Industry Group (8112)
2024-Q1: $642B MX, Gross Domestic Product
DENUE May 2024: 29,970, Economic units
Jan-Mar 2024: Confidential, Foreign Direct Investment
2024-Q1 : $5.82k MX, Average Monthly Salary
2024-Q1 : 1.43M, Workforce
2024-Q1 : 20%, Female Workforce
2024-Q1: 43.4, Average Age
In the first quarter of 2024 the gross domestic product was $642B MX, 1.74% more than the previous quarter.
According DENUE 2024, Electronic and Precision Equipment Repair and Maintenance registered 29,970 economic units. The states with the highest number of economic units were Estado de México (3,908), Ciudad de México (2,881), 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 first quarter of 2024 in Electronic and Precision Equipment Repair and Maintenance the workforce was 1.43M people, 80% men and 20% women. In addition, the average monthly salary informed was $5.82k 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 first quarter of 2024 was 43.4 years. In the same period, the average schooling of the workforce of Electronic and Precision Equipment Repair and Maintenance, was 11.3 years.
Average Monthly Salary 2024-Q1: $5.82k MX
Working population 2024-Q1: 1.43M
In the first quarter of 2024, the workforce in Electronic and Precision Equipment Repair and Maintenance it was of 1.43M people, 80% men with a reported average monthly salary of $6.37k MX and 20% women with a salary of $3.61k MX.
Of the total employed population, 38.5% of the total workforce were formal workers with an average monthly salary of $8.18k MX, while he 61.5% corresponds to informal workers with an average salary of $4.34k MX.
In the first quarter of 2024 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 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.
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.
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.
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 May 2024, 29,629 companies with 0 to 10 employees were registered (1 companies more than the previous period). In the same period, 298 companies with 11 to 50 employees were registered (2 companies less than the previous period).
21 companies with 51 to 100 employees were registered in 2024 (4 companies less than the previous period). Likewise, 22 companies with more than 101 employees were registered (1 companies less than the previous period).
Source National Statistical Directory of Economic Units (DENUE)
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).
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.
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.
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).
Average Age 2024-Q1: 43.4
Average Years of Schooling 2024-Q1: 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 first quarter of 2024 in Electronic and Precision Equipment Repair and Maintenance the average age for women was 47.3 years and the average schooling was 10.1 years.
The average age of men in the Electronic and Precision Equipment Repair and Maintenance workforce was 42.5 years, while the average schooling was 11.6 years during first quarter of 2024.
* The visualization omits the range of schooling "Not Specified".