ProceduresGovernment

Retail Trade of Perfumery and Jewelery

Industry Group (4651)

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

DENUE May 2024: 38,581, Economic units

Jan-Mar 2024: Confidential, Foreign Direct Investment

2024-Q1 : $4.6k MX, Average Monthly Salary

2024-Q1 : 1.32M, Workforce

2024-Q1 : 67.1%, Female Workforce

2024-Q1: 39, 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 Perfumery and Jewelery registered 38,581 economic units. The states with the highest number of economic units were Ciudad de México (4,990), Estado de México (4,765), and Jalisco (3,595).

According to data from the Economic Census 2019, total gross production was $20B MX. The states with the highest total gross production were Ciudad de México ($5.57B MX) and Quintana Roo ($2.36B MX).

For its part, total income reached $49.6B MX in 2019, being the states with the highest income Ciudad de México ($14.5B MX) and Quintana Roo ($5.32B MX).

Economic activities are related if they require similar knowledge or inputs. In 2014 in Retail Trade of Perfumery and Jewelery the states with the highest affinity were Nuevo León (0.72), Chihuahua (0.7), Querétaro (0.69), Baja California (0.63), and Jalisco (0.63).

During the first quarter of 2024 in Retail Trade of Perfumery and Jewelery the workforce was 1.32M people, 32.9% men and 67.1% women. In addition, the average monthly salary informed was $4.6k MX.

During the same period, occupations with the highest number of workers in Retail Trade of Perfumery and Jewelery were Traders in Stores, Sales Employees, Dispatchers and Dependent on Trade, and Managers and Supervisors Product Sales and Financial Services and Rental.

At the state level, the occupied population of Retail Trade of Perfumery and Jewelery was concentrated in List Estado de México,Ciudad de México,Jalisco.

The average age of workers in Retail Trade of Perfumery and Jewelery in the first quarter of 2024 was 39 years. In the same period, the average schooling of the workforce of Retail Trade of Perfumery and Jewelery, was 11.8 years.

Salaries and Workforce

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Average Monthly Salary 2024-Q1: $4.6k MX

Working population 2024-Q1: 1.32M

In the first quarter of 2024, the workforce in Retail Trade of Perfumery and Jewelery it was of 1.32M people, 32.9% men with a reported average monthly salary of $5.78k MX and 67.1% women with a salary of $4.03k MX.

Of the total employed population, 33.7% of the total workforce were formal workers with an average monthly salary of $5.76k MX, while he 66.3% corresponds to informal workers with an average salary of $4.01k MX.

Salaries and Workforce by Occupations and States

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In the first quarter of 2024 the occupations with the highest number of workers were Traders in Stores, Sales Employees, Dispatchers and Dependent on Trade, and Managers and Supervisors Product Sales and Financial Services and Rental.

At the state level, the workforce of Retail Trade of Perfumery and Jewelery was concentrated on Estado de México, Ciudad de México, and Jalisco.

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,  35,218 economic units were totaled in Retail Trade of Perfumery and Jewelery, highlighting Ciudad de México (4,715), Estado de México (4,336), and Jalisco (3,330).

Total gross production was $20B MX. The states with the highest total gross production were Ciudad de México ($5.57B MX) and Quintana Roo ($2.36B MX).

Total income reached $49.6B MX in 2019, being the states with the highest income Ciudad de México ($14.5B MX) and Quintana Roo ($5.32B 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 Perfumery and Jewelery had a total of 85,527 economic units and the municipalities with the highest number of economic units were Cuauhtémoc (5.49k), Taxco de Alarcón (4.93k), and Guadalajara (4.05k)

Total income eached $85.8B MX and the municipalities with the highest income were Cuauhtémoc ($7.81B MX), Miguel Hidalgo ($5.12B MX), and Juárez ($4.79B MX).

Total expenditures were $66B MX and the municipalities with the highest expenditures were Cuauhtémoc ($5.98B MX), Miguel Hidalgo ($4.79B MX), and Juárez ($3.35B MX).

On the other hand, in 2014 there were 168660 employees dependent on economic units and the municipalities with the highest number of employees were Cuauhtémoc (13.3k), Guadalajara (8.77k), and Taxco de Alarcón (7.09k).

* 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 Perfumery and Jewelery according to the number of employees.

According to DENUE data published in May 2024, 38,042 companies with 0 to 10 employees were registered (39 companies more than the previous period). In the same period, 460 companies with 11 to 50 employees were registered (4 companies less than the previous period).

47 companies with 51 to 100 employees were registered in 2024 (equal number of companies as the previous period). Likewise, 32 companies with more than 101 employees were registered (1 companies more than the previous period).

Source National Statistical Directory of Economic Units (DENUE)

Workforce by Schooling Years, Age Range and Gender

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Average Age 2024-Q1: 39

Average Years of Schooling 2024-Q1: 11.8

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

In the first quarter of 2024 in Retail Trade of Perfumery and Jewelery the average age for women was 38.7 years and the average schooling was 11.9 years.

The average age of men in the Retail Trade of Perfumery and Jewelery workforce was 39.7 years, while the average schooling was 11.6 years during first quarter of 2024.

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