Industry Group (5221)
2024-Q2: $1.4T MX, Gross Domestic Product
DENUE May 2024: 64,354, Economic units
Jan-Jun 2024: US$4.71B, Foreign Direct Investment
2024-Q2 : $9.33k MX, Average Monthly Salary
2024-Q2 : 505k, Workforce
2024-Q2 : 51.3%, Female Workforce
2024-Q2: 35.3, Average Age
In the second quarter of 2024 the gross domestic product was $1.4T MX, 3.89% more than the previous quarter.
According DENUE 2024, Depository Credit Intermediation registered 64,354 economic units. The states with the highest number of economic units were Ciudad de México (8,868), Estado de México (6,265), and Nuevo León (5,423).
According to data from the Economic Census 2019, total gross production was $494B MX. The states with the highest total gross production were Ciudad de México ($494B MX).
For its part, total income reached $839B MX in 2019, being the states with the highest income Ciudad de México ($839B MX).
Economic activities are related if they require similar knowledge or inputs. In 2014 in Depository Credit Intermediation the states with the highest affinity were Nuevo León (0.78), Chihuahua (0.77), Sonora (0.73), Coahuila de Zaragoza (0.73), and Baja California (0.72).
During the second quarter of 2024 in Depository Credit Intermediation the workforce was 505k people, 48.7% men and 51.3% women. In addition, the average monthly salary informed was $9.33k MX.
During the same period, occupations with the highest number of workers in Depository Credit Intermediation were Insurance Agents and Financial Services (Account Executives), Cashiers, Tellers and Recipients Betting, and Directors and Managers in Accounting, Financial, Banking and Insurance.
At the state level, the occupied population of Depository Credit Intermediation was concentrated in List Estado de México,Ciudad de México,Nuevo León.
The average age of workers in Depository Credit Intermediation in the second quarter of 2024 was 35.3 years. In the same period, the average schooling of the workforce of Depository Credit Intermediation, was 15.2 years.
Average Monthly Salary 2024-Q2: $9.33k MX
Working population 2024-Q2: 505k
In the second quarter of 2024, the workforce in Depository Credit Intermediation it was of 505k people, 48.7% men with a reported average monthly salary of $9.79k MX and 51.3% women with a salary of $8.89k MX.
Of the total employed population, 97.4% of the total workforce were formal workers with an average monthly salary of $8.43k MX, while he 2.59% corresponds to informal workers with an average salary of $42.9k MX.
In the second quarter of 2024 the occupations with the highest number of workers were Insurance Agents and Financial Services (Account Executives), Cashiers, Tellers and Recipients Betting, and Directors and Managers in Accounting, Financial, Banking and Insurance.
At the state level, the workforce of Depository Credit Intermediation was concentrated on Estado de México, Ciudad de México, and Nuevo León.
Gross 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.
According to data from the Economic Census 2019, 51 economic units were totaled in Depository Credit Intermediation, highlighting Ciudad de México (41), Nuevo León (6), and Campeche (1).
Total gross production was $494B MX. The states with the highest total gross production were Ciudad de México ($494B MX).
Total income reached $839B MX in 2019, being the states with the highest income Ciudad de México ($839B 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, Depository Credit Intermediation had a total of 96 economic units and the municipalities with the highest number of economic units were Miguel Hidalgo (39), Cuauhtémoc (30), and Álvaro Obregón (9)
Total income eached $1.12T MX and the municipalities with the highest income were Cuauhtémoc ($479B MX), Monterrey ($242B MX), and Álvaro Obregón ($203B MX).
Total expenditures were $783B MX and the municipalities with the highest expenditures were Cuauhtémoc ($346B MX), Monterrey ($168B MX), and Miguel Hidalgo ($137B MX).
On the other hand, in 2014 there were 333450 employees dependent on economic units and the municipalities with the highest number of employees were Cuauhtémoc (154k), Miguel Hidalgo (71.9k), and Monterrey (55.5k).
* 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 Depository Credit Intermediation according to the number of employees.
According to DENUE data published in May 2024, 59,508 companies with 0 to 10 employees were registered (119 companies more than the previous period). In the same period, 4,648 companies with 11 to 50 employees were registered (278 companies more than the previous period).
140 companies with 51 to 100 employees were registered in 2024 (32 companies more than the previous period). Likewise, 58 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, FDI from Depository Credit Intermediation was US$4.71B, distributed in reinvestment of earnings (US$4.37B), inter-company debts (US$341M), and equity Capital (Confidential).
Since January 1999 to June 2024, the accumulated amount of FDI in Depository Credit Intermediation was US$90.9B, distributed in reinvestment of earnings (US$58B), equity Capital (US$31.9B), and inter-company debts (US$999M).
* 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$48B, 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$48B), Estado de México (US$6.21B), and Jalisco (US$4.51B).
* 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$40.9B
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$5.5B), Canada (Confidential), and Germany (Confidential).
* Information download does not contain confidential data.
As of May 2021, the states with the highest degree of specialization in Depository Credit Intermediation were Quintana Roo (2.6), Nuevo León (2.48), and Baja California (1.88). 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 Depository Credit Intermediation according to Relatedness were Jalisco (0.56), San Luis Potosí (0.53), and Durango (0.47). 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: 35.3
Average Years of Schooling 2024-Q2: 15.2
The visualization shows the workforce of Depository Credit Intermediation by age group and years of schooling, comparing men and women.
In the second quarter of 2024 in Depository Credit Intermediation the average age for women was 34.6 years and the average schooling was 15.1 years.
The average age of men in the Depository Credit Intermediation workforce was 36.1 years, while the average schooling was 15.4 years during second quarter of 2024.
* The visualization omits the range of schooling "Not Specified".