ProceduresGovernment

Electronic and Precision Equipment Repair and Maintenance

Industry Group (8112)

 2024-Q1: $642B MX, Gross Domestic Product

DENUE November 2023: 29,976, Economic units

Jan-Mar 2024: Confidential, Foreign Direct Investment

2023-Q4 : $5.23k MX, Average Monthly Salary

2023-Q4 : 1.44M, Workforce

2023-Q4 : 18.4%, Female Workforce

2023-Q4: 42.5, Average Age

In the first quarter of 2024 the gross domestic product was $642B MX, 1.74% more than the previous quarter.

According DENUE 2023, Electronic and Precision Equipment Repair and Maintenance registered 29,976 economic units. The states with the highest number of economic units were Estado de México (3,911), Ciudad de México (2,885), and Veracruz de Ignacio de la Llave (2,014).

According to data from the Economic Census 2019, total gross production was $17.3B MX. The states with the highest total gross production were Ciudad de México ($4.71B MX) and Estado de México ($1.7B MX).

For its part, total income reached $17.6B MX in 2019, being the states with the highest income Ciudad de México ($4.78B MX) and Estado de México ($1.74B MX).

Economic activities are related if they require similar knowledge or inputs. In 2014 in Electronic and Precision Equipment Repair and Maintenance the states with the highest affinity were Chihuahua (0.72), Coahuila de Zaragoza (0.7), Nuevo León (0.7), Sonora (0.69), and Baja California (0.65).

During the fourth quarter of 2023 in Electronic and Precision Equipment Repair and Maintenance the workforce was 1.44M people, 81.6% men and 18.4% women. In addition, the average monthly salary informed was $5.23k MX.

During the same period, occupations with the highest number of workers in Electronic and Precision Equipment Repair and Maintenance were Tailors and Dressmakers, Seamstresses and Confectioners Clothing, Technicians in Installation and Repair of Electronic Equipment, Telecommunications Appliances (Except Computer Equipment), and Mechanical Maintenance and Repair of Machinery and Industrial Instruments.

At the state level, the occupied population of Electronic and Precision Equipment Repair and Maintenance was concentrated in List Estado de México,Ciudad de México,Nuevo León.

The average age of workers in Electronic and Precision Equipment Repair and Maintenance in the fourth quarter of 2023 was 42.5 years. In the same period, the average schooling of the workforce of Electronic and Precision Equipment Repair and Maintenance, was 11.3 years.

Salaries and Workforce

#permalink to section

Average Monthly Salary 2023-Q4: $5.23k MX

Working population 2023-Q4: 1.44M

In the fourth quarter of 2023, the workforce in Electronic and Precision Equipment Repair and Maintenance it was of 1.44M people, 81.6% men with a reported average monthly salary of $5.76k MX and 18.4% women with a salary of $2.9k MX.

Of the total employed population, 39.1% of the total workforce were formal workers with an average monthly salary of $7.07k MX, while he 60.9% corresponds to informal workers with an average salary of $4.05k 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 Tailors and Dressmakers, Seamstresses and Confectioners Clothing, Technicians in Installation and Repair of Electronic Equipment, Telecommunications Appliances (Except Computer Equipment), and Mechanical Maintenance and Repair of Machinery and Industrial Instruments.

At the state level, the workforce of Electronic and Precision Equipment Repair and Maintenance was concentrated on Estado de México, Ciudad de México, and Nuevo León.

Gross Domestic Product

#permalink to section

Gross domestic product 2024-Q1: $642B MX

Gross Domestic Product 2023: $603B MX

* Data displayed corresponds to the sector Other Services (Except Public Administration) since the information at lower levels of disaggregation is not available.

In the first quarter of 2024, Other Services (Except Public Administration) recorded a gross domestic product of $642B MX, evidencing an increase of 1.74% compared to the previous quarter and an increase of 9.37% 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,  27,733 economic units were totaled in Electronic and Precision Equipment Repair and Maintenance, highlighting Estado de México (3,672), Ciudad de México (2,760), and Veracruz de Ignacio de la Llave (1,854).

Total gross production was $17.3B MX. The states with the highest total gross production were Ciudad de México ($4.71B MX) and Estado de México ($1.7B MX).

Total income reached $17.6B MX in 2019, being the states with the highest income Ciudad de México ($4.78B MX) and Estado de México ($1.74B 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, Electronic and Precision Equipment Repair and Maintenance had a total of 63,624 economic units and the municipalities with the highest number of economic units were Guadalajara (1.89k), Cuauhtémoc (1.55k), and Puebla (1.39k)

Total income eached $24.9B MX and the municipalities with the highest income were Mexicali ($3.12B MX), Cuauhtémoc ($2.4B MX), and Tijuana ($1.68B MX).

Total expenditures were $14.2B MX and the municipalities with the highest expenditures were Cuauhtémoc ($1.58B MX), Mexicali ($954M MX), and Tijuana ($944M MX).

On the other hand, in 2014 there were 147285 employees dependent on economic units and the municipalities with the highest number of employees were Mexicali (24.3k), Cuauhtémoc (5.3k), and Tijuana (4.4k).

* 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.

Economic Units

#permalink to section

The visualization shows the number of economic units in Electronic and Precision Equipment Repair and Maintenance according to the number of employees.

According to DENUE data published in November 2023, 29,628 companies with 0 to 10 employees were registered (44 companies more than the previous period). In the same period, 300 companies with 11 to 50 employees were registered (8 companies more than the previous period).

25 companies with 51 to 100 employees were registered in 2023 (1 companies more than the previous period). Likewise, 23 companies with more than 101 employees were registered (1 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$34.1M, FDI Jan-1999 to Mar-2024

In the period January to March 2024, FDI from Electronic and Precision Equipment Repair and Maintenance was Confidential, distributed in inter-company debts (Confidential), equity Capital (US$0), and reinvestment of earnings (US$0).

Since January 1999 to March 2024, the accumulated amount of FDI in Electronic and Precision Equipment Repair and Maintenance was US$34.1M, distributed in equity Capital (US$19.5M), reinvestment of earnings (US$11.7M), and inter-company debts (US$2.83M).

* 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$20.6M, 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$20.6M), Tabasco (Confidential), and Jalisco (US$2.9M).

* 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$43M

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).

* 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 Electronic and Precision Equipment Repair and Maintenance were Tabasco (1.43), Tamaulipas (1.23), and Sinaloa (1.18). 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 Electronic and Precision Equipment Repair and Maintenance according to Relatedness were Sonora (0.69), Baja California (0.65), and Querétaro (0.61). 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: 42.5

Average Years of Schooling 2023-Q4: 11.3

The visualization shows the workforce of Electronic and Precision Equipment Repair and Maintenance by age group and years of schooling, comparing men and women.

In the fourth quarter of 2023 in Electronic and Precision Equipment Repair and Maintenance the average age for women was 48.1 years and the average schooling was 9.94 years.

The average age of men in the Electronic and Precision Equipment Repair and Maintenance workforce was 41.2 years, while the average schooling was 11.6 years during fourth quarter of 2023.

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