Depository Credit Intermediation

Industry Group (5221)

 2020-Q4: $993B MX, Gross Domestic Product

DENUE-2020: 131,296, Economic units

Jan-Dec 2020: US$5.52B, Foreign Direct Investment

2020-Q4 : $6.97k MX, Average Monthly Salary

2020-Q4 : 241k, Workforce

2020-Q4 : 46.8%, Female Workforce

2020-Q4: 34.4, Average Age

In the fourth quarter of 2020 the gross domestic product was $993B MX, 1.28% more than the previous quarter.

In 2019, in Depository Credit Intermediation the states with the highest number of economic units were Ciudad de México (41), Nuevo León (6), and Campeche (1). In the same period, the states with the highest added value were Ciudad de México ($288B MX), Campeche ($0 MX), and Guanajuato ($0 MX).

In Depository Credit Intermediation the states with the highest production were Ciudad de México ($494B MX), Campeche ($0 MX), and Guanajuato ($0 MX). In the same period, an income were registered and distributed mainly in Ciudad de México ($839B MX), Campeche ($0 MX), and Guanajuato ($0 MX).

In 2019, in Depository Credit Intermediation the states with the highest level of investment in the same period were Ciudad de México ($8.3B MX), Campeche ($0 MX), and Guanajuato ($0 MX).

Economic activities are related if they require similar knowledge or inputs. In 2014 in Depository Credit Intermediation the states with the highest affinity were Nuevo León (0.79), Chihuahua (0.77), Baja California (0.73), Sonora (0.73), and Coahuila de Zaragoza (0.73).

During the fourth quarter of 2020 in Depository Credit Intermediation the workforce was 241k, 53.2% men and 46.8% women. In addition, the average monthly salary informed was $5.86k MX for men and $8.23k MX for women.

During the same period, occupations with the highest number of workers in Depository Credit Intermediation were Insurance Agents and Financial Services (Account Executives), Cashiers, Tellers and Recipients Betting, and Directors and Managers in Accounting, Financial, Banking and Insurance and the states with the largest workforce were Ciudad de México, Estado de México, and Nuevo León.

The average age of workers in Depository Credit Intermediation in the fourth quarter of 2020 was 35.2 years in women and 33.8 years in men. In the same period, the average years of schooling in Depository Credit Intermediation, was 14.5 years in women and 15.7 years in men.

Salaries and Workforce

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Average Monthly Salary 2020-Q4: $6.97k MX

Working population 2020-Q4: 241k

In the fourth quarter of 2020, the workforce in Depository Credit Intermediation it was of 241k, 53.2% men with a reported average monthly salary of $5.86k MX and 46.8% women with a salary of $8.23k MX.

Of the total employed population, 98.3% of the total workforce were formal workers with an average monthly salary of $7.04k MX, while he 1.68% corresponds to informal workers with an average salary of $3.02k MX.

Salaries and Workforce by Occupations and States

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In the fourth quarter of 2020 the occupations with the highest number of workers were Insurance Agents and Financial Services (Account Executives), Cashiers, Tellers and Recipients Betting, and Directors and Managers in Accounting, Financial, Banking and Insurance.

At the state level, the workforce of Depository Credit Intermediation was concentrated on Ciudad de México, Estado de México, and Nuevo León.

Gross Domestic Product

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Gross domestic product 2020-Q4: $993B MX

Gross Domestic Product 2020: $3.96T MX

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

In the fourth quarter of 2020, Finance and Insurance recorded a gross domestic product of $993B MX, evidencing an increase of 1.28% compared to the previous quarter and a drop of 1.53% 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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In 2019, the states with the highest number of economic units were Ciudad de México (41), Nuevo León (6), and Campeche (1) in Depository Credit Intermediation. In addition, the states with the highest total gross production were Ciudad de México ($494B MX), Campeche ($0 MX), and Guanajuato ($0 MX).

