ProceduresGovernment

Business Support Services

Industry Group (5614)

 2024-Q1: $266B MX, Gross Domestic Product

DENUE November 2023: 54,444, Economic units

Jan-Mar 2024: Confidential, Foreign Direct Investment

2023-Q4 : $6.12k MX, Average Monthly Salary

2023-Q4 : 1.3M, Workforce

2023-Q4 : 21.7%, Female Workforce

2023-Q4: 41.2, Average Age

In the first quarter of 2024 the gross domestic product was $266B MX, 11.1% less than the previous quarter.

According DENUE 2023, Business Support Services registered 54,444 economic units. The states with the highest number of economic units were Estado de México (10,787), Ciudad de México (4,998), and Puebla (3,986).

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 fourth quarter of 2023 in Business Support Services the workforce was 1.3M people, 78.3% men and 21.7% women. In addition, the average monthly salary informed was $6.12k MX.

During the same period, occupations with the highest number of workers in Business Support Services were Security Guards Establishments, Support Workers in Various Administrative Activities, and Supervisors in Protection and Surveillance Services.

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 fourth quarter of 2023 was 41.2 years. In the same period, the average schooling of the workforce of Business Support Services, was 10.9 years.

Salaries and Workforce

#permalink to section

Average Monthly Salary 2023-Q4: $6.12k MX

Working population 2023-Q4: 1.3M

In the fourth quarter of 2023, the workforce in Business Support Services it was of 1.3M people, 78.3% men with a reported average monthly salary of $6.3k MX and 21.7% women with a salary of $5.45k MX.

Of the total employed population, 90.2% of the total workforce were formal workers with an average monthly salary of $6.16k MX, while he 9.75% corresponds to informal workers with an average salary of $5.74k MX.

Salaries and Workforce by Occupations and States

#permalink to section

In the fourth quarter of 2023 the occupations with the highest number of workers were Security Guards Establishments, Support Workers in Various Administrative Activities, and Supervisors in Protection and Surveillance Services.

At the state level, the workforce of Business Support Services was concentrated on Estado de México, Ciudad de México, and Guanajuato.

Gross Domestic Product

#permalink to section

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.

Production Indicators by State

#permalink to section

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.

Production Indicators by Municipality

#permalink to section

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.

Economic Units

#permalink to section

The visualization shows the number of economic units in Business Support Services according to the number of employees.

According to DENUE data published in November 2023, 53,570 companies with 0 to 10 employees were registered (144 companies less than the previous period). In the same period, 582 companies with 11 to 50 employees were registered (115 companies less than the previous period).

90 companies with 51 to 100 employees were registered in 2023 (25 companies less than the previous period). Likewise, 202 companies with more than 101 employees were registered (16 companies less than the previous period).

Source National Statistical Directory of Economic Units (DENUE)

Foreign Direct Investment (FDI)

#permalink to section

  • Confidential, FDI Jan-Mar 2024
  • US$202M, FDI Jan-1999 to Mar-2024

In the period January to March 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 March 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).

Foreign Direct Investment (FDI) by State

#permalink to section

Period Jan-Mar 2024: US$0

Period Jan-1999 to Mar-2024: US$118M, Mexico City 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 Mexico City (US$118M), Nuevo León (US$62M), and Jalisco (US$17.9M).

* Information download does not contain confidential data.

Foreign Direct Investment (FDI) Origin

#permalink to section

Periodo Jan-Mar 2024: ---, US$0

Main investing country between Jan-1999 and Mar-2024: United States, US$99.4M

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 Colombia (Confidential).

* Information download does not contain confidential data.

Specialization and Opportunity

#permalink to section

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).

Workforce by Schooling Years, Age Range and Gender

#permalink to section

Average Age 2023-Q4: 41.2

Average Years of Schooling 2023-Q4: 10.9

The visualization shows the workforce of Business Support Services by age group and years of schooling, comparing men and women.

In the fourth quarter of 2023 in Business Support Services the average age for women was 37.5 years and the average schooling was 11.7 years.

The average age of men in the Business Support Services workforce was 42.3 years, while the average schooling was 10.7 years during fourth quarter of 2023.

* The visualization omits the range of schooling "Not Specified".