Utility system Construction
Industry Group (2371)
2024-Q2: $2.39T MX, Gross Domestic Product
DENUE May 2024: 1,956, Economic units
Jan-Jun 2024: US$97.5M, Foreign Direct Investment
In the second quarter of 2024 the gross domestic product was $2.39T MX, 10.9% more than the previous quarter.
According DENUE 2024, Utility system Construction registered 1,956 economic units. The states with the highest number of economic units were Ciudad de México (176), Veracruz de Ignacio de la Llave (132), and Jalisco (120).
According to data from the Economic Census 2019, total gross production was $72.3B MX. The states with the highest total gross production were Ciudad de México ($27.2B MX) and Tabasco ($9.43B MX).
For its part, total income reached $74.2B MX in 2019, being the states with the highest income Ciudad de México ($28.4B MX) and Tabasco ($9.5B MX).
Economic activities are related if they require similar knowledge or inputs. In 2014 in Utility system Construction the states with the highest affinity were Chihuahua (0.74), Sonora (0.73), Coahuila de Zaragoza (0.71), Nuevo León (0.7), and Baja California (0.67).
Production
#permalink to sectionGross Domestic Product
#permalink to sectionGross domestic product 2024-Q2: $2.39T MX
Gross Domestic Product 2023: $2.15T MX
* Data displayed corresponds to the sector Construction since the information at lower levels of disaggregation is not available.
In the second quarter of 2024, Construction recorded a gross domestic product of $2.39T MX, evidencing an increase of 10.9% compared to the previous quarter and an increase of 11.5% 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, 1,294 economic units were totaled in Utility system Construction, highlighting Ciudad de México (106), Jalisco (87), and Veracruz de Ignacio de la Llave (75).
Total gross production was $72.3B MX. The states with the highest total gross production were Ciudad de México ($27.2B MX) and Tabasco ($9.43B MX).
Total income reached $74.2B MX in 2019, being the states with the highest income Ciudad de México ($28.4B MX) and Tabasco ($9.5B 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, Utility system Construction had a total of 2,448 economic units and the municipalities with the highest number of economic units were Mérida (153), Tuxtla Gutiérrez (102), and Centro (99)
Total income eached $182B MX and the municipalities with the highest income were Centro ($54B MX), Benito Juárez ($36.4B MX), and Carmen ($22.6B MX).
Total expenditures were $125B MX and the municipalities with the highest expenditures were Centro ($40.9B MX), Benito Juárez ($24.2B MX), and Miguel Hidalgo ($11.9B MX).
On the other hand, in 2014 there were 97071 employees dependent on economic units and the municipalities with the highest number of employees were Benito Juárez (25.5k), Centro (4.77k), and Carmen (3.26k).
* 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 Utility system Construction according to the number of employees.
According to DENUE data published in May 2024, 764 companies with 0 to 10 employees were registered (3 companies more than the previous period). In the same period, 919 companies with 11 to 50 employees were registered (10 companies more than the previous period).
140 companies with 51 to 100 employees were registered in 2024 (2 companies more than the previous period). Likewise, 133 companies with more than 101 employees were registered (7 companies less than the previous period).
Source National Statistical Directory of Economic Units (DENUE)
Investment
#permalink to sectionForeign Direct Investment (FDI)
#permalink to section- US$97.5M, FDI Jan-Jun 2024
- US$10.4B, FDI Jan-1999 to Jun-2024
In the period January to June 2024, FDI from Utility system Construction was US$97.5M, distributed in inter-company debts (US$94.1M), reinvestment of earnings (US$3.37M), and equity Capital (US$0).
Since January 1999 to June 2024, the accumulated amount of FDI in Utility system Construction was US$10.4B, distributed in reinvestment of earnings (US$4.19B), equity Capital (US$3.76B), and inter-company debts (US$2.48B).
* 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$1.76B, Nuevo León 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 Nuevo León (US$1.76B), Tamaulipas (US$1.45B), and Mexico City (US$1.09B).
* 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: Spain, US$6.48B
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 (US$90.4M) and Denmark (Confidential).
* Information download does not contain confidential data.
Specialization and Opportunity
#permalink to sectionThe states with the highest degree of development opportunity in Utility system Construction according to Relatedness were Querétaro (0.61), Jalisco (0.52), and Quintana Roo (0.45). 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).