retail Trade, highlighting Estado de México (314,981), Ciudad de México (196,185), and Jalisco (145,586).
Total gross production was $1.77T MX. The states with the highest total gross production were Ciudad de México ($220B MX) and Estado de México ($192B MX).
Total income reached $5.63T MX in 2019, being the states with the highest income Ciudad de México ($654B MX) and Estado de México ($599B MX).
* It is recommended to consider the values as approximations of the real value because some records have been anonymized due to confidentiality principles.
In 2019, Retail Trade had a total of 2,092,770 economic units and the municipalities with the highest number of economic units were Iztapalapa (38.4k), Ecatepec de Morelos (36.3k), and Guadalajara (36.2k).
Also, $5.62T MX in total income were registered and the municipalities with the highest income were Monterrey ($141B MX), Guadalajara ($128B MX), and Puebla ($116B MX).
Total expenditure registered in 2019 was $4.39T MX and the municipalities with the highest expenditure were Monterrey ($105B MX), Guadalajara ($101B MX), and Puebla ($92B MX).
In 2019 there were 4.85M employees dependent on economic units and the municipalities with the highest number of employees were Guadalajara (108k), Cuauhtémoc (86.4k), and Puebla (86.2k).
* 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 Trade according to the number of employees.
According to DENUE data published in May 2024, 2,205,940 companies with 0 to 10 employees were registered (20,902 companies more than the previous period). In the same period, 46,980 companies with 11 to 50 employees were registered (823 companies more than the previous period).
4,775 companies with 51 to 100 employees were registered in 2024 (460 companies more than the previous period). Likewise, 4,250 companies with more than 101 employees were registered (58 companies more than the previous period).
Source National Statistical Directory of Economic Units (DENUE)
In the period January to June 2024, FDI from Retail Trade was US$598M, distributed in reinvestment of earnings (US$616M), equity Capital (US$11.8M), and inter-company debts (-US$30.4M).
Since January 1999 to June 2024, the accumulated amount of FDI in Retail Trade was US$26.8B, distributed in reinvestment of earnings (US$17.3B), equity Capital (US$7.41B), and inter-company debts (US$2.11B).
* 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$7.63B, 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$7.63B), Estado de México (US$4.84B), and Jalisco (US$1.62B).
* 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$23.6B
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 (US$310M), Argentina (US$243M), and France (Confidential).
* Information download does not contain confidential data.
As of May 2021, the states with the highest degree of specialization in Retail Trade were Estado de México (1.18), Tlaxcala (1.12), and Chiapas (1.11). 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 Trade according to Relatedness were San Luis Potosí (0.83), Baja California Sur (0.79), and Sinaloa (0.75). 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: 40.8
Average Years of Schooling 2024-Q2: 10.3
The visualization shows the workforce of Retail Trade by age group and years of schooling, comparing men and women.
In the second quarter of 2024 in Retail Trade the average age for women was 41.1 years and the average schooling was 10.1 years.
The average age of men in the Retail Trade workforce was 40.4 years, while the average schooling was 10.6 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 Trade sector had 5,899,054 people employed, by age range 493,064 people up to 20 years old were registered, 1,618,702 people from 21 to 30 years old, 1,564,173 people from 31 to 40 years old and 2,223,101 people over 40 years old.
By educational level 159,814 people without education were registered, 2,634,062 people with basic education, 2,212,425 people with upper secondary education and 892,739 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 16.5% in companies with up to 10 people, 25.1% in companies with 11 to 50 people, 30.6% in companies with 51 to 250 people, and 28.8% 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 24.8% of staff with up to 20 years, 14% of staff between 21 and 30 years, 13.2% of staff between 31 and 40 years, and 6.11% of staff with 41 years or more.
According to the level of instruction, the distribution of trained staff was 5.59% of staff without intruction, 10.6% of staff with basic education, 12.7% of staff with upper secondary education, and 13.4% 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 13.5% units with up to 10 people, 38.8% units with 11 to 50 people, 61.4% units with 51 to 250 people, and 51% units with 251 and more people.
According to the age of the economic units, the distribution of those that obtained financing was 15.8% of the recently created (up to 2 years) units, 14.5% of the youth (3 to 5 years) units, 13.9% of the adults (6 to 10 years) units, and 13.4% of the seniors (over 10 years) units.
The states with the highest percentage of economic units that received financing were Colima (21%), Baja California Sur (20.9%), Nayarit (20.6%), Guerrero (18.5%), and Querétaro (18.3%).
