Industry Group (5614)
2024-Q2: $289B MX, Gross Domestic Product
DENUE May 2024: 54,425, Economic units
Jan-Jun 2024: Confidential, Foreign Direct Investment
2024-Q2 : $6.66k MX, Average Monthly Salary
2024-Q2 : 1.2M, Workforce
2024-Q2 : 22.9%, Female Workforce
2024-Q2: 41.3, Average Age
In the second quarter of 2024 the gross domestic product was $289B MX, 8.56% more than the previous quarter.
According DENUE 2024, Business Support Services registered 54,425 economic units. The states with the highest number of economic units were Estado de México (10,787), Ciudad de México (4,991), and Puebla (3,987).
According to data from the Economic Census 2019, total gross production was $46.6B MX. The states with the highest total gross production were Ciudad de México ($15B MX) and Baja California ($4.1B MX).
For its part, total income reached $47.3B MX in 2019, being the states with the highest income Ciudad de México ($15.2B MX) and Baja California ($4.21B MX).
Economic activities are related if they require similar knowledge or inputs. In 2014 in Business Support Services the states with the highest affinity were Ciudad de México (0.51), Querétaro (0.5), Nuevo León (0.49), Chihuahua (0.48), and Coahuila de Zaragoza (0.48).
During the second quarter of 2024 in Business Support Services the workforce was 1.2M people, 77.1% men and 22.9% women. In addition, the average monthly salary informed was $6.66k MX.
During the same period, occupations with the highest number of workers in Business Support Services were Security Guards Establishments, Supervisors in Protection and Surveillance Services, and Workers in Installation and Repair of Electronic Equipment, Telecommunications Appliances (Except Computer Equipment).
At the state level, the occupied population of Business Support Services was concentrated in List Estado de México,Ciudad de México,Guanajuato.
The average age of workers in Business Support Services in the second quarter of 2024 was 41.3 years. In the same period, the average schooling of the workforce of Business Support Services, was 10.6 years.
Average Monthly Salary 2024-Q2: $6.66k MX
Working population 2024-Q2: 1.2M
In the second quarter of 2024, the workforce in Business Support Services it was of 1.2M people, 77.1% men with a reported average monthly salary of $6.69k MX and 22.9% women with a salary of $6.54k MX.
Of the total employed population, 89.6% of the total workforce were formal workers with an average monthly salary of $6.78k MX, while he 10.4% corresponds to informal workers with an average salary of $5.56k MX.
In the second quarter of 2024 the occupations with the highest number of workers were Security Guards Establishments, Supervisors in Protection and Surveillance Services, and Workers in Installation and Repair of Electronic Equipment, Telecommunications Appliances (Except Computer Equipment).
At the state level, the workforce of Business Support Services was concentrated on Estado de México, Ciudad de México, and Guanajuato.
Gross domestic product 2024-Q2: $289B MX
Gross Domestic Product 2023: $270B MX
* Data displayed corresponds to the sector Administrative and Support and Waste Management and Remediation Services since the information at lower levels of disaggregation is not available.
In the second quarter of 2024, Administrative and Support and Waste Management and Remediation Services recorded a gross domestic product of $289B MX, evidencing an increase of 8.56% compared to the previous quarter and an increase of 13.4% 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, 52,222 economic units were totaled in Business Support Services, highlighting Estado de México (10,322), Ciudad de México (4,884), and Puebla (3,769).
Total gross production was $46.6B MX. The states with the highest total gross production were Ciudad de México ($15B MX) and Baja California ($4.1B MX).
Total income reached $47.3B MX in 2019, being the states with the highest income Ciudad de México ($15.2B MX) and Baja California ($4.21B 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, Business Support Services had a total of 148,617 economic units and the municipalities with the highest number of economic units were Iztapalapa (4.27k), Puebla (3.8k), and Ecatepec de Morelos (3.79k)
Total income eached $57.9B MX and the municipalities with the highest income were Cuauhtémoc ($7.81B MX), Benito Juárez ($4.19B MX), and Tijuana ($3.6B MX).
Total expenditures were $27.2B MX and the municipalities with the highest expenditures were Benito Juárez ($2.84B MX), Cuauhtémoc ($2.46B MX), and Miguel Hidalgo ($2.02B MX).
On the other hand, in 2014 there were 426462 employees dependent on economic units and the municipalities with the highest number of employees were Cuauhtémoc (48k), Tijuana (20.5k), and Zapopan (14.3k).
* 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 Business Support Services according to the number of employees.
According to DENUE data published in May 2024, 53,572 companies with 0 to 10 employees were registered (2 companies more than the previous period). In the same period, 581 companies with 11 to 50 employees were registered (1 companies less than the previous period).
82 companies with 51 to 100 employees were registered in 2024 (8 companies less than the previous period). Likewise, 190 companies with more than 101 employees were registered (12 companies less than the previous period).
Source National Statistical Directory of Economic Units (DENUE)
In the period January to June 2024, FDI from Business Support Services was Confidential, distributed in reinvestment of earnings (Confidential), equity Capital (US$0), and inter-company debts (Confidential).
Since January 1999 to June 2024, the accumulated amount of FDI in Business Support Services was US$202M, distributed in equity Capital (US$132M), reinvestment of earnings (US$40.6M), and inter-company debts (US$29.5M).
* 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$118M, 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$118M), Nuevo León (US$62M), and Jalisco (US$17.9M).
* 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$99.4M
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 (Confidential) and Colombia (Confidential).
* Information download does not contain confidential data.
As of May 2021, the states with the highest degree of specialization in Business Support Services were Estado de México (1.56), Hidalgo (1.43), and Chiapas (1.35). 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 Business Support Services according to Relatedness were Querétaro (0.5), Nuevo León (0.49), and Chihuahua (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: 41.3
Average Years of Schooling 2024-Q2: 10.6
The visualization shows the workforce of Business Support Services by age group and years of schooling, comparing men and women.
In the second quarter of 2024 in Business Support Services the average age for women was 37.2 years and the average schooling was 11.2 years.
The average age of men in the Business Support Services workforce was 42.6 years, while the average schooling was 10.5 years during second quarter of 2024.
* The visualization omits the range of schooling "Not Specified".