Industry Group (4632)
2024-Q1: $3.21T MX, Gross Domestic Product
DENUE May 2024: 206,744, Economic units
Jan-Mar 2024: Confidential, Foreign Direct Investment
2024-Q1 : $3.46k MX, Average Monthly Salary
2024-Q1 : 353k, Workforce
2024-Q1 : 64.2%, Female Workforce
2024-Q1: 45.9, Average Age
In the first quarter of 2024 the gross domestic product was $3.21T MX, 3.12% less than the previous quarter.
According DENUE 2024, Retail Trade of Clothing, Jewelery and Clothing Accessories registered 206,744 economic units. The states with the highest number of economic units were Estado de México (23,947), Jalisco (18,626), and Ciudad de México (17,601).
According to data from the Economic Census 2019, total gross production was $72.7B MX. The states with the highest total gross production were Ciudad de México ($16.5B MX) and Estado de México ($8.83B MX).
For its part, total income reached $179B MX in 2019, being the states with the highest income Ciudad de México ($39.1B MX) and Estado de México ($21.9B MX).
Economic activities are related if they require similar knowledge or inputs. In 2014 in Retail Trade of Clothing, Jewelery and Clothing Accessories the states with the highest affinity were Querétaro (0.67), Chihuahua (0.66), Nuevo León (0.66), Jalisco (0.63), and Coahuila de Zaragoza (0.61).
During the first quarter of 2024 in Retail Trade of Clothing, Jewelery and Clothing Accessories the workforce was 353k people, 35.8% men and 64.2% women. In addition, the average monthly salary informed was $3.46k MX.
During the same period, occupations with the highest number of workers in Retail Trade of Clothing, Jewelery and Clothing Accessories were Peddlers of Various Items (Excluding Food Sales), Preparers and Street Food Vendors, and Traders in Stores.
At the state level, the occupied population of Retail Trade of Clothing, Jewelery and Clothing Accessories was concentrated in List Estado de México,Puebla,Ciudad de México.
The average age of workers in Retail Trade of Clothing, Jewelery and Clothing Accessories in the first quarter of 2024 was 45.9 years. In the same period, the average schooling of the workforce of Retail Trade of Clothing, Jewelery and Clothing Accessories, was 9.23 years.
Average Monthly Salary 2024-Q1: $3.46k MX
Working population 2024-Q1: 353k
In the first quarter of 2024, the workforce in Retail Trade of Clothing, Jewelery and Clothing Accessories it was of 353k people, 35.8% men with a reported average monthly salary of $4.61k MX and 64.2% women with a salary of $2.81k MX.
Of the total employed population, 1.02% of the total workforce were formal workers with an average monthly salary of $4.25k MX, while he 99% corresponds to informal workers with an average salary of $3.45k MX.
In the first quarter of 2024 the occupations with the highest number of workers were Peddlers of Various Items (Excluding Food Sales), Preparers and Street Food Vendors, and Traders in Stores.
At the state level, the workforce of Retail Trade of Clothing, Jewelery and Clothing Accessories was concentrated on Estado de México, Puebla, and Ciudad de México.
Gross domestic product 2024-Q1: $3.21T MX
Gross Domestic Product 2023: $3.17T MX
* Data displayed corresponds to the sector Retail Trade since the information at lower levels of disaggregation is not available.
In the first quarter of 2024, Retail Trade recorded a gross domestic product of $3.21T MX, evidencing a drop of 3.12% compared to the previous quarter and an increase of 6.17% 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, 190,945 economic units were totaled in Retail Trade of Clothing, Jewelery and Clothing Accessories, highlighting Estado de México (22,309), Jalisco (17,487), and Ciudad de México (17,080).
Total gross production was $72.7B MX. The states with the highest total gross production were Ciudad de México ($16.5B MX) and Estado de México ($8.83B MX).
Total income reached $179B MX in 2019, being the states with the highest income Ciudad de México ($39.1B MX) and Estado de México ($21.9B 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, Retail Trade of Clothing, Jewelery and Clothing Accessories had a total of 500,799 economic units and the municipalities with the highest number of economic units were Cuauhtémoc (24k), Guadalajara (13.9k), and León (8.8k)
Total income eached $290B MX and the municipalities with the highest income were Cuauhtémoc ($25.9B MX), Guadalajara ($11.9B MX), and Zapopan ($10.7B MX).
Total expenditures were $235B MX and the municipalities with the highest expenditures were Cuauhtémoc ($20.4B MX), Guadalajara ($10B MX), and Zapopan ($8.54B MX).
On the other hand, in 2014 there were 926604 employees dependent on economic units and the municipalities with the highest number of employees were Cuauhtémoc (55.3k), Guadalajara (30.6k), and León (16.2k).
* 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 Retail Trade of Clothing, Jewelery and Clothing Accessories according to the number of employees.
According to DENUE data published in May 2024, 203,832 companies with 0 to 10 employees were registered (92 companies more than the previous period). In the same period, 2,651 companies with 11 to 50 employees were registered (40 companies more than the previous period).
197 companies with 51 to 100 employees were registered in 2024 (1 companies less than the previous period). Likewise, 64 companies with more than 101 employees were registered (1 companies more than the previous period).
Source National Statistical Directory of Economic Units (DENUE)
In the period January to March 2024, FDI from Retail Trade of Clothing, Jewelery and Clothing Accessories was Confidential, distributed in equity Capital (Confidential), inter-company debts (US$0), and reinvestment of earnings (US$0).
Since January 1999 to March 2024, the accumulated amount of FDI in Retail Trade of Clothing, Jewelery and Clothing Accessories was US$233M, distributed in equity Capital (US$133M), inter-company debts (US$84.2M), and reinvestment of earnings (US$15M).
* 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$121M, 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$121M), Jalisco (US$37.3M), and Hidalgo (US$16.2M).
* 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$86.5M
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 France (Confidential).
* Information download does not contain confidential data.
As of May 2021, the states with the highest degree of specialization in Retail Trade of Clothing, Jewelery and Clothing Accessories were Guanajuato (1.47), Zacatecas (1.37), and Michoacán de Ocampo (1.35). 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 Retail Trade of Clothing, Jewelery and Clothing Accessories according to Relatedness were Nuevo León (0.66), Coahuila de Zaragoza (0.61), and Sonora (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: 45.9
Average Years of Schooling 2024-Q1: 9.23
The visualization shows the workforce of Retail Trade of Clothing, Jewelery and Clothing Accessories by age group and years of schooling, comparing men and women.
In the first quarter of 2024 in Retail Trade of Clothing, Jewelery and Clothing Accessories the average age for women was 46 years and the average schooling was 9.55 years.
The average age of men in the Retail Trade of Clothing, Jewelery and Clothing Accessories workforce was 45.6 years, while the average schooling was 8.66 years during first quarter of 2024.
* The visualization omits the range of schooling "Not Specified".