Industry Group (5321)
2024-Q2: $2.8T MX, Gross Domestic Product
DENUE May 2024: 2,063, Economic units
Jan-Jun 2024: Confidential, Foreign Direct Investment
2024-Q2 : $10.1k MX, Average Monthly Salary
2024-Q2 : 24.9k, Workforce
2024-Q2 : 31.7%, Female Workforce
2024-Q2: 36.4, Average Age
In the second quarter of 2024 the gross domestic product was $2.8T MX, 0.95% more than the previous quarter.
According DENUE 2024, Automotive Equipment Rental and Leasing registered 2,063 economic units. The states with the highest number of economic units were Quintana Roo (260), Jalisco (178), and Ciudad de México (167).
According to data from the Economic Census 2019, total gross production was $15.3B MX. The states with the highest total gross production were Quintana Roo ($3.54B MX) and Ciudad de México ($3.2B MX).
For its part, total income reached $15.7B MX in 2019, being the states with the highest income Quintana Roo ($3.61B MX) and Ciudad de México ($3.3B MX).
Economic activities are related if they require similar knowledge or inputs. In 2014 in Automotive Equipment Rental and Leasing the states with the highest affinity were Nuevo León (0.77), Chihuahua (0.77), Sonora (0.73), Coahuila de Zaragoza (0.73), and Baja California (0.72).
During the second quarter of 2024 in Automotive Equipment Rental and Leasing the workforce was 24.9k people, 68.3% men and 31.7% women. In addition, the average monthly salary informed was $10.1k MX.
During the same period, occupations with the highest number of workers in Automotive Equipment Rental and Leasing were Support Workers in Various Administrative Activities, Workers in Renting Movables (Crockery, Movies, Video Games, Etc.), and Mechanical Maintenance and Repair of Motor Vehicles.
At the state level, the occupied population of Automotive Equipment Rental and Leasing was concentrated in List Estado de México,Baja California,Quintana Roo.
The average age of workers in Automotive Equipment Rental and Leasing in the second quarter of 2024 was 36.4 years. In the same period, the average schooling of the workforce of Automotive Equipment Rental and Leasing, was 13.5 years.
Average Monthly Salary 2024-Q2: $10.1k MX
Working population 2024-Q2: 24.9k
In the second quarter of 2024, the workforce in Automotive Equipment Rental and Leasing it was of 24.9k people, 68.3% men with a reported average monthly salary of $9.42k MX and 31.7% women with a salary of $11.4k MX.
Of the total employed population, 86.2% of the total workforce were formal workers with an average monthly salary of $9.8k MX, while he 13.8% corresponds to informal workers with an average salary of $11.6k MX.
In the second quarter of 2024 the occupations with the highest number of workers were Support Workers in Various Administrative Activities, Workers in Renting Movables (Crockery, Movies, Video Games, Etc.), and Mechanical Maintenance and Repair of Motor Vehicles.
At the state level, the workforce of Automotive Equipment Rental and Leasing was concentrated on Estado de México, Baja California, and Quintana Roo.
Gross domestic product 2024-Q2: $2.8T MX
Gross Domestic Product 2023: $2.72T MX
* Data displayed corresponds to the sector Real Estate and Rental and Leasing since the information at lower levels of disaggregation is not available.
In the second quarter of 2024, Real Estate and Rental and Leasing recorded a gross domestic product of $2.8T MX, evidencing an increase of 0.95% compared to the previous quarter and an increase of 4.67% 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, 2,026 economic units were totaled in Automotive Equipment Rental and Leasing, highlighting Quintana Roo (335), Jalisco (185), and Ciudad de México (148).
Total gross production was $15.3B MX. The states with the highest total gross production were Quintana Roo ($3.54B MX) and Ciudad de México ($3.2B MX).
Total income reached $15.7B MX in 2019, being the states with the highest income Quintana Roo ($3.61B MX) and Ciudad de México ($3.3B 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, Automotive Equipment Rental and Leasing had a total of 2,658 economic units and the municipalities with the highest number of economic units were Benito Juárez (375), Los Cabos (186), and Solidaridad (174)
Total income eached $12.7B MX and the municipalities with the highest income were Benito Juárez ($2.18B MX), Miguel Hidalgo ($1.04B MX), and Guadalajara ($970M MX).
Total expenditures were $7.05B MX and the municipalities with the highest expenditures were Benito Juárez ($1.28B MX), Guadalajara ($531M MX), and Miguel Hidalgo ($515M MX).
On the other hand, in 2014 there were 10854 employees dependent on economic units and the municipalities with the highest number of employees were Guadalajara (1.29k), Benito Juárez (1.16k), and Venustiano Carranza (786).
* 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 Automotive Equipment Rental and Leasing according to the number of employees.
According to DENUE data published in May 2024, 1,648 companies with 0 to 10 employees were registered (106 companies more than the previous period). In the same period, 389 companies with 11 to 50 employees were registered (113 companies less than the previous period).
16 companies with 51 to 100 employees were registered in 2024 (1 companies more than the previous period). Likewise, 10 companies with more than 101 employees were registered (2 companies more than the previous period).
Source National Statistical Directory of Economic Units (DENUE)
In the period January to June 2024, FDI from Automotive Equipment Rental and Leasing was Confidential, distributed in inter-company debts (Confidential), reinvestment of earnings (Confidential), and equity Capital (US$0).
Since January 1999 to June 2024, the accumulated amount of FDI in Automotive Equipment Rental and Leasing was US$1.53B, distributed in inter-company debts (US$1.35B), equity Capital (US$164M), and reinvestment of earnings (US$15.4M).
* 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$1.49B, 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$1.49B), Nuevo León (US$29.5M), and Estado de México (US$7.14M).
* Information download does not contain confidential data.
Periodo Jan-Jun 2024: ---, US$0
Main investing country between Jan-1999 and Jun-2024: Canada, US$1.37B
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.
The states with the highest degree of development opportunity in Automotive Equipment Rental and Leasing according to Relatedness were Ciudad de México (0.58), San Luis Potosí (0.53), and Durango (0.48). 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: 36.4
Average Years of Schooling 2024-Q2: 13.5
The visualization shows the workforce of Automotive Equipment Rental and Leasing by age group and years of schooling, comparing men and women.
In the second quarter of 2024 in Automotive Equipment Rental and Leasing the average age for women was 37.5 years and the average schooling was 14.8 years.
The average age of men in the Automotive Equipment Rental and Leasing workforce was 36 years, while the average schooling was 12.9 years during second quarter of 2024.
* The visualization omits the range of schooling "Not Specified".