In the same period, total income was $839B MX and the states with the highest income were Ciudad de México ($839B MX), Campeche ($0 MX), and Guanajuato ($0 MX). Total investment was $8.3k MX and the states with the highest investment were N/A. Lastly, Depository Credit Intermediation registered $288B MX of gross census value added and the states with the highest census gross value added were Ciudad de México ($288B MX), Campeche ($0 MX), and Guanajuato ($0 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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In 2014, Depository Credit Intermediation had a total of 41 economic units and the municipalities with the highest number of economic units were Miguel Hidalgo (13), Cuauhtémoc (10), and Álvaro Obregón (3), also pesoMX 617945360839.8438 in total income were registered and municipalities with the highest income were Cuauhtémoc ($160B MX), Monterrey ($80.6B MX), and Álvaro Obregón ($67.6B MX).

In the same period, Depository Credit Intermediation had $261B MX in total expenditures and the municipalities with the highest expenditures were Cuauhtémoc ($115B MX), Monterrey ($55.9B MX), and Miguel Hidalgo ($45.5B MX). On the other hand, in 2014 there were 111150 employees dependent on economic units and the municipalities with the highest number of employees were Cuauhtémoc (51.4k), Miguel Hidalgo (24k), and Monterrey (18.5k).

* 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 companies according to the number of employees.

In 2020, 120,803 companies with 0-10 employees were registered, evidencing an increase of 7.8% (112,059) compared to the previous year. In the same period, 9,756 companies with 11-50 employees, evidencing an increase of 126% (4,319) compared to the previous year.

In 2020, 587 companies with 51-100 employees were registered, evidencing an increase of 948% (56) compared to the previous year. In the same period, 150 companies with more than 101 employees were registered, evidencing an increase of 61.3% (93) compared to the previous year.

Source National Statistical Directory of Economic Units (DENUE)

Foreign Direct Investment (FDI)

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  • US$5.52B, FDI Jan-Dec 2020
  • US$68B, FDI Jan-1999 to Dec-2020

In the period January to December 2020, Foreign Direct Investment from Depository Credit Intermediation was US$5.52B, distributed in reinvestment of earnings (US$5.47B), equity Capital (US$45.3M), and inter-company debts (Confidential).

Since January 1999 to December 2020, the accumulated amount of Foreign Direct Investment in Depository Credit Intermediation was US$68B, distributed in reinvestment of earnings (US$37.8B), equity Capital (US$29.3B), and inter-company debts (US$844M).

* Some periods have been anonymized so there may be inconsistencies between the graph and the values indicated in the paragraphs.

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Period Jan-Dec 2020: US$2.07B, Mexico City is the main receiving state

Period Jan-1999 to Dec-2020: US$32.4B, Mexico City is the main receiving state

From January to December 2020, the states that received the highest Foreign Direct Investment for Depository Credit Intermediation were Mexico City (US$2.07B), Estado de México (US$643M), and Jalisco (US$353M).

Historically (from January 1999 to December2020) the states that have received the highest Foreign Direct Investment are Mexico City (US$32.4B), Estado de México (US$4.93B), and Jalisco (US$3.66B).

Foreign Direct Investment (FDI) Origin

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Main investing country between Jan-Dec 2020: Spain, US$3.17B

Main investing country between Jan-1999 and Dec-2020: Spain, US$29.9B

During January to December de 2020, the main countries of origin of Foreign Direct investment for Depository Credit Intermediation were Spain (US$3.17B), United States (US$1.54B), and United Kingdom (Confidential).

Historically (from January 1999 to December de 2020) the countries that contributed the most to Foreign Direct Investment were Spain (US$3.17B), United States (US$1.54B), and United Kingdom (Confidential).

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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In 2020, the states with the highest degree of specialization in Depository Credit Intermediation were Quintana Roo (2.59), Nuevo León (2.49), and Baja California (1.9). 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.

In 2020, the states with the highest degree of development opportunity in Depository Credit Intermediation according to Relatedness were Jalisco (0.59), San Luis Potosí (0.51), and Colima (0.51). 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 2020-Q4: 34.4

Average Years of Schooling 2020-Q4: 15.1

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

In fourth quarter of 2020 in Depository Credit Intermediation, women averaged 35.2 years and 33.8 years for men.

During the same period, the average number of years of schooling in women was 14.5 years and in men 15.7 years.

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