Construction of Buildings
Subsector (236)
2024-Q4: $2.32T MX, Gross Domestic Product
Jan-Dec 2024: US$175M, Foreign Direct Investment
2024-Q3: 39.7, Average Age
In the fourth quarter of 2024 the gross domestic product was $2.32T MX, 0.16% less than the previous quarter.
Economic activities are related if they require similar knowledge or inputs. In 2014 in Construction of Buildings the states with the highest affinity were Sonora (0.83), Chihuahua (0.78), Coahuila de Zaragoza (0.73), Nuevo León (0.73), and Sinaloa (0.72).
During the third quarter of 2024 in Construction of Buildings the workforce was N/A people, N/A% men and N/A% women. In addition, the average monthly salary informed was N/A.
During the same period, occupations with the highest number of workers in Construction of Buildings were Bricklayers, Stonemasons and Related, Support Workers in Construction, and Architects, Urban Planners and Transportation.
The average age of workers in Construction of Buildings in the third quarter of 2024 was 39.7 years. In the same period, the average schooling of the workforce of Construction of Buildings, was 9.17 years.
Production
#permalink to sectionGross Domestic Product
#permalink to sectionGross domestic product 2024-Q4: $2.32T MX
Gross Domestic Product 2024: $2.27T MX
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In the fourth quarter of 2024, Construction recorded a gross domestic product of $2.32T MX, evidencing a drop of 0.16% compared to the previous quarter and a drop of 2.93% compared to the same period of the previous year.
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Production Indicators by State
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Production Indicators by Municipality
#permalink to sectionAccording to dato from Economic Census 2014, Construction of Buildings had a total of 19,134 economic units and the municipalities with the highest number of economic units were Mérida (798), Guadalajara (780), and Monterrey (711)
Total income eached $471B MX and the municipalities with the highest income were Monterrey ($31.5B MX), Miguel Hidalgo ($30.1B MX), and Guadalajara ($25.7B MX).
Total expenditures were $330B MX and the municipalities with the highest expenditures were Monterrey ($24.4B MX), Miguel Hidalgo ($20.4B MX), and Guadalajara ($18.2B MX).
On the other hand, in 2014 there were 716577 employees dependent on economic units and the municipalities with the highest number of employees were Guadalajara (38.3k), Monterrey (33.9k), and Mérida (31.5k).
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Economic Units
#permalink to sectionThe visualization shows the number of economic units in Construction of Buildings according to the number of employees.
According to DENUE data published in N/A, N/A companies with 0 to 10 employees were registered (equal number of companies as the previous period). In the same period, N/A companies with 11 to 50 employees were registered (equal number of companies as the previous period).
N/A companies with 51 to 100 employees were registered in N/A (equal number of companies as the previous period). Likewise, N/A companies with more than 101 employees were registered (equal number of companies as the previous period).
Source National Statistical Directory of Economic Units (DENUE)
Investment
#permalink to sectionForeign Direct Investment (FDI)
#permalink to section- US$175M, FDI Jan-Dec 2024
- US$1.88B, FDI Jan-1999 to Dec-2024
In the period January to December 2024, FDI from Construction of Buildings was US$175M, distributed in reinvestment of earnings (US$155M), inter-company debts (US$14.5M), and equity Capital (US$5.31M).
Since January 1999 to December 2024, the accumulated amount of FDI in Construction of Buildings was US$1.88B, distributed in equity Capital (US$1.3B), reinvestment of earnings (US$637M), and inter-company debts (-US$53.7M).
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Foreign Direct Investment (FDI) by State
#permalink to sectionPeriod Jan-Dec 2024: US$0
Period Jan-1999 to Dec-2024: US$774M, Mexico City is the main receiving state
No FDI is recorded in the period January to December, 2024
Historically (from January 1999 to December2024) the states that have received the highest FDI are Mexico City (US$774M), Quintana Roo (US$236M), and Nuevo León (US$138M).
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Foreign Direct Investment (FDI) Origin
#permalink to sectionPeriodo Jan-Dec 2024: ---, US$0
Main investing country between Jan-1999 and Dec-2024: United States, US$611M
No FDI is recorded in the period January to December of 2024.
Historically (from January 1999 to December de 2024) the countries that contributed the most to FDI were United States (US$158M), Spain (US$9.7M), and China (Confidential).
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Specialization and Opportunity
#permalink to sectionAs of May 2021, the states with the highest degree of specialization in Construction of Buildings were Nuevo León (2.15), Sonora (2), and Yucatán (1.89). 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 Construction of Buildings according to Relatedness were Ciudad de México (0.48), Veracruz de Ignacio de la Llave (0.31), and Guanajuato (0.3). 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).
Diversity
#permalink to sectionWorkforce by Schooling Years, Age Range and Gender
#permalink to sectionAverage Age 2024-Q3: 39.7
Average Years of Schooling 2024-Q3: 9.17
The visualization shows the workforce of Construction of Buildings by age group and years of schooling, comparing men and women.
In the third quarter of 2024 in Construction of Buildings the average age for women was 34.8 years and the average schooling was 14.2 years.
The average age of men in the Construction of Buildings workforce was 40 years, while the average schooling was 8.88 years during third quarter of 2024.
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Staff According to Age of the Companies
#permalink to sectionThe visualization shows the percentage distribution of employed staff according to age range or educational level in economic units of different ages.
