Industry Group (5411)
2024-Q1: $565B MX, Gross Domestic Product
Jan-Mar 2024: US$0, Foreign Direct Investment
2024-Q1 : $7.68k MX, Average Monthly Salary
2024-Q1 : 3.32M, Workforce
2024-Q1 : 42.2%, Female Workforce
2024-Q1: 39.6, Average Age
In the first quarter of 2024 the gross domestic product was $565B MX, 20% less than the previous quarter.
According to data from the Economic Census 2019, total gross production was $35.9B MX. The states with the highest total gross production were Ciudad de México ($13.5B MX) and Nuevo León ($2.68B MX).
For its part, total income reached $36.4B MX in 2019, being the states with the highest income Ciudad de México ($14B MX) and Nuevo León ($2.7B MX).
Economic activities are related if they require similar knowledge or inputs. In 2014 in Legal Services the states with the highest affinity were Chihuahua (0.74), Coahuila de Zaragoza (0.71), Nuevo León (0.7), Sonora (0.7), and Baja California (0.67).
During the first quarter of 2024 in Legal Services the workforce was 3.32M people, 57.8% men and 42.2% women. In addition, the average monthly salary informed was $7.68k MX.
During the same period, occupations with the highest number of workers in Legal Services were Lawyers, Accountants and Auditors, and Analysts and Software Developers and Multimedia.
At the state level, the occupied population of Legal Services was concentrated in List Ciudad de México,Estado de México,Jalisco.
The average age of workers in Legal Services in the first quarter of 2024 was 39.6 years. In the same period, the average schooling of the workforce of Legal Services, was 15.8 years.
Average Monthly Salary 2024-Q1: $7.68k MX
Working population 2024-Q1: 3.32M
In the first quarter of 2024, the workforce in Legal Services it was of 3.32M people, 57.8% men with a reported average monthly salary of $8.17k MX and 42.2% women with a salary of $7.01k MX.
Of the total employed population, 72.1% of the total workforce were formal workers with an average monthly salary of $8.54k MX, while he 27.9% corresponds to informal workers with an average salary of $5.46k MX.
In the first quarter of 2024 the occupations with the highest number of workers were Lawyers, Accountants and Auditors, and Analysts and Software Developers and Multimedia.
At the state level, the workforce of Legal Services was concentrated on Ciudad de México, Estado de México, and Jalisco.
Gross domestic product 2024-Q1: $565B MX
Gross Domestic Product 2023: $600B MX
* Data displayed corresponds to the sector Professional, Scientific, and Technical Services since the information at lower levels of disaggregation is not available.
In the first quarter of 2024, Professional, Scientific, and Technical Services recorded a gross domestic product of $565B MX, evidencing a drop of 20% compared to the previous quarter and an increase of 5.51% 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, 28,689 economic units were totaled in Legal Services, highlighting Ciudad de México (2,546), Estado de México (2,208), and Jalisco (1,990).
Total gross production was $35.9B MX. The states with the highest total gross production were Ciudad de México ($13.5B MX) and Nuevo León ($2.68B MX).
Total income reached $36.4B MX in 2019, being the states with the highest income Ciudad de México ($14B MX) and Nuevo León ($2.7B 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, Legal Services had a total of 83,097 economic units and the municipalities with the highest number of economic units were Cuauhtémoc (3.46k), Guadalajara (3.04k), and Tijuana (2.06k)
Total income eached $57.1B MX and the municipalities with the highest income were Miguel Hidalgo ($9.63B MX), Cuauhtémoc ($5.17B MX), and Benito Juárez ($3.7B MX).
Total expenditures were $24B MX and the municipalities with the highest expenditures were Miguel Hidalgo ($4.19B MX), Cuauhtémoc ($2.44B MX), and Benito Juárez ($1.34B MX).
On the other hand, in 2014 there were 306108 employees dependent on economic units and the municipalities with the highest number of employees were Cuauhtémoc (18.6k), Miguel Hidalgo (17.6k), and Guadalajara (14.2k).
* 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 Legal Services according to the number of employees.
According to DENUE data published in May 2024, 0 companies with 0 to 10 employees were registered (equal number of companies as the previous period). In the same period, 0 companies with 11 to 50 employees were registered (equal number of companies as the previous period).
0 companies with 51 to 100 employees were registered in 2024 (equal number of companies as the previous period). Likewise, 0 companies with more than 101 employees were registered (equal number of companies as the previous period).
Source National Statistical Directory of Economic Units (DENUE)
In the period january to march 2024, no FDI was registered in Legal Services.
Since January 1999 to March 2024, the accumulated amount of FDI in Legal Services was US$26.6M, distributed in equity Capital (US$12.9M), reinvestment of earnings (US$11.2M), and inter-company debts (US$2.54M).
* 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$25.2M, 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$25.2M), Nuevo León (US$1.41M), and Campeche (Confidential).
* 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$17.1M
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), Chile (Confidential), and Uruguay (Confidential).
* Information download does not contain confidential data.
As of May 2021, the states with the highest degree of specialization in Legal Services were Baja California (1.98), Aguascalientes (1.56), and Coahuila de Zaragoza (1.48). 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 Legal Services according to Relatedness were Nuevo León (0.7), Sinaloa (0.6), and Colima (0.57). 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: 39.6
Average Years of Schooling 2024-Q1: 15.8
The visualization shows the workforce of Legal Services by age group and years of schooling, comparing men and women.
In the first quarter of 2024 in Legal Services the average age for women was 37.4 years and the average schooling was 16 years.
The average age of men in the Legal Services workforce was 41.1 years, while the average schooling was 15.6 years during first quarter of 2024.
* The visualization omits the range of schooling "Not Specified".