Depository Credit Intermediation

Industry Group (5221)

 2022-Q1: $1.08T MX, Gross Domestic Product

DENUE May 2020: 66,072, Economic units

Jan-Mar 2022: US$2.84B, Foreign Direct Investment

2022-Q1 : $7.15k MX, Average Monthly Salary

2022-Q1 : 227k, Workforce

2022-Q1 : 51.8%, Female Workforce

2022-Q1: 36.8, Average Age

In the first quarter of 2022 the gross domestic product was $1.08T MX, 5.13% more than the previous quarter.

According DENUE 2021, Depository Credit Intermediation registered 66,072 economic units. The states with the highest number of economic units were Ciudad de México (9,103), Estado de México (6,435), and Nuevo León (5,524).

According to data from the Economic Census 2019, total gross production was $494B MX. The states with the highest total gross production were Ciudad de México ($494B MX).

For its part, total income reached $839B MX in 2019, being the states with the highest income Ciudad de México ($839B 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 (0.78), Chihuahua (0.77), Sonora (0.73), Coahuila de Zaragoza (0.73), and Baja California (0.72).

During the first quarter of 2022 in Depository Credit Intermediation the workforce was 227k people, 48.2% men and 51.8% women. In addition, the average monthly salary informed was $7.15k MX.

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.

At the state level, the occupied population of Depository Credit Intermediation was concentrated in List Ciudad de México,Estado de México,Nuevo León.

The average age of workers in Depository Credit Intermediation in the first quarter of 2022 was 36.8 years. In the same period, the average schooling of the workforce of Depository Credit Intermediation, was 15 years.

Salaries and Workforce

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Average Monthly Salary 2022-Q1: $7.15k MX

Working population 2022-Q1: 227k

In the first quarter of 2022, the workforce in Depository Credit Intermediation it was of 227k people, 48.2% men with a reported average monthly salary of $6.99k MX and 51.8% women with a salary of $7.3k MX.

Of the total employed population, 92.8% of the total workforce were formal workers with an average monthly salary of $7.41k MX, while he 7.16% corresponds to informal workers with an average salary of $3.75k MX.

Salaries and Workforce by Occupations and States

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In the first quarter of 2022 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 2022-Q1: $1.08T MX

Gross Domestic Product 2021: $1T MX

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

In the first quarter of 2022, Finance and Insurance recorded a gross domestic product of $1.08T MX, evidencing an increase of 5.13% compared to the previous quarter and an increase of 9.73% 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,  51 economic units were totaled in Depository Credit Intermediation, highlighting Ciudad de México (41), Nuevo León (6), and Campeche (1).

Total gross production was $494B MX. The states with the highest total gross production were Ciudad de México ($494B MX).

Total income reached $839B MX in 2019, being the states with the highest income Ciudad de México ($839B 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, Depository Credit Intermediation had a total of 32 economic units and the municipalities with the highest number of economic units were Miguel Hidalgo (13), Cuauhtémoc (10), and Álvaro Obregón (3)

Total income eached $374B MX and the municipalities with the highest income were Cuauhtémoc ($160B MX), Monterrey ($80.6B MX), and Álvaro Obregón ($67.6B MX).

Total expenditures were $261B MX 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.

Economic Units

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The visualization shows the number of economic units in Depository Credit Intermediation according to the number of employees.

According to DENUE data published in May 2022, 60,658 companies with 0 to 10 employees were registered (equal number of companies as the previous period). In the same period, 5,098 companies with 11 to 50 employees were registered (equal number of companies as the previous period).

204 companies with 51 to 100 employees were registered in 2022 (equal number of companies as the previous period). Likewise, 69 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$2.84B, FDI Jan-Mar 2022
  • US$74.3B, FDI Jan-1999 to Mar-2022

In the period January to March 2022, FDI from Depository Credit Intermediation was US$2.84B, distributed in reinvestment of earnings (US$2.85B), equity Capital (Confidential), and inter-company debts (Confidential).

Since January 1999 to March 2022, the accumulated amount of FDI in Depository Credit Intermediation was US$74.3B, distributed in reinvestment of earnings (US$44B), equity Capital (US$29.5B), and inter-company debts (US$840M).

* 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-Mar 2022: US$1.12B, Mexico City is the main receiving state

Period Jan-1999 to Mar-2022: US$35B, Mexico City is the main receiving state

From January to March 2022, the states that received the highest FDI for Depository Credit Intermediation were