ProceduresGovernment

Residential Building Construction

Industry Group (2361)

 2024-Q1: $2.15T MX, Gross Domestic Product

DENUE November 2023: 7,045, Economic units

Jan-Mar 2024: Confidential, Foreign Direct Investment

2023-Q4 : $7.81k MX, Average Monthly Salary

2023-Q4 : 3.12M, Workforce

2023-Q4 : 6.34%, Female Workforce

2023-Q4: 39.9, Average Age

In the first quarter of 2024 the gross domestic product was $2.15T MX, 6.1% less than the previous quarter.

According DENUE 2023, Residential Building Construction registered 7,045 economic units. The states with the highest number of economic units were Ciudad de México (520), Jalisco (508), and Nuevo León (497).

According to data from the Economic Census 2019, total gross production was $106B MX. The states with the highest total gross production were Nuevo León ($14B MX) and Jalisco ($12.2B MX).

For its part, total income reached $107B MX in 2019, being the states with the highest income Nuevo León ($14B MX) and Jalisco ($12.3B MX).

Economic activities are related if they require similar knowledge or inputs. In 2014 in Residential Building Construction the states with the highest affinity were Chihuahua (0.77), Nuevo León (0.74), Sonora (0.74), Coahuila de Zaragoza (0.73), and Baja California (0.7).

During the fourth quarter of 2023 in Residential Building Construction the workforce was 3.12M people, 93.7% men and 6.34% women. In addition, the average monthly salary informed was $7.81k MX.

During the same period, occupations with the highest number of workers in Residential Building Construction were Bricklayers, Stonemasons and Related, Support Workers in Construction, and Supervisors of Workers in Mining, Construction Workers and Building Finishes.

At the state level, the occupied population of Residential Building Construction was concentrated in List Jalisco,Estado de México,San Luis Potosí.

The average age of workers in Residential Building Construction in the fourth quarter of 2023 was 39.9 years. In the same period, the average schooling of the workforce of Residential Building Construction, was 9.05 years.

Salaries and Workforce

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Average Monthly Salary 2023-Q4: $7.81k MX

Working population 2023-Q4: 3.12M

In the fourth quarter of 2023, the workforce in Residential Building Construction it was of 3.12M people, 93.7% men with a reported average monthly salary of $7.87k MX and 6.34% women with a salary of $6.96k MX.

Of the total employed population, 27.6% of the total workforce were formal workers with an average monthly salary of $8.57k MX, while he 72.4% corresponds to informal workers with an average salary of $7.52k MX.

Salaries and Workforce by Occupations and States

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In the fourth quarter of 2023 the occupations with the highest number of workers were Bricklayers, Stonemasons and Related, Support Workers in Construction, and Supervisors of Workers in Mining, Construction Workers and Building Finishes.

At the state level, the workforce of Residential Building Construction was concentrated on Jalisco, Estado de México, and San Luis Potosí.

Gross Domestic Product

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Gross domestic product 2024-Q1: $2.15T MX

Gross Domestic Product 2023: $2.15T MX

* Data displayed corresponds to the sector Construction since the information at lower levels of disaggregation is not available.

In the first quarter of 2024, Construction recorded a gross domestic product of $2.15T MX, evidencing a drop of 6.1% compared to the previous quarter and an increase of 12.8% 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,  3,817 economic units were totaled in Residential Building Construction, highlighting Jalisco (348), Ciudad de México (289), and Nuevo León (192).

Total gross production was $106B MX. The states with the highest total gross production were Nuevo León ($14B MX) and Jalisco ($12.2B MX).

Total income reached $107B MX in 2019, being the states with the highest income Nuevo León ($14B MX) and Jalisco ($12.3B 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, Residential Building Construction had a total of 7,887 economic units and the municipalities with the highest number of economic units were Mérida (381), Guadalajara (336), and San Luis Potosí (315)

Total income eached $211B MX and the municipalities with the highest income were Miguel Hidalgo ($17.9B MX), Monterrey ($15.8B MX), and Álvaro Obregón ($12B MX).

Total expenditures were $145B MX and the municipalities with the highest expenditures were Monterrey ($11.9B MX), Miguel Hidalgo ($11.7B MX), and Álvaro Obregón ($8.13B MX).

On the other hand, in 2014 there were 329043 employees dependent on economic units and the municipalities with the highest number of employees were Mérida (17.1k), Monterrey (16.6k), and Guadalajara (15k).

* 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 Residential Building Construction according to the number of employees.

According to DENUE data published in November 2023, 3,219 companies with 0 to 10 employees were registered (230 companies more than the previous period). In the same period, 3,014 companies with 11 to 50 employees were registered (82 companies more than the previous period).

411 companies with 51 to 100 employees were registered in 2023 (9 companies more than the previous period). Likewise, 401 companies with more than 101 employees were registered (4 companies less than the previous period).

Source National Statistical Directory of Economic Units (DENUE)

Foreign Direct Investment (FDI)

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  • Confidential, FDI Jan-Mar 2024
  • US$711M, FDI Jan-1999 to Mar-2024

In the period January to March 2024, FDI from Residential Building Construction was Confidential, distributed in inter-company debts (Confidential), reinvestment of earnings (Confidential), and equity Capital (US$0).

Since January 1999 to March 2024, the accumulated amount of FDI in Residential Building Construction was US$711M, distributed in equity Capital (US$542M), reinvestment of earnings (US$93.8M), and inter-company debts (US$75.9M).

* 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$316M, 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$316M), Nuevo León (US$85.3M), and Estado de México (US$67.8M).

* 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: Belgium, US$322M

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 Colombia (Confidential).

* Information download does not contain confidential data.

Specialization and Opportunity

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The states with the highest degree of development opportunity in Residential Building Construction according to Relatedness were Ciudad de México (0.55), Tabasco (0.4), and Guanajuato (0.35). 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

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Average Age 2023-Q4: 39.9

Average Years of Schooling 2023-Q4: 9.05

The visualization shows the workforce of Residential Building Construction by age group and years of schooling, comparing men and women.

In the fourth quarter of 2023 in Residential Building Construction the average age for women was 37 years and the average schooling was 13.8 years.

The average age of men in the Residential Building Construction workforce was 40.1 years, while the average schooling was 8.73 years during fourth quarter of 2023.

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