Industry Group (4671)
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 Trade 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 $127B 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 $368B 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 Trade of Hardware and Glassware the states with the highest affinity were Querétaro (0.71), Nuevo León (0.68), Jalisco (0.66), Ciudad de México (0.63), and Aguascalientes (0.6).
During the second quarter of 2024 in Retail Trade 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 Trade 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 Trade of Hardware and Glassware was concentrated in List Estado de México,Ciudad de México,Jalisco.
The average age of workers in Retail Trade 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 Trade 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 Trade 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 Trade 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 Trade of Hardware and Glassware, highlighting Estado de México (25,949), Ciudad de México (13,275), and Jalisco (9,725).
Total gross production was $127B 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 $368B 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 Trade 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 Trade 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 Trade of Hardware and Glassware.
Since January 1999 to June 2024, the accumulated amount of FDI in Retail Trade 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 Trade 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 Trade of Hardware and Glassware according to Relatedness were Nuevo León (0.68), Chihuahua (0.57), and Coahuila de Zaragoza (0.56). 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 Trade of Hardware and Glassware by age group and years of schooling, comparing men and women.
In the second quarter of 2024 in Retail Trade 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 Trade 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".