Industry Group (5611)
2024-Q1: $266B MX, Gross Domestic Product
DENUE May 2024: 2,984, Economic units
Jan-Mar 2024: Confidential, Foreign Direct Investment
2024-Q1 : $5.78k MX, Average Monthly Salary
2024-Q1 : 821k, Workforce
2024-Q1 : 44.6%, Female Workforce
2024-Q1: 35.4, Average Age
In the first quarter of 2024 the gross domestic product was $266B MX, 11.1% less than the previous quarter.
According DENUE 2024, Business Administration Services registered 2,984 economic units. The states with the highest number of economic units were Ciudad de México (587), Nuevo León (374), and Estado de México (261).
According to data from the Economic Census 2019, total gross production was $123B MX. The states with the highest total gross production were Ciudad de México ($50.9B MX) and Nuevo León ($12.8B MX).
For its part, total income reached $126B MX in 2019, being the states with the highest income Ciudad de México ($52.1B MX) and Nuevo León ($13.2B MX).
Economic activities are related if they require similar knowledge or inputs. In 2014 in Business Administration Services the states with the highest affinity were Nuevo León (0.77), Chihuahua (0.76), Baja California (0.71), Coahuila de Zaragoza (0.71), and Sonora (0.7).
During the first quarter of 2024 in Business Administration Services the workforce was 821k people, 55.4% men and 44.6% women. In addition, the average monthly salary informed was $5.78k MX.
During the same period, occupations with the highest number of workers in Business Administration Services were Workers who Provide Information by Phone (Call Center) and Annunciators, Technicians in the Installation and Repair of Networks, Equipment and Computer Systems, and Waiters.
At the state level, the occupied population of Business Administration Services was concentrated in List Ciudad de México,Estado de México,Nuevo León.
The average age of workers in Business Administration Services in the first quarter of 2024 was 35.4 years. In the same period, the average schooling of the workforce of Business Administration Services, was 12.8 years.
Average Monthly Salary 2024-Q1: $5.78k MX
Working population 2024-Q1: 821k
In the first quarter of 2024, the workforce in Business Administration Services it was of 821k people, 55.4% men with a reported average monthly salary of $6.24k MX and 44.6% women with a salary of $5.2k MX.
Of the total employed population, 63.5% of the total workforce were formal workers with an average monthly salary of $6.5k MX, while he 36.5% corresponds to informal workers with an average salary of $4.51k MX.
In the first quarter of 2024 the occupations with the highest number of workers were Workers who Provide Information by Phone (Call Center) and Annunciators, Technicians in the Installation and Repair of Networks, Equipment and Computer Systems, and Waiters.
At the state level, the workforce of Business Administration Services was concentrated on Ciudad de México, Estado de México, and Nuevo León.
Gross domestic product 2024-Q1: $266B 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 first quarter of 2024, Administrative and Support and Waste Management and Remediation Services recorded a gross domestic product of $266B MX, evidencing a drop of 11.1% compared to the previous quarter and an increase of 1.56% 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, 2,126 economic units were totaled in Business Administration Services, highlighting Ciudad de México (562), Jalisco (201), and Nuevo León (196).
Total gross production was $123B MX. The states with the highest total gross production were Ciudad de México ($50.9B MX) and Nuevo León ($12.8B MX).
Total income reached $126B MX in 2019, being the states with the highest income Ciudad de México ($52.1B MX) and Nuevo León ($13.2B 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 Administration Services had a total of 7,071 economic units and the municipalities with the highest number of economic units were Miguel Hidalgo (627), Guadalajara (579), and Cuauhtémoc (561)
Total income eached $109B MX and the municipalities with the highest income were Miguel Hidalgo ($20.5B MX), Cuajimalpa de Morelos ($14.6B MX), and San Pedro Garza García ($13.1B MX).
Total expenditures were $40.8B MX and the municipalities with the highest expenditures were Miguel Hidalgo ($7.34B MX), Álvaro Obregón ($6.21B MX), and San Pedro Garza García ($4.01B MX).
On the other hand, in 2014 there were 212343 employees dependent on economic units and the municipalities with the highest number of employees were Miguel Hidalgo (41.2k), Cuauhtémoc (22.6k), and Torreón (14.4k).
* 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 Business Administration Services according to the number of employees.
According to DENUE data published in May 2024, 2,096 companies with 0 to 10 employees were registered (1 companies more than the previous period). In the same period, 488 companies with 11 to 50 employees were registered (8 companies less than the previous period).
107 companies with 51 to 100 employees were registered in 2024 (46 companies less than the previous period). Likewise, 293 companies with more than 101 employees were registered (55 companies less than the previous period).
Source National Statistical Directory of Economic Units (DENUE)
In the period January to March 2024, FDI from Business Administration Services was Confidential, distributed in equity Capital (Confidential), reinvestment of earnings (Confidential), and inter-company debts (Confidential).
Since January 1999 to March 2024, the accumulated amount of FDI in Business Administration Services was US$1.12B, distributed in equity Capital (US$1.08B), inter-company debts (US$23.7M), and reinvestment of earnings (US$16.4M).
* 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$490M, Nuevo León 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 Nuevo León (US$490M), Mexico City (US$213M), and Quintana Roo (US$77.9M).
* 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$866M
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 (Confidential) and Spain (Confidential).
* Information download does not contain confidential data.
As of May 2021, the states with the highest degree of specialization in Business Administration Services were Ciudad de México (2.48). 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 Administration Services according to Relatedness were Colima (0.53), San Luis Potosí (0.52), and Tamaulipas (0.5). 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: 35.4
Average Years of Schooling 2024-Q1: 12.8
The visualization shows the workforce of Business Administration Services by age group and years of schooling, comparing men and women.
In the first quarter of 2024 in Business Administration Services the average age for women was 35.2 years and the average schooling was 12.9 years.
The average age of men in the Business Administration Services workforce was 35.6 years, while the average schooling was 12.7 years during first quarter of 2024.
* The visualization omits the range of schooling "Not Specified".