Trade Associations and Organizations, Labor, Professional and Recreational
Industry Group (8131)
2024-Q2: $624B MX, Gross Domestic Product
DENUE May 2024: 11,772, Economic units
Jan-Jun 2024: US$0, Foreign Direct Investment
In the second quarter of 2024 the gross domestic product was $624B MX, 2.75% less than the previous quarter.
According DENUE 2024, Trade Associations and Organizations, Labor, Professional and Recreational registered 11,772 economic units. The states with the highest number of economic units were Veracruz de Ignacio de la Llave (1,304), Ciudad de México (820), and Jalisco (640).
According to data from the Economic Census 2019, total gross production was $13.6B MX. The states with the highest total gross production were Ciudad de México ($3.19B MX) and Jalisco ($1.92B MX).
For its part, total income reached $15.3B MX in 2019, being the states with the highest income Ciudad de México ($3.38B MX) and Jalisco ($1.94B MX).
Economic activities are related if they require similar knowledge or inputs. In 2014 in Trade Associations and Organizations, Labor, Professional and Recreational the states with the highest affinity were Chihuahua (0.76), Sonora (0.76), Coahuila de Zaragoza (0.73), Nuevo León (0.69), and Baja California (0.68).
Production
#permalink to sectionGross Domestic Product
#permalink to sectionGross domestic product 2024-Q2: $624B MX
Gross Domestic Product 2023: $603B MX
* Data displayed corresponds to the sector Other Services (Except Public Administration) since the information at lower levels of disaggregation is not available.
In the second quarter of 2024, Other Services (Except Public Administration) recorded a gross domestic product of $624B MX, evidencing a drop of 2.75% compared to the previous quarter and an increase of 9.41% 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, 11,281 economic units were totaled in Trade Associations and Organizations, Labor, Professional and Recreational, highlighting Veracruz de Ignacio de la Llave (1,247), Ciudad de México (768), and Jalisco (620).
Total gross production was $13.6B MX. The states with the highest total gross production were Ciudad de México ($3.19B MX) and Jalisco ($1.92B MX).
Total income reached $15.3B MX in 2019, being the states with the highest income Ciudad de México ($3.38B MX) and Jalisco ($1.94B 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, Trade Associations and Organizations, Labor, Professional and Recreational had a total of 27,072 economic units and the municipalities with the highest number of economic units were Cuauhtémoc (885), Guadalajara (618), and Benito Juárez (444)
Total income eached $33.6B MX and the municipalities with the highest income were Benito Juárez ($4.68B MX), Cuauhtémoc ($3.82B MX), and Miguel Hidalgo ($2.03B MX).
Total expenditures were $15.7B MX and the municipalities with the highest expenditures were Benito Juárez ($1.82B MX), Cuauhtémoc ($1.74B MX), and Navolato ($1.15B MX).
On the other hand, in 2014 there were 151488 employees dependent on economic units and the municipalities with the highest number of employees were Cuauhtémoc (8.65k), Guadalajara (4.35k), and Benito Juárez (4.08k).
* 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 Trade Associations and Organizations, Labor, Professional and Recreational according to the number of employees.
According to DENUE data published in May 2024, 9,252 companies with 0 to 10 employees were registered (3 companies more than the previous period). In the same period, 2,229 companies with 11 to 50 employees were registered (equal number of companies as the previous period).
232 companies with 51 to 100 employees were registered in 2024 (4 companies less than the previous period). Likewise, 59 companies with more than 101 employees were registered (4 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$2.99M, FDI Jan-1999 to Jun-2024
In the period january to june 2024, no FDI was registered in Trade Associations and Organizations, Labor, Professional and Recreational.
Since January 1999 to June 2024, the accumulated amount of FDI in Trade Associations and Organizations, Labor, Professional and Recreational was US$2.99M, distributed in inter-company debts (US$2.84M), equity Capital (US$144k), and reinvestment of earnings (US$0).
* 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$2.64M, Jalisco 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 Jalisco (US$2.64M), Baja California Sur (US$217k), and Mexico City (US$57.4k).
* 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$2.91M
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 Canada (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 Trade Associations and Organizations, Labor, Professional and Recreational were Veracruz de Ignacio de la Llave (1.89), Chiapas (1.33), and Michoacán de Ocampo (0.98). 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 Trade Associations and Organizations, Labor, Professional and Recreational according to Relatedness were Nuevo León (0.69), Querétaro (0.59), and Aguascalientes (0.54). 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).