Activities Related to Credit Intermediation

Industry Group (5223)

 2021-Q2: $1.01T MX, Gross Domestic Product

DENUE May 2020: 5,751, Economic units

Jan-Jun 2021: US$200M, Foreign Direct Investment

2021-Q2 : $14.4k MX, Average Monthly Salary

2021-Q2 : 9.13k, Workforce

2021-Q2 : 75.4%, Female Workforce

2021-Q2: 40, Average Age

In the second quarter of 2021 the gross domestic product was $1.01T MX, 1.42% more than the previous quarter.

According DENUE 2021, Activities Related to Credit Intermediation registered 5,751 economic units. The states with the highest number of economic units were Jalisco (697), Guanajuato (542), and Oaxaca (381).

According to data from the Economic Census 2019, total gross production was $37.6B MX. The states with the highest total gross production were Ciudad de México ($4.2B MX) and Jalisco ($4.05B MX).

For its part, total income reached $39.7B MX in 2019, being the states with the highest income Jalisco ($4.31B MX) and Ciudad de México ($4.29B MX).

Economic activities are related if they require similar knowledge or inputs. In 2014 in Activities Related to Credit Intermediation the states with the highest affinity were Nuevo León (0.68), Chihuahua (0.66), Coahuila de Zaragoza (0.63), Querétaro (0.63), and Sonora (0.62).

During the second quarter of 2021 in Activities Related to Credit Intermediation the workforce was 9.13k people, 24.6% men and 75.4% women. In addition, the average monthly salary informed was $14.4k MX.

During the same period, occupations with the highest number of workers in Activities Related to Credit Intermediation were Instructors and Trainers in Trades and for Work, Insurance Agents and Financial Services (Account Executives), and Support Workers in Various Administrative Activities.

At the state level, the occupied population of Activities Related to Credit Intermediation was concentrated in List Ciudad de México,Veracruz de Ignacio de la Llave,Michoacán de Ocampo.

The average age of workers in Activities Related to Credit Intermediation in the second quarter of 2021 was 40 years. In the same period, the average schooling of the workforce of Activities Related to Credit Intermediation, was 15.3 years.

Salaries and Workforce

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Average Monthly Salary 2021-Q2: $14.4k MX

Working population 2021-Q2: 9.13k

In the second quarter of 2021, the workforce in Activities Related to Credit Intermediation it was of 9.13k people, 24.6% men with a reported average monthly salary of $9.82k MX and 75.4% women with a salary of $15.9k MX.

Of the total employed population, 95.7% of the total workforce were formal workers with an average monthly salary of $14k MX, while he 4.29% corresponds to informal workers with an average salary of $23k MX.

Salaries and Workforce by Occupations and States

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In the second quarter of 2021 the occupations with the highest number of workers were Instructors and Trainers in Trades and for Work, Insurance Agents and Financial Services (Account Executives), and Support Workers in Various Administrative Activities.

At the state level, the workforce of Activities Related to Credit Intermediation was concentrated on Ciudad de México, Veracruz de Ignacio de la Llave, and Michoacán de Ocampo.

Gross Domestic Product

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Gross domestic product 2021-Q2: $1.01T MX

Gross Domestic Product 2020: $991B MX

* Data displayed corresponds to the sector Finance and Insurance since the information at lower levels of disaggregation is not available.

In the second quarter of 2021, Finance and Insurance recorded a gross domestic product of $1.01T MX, evidencing an increase of 1.42% compared to the previous quarter and an increase of 3.94% 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, 5,227 economic units were totaled in Activities Related to Credit Intermediation, highlighting List Jalisco (652),Guanajuato (507),Oaxaca (349).

Total gross production was $37.6B MX. The states with the highest total gross production were Ciudad de México ($4.2B MX) and Jalisco ($4.05B MX).

Total income reached $39.7B MX in 2019, being the states with the highest income Jalisco ($4.31B MX) and Ciudad de México ($4.29B 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, Activities Related to Credit Intermediation had a total of 2,664 economic units and the municipalities with the highest number of economic units were Querétaro (112), Monterrey (67), and Zapopan (59)

Total income eached $28.4B MX and the municipalities with the highest income were Celaya ($1.55B MX), Querétaro ($1.22B MX), and Oaxaca de Juárez ($1.18B MX).

