ProceduresGovernment

Retail Trade of Groceries and Food

Industry Group (4611)

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

DENUE November 2023: 988,926, Economic units

Jan-Mar 2024: Confidential, Foreign Direct Investment

2023-Q4 : $3.99k MX, Average Monthly Salary

2023-Q4 : 6.13M, Workforce

2023-Q4 : 59.9%, Female Workforce

2023-Q4: 41.5, 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 Groceries and Food registered 988,926 economic units. The states with the highest number of economic units were Estado de México (160,578), Ciudad de México (84,287), and Puebla (73,197).

According to data from the Economic Census 2019, total gross production was $223B MX. The states with the highest total gross production were Estado de México ($28.7B MX) and Ciudad de México ($24.9B MX).

For its part, total income reached $618B MX in 2019, being the states with the highest income Estado de México ($78.5B MX) and Ciudad de México ($68.2B MX).

Economic activities are related if they require similar knowledge or inputs. In 2014 in Retail Trade of Groceries and Food the states with the highest affinity were Sonora (0.48), San Luis Potosí (0.47), Querétaro (0.46), Coahuila de Zaragoza (0.46), and Chihuahua (0.45).

During the fourth quarter of 2023 in Retail Trade of Groceries and Food the workforce was 6.13M people, 40.1% men and 59.9% women. In addition, the average monthly salary informed was $3.99k MX.

During the same period, occupations with the highest number of workers in Retail Trade of Groceries and Food were Traders in Stores, Sales Employees, Dispatchers and Dependent on Trade, and Workers in the Preparation of Meat Products, Fish and Fish Products.

At the state level, the occupied population of Retail Trade of Groceries and Food was concentrated in List Estado de México,Jalisco,Veracruz de Ignacio de la Llave.

The average age of workers in Retail Trade of Groceries and Food in the fourth quarter of 2023 was 41.5 years. In the same period, the average schooling of the workforce of Retail Trade of Groceries and Food, was 9.39 years.

Salaries and Workforce

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Average Monthly Salary 2023-Q4: $3.99k MX

Working population 2023-Q4: 6.13M

In the fourth quarter of 2023, the workforce in Retail Trade of Groceries and Food it was of 6.13M people, 40.1% men with a reported average monthly salary of $4.74k MX and 59.9% women with a salary of $3.48k MX.

Of the total employed population, 24.9% of the total workforce were formal workers with an average monthly salary of $5.49k MX, while he 75.1% corresponds to informal workers with an average salary of $3.49k 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 Workers in the Preparation of Meat Products, Fish and Fish Products.

At the state level, the workforce of Retail Trade of Groceries and Food was concentrated on Estado de México, Jalisco, and Veracruz de Ignacio de la Llave.

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,  929,452 economic units were totaled in Retail Trade of Groceries and Food, highlighting Estado de México (152,615), Ciudad de México (81,205), and Puebla (67,920).

Total gross production was $223B MX. The states with the highest total gross production were Estado de México ($28.7B MX) and Ciudad de México ($24.9B MX).

Total income reached $618B MX in 2019, being the states with the highest income Estado de México ($78.5B MX) and Ciudad de México ($68.2B 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 Groceries and Food had a total of 2,624,748 economic units and the municipalities with the highest number of economic units were Iztapalapa (56.8k), Ecatepec de Morelos (49k), and Puebla (44.3k)

Total income eached $1.13T MX and the municipalities with the highest income were Iztapalapa ($36.2B MX), Guadalajara ($33.5B MX), and Ecatepec de Morelos ($20B MX).

Total expenditures were $865B MX and the municipalities with the highest expenditures were Iztapalapa ($27.7B MX), Guadalajara ($26.3B MX), and Ecatepec de Morelos ($14.8B MX).

On the other hand, in 2014 there were 4784016 employees dependent on economic units and the municipalities with the highest number of employees were Iztapalapa (104k), Guadalajara (86.8k), and Ecatepec de Morelos (82.2k).

* 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.

Economic Units

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The visualization shows the number of economic units in Retail Trade of Groceries and Food according to the number of employees.

According to DENUE data published in November 2023, 984,394 companies with 0 to 10 employees were registered (914 companies more than the previous period). In the same period, 4,047 companies with 11 to 50 employees were registered (268 companies more than the previous period).

294 companies with 51 to 100 employees were registered in 2023 (75 companies more than the previous period). Likewise, 191 companies with more than 101 employees were registered (53 companies more 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$282M, FDI Jan-1999 to Mar-2024

In the period January to March 2024, FDI from Retail Trade of Groceries and Food 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 Groceries and Food was US$282M, distributed in equity Capital (US$231M), inter-company debts (US$40.8M), and reinvestment of earnings (US$9.91M).

* 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$155M, Quintana Roo 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 Quintana Roo (US$155M), Jalisco (US$41M), and Mexico City (US$34.1M).

* 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$110M

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 Luxembourg (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 Groceries and Food were Chiapas (1.36), Tlaxcala (1.29), and Estado de México (1.28). 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 Groceries and Food according to Relatedness were Sonora (0.48), San Luis Potosí (0.47), and Querétaro (0.46). 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: 41.5

Average Years of Schooling 2023-Q4: 9.39

The visualization shows the workforce of Retail Trade of Groceries and Food by age group and years of schooling, comparing men and women.

In the fourth quarter of 2023 in Retail Trade of Groceries and Food the average age for women was 42.2 years and the average schooling was 9.19 years.

The average age of men in the Retail Trade of Groceries and Food workforce was 40.4 years, while the average schooling was 9.69 years during fourth quarter of 2023.

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