Industry Group (2382)
2024-Q1: $2.15T MX, Gross Domestic Product
DENUE May 2024: 4,383, Economic units
Jan-Mar 2024: US$42.2M, Foreign Direct Investment
2024-Q1 : $6.99k MX, Average Monthly Salary
2024-Q1 : 4.73M, Workforce
2024-Q1 : 1.29%, Female Workforce
2024-Q1: 40.7, Average Age
In the first quarter of 2024 the gross domestic product was $2.15T MX, 6.1% less than the previous quarter.
According DENUE 2024, Building Equipment Contractors registered 4,383 economic units. The states with the highest number of economic units were Ciudad de México (695), Estado de México (448), and Nuevo León (320).
According to data from the Economic Census 2019, total gross production was $35.7B MX. The states with the highest total gross production were Ciudad de México ($11.4B MX) and Nuevo León ($4.13B MX).
For its part, total income reached $37.4B MX in 2019, being the states with the highest income Ciudad de México ($12B MX) and Nuevo León ($4.33B MX).
Economic activities are related if they require similar knowledge or inputs. In 2014 in Building Equipment Contractors the states with the highest affinity were Chihuahua (0.77), Nuevo León (0.77), Sonora (0.74), Coahuila de Zaragoza (0.73), and Baja California (0.71).
During the first quarter of 2024 in Building Equipment Contractors the workforce was 4.73M people, 98.7% men and 1.29% women. In addition, the average monthly salary informed was $6.99k MX.
During the same period, occupations with the highest number of workers in Building Equipment Contractors were Bricklayers, Stonemasons and Related, Support Workers in Construction, and Electricians and Linemen.
At the state level, the occupied population of Building Equipment Contractors was concentrated in List Estado de México,Puebla,Veracruz de Ignacio de la Llave.
The average age of workers in Building Equipment Contractors in the first quarter of 2024 was 40.7 years. In the same period, the average schooling of the workforce of Building Equipment Contractors, was 8.32 years.
Average Monthly Salary 2024-Q1: $6.99k MX
Working population 2024-Q1: 4.73M
In the first quarter of 2024, the workforce in Building Equipment Contractors it was of 4.73M people, 98.7% men with a reported average monthly salary of $7.02k MX and 1.29% women with a salary of $4.81k MX.
Of the total employed population, 6.52% of the total workforce were formal workers with an average monthly salary of $8.59k MX, while he 93.5% corresponds to informal workers with an average salary of $6.88k MX.
In the first quarter of 2024 the occupations with the highest number of workers were Bricklayers, Stonemasons and Related, Support Workers in Construction, and Electricians and Linemen.
At the state level, the workforce of Building Equipment Contractors was concentrated on Estado de México, Puebla, and Veracruz de Ignacio de la Llave.
Gross domestic product 2024-Q1: $2.15T MX
Gross Domestic Product 2023: $2.15T MX
* Data displayed corresponds to the sector Construction since the information at lower levels of disaggregation is not available.
In the first quarter of 2024, Construction recorded a gross domestic product of $2.15T MX, evidencing a drop of 6.1% compared to the previous quarter and an increase of 12.8% 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, 4,022 economic units were totaled in Building Equipment Contractors, highlighting Ciudad de México (675), Estado de México (419), and Nuevo León (277).
Total gross production was $35.7B MX. The states with the highest total gross production were Ciudad de México ($11.4B MX) and Nuevo León ($4.13B MX).
Total income reached $37.4B MX in 2019, being the states with the highest income Ciudad de México ($12B MX) and Nuevo León ($4.33B 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, Building Equipment Contractors had a total of 9,504 economic units and the municipalities with the highest number of economic units were Monterrey (414), Benito Juárez (339), and Guadalajara (339)
Total income eached $20B MX and the municipalities with the highest income were Benito Juárez ($1.33B MX), Monterrey ($1.12B MX), and Hermosillo ($1.06B MX).
Total expenditures were $11.5B MX and the municipalities with the highest expenditures were Benito Juárez ($828M MX), Monterrey ($615M MX), and Guadalajara ($590M MX).
On the other hand, in 2014 there were 77091 employees dependent on economic units and the municipalities with the highest number of employees were Monterrey (5.12k), Guadalajara (4.29k), and Hermosillo (4k).
* 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 Building Equipment Contractors according to the number of employees.
According to DENUE data published in May 2024, 3,352 companies with 0 to 10 employees were registered (3 companies less than the previous period). In the same period, 917 companies with 11 to 50 employees were registered (1 companies less than the previous period).
53 companies with 51 to 100 employees were registered in 2024 (2 companies less than the previous period). Likewise, 61 companies with more than 101 employees were registered (3 companies less than the previous period).
Source National Statistical Directory of Economic Units (DENUE)
In the period January to March 2024, FDI from Building Equipment Contractors was US$42.2M, distributed in reinvestment of earnings (US$49.4M), equity Capital (US$0), and inter-company debts (-US$7.21M).
Since January 1999 to March 2024, the accumulated amount of FDI in Building Equipment Contractors was US$663M, distributed in inter-company debts (US$321M), equity Capital (US$203M), and reinvestment of earnings (US$139M).
* Confidential data is not shown in the chart (see information icon in the section).
Period Jan-Mar 2024: US$0
Period Jan-1999 to Mar-2024: US$344M, Jalisco is the main receiving state
No FDI is recorded in the period January to March, 2024
Historically (from January 1999 to March2024) the states that have received the highest FDI are Jalisco (US$344M), Mexico City (US$238M), and Nuevo León (US$46.4M).
* Information download does not contain confidential data.
Periodo Jan-Mar 2024: ---, US$0
Main investing country between Jan-1999 and Mar-2024: United States, US$577M
No FDI is recorded in the period January to March of 2024.
Historically (from January 1999 to March de 2024) the countries that contributed the most to FDI were United States (US$42.2M).
* Information download does not contain confidential data.
As of May 2021, the states with the highest degree of specialization in Building Equipment Contractors were Ciudad de México (1.86). 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 Building Equipment Contractors according to Relatedness were Jalisco (0.56), Quintana Roo (0.44), and Zacatecas (0.39). 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-Q1: 40.7
Average Years of Schooling 2024-Q1: 8.32
The visualization shows the workforce of Building Equipment Contractors by age group and years of schooling, comparing men and women.
In the first quarter of 2024 in Building Equipment Contractors the average age for women was 36.6 years and the average schooling was 9.95 years.
The average age of men in the Building Equipment Contractors workforce was 40.7 years, while the average schooling was 8.3 years during first quarter of 2024.
* The visualization omits the range of schooling "Not Specified".