Industry Group (5321)
2024-Q2: $2.8T MX, Gross Domestic Product
DENUE November 2024: 2,097, Economic units
Jan-Sep 2024: -US$2.98M, Foreign Direct Investment
2024-Q3 : $13k MX, Average Monthly Salary
2024-Q3 : 24.3k, Workforce
2024-Q3 : 39.3%, Female Workforce
2024-Q3: 39.1, 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 2,097 economic units. The states with the highest number of economic units were Quintana Roo (239), Jalisco (185), and Ciudad de México (155).
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 third quarter of 2024 in Automotive Equipment Rental and Leasing the workforce was 24.3k people, 60.7% men and 39.3% women. In addition, the average monthly salary informed was $13k MX.
During the same period, occupations with the highest number of workers in Automotive Equipment Rental and Leasing were Workers in Renting Movables (Crockery, Movies, Video Games, Etc.), Directors and Sales Managers, Marketing and Rental, and Launderers Vehicles Establishments.
At the state level, the occupied population of Automotive Equipment Rental and Leasing was concentrated in List Baja California Sur,Jalisco,Quintana Roo.
The average age of workers in Automotive Equipment Rental and Leasing in the third quarter of 2024 was 39.1 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-Q3: $13k MX
Working population 2024-Q3: 24.3k
In the third quarter of 2024, the workforce in Automotive Equipment Rental and Leasing it was of 24.3k people, 60.7% men with a reported average monthly salary of $11.7k MX and 39.3% women with a salary of $15.1k MX.
Of the total employed population, 82.6% of the total workforce were formal workers with an average monthly salary of $10.7k MX, while he 17.4% corresponds to informal workers with an average salary of $24.1k MX.
In the third quarter of 2024 the occupations with the highest number of workers were Workers in Renting Movables (Crockery, Movies, Video Games, Etc.), Directors and Sales Managers, Marketing and Rental, and Launderers Vehicles Establishments.
At the state level, the workforce of Automotive Equipment Rental and Leasing was concentrated on Baja California Sur, Jalisco, 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 November 2024, 1,670 companies with 0 to 10 employees were registered (22 companies more than the previous period). In the same period, 400 companies with 11 to 50 employees were registered (11 companies more than the previous period).
17 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 (equal number of companies as the previous period).
Source National Statistical Directory of Economic Units (DENUE)
In the period January to September 2024, FDI from Automotive Equipment Rental and Leasing was -US$2.98M, distributed in reinvestment of earnings (US$5.91M), equity Capital (US$0), and inter-company debts (Confidential).
Since January 1999 to September 2024, the accumulated amount of FDI in Automotive Equipment Rental and Leasing was US$1.51B, distributed in inter-company debts (US$1.33B), equity Capital (US$164M), and reinvestment of earnings (US$15.8M).
* 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$1.47B, Mexico City 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 Mexico City (US$1.47B), Nuevo León (US$29.5M), and Estado de México (US$9.43M).
* Information download does not contain confidential data.
Periodo Jan-Sep 2024: ---, US$0
Main investing country between Jan-1999 and Sep-2024: Canada, US$1.35B
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 United States (Confidential) and 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-Q3: 39.1
Average Years of Schooling 2024-Q3: 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 third quarter of 2024 in Automotive Equipment Rental and Leasing the average age for women was 36.8 years and the average schooling was 12.9 years.
The average age of men in the Automotive Equipment Rental and Leasing workforce was 40.7 years, while the average schooling was 13.8 years during third quarter of 2024.
* The visualization omits the range of schooling "Not Specified".