Retail Trade in Department Stores
Industry Group (4622)
2024-Q2: $3.43T MX, Gross Domestic Product
DENUE May 2024: 3,133, Economic units
Jan-Jun 2024: US$0, Foreign Direct Investment
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 in Department Stores registered 3,133 economic units. The states with the highest number of economic units were Estado de México (345), Ciudad de México (257), and Veracruz de Ignacio de la Llave (229).
According to data from the Economic Census 2019, total gross production was $99.6B MX. The states with the highest total gross production were Estado de México ($12.6B MX) and Ciudad de México ($10.2B MX).
For its part, total income reached $310B MX in 2019, being the states with the highest income Estado de México ($38.8B MX) and Ciudad de México ($29.8B MX).
Economic activities are related if they require similar knowledge or inputs. In 2014 in Retail Trade in Department Stores the states with the highest affinity were Chihuahua (0.77), Nuevo León (0.75), Sonora (0.75), Coahuila de Zaragoza (0.72), and Baja California (0.71).
Production
#permalink to sectionGross Domestic Product
#permalink to sectionGross 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.
Production Indicators by State
#permalink to sectionAccording to data from the Economic Census 2019, 2,696 economic units were totaled in Retail Trade in Department Stores, highlighting Estado de México (306), Ciudad de México (243), and Veracruz de Ignacio de la Llave (187).
Total gross production was $99.6B MX. The states with the highest total gross production were Estado de México ($12.6B MX) and Ciudad de México ($10.2B MX).
Total income reached $310B MX in 2019, being the states with the highest income Estado de México ($38.8B MX) and Ciudad de México ($29.8B 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, Retail Trade in Department Stores had a total of 5,361 economic units and the municipalities with the highest number of economic units were Monterrey (165), Tijuana (132), and Culiacán (123)
Total income eached $510B MX and the municipalities with the highest income were Zapopan ($22B MX), Benito Juárez ($21.8B MX), and Monterrey ($18.8B MX).
Total expenditures were $348B MX and the municipalities with the highest expenditures were Zapopan ($15.2B MX), Benito Juárez ($14.5B MX), and Monterrey ($13.3B MX).
On the other hand, in 2014 there were 293163 employees dependent on economic units and the municipalities with the highest number of employees were Monterrey (13.5k), Benito Juárez (9.1k), and Zapopan (8.96k).
* 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 Retail Trade in Department Stores according to the number of employees.
According to DENUE data published in May 2024, 306 companies with 0 to 10 employees were registered (11 companies more than the previous period). In the same period, 1,645 companies with 11 to 50 employees were registered (193 companies more than the previous period).
624 companies with 51 to 100 employees were registered in 2024 (43 companies more than the previous period). Likewise, 558 companies with more than 101 employees were registered (18 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$0, FDI Jan-Jun 2024
- US$2.07B, FDI Jan-1999 to Jun-2024
In the period january to june 2024, no FDI was registered in Retail Trade in Department Stores.
Since January 1999 to June 2024, the accumulated amount of FDI in Retail Trade in Department Stores was US$2.07B, distributed in reinvestment of earnings (US$1.67B), equity Capital (US$403M), and inter-company debts (-US$4.61M).
* Confidential data is not shown in the chart (see information icon in the section).
Foreign Direct Investment (FDI) by State
#permalink to sectionPeriod Jan-Jun 2024: US$0
Period Jan-1999 to Jun-2024: US$375M, 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$375M), Estado de México (US$256M), and Nuevo León (US$159M).
* Information download does not contain confidential data.
Foreign Direct Investment (FDI) Origin
#permalink to sectionPeriodo Jan-Jun 2024: ---, US$0
Main investing country between Jan-1999 and Jun-2024: United States, US$1.19B
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 Costa Rica (Confidential).
* Information download does not contain confidential data.
Specialization and Opportunity
#permalink to sectionThe states with the highest degree of development opportunity in Retail Trade in Department Stores according to Relatedness were Querétaro (0.63), Colima (0.57), and Aguascalientes (0.55). 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).