According to data from the Economic Census 2019, the economic units of the Construction of Buildings subsector had 383,118 people employed, by age range 20,704 people up to 20 years old were registered, 130,573 people from 21 to 30 years old, 148,242 people from 31 to 40 years old and 83,599 people over 40 years old.
By educational level 26,284 people without education were registered, 197,477 people with basic education, 90,721 people with upper secondary education and 68,636 people with higher education.
Staff Turnover and Permanence
#permalink to sectionThe visualization shows the percentage distribution of staff turnover and permanence in companies of different sizes and ages, according to the option selected in the upper button.
According to data from the Economic Census 2019, employee turnover is N/A.
Training
#permalink to sectionAccording to data from the Economic Census 2019, the staff distribution who received training according to age range was 48.4% of staff with up to 20 years, 47.4% of staff between 21 and 30 years, 46.6% of staff between 31 and 40 years, and 46.1% of staff with 41 years or more.
According to the level of instruction, the distribution of trained staff was 49.2% of staff without intruction, 47.6% of staff with basic education, 46.4% of staff with upper secondary education, and 44.5% of staff with higher education.
Financing
#permalink to sectionAccess to Financing
#permalink to sectionAccording to data from the Economic Census 2019, the distribution of economic units according to size that had access to financing was 23.1% units with up to 10 people, 35.6% units with 11 to 50 people, 48.8% units with 51 to 250 people, and 55.7% units with 251 and more people.
According to the age of the economic units, the distribution of those that obtained financing was 17.7% of the recently created (up to 2 years) units, 23.9% of the youth (3 to 5 years) units, 33.9% of the adults (6 to 10 years) units, and 39% of the seniors (over 10 years) units.
The states with the highest percentage of economic units that received financing were N/A.
Sources and Uses of Financing
#permalink to sectionThe visualization shows the percentage of economic units according to size or age according to the sources of financing or the uses they gave to the financing received.
In the chart, each level corresponds to a size or age of the company depending on the option selected in the upper button. The darker the box, the higher the percentage of economic units that are in that category.
Access to Bank Account and Credit
#permalink to sectionAccording to data from the Economic Census 2019, the distribution of economic units that had a bank account was N/A.
The states with the highest percentage of economic units that had a bank account were Quintana Roo (100%), Sinaloa (99.3%), Durango (99.3%), Veracruz de Ignacio de la Llave (99.2%), and Michoacán de Ocampo (99%).
The same information can be viewed for the economic units that had bank credit by changing the option selected in the upper button.
Reasons for not Having Credit or Bank Account
#permalink to sectionThe visualization shows the percentage of economic units classified by size according to reasons for not having a bank account or credit.
In the chart, each level corresponds to a company size, the darker the box, the greater the percentage of economic units that are in that category. The categories represent the reasons why the companies did not have a bank account or credit, depending on the option selected in the upper button.
Information Technologies
#permalink to sectionBusiness Management
#permalink to sectionInternet Purchases and Sales
#permalink to sectionThe visualization shows the distribution of purchases and sales over the Internet and the distribution of monetary transactions according to the medium used in the transaction and the size of the companies.
According to data from the 2019 Economic Census, internet sales reached N/A and purchases were N/A. On the other hand, sales made in monetary transactions were N/A and purchases reached N/A.
Problems faced by economic units
#permalink to sectionThe chart shows the main problems faced by economic units. With the upper selector it is possible to analyze the problems affecting companies according to their size. By default, the problems of economic units with up to 10 people are shown.
According to data from the Economic Census 2019, the main problems faced by the economic units of Construction of Buildings with up to 10 workers are high taxes (16.9%), high costs of raw materials (14.2%), low demand for goods or services (13.5%), and excess government procedures to operate (12.5%).
Accounting System
#permalink to sectionAccording to data from the Economic Census 2019, the distribution of economic units that had an accounting system was 95.8% units with up to 10 people, 96.9% units with 11 to 50 people, 97.7% units with 51 to 250 people, and 98% units with 251 and more people.
The states with the highest percentage of economic units that had an accounting system were N/A.
Expenditure and Income Control Mechanisms
#permalink to sectionThe chart shows the percentage of companies by size that used different mechanisms to control expenses and income in their operations.
Monetary Transactions
#permalink to sectionThe visualization shows the percentage distribution of the economic units in the Construction of Buildings subsector according to the amount of income from the supply of goods and services.
According to data from the Economic Census 2019, the states with the highest income from the supply of goods and services were list Ciudad de México ($35.8B MX),Nuevo León ($30.6B MX),Jalisco ($25.5B MX),Chihuahua ($17B MX),Estado de México ($12.1B MX).
With the upper selector it is possible to see the distribution of expenses for consumption of goods and services, in addition to the amounts of purchases or sales over the internet.
Science, Innovation and Technology
#permalink to sectionInnovation in Large Companies in Recent Years
#permalink to sectionThe visualizations shows the percentage distribution of the large economic units of the private and parastatal sector of Construction of Buildings with innovation activities in at least one year between 2016 and 2018.
According to data from the Economic Census 2019, the states with the highest percentage of large economic units with innovation activities in 2016, 2017 or 2018 were Colima (9.66%), Querétaro (9.64%), Guanajuato (9.54%), Ciudad de México (9.34%), and Veracruz de Ignacio de la Llave (9.31%).