Industry Group (4632)
2024-Q2: $3.43T MX, Gross Domestic Product
DENUE November 2024: 240,920, Economic units
Jan-Sep 2024: -US$25.2M, Foreign Direct Investment
2024-Q3 : $3.53k MX, Average Monthly Salary
2024-Q3 : 384k, Workforce
2024-Q3 : 64.9%, Female Workforce
2024-Q3: 44.7, 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 of Clothing, Jewelery and Clothing Accessories registered 240,920 economic units. The states with the highest number of economic units were Estado de México (31,082), Jalisco (19,680), and Ciudad de México (18,268).
According to data from the Economic Census 2019, total gross production was $72.7B MX. The states with the highest total gross production were Ciudad de México ($16.5B MX) and Estado de México ($8.83B MX).
For its part, total income reached $179B MX in 2019, being the states with the highest income Ciudad de México ($39.1B MX) and Estado de México ($21.9B MX).
Economic activities are related if they require similar knowledge or inputs. In 2014 in Retail Trade of Clothing, Jewelery and Clothing Accessories the states with the highest affinity were Querétaro (0.67), Chihuahua (0.66), Nuevo León (0.66), Jalisco (0.63), and Coahuila de Zaragoza (0.61).
During the third quarter of 2024 in Retail Trade of Clothing, Jewelery and Clothing Accessories the workforce was 384k people, 35.1% men and 64.9% women. In addition, the average monthly salary informed was $3.53k MX.
During the same period, occupations with the highest number of workers in Retail Trade of Clothing, Jewelery and Clothing Accessories were Peddlers of Various Items (Excluding Food Sales), Preparers and Street Food Vendors, and Tejedores Fiber.
At the state level, the occupied population of Retail Trade of Clothing, Jewelery and Clothing Accessories was concentrated in List Estado de México,Puebla,Ciudad de México.
The average age of workers in Retail Trade of Clothing, Jewelery and Clothing Accessories in the third quarter of 2024 was 44.7 years. In the same period, the average schooling of the workforce of Retail Trade of Clothing, Jewelery and Clothing Accessories, was 9.35 years.
Average Monthly Salary 2024-Q3: $3.53k MX
Working population 2024-Q3: 384k
In the third quarter of 2024, the workforce in Retail Trade of Clothing, Jewelery and Clothing Accessories it was of 384k people, 35.1% men with a reported average monthly salary of $3.75k MX and 64.9% women with a salary of $3.41k MX.
Of the total employed population, 1.56% of the total workforce were formal workers with an average monthly salary of $5.28k MX, while he 98.4% corresponds to informal workers with an average salary of $3.5k MX.
In the third quarter of 2024 the occupations with the highest number of workers were Peddlers of Various Items (Excluding Food Sales), Preparers and Street Food Vendors, and Tejedores Fiber.
At the state level, the workforce of Retail Trade of Clothing, Jewelery and Clothing Accessories was concentrated on Estado de México, Puebla, and Ciudad de México.
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, 190,945 economic units were totaled in Retail Trade of Clothing, Jewelery and Clothing Accessories, highlighting Estado de México (22,309), Jalisco (17,487), and Ciudad de México (17,080).
Total gross production was $72.7B MX. The states with the highest total gross production were Ciudad de México ($16.5B MX) and Estado de México ($8.83B MX).
Total income reached $179B MX in 2019, being the states with the highest income Ciudad de México ($39.1B MX) and Estado de México ($21.9B 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 Trade of Clothing, Jewelery and Clothing Accessories had a total of 500,799 economic units and the municipalities with the highest number of economic units were Cuauhtémoc (24k), Guadalajara (13.9k), and León (8.8k)
Total income eached $290B MX and the municipalities with the highest income were Cuauhtémoc ($25.9B MX), Guadalajara ($11.9B MX), and Zapopan ($10.7B MX).
Total expenditures were $235B MX and the municipalities with the highest expenditures were Cuauhtémoc ($20.4B MX), Guadalajara ($10B MX), and Zapopan ($8.54B MX).
On the other hand, in 2014 there were 926604 employees dependent on economic units and the municipalities with the highest number of employees were Cuauhtémoc (55.3k), Guadalajara (30.6k), and León (16.2k).
* 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 of Clothing, Jewelery and Clothing Accessories according to the number of employees.
According to DENUE data published in November 2024, 238,056 companies with 0 to 10 employees were registered (34,224 companies more than the previous period). In the same period, 2,602 companies with 11 to 50 employees were registered (49 companies less than the previous period).
200 companies with 51 to 100 employees were registered in 2024 (3 companies more than the previous period). Likewise, 62 companies with more than 101 employees were registered (2 companies less than the previous period).
Source National Statistical Directory of Economic Units (DENUE)
In the period January to September 2024, FDI from Retail Trade of Clothing, Jewelery and Clothing Accessories was -US$25.2M, distributed in reinvestment of earnings (US$3.38M), equity Capital (Confidential), and inter-company debts (Confidential).
Since January 1999 to September 2024, the accumulated amount of FDI in Retail Trade of Clothing, Jewelery and Clothing Accessories was US$208M, distributed in equity Capital (US$133M), inter-company debts (US$55.7M), and reinvestment of earnings (US$18.4M).
* 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$105M, 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$105M), Jalisco (US$35.2M), and Hidalgo (US$16.2M).
* Information download does not contain confidential data.
Periodo Jan-Sep 2024: ---, US$0
Main investing country between Jan-1999 and Sep-2024: United States, US$86.5M
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 Spain (Confidential), Hong Kong (Confidential), and China (Confidential).
* Information download does not contain confidential data.
As of May 2021, the states with the highest degree of specialization in Retail Trade of Clothing, Jewelery and Clothing Accessories were Guanajuato (1.47), Zacatecas (1.37), and Michoacán de Ocampo (1.35). 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 of Clothing, Jewelery and Clothing Accessories according to Relatedness were Nuevo León (0.66), Coahuila de Zaragoza (0.61), and Sonora (0.57). 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: 44.7
Average Years of Schooling 2024-Q3: 9.35
The visualization shows the workforce of Retail Trade of Clothing, Jewelery and Clothing Accessories by age group and years of schooling, comparing men and women.
In the third quarter of 2024 in Retail Trade of Clothing, Jewelery and Clothing Accessories the average age for women was 43.8 years and the average schooling was 9.58 years.
The average age of men in the Retail Trade of Clothing, Jewelery and Clothing Accessories workforce was 46.3 years, while the average schooling was 8.94 years during third quarter of 2024.
* The visualization omits the range of schooling "Not Specified".