Restaurants and other Eating Places
Industry Group (7225)
2024-Q4: $855B MX, Gross Domestic Product
DENUE November 2024: 723,285, Economic units
Jan-Dec 2024: US$1.38M, Foreign Direct Investment
In the fourth quarter of 2024 the gross domestic product was $855B MX, 7.7% more than the previous quarter.
According DENUE 2024, Restaurants and other Eating Places registered 723,285 economic units. The states with the highest number of economic units were Estado de México (87,785), Ciudad de México (54,456), and Jalisco (48,178).
For its part, total income reached $441B MX in 2019, being the states with the highest income Ciudad de México ($83.2B MX) and Estado de México ($41.2B MX).
Economic activities are related if they require similar knowledge or inputs. In 2014 in Restaurants and other Eating Places the states with the highest affinity were Chihuahua (0.68), Sonora (0.67), Coahuila de Zaragoza (0.64), Nuevo León (0.64), and Baja California Sur (0.63).
Production
#permalink to sectionGross Domestic Product
#permalink to sectionGross domestic product 2024-Q4: $855B MX
Gross Domestic Product 2024: $804B MX
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In the fourth quarter of 2024, Accommodation and Food Services recorded a gross domestic product of $855B MX, evidencing an increase of 7.7% compared to the previous quarter and an increase of 7.8% compared to the same period of the previous year.
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Production Indicators by State
#permalink to sectionAccording to data from the Economic Census 2019, 581,530 economic units were totaled in Restaurants and other Eating Places, highlighting Estado de México (67,756), Ciudad de México (53,884), and Jalisco (40,483).
Total income reached $441B MX in 2019, being the states with the highest income Ciudad de México ($83.2B MX) and Estado de México ($41.2B MX).
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Economic Units
#permalink to sectionThe visualization shows the number of economic units in Restaurants and other Eating Places according to the number of employees.
According to DENUE data published in November 2024, 697,300 companies with 0 to 10 employees were registered (76,507 companies more than the previous period). In the same period, 24,031 companies with 11 to 50 employees were registered (3,502 companies more than the previous period).
1,571 companies with 51 to 100 employees were registered in 2024 (35 companies more than the previous period). Likewise, 383 companies with more than 101 employees were registered (24 companies less than the previous period).
Source National Statistical Directory of Economic Units (DENUE)
Investment
#permalink to sectionForeign Direct Investment (FDI)
#permalink to section- US$1.38M, FDI Jan-Dec 2024
- US$1B, FDI Jan-1999 to Dec-2024
In the period January to December 2024, FDI from Restaurants and other Eating Places was US$1.38M, distributed in reinvestment of earnings (Confidential), equity Capital (US$608k), and inter-company debts (US$0).
Since January 1999 to December 2024, the accumulated amount of FDI in Restaurants and other Eating Places was US$1B, distributed in equity Capital (US$960M), reinvestment of earnings (US$59.7M), and inter-company debts (-US$17.5M).
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Foreign Direct Investment (FDI) by State
#permalink to sectionPeriod Jan-Dec 2024: US$0
Period Jan-1999 to Dec-2024: US$468M, Mexico City is the main receiving state
No FDI is recorded in the period January to December, 2024
Historically (from January 1999 to December2024) the states that have received the highest FDI are Mexico City (US$468M), Estado de México (US$118M), and Jalisco (US$91.3M).
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Foreign Direct Investment (FDI) Origin
#permalink to sectionPeriodo Jan-Dec 2024: ---, US$0
Main investing country between Jan-1999 and Dec-2024: United States, US$794M
No FDI is recorded in the period January to December of 2024.
Historically (from January 1999 to December de 2024) the countries that contributed the most to FDI were United States (US$1.15M), South Korea (Confidential), and Canada (Confidential).
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Specialization and Opportunity
#permalink to sectionAs of May 2021, the states with the highest degree of specialization in Restaurants and other Eating Places were Nayarit (1.49), Colima (1.37), and Quintana Roo (1.22). 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 Restaurants and other Eating Places according to Relatedness were Chihuahua (0.68), Sonora (0.67), and Coahuila de Zaragoza (0.64). 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).