ProceduresGovernment

Real Estate Agents and Brokers

Industry Group (5312)

 2024-Q1: $2.78T MX, Gross Domestic Product

DENUE November 2023: 7,668, Economic units

Jan-Mar 2024: US$69.7M, Foreign Direct Investment

In the first quarter of 2024 the gross domestic product was $2.78T MX, 0.95% less than the previous quarter.

According DENUE 2023, Real Estate Agents and Brokers registered 7,668 economic units. The states with the highest number of economic units were Ciudad de México (1,191), Jalisco (567), and Nuevo León (526).

According to data from the Economic Census 2019, total gross production was $65.6B MX. The states with the highest total gross production were Ciudad de México ($21B MX) and Nuevo León ($8.71B MX).

For its part, total income reached $68B MX in 2019, being the states with the highest income Ciudad de México ($21.8B MX) and Nuevo León ($9.08B MX).

Economic activities are related if they require similar knowledge or inputs. In 2014 in Real Estate Agents and Brokers the states with the highest affinity were Nuevo León (0.77), Chihuahua (0.76), Coahuila de Zaragoza (0.72), Sonora (0.7), and Baja California (0.7).

Gross Domestic Product

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Gross domestic product 2024-Q1: $2.78T MX

Gross Domestic Product 2023: $2.72T MX

* Data displayed corresponds to the sector Real Estate and Rental and Leasing since the information at lower levels of disaggregation is not available.

In the first quarter of 2024, Real Estate and Rental and Leasing recorded a gross domestic product of $2.78T MX, evidencing a drop of 0.95% compared to the previous quarter and an increase of 4.34% 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

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According to data from the Economic Census 2019,  6,259 economic units were totaled in Real Estate Agents and Brokers, highlighting Ciudad de México (1,015), Jalisco (475), and Baja California (422).

Total gross production was $65.6B MX. The states with the highest total gross production were Ciudad de México ($21B MX) and Nuevo León ($8.71B MX).

Total income reached $68B MX in 2019, being the states with the highest income Ciudad de México ($21.8B MX) and Nuevo León ($9.08B 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

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According to dato from Economic Census 2014, Real Estate Agents and Brokers had a total of 21,768 economic units and the municipalities with the highest number of economic units were Cuauhtémoc (885), Monterrey (801), and Tijuana (795)

Total income eached $87.6B MX and the municipalities with the highest income were Monterrey ($11.8B MX), Miguel Hidalgo ($5.54B MX), and Mérida ($3.72B MX).

Total expenditures were $47B MX and the municipalities with the highest expenditures were Monterrey ($6.13B MX), Mérida ($2.67B MX), and Miguel Hidalgo ($2.65B MX).

On the other hand, in 2014 there were 99360 employees dependent on economic units and the municipalities with the highest number of employees were Miguel Hidalgo (6.32k), Monterrey (4.56k), and Cuauhtémoc (4.11k).

* 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

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The visualization shows the number of economic units in Real Estate Agents and Brokers according to the number of employees.

According to DENUE data published in November 2023, 6,421 companies with 0 to 10 employees were registered (281 companies more than the previous period). In the same period, 1,057 companies with 11 to 50 employees were registered (42 companies more than the previous period).

117 companies with 51 to 100 employees were registered in 2023 (11 companies more than the previous period). Likewise, 73 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)

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  • US$69.7M, FDI Jan-Mar 2024
  • US$10.2B, FDI Jan-1999 to Mar-2024

In the period January to March 2024, FDI from Real Estate Agents and Brokers was US$69.7M, distributed in inter-company debts (US$56.4M), reinvestment of earnings (US$13.3M), and equity Capital (-US$23.6k).

Since January 1999 to March 2024, the accumulated amount of FDI in Real Estate Agents and Brokers was US$10.2B, distributed in equity Capital (US$7.96B), inter-company debts (US$1.25B), and reinvestment of earnings (US$965M).

* Confidential data is not shown in the chart (see information icon in the section).

Foreign Direct Investment (FDI) by State

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Period Jan-Mar 2024: US$0

Period Jan-1999 to Mar-2024: US$4.3B, 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$4.3B), Baja California Sur (US$1.05B), and Nuevo León (US$988M).

* Information download does not contain confidential data.

Foreign Direct Investment (FDI) Origin

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

Main investing country between Jan-1999 and Mar-2024: United States, US$5.79B

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 (US$34.3M), Australia (Confidential), and Spain (US$4.62M).

* Information download does not contain confidential data.

Specialization and Opportunity

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As of May 2021, the states with the highest degree of specialization in Real Estate Agents and Brokers were Ciudad de México (1.78) and Jalisco (1.09). 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 Real Estate Agents and Brokers according to Relatedness were Tamaulipas (0.5), Durango (0.47), and Campeche (0.45). 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).