Services Related to Insurance and the Administration of Funds for Retirement
Industry Group (5242)
2024-Q2: $1.4T MX, Gross Domestic Product
DENUE May 2024: 5,816, Economic units
Jan-Jun 2024: Confidential, Foreign Direct Investment
In the second quarter of 2024 the gross domestic product was $1.4T MX, 3.89% more than the previous quarter.
According DENUE 2024, Services Related to Insurance and the Administration of Funds for Retirement registered 5,816 economic units. The states with the highest number of economic units were Ciudad de México (634), Jalisco (401), and Nuevo León (388).
According to data from the Economic Census 2019, total gross production was $34.7B MX. The states with the highest total gross production were Ciudad de México ($25.5B MX) and Nuevo León ($3.72B MX).
For its part, total income reached $35.2B MX in 2019, being the states with the highest income Ciudad de México ($25.8B MX) and Nuevo León ($3.76B MX).
Economic activities are related if they require similar knowledge or inputs. In 2014 in Services Related to Insurance and the Administration of Funds for Retirement the states with the highest affinity were Chihuahua (0.75), Nuevo León (0.75), Sonora (0.72), Coahuila de Zaragoza (0.72), and Baja California (0.71).
Production
#permalink to sectionGross Domestic Product
#permalink to sectionGross domestic product 2024-Q2: $1.4T MX
Gross Domestic Product 2023: $1.3T MX
* Data displayed corresponds to the sector Finance and Insurance since the information at lower levels of disaggregation is not available.
In the second quarter of 2024, Finance and Insurance recorded a gross domestic product of $1.4T MX, evidencing an increase of 3.89% compared to the previous quarter and an increase of 6.73% 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, 4,546 economic units were totaled in Services Related to Insurance and the Administration of Funds for Retirement, highlighting Ciudad de México (548), Jalisco (340), and Nuevo León (304).
Total gross production was $34.7B MX. The states with the highest total gross production were Ciudad de México ($25.5B MX) and Nuevo León ($3.72B MX).
Total income reached $35.2B MX in 2019, being the states with the highest income Ciudad de México ($25.8B MX) and Nuevo León ($3.76B 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, Services Related to Insurance and the Administration of Funds for Retirement had a total of 9,870 economic units and the municipalities with the highest number of economic units were Guadalajara (666), Monterrey (477), and Cuauhtémoc (435)
Total income eached $89.9B MX and the municipalities with the highest income were Cuauhtémoc ($42.9B MX), San Pedro Garza García ($11B MX), and Álvaro Obregón ($10.2B MX).
Total expenditures were $44.3B MX and the municipalities with the highest expenditures were Cuauhtémoc ($19.2B MX), Álvaro Obregón ($7.48B MX), and San Pedro Garza García ($6.05B MX).
On the other hand, in 2014 there were 86430 employees dependent on economic units and the municipalities with the highest number of employees were Cuauhtémoc (25k), San Pedro Garza García (14.1k), and Miguel Hidalgo (8.54k).
* 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 Services Related to Insurance and the Administration of Funds for Retirement according to the number of employees.
According to DENUE data published in May 2024, 4,937 companies with 0 to 10 employees were registered (4 companies more than the previous period). In the same period, 733 companies with 11 to 50 employees were registered (4 companies more than the previous period).
80 companies with 51 to 100 employees were registered in 2024 (5 companies less than the previous period). Likewise, 66 companies with more than 101 employees were registered (1 companies less than the previous period).
Source National Statistical Directory of Economic Units (DENUE)
Investment
#permalink to sectionForeign Direct Investment (FDI)
#permalink to section- Confidential, FDI Jan-Jun 2024
- US$205M, FDI Jan-1999 to Jun-2024
In the period January to June 2024, FDI from Services Related to Insurance and the Administration of Funds for Retirement was Confidential, distributed in inter-company debts (Confidential), equity Capital (US$0), and reinvestment of earnings (US$0).
Since January 1999 to June 2024, the accumulated amount of FDI in Services Related to Insurance and the Administration of Funds for Retirement was US$205M, distributed in equity Capital (US$141M), inter-company debts (US$35M), and reinvestment of earnings (US$29.6M).
* 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$191M, 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$191M), Nuevo León (US$2.66M), and Jalisco (US$2.47M).
* 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$151M
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.
Specialization and Opportunity
#permalink to sectionAs of May 2021, the states with the highest degree of specialization in Services Related to Insurance and the Administration of Funds for Retirement were Ciudad de México (1.27). 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 Services Related to Insurance and the Administration of Funds for Retirement according to Relatedness were San Luis Potosí (0.54), Durango (0.49), and Zacatecas (0.39). 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).