ProceduresGovernment

Retail Trade of Furniture for Home and other Household Goods

Industry Group (4661)

 2024-Q1: $3.21T MX, Gross Domestic Product

DENUE November 2023: 39,308, Economic units

Jan-Mar 2024: US$0, Foreign Direct Investment

2023-Q4 : $4.97k MX, Average Monthly Salary

2023-Q4 : 1.68M, Workforce

2023-Q4 : 51.1%, Female Workforce

2023-Q4: 40.8, 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 2023, Retail Trade of Furniture for Home and other Household Goods registered 39,308 economic units. The states with the highest number of economic units were Estado de México (5,241), Ciudad de México (3,765), and Jalisco (3,763).

According to data from the Economic Census 2019, total gross production was $78.5B MX. The states with the highest total gross production were Ciudad de México ($10.5B MX) and Estado de México ($9.98B MX).

For its part, total income reached $180B MX in 2019, being the states with the highest income Ciudad de México ($25.5B MX) and Estado de México ($24.3B MX).

Economic activities are related if they require similar knowledge or inputs. In 2014 in Retail Trade of Furniture for Home and other Household Goods the states with the highest affinity were Nuevo León (0.73), Querétaro (0.71), Chihuahua (0.69), Coahuila de Zaragoza (0.65), and Jalisco (0.64).

During the fourth quarter of 2023 in Retail Trade of Furniture for Home and other Household Goods the workforce was 1.68M people, 48.9% men and 51.1% women. In addition, the average monthly salary informed was $4.97k MX.

During the same period, occupations with the highest number of workers in Retail Trade of Furniture for Home and other Household Goods were Traders in Stores, Sales Employees, Dispatchers and Dependent on Trade, and Peddlers of Various Items (Excluding Food Sales).

At the state level, the occupied population of Retail Trade of Furniture for Home and other Household Goods was concentrated in List Estado de México,Jalisco,Ciudad de México.

The average age of workers in Retail Trade of Furniture for Home and other Household Goods in the fourth quarter of 2023 was 40.8 years. In the same period, the average schooling of the workforce of Retail Trade of Furniture for Home and other Household Goods, was 10.9 years.

Salaries and Workforce

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Average Monthly Salary 2023-Q4: $4.97k MX

Working population 2023-Q4: 1.68M

In the fourth quarter of 2023, the workforce in Retail Trade of Furniture for Home and other Household Goods it was of 1.68M people, 48.9% men with a reported average monthly salary of $5.58k MX and 51.1% women with a salary of $4.38k MX.

Of the total employed population, 32.7% of the total workforce were formal workers with an average monthly salary of $6.7k MX, while he 67.3% corresponds to informal workers with an average salary of $4.13k 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 Traders in Stores, Sales Employees, Dispatchers and Dependent on Trade, and Peddlers of Various Items (Excluding Food Sales).

At the state level, the workforce of Retail Trade of Furniture for Home and other Household Goods was concentrated on Estado de México, Jalisco, and Ciudad de México.

Gross Domestic Product

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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.

Production Indicators by State

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According to data from the Economic Census 2019,  37,238 economic units were totaled in Retail Trade of Furniture for Home and other Household Goods, highlighting Estado de México (5,079), Ciudad de México (3,680), and Jalisco (3,504).

Total gross production was $78.5B MX. The states with the highest total gross production were Ciudad de México ($10.5B MX) and Estado de México ($9.98B MX).

Total income reached $180B MX in 2019, being the states with the highest income Ciudad de México ($25.5B MX) and Estado de México ($24.3B 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, Retail Trade of Furniture for Home and other Household Goods had a total of 99,774 economic units and the municipalities with the highest number of economic units were Guadalajara (3.29k), Cuauhtémoc (2.99k), and Ecatepec de Morelos (1.81k)

Total income eached $263B MX and the municipalities with the highest income were Monterrey ($11.6B MX), Guadalajara ($9.88B MX), and Cuauhtémoc ($8.63B MX).

Total expenditures were $216B MX and the municipalities with the highest expenditures were Monterrey ($9.79B MX), Guadalajara ($7.74B MX), and Zapopan ($7.19B MX).

On the other hand, in 2014 there were 289371 employees dependent on economic units and the municipalities with the highest number of employees were Cuauhtémoc (11.6k), Guadalajara (10.5k), and Monterrey (7.14k).

* 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 Retail Trade of Furniture for Home and other Household Goods according to the number of employees.

According to DENUE data published in November 2023, 37,415 companies with 0 to 10 employees were registered (367 companies less than the previous period). In the same period, 1,745 companies with 11 to 50 employees were registered (235 companies less than the previous period).

84 companies with 51 to 100 employees were registered in 2023 (28 companies less than the previous period). Likewise, 64 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$0, FDI Jan-Mar 2024
  • US$519M, FDI Jan-1999 to Mar-2024

In the period january to march 2024, no FDI was registered in Retail Trade of Furniture for Home and other Household Goods.

Since January 1999 to March 2024, the accumulated amount of FDI in Retail Trade of Furniture for Home and other Household Goods was US$519M, distributed in equity Capital (US$515M), reinvestment of earnings (US$3.76M), and inter-company debts (US$325k).

* 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$251M, 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$251M), Jalisco (US$105M), and Estado de México (US$85.6M).

* 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$480M

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 Japan (Confidential), Argentina (Confidential), and United States (Confidential).

* 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 Retail Trade of Furniture for Home and other Household Goods were Jalisco (1.37), Michoacán de Ocampo (1.25), and Zacatecas (1.23). 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 Furniture for Home and other Household Goods according to Relatedness were Coahuila de Zaragoza (0.65), Baja California (0.63), and Sonora (0.6). 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: 40.8

Average Years of Schooling 2023-Q4: 10.9

The visualization shows the workforce of Retail Trade of Furniture for Home and other Household Goods by age group and years of schooling, comparing men and women.

In the fourth quarter of 2023 in Retail Trade of Furniture for Home and other Household Goods the average age for women was 41.2 years and the average schooling was 10.6 years.

The average age of men in the Retail Trade of Furniture for Home and other Household Goods workforce was 40.4 years, while the average schooling was 11.2 years during fourth quarter of 2023.

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