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 14.8% units with up to 10 people, 90.7% units with 11 to 50 people, 95.5% units with 51 to 250 people, and 89.7% units with 251 and more people.
The states with the highest percentage of economic units that had a bank account were Baja California Sur (46.2%), Sonora (36.6%), Quintana Roo (36%), Nuevo León (32.5%), and Sinaloa (32.3%).
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 Trade sector 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 (40.6%), Quintana Roo (35%), Sonora (34.4%), Nuevo León (31.4%), and Baja California (31.2%).
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 Trade sector had 16.7% of economic units that had internet services and 19.2% 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 (90.9%) 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 (74.8%) 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 $319B MX and purchases were $573B MX. On the other hand, sales made in monetary transactions were $5.57T MX and purchases reached $4.32T 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 Trade with up to 10 workers are public insecurity (36.6%), another problems (12.8%), high expenses in service payments (9.55%), and high taxes (8.77%).
According to data from the Economic Census 2019, the distribution of economic units that had an accounting system was 52.1% units with up to 10 people, 96.9% units with 11 to 50 people, 99.1% units with 51 to 250 people, and 99.6% units with 251 and more people.
The states with the highest percentage of economic units that had an accounting system were Baja California Sur (73.2%), Quintana Roo (72.4%), Chihuahua (71%), Baja California (67.1%), and Colima (65.7%).
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 accounting system developed by third parties (52.3%) in companies with up to 10 people, internally developed accounting system (55.2%) in companies with 11 to 50 people, internally developed accounting system (77.7%) in companies with 51 to 250 people, and internally developed accounting system (60.5%) in companies with 251 and more people.
The visualization shows the percentage distribution of the economic units in the Retail Trade sector 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 ($649B MX),Estado de México ($592B MX),Jalisco ($425B MX),Nuevo León ($384B MX),Veracruz de Ignacio de la Llave ($270B 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 visualization shows the percentage of large economic units of the private and parastatal sector that had activities in 2018, according to compliance with the environmental standard.
In 2018, 22.3% of the large economic units complied with the environmental standard, 26.2% did not know if they complied with any environmental standard, and 51.5% did not comply with the environmental standard.
The visualization shows the percentage distribution of economic units in the private and parastatal sectors of Retail Trade that had staff in environmental protection activities by state.
According to data from the Economic Census 2019, the states with the highest percentage of large economic units that had staff in environmental protection activities were Tamaulipas (29.3%), Baja California (27.4%), Nuevo León (27.4%), Guerrero (27%), and Coahuila de Zaragoza (23.6%).
According to data from the 2019 Economic Census, 62.7% of the large economic units in the Retail Trade sector separated their waste, highlighting the separation of paper (94.4%), plastic (82.7%), and metal (43.7%).
On the other hand, 18.5% of the large economic units applied some treatment to the wastewater generated in their activity. The main uses of the treated water were discharge to the public network (13.7%), cooling system (3.56%), and gardening and cleaning (1.09%).
According to data from the Economic Census 2019, 16.2% of the large economic units in the Retail Trade sector made expenditures on environmental protection, highlighting expenditures in non-hazardous waste management ($786M MX), hazardous waste management ($122M MX), and care and maintenance of the vehicle fleet ($22.8M MX).
On the other hand, 15.4% of the large economic units made investment in environmental protection. The main investments were in participation in environmental care campaigns ($814M MX), decrease energy consumption ($803M MX), and decrease water consumption ($740M MX).
The visualizations shows the percentage distribution of the large economic units of the private and parastatal sector of Retail Trade 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 Nuevo León (11.6%), Tamaulipas (9.68%), Baja California (8.26%), Guanajuato (7.39%), and Ciudad de México (7.27%).
According to data from the Economic Census 2019, 5.49% of the large economic units of the private and parastatal sector of Retail Trade had innovation activities in 2018.
Of the total staff employed in large economic units, 4.31% was employed in product innovation activities, 2.58% in process innovation, 6.4% in market innovation, 5.04% in organizational innovation, and 7.08% in innovation for technological adaptation and documentation.
The visualization shows the distribution of large economic units of the private and parastatal sector of Retail Trade 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 Trade Sector had 6,974 economic units that had qualified staff in technological research and development activities, 183 economic units had it for research and technological development in the field of Biotechnology and 162 economic units for research and technological development in Nanotechnology.
In the same year, 291 economic units had qualified personnel in the registration or processing of patents for brands, products or processes, and 385 economic units had this type of staff to contracts or acquisition of patents for brands, products or processes.