Total expenditures were $6.99B MX and the municipalities with the highest expenditures were Cuauhtémoc ($513M MX), Querétaro ($464M MX), and Oaxaca de Juárez ($322M MX).

On the other hand, in 2014 there were 20942 employees dependent on economic units and the municipalities with the highest number of employees were Querétaro (853), Morelia (669), and Oaxaca de Juárez (659).

* 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 Activities Related to Credit Intermediation according to the number of employees.

According to DENUE data published in May 2021, 4,708 companies with 0 to 10 employees were registered (2 companies more than the previous period). In the same period, 958 companies with 11 to 50 employees were registered (equal number of companies as the previous period).

48 companies with 51 to 100 employees were registered in 2021 (equal number of companies as the previous period). Likewise, 37 companies with more than 101 employees were registered (equal number of companies as the previous period).

Source National Statistical Directory of Economic Units (DENUE)

Foreign Direct Investment (FDI)

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  • US$200M, FDI Jan-Jun 2021
  • US$2.41B, FDI Jan-1999 to Jun-2021

In the period January to June 2021, FDI from Activities Related to Credit Intermediation was US$200M, distributed in equity Capital (US$176M), inter-company debts (US$24M), and reinvestment of earnings (US$0).

Since January 1999 to June 2021, the accumulated amount of FDI in Activities Related to Credit Intermediation was US$2.41B, distributed in equity Capital (US$2.19B), reinvestment of earnings (US$176M), and inter-company debts (US$43.9M).

* Confidential data is not shown in the chart (see information icon in the section).

* Due to the confidentiality of the data, the annual breakdown by type of investment does not show inter-company debts and reinvestment of earnings.

Foreign Direct Investment (FDI) by State

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Period Jan-Jun 2021: US$144M, Mexico City is the main receiving state

Period Jan-1999 to Jun-2021: US$1.32B, Mexico City is the main receiving state

From January to June 2021, the states that received the highest FDI for Activities Related to Credit Intermediation were Mexico City (US$144M), Querétaro (Confidential), and Puebla (Confidential).

Historically (from January 1999 to June2021) the states that have received the highest FDI are Mexico City (US$1.32B), Nuevo León (US$535M), and Puebla (US$238M).

* Information download does not contain confidential data.

Foreign Direct Investment (FDI) Origin

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Main investing country between Jan-Jun 2021: United States, Confidential

Main investing country between Jan-1999 and Jun-2021: United States, US$1.86B

During January to June de 2021, the main countries of origin of FDI for Activities Related to Credit Intermediation were United States (Confidential), Spain (Confidential), and United Kingdom (Confidential).

Historically (from January 1999 to June de 2021) the countries that contributed the most to FDI were United States (Confidential), Spain (Confidential), and United Kingdom (Confidential).

* Information download does not contain confidential data.

Diversification Frontier

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The Affinity-Complexity visualization compares the risk and strategic value of a potential industry's opportunities in a territory. Affinity  is a predictor of the probability that a state increases its market size in an industry. Complexity  is associated with higher levels of income, potential for economic growth, lower levels of inequality and lower emissions.

Specialization and Opportunity

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As of May 2021, the states with the highest degree of specialization in Activities Related to Credit Intermediation were Guanajuato (1.91) and Jalisco (1.77). 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 Activities Related to Credit Intermediation according to Relatedness were Chihuahua (0.66), Coahuila de Zaragoza (0.63), and Sonora (0.62). 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 2021-Q2: 40

Average Years of Schooling 2021-Q2: 15.3

The visualization shows the workforce of Activities Related to Credit Intermediation by age group and years of schooling, comparing men and women.

In the second quarter of 2021 in Activities Related to Credit Intermediation the average age for women was 38.5 years and the average schooling was 15.4 years.

The average age of men in the Activities Related to Credit Intermediation workforce was 44.6 years, while the average schooling was 14.8 years during second quarter of 2021.

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