Industry Group (4611)
2024-Q2: $3.43T MX, Gross Domestic Product
DENUE November 2024: 1,071,341, Economic units
Jan-Sep 2024: US$16.6M, Foreign Direct Investment
2024-Q3 : $4.63k MX, Average Monthly Salary
2024-Q3 : 6.25M, Workforce
2024-Q3 : 58.1%, Female Workforce
2024-Q3: 42.1, 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 Groceries and Food registered 1,071,341 economic units. The states with the highest number of economic units were Estado de México (183,569), Puebla (84,884), and Ciudad de México (83,807).
According to data from the Economic Census 2019, total gross production was $223B MX. The states with the highest total gross production were Estado de México ($28.7B MX) and Ciudad de México ($24.9B MX).
For its part, total income reached $618B MX in 2019, being the states with the highest income Estado de México ($78.5B MX) and Ciudad de México ($68.2B MX).
Economic activities are related if they require similar knowledge or inputs. In 2014 in Retail Trade of Groceries and Food the states with the highest affinity were Sonora (0.48), San Luis Potosí (0.47), Querétaro (0.46), Coahuila de Zaragoza (0.46), and Chihuahua (0.45).
During the third quarter of 2024 in Retail Trade of Groceries and Food the workforce was 6.25M people, 41.9% men and 58.1% women. In addition, the average monthly salary informed was $4.63k MX.
During the same period, occupations with the highest number of workers in Retail Trade of Groceries and Food were Traders in Stores, Sales Employees, Dispatchers and Dependent on Trade, and Workers in the Preparation of Meat Products, Fish and Fish Products.
At the state level, the occupied population of Retail Trade of Groceries and Food was concentrated in List Estado de México,Ciudad de México,Jalisco.
The average age of workers in Retail Trade of Groceries and Food in the third quarter of 2024 was 42.1 years. In the same period, the average schooling of the workforce of Retail Trade of Groceries and Food, was 9.42 years.
Average Monthly Salary 2024-Q3: $4.63k MX
Working population 2024-Q3: 6.25M
In the third quarter of 2024, the workforce in Retail Trade of Groceries and Food it was of 6.25M people, 41.9% men with a reported average monthly salary of $5.56k MX and 58.1% women with a salary of $3.95k MX.
Of the total employed population, 24.4% of the total workforce were formal workers with an average monthly salary of $6.47k MX, while he 75.6% corresponds to informal workers with an average salary of $4.03k MX.
In the third quarter of 2024 the occupations with the highest number of workers were Traders in Stores, Sales Employees, Dispatchers and Dependent on Trade, and Workers in the Preparation of Meat Products, Fish and Fish Products.
At the state level, the workforce of Retail Trade of Groceries and Food 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, 929,452 economic units were totaled in Retail Trade of Groceries and Food, highlighting Estado de México (152,615), Ciudad de México (81,205), and Puebla (67,920).
Total gross production was $223B MX. The states with the highest total gross production were Estado de México ($28.7B MX) and Ciudad de México ($24.9B MX).
Total income reached $618B MX in 2019, being the states with the highest income Estado de México ($78.5B MX) and Ciudad de México ($68.2B 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 Groceries and Food had a total of 2,624,748 economic units and the municipalities with the highest number of economic units were Iztapalapa (56.8k), Ecatepec de Morelos (49k), and Puebla (44.3k)
Total income eached $1.13T MX and the municipalities with the highest income were Iztapalapa ($36.2B MX), Guadalajara ($33.5B MX), and Ecatepec de Morelos ($20B MX).
Total expenditures were $865B MX and the municipalities with the highest expenditures were Iztapalapa ($27.7B MX), Guadalajara ($26.3B MX), and Ecatepec de Morelos ($14.8B MX).
On the other hand, in 2014 there were 4784016 employees dependent on economic units and the municipalities with the highest number of employees were Iztapalapa (104k), Guadalajara (86.8k), and Ecatepec de Morelos (82.2k).
* 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 Groceries and Food according to the number of employees.
According to DENUE data published in November 2024, 1,065,699 companies with 0 to 10 employees were registered (80,011 companies more than the previous period). In the same period, 5,101 companies with 11 to 50 employees were registered (1,047 companies more than the previous period).
345 companies with 51 to 100 employees were registered in 2024 (50 companies more than the previous period). Likewise, 196 companies with more than 101 employees were registered (6 companies more than the previous period).
Source National Statistical Directory of Economic Units (DENUE)
In the period January to September 2024, FDI from Retail Trade of Groceries and Food was US$16.6M, distributed in equity Capital (Confidential), reinvestment of earnings (Confidential), and inter-company debts (US$0).
Since January 1999 to September 2024, the accumulated amount of FDI in Retail Trade of Groceries and Food was US$289M, distributed in equity Capital (US$231M), inter-company debts (US$40.8M), and reinvestment of earnings (US$16.6M).
* 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$155M, Quintana Roo 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 Quintana Roo (US$155M), Jalisco (US$41M), and Mexico City (US$34.1M).
* 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$117M
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 Luxembourg (Confidential), United States (Confidential), and Canada (Confidential).
* Information download does not contain confidential data.
As of May 2021, the states with the highest degree of specialization in Retail Trade of Groceries and Food were Chiapas (1.36), Tlaxcala (1.29), and Estado de México (1.28). 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 Groceries and Food according to Relatedness were Sonora (0.48), San Luis Potosí (0.47), and Querétaro (0.46). 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: 42.1
Average Years of Schooling 2024-Q3: 9.42
The visualization shows the workforce of Retail Trade of Groceries and Food by age group and years of schooling, comparing men and women.
In the third quarter of 2024 in Retail Trade of Groceries and Food the average age for women was 43.1 years and the average schooling was 9.11 years.
The average age of men in the Retail Trade of Groceries and Food workforce was 40.8 years, while the average schooling was 9.85 years during third quarter of 2024.
* The visualization omits the range of schooling "Not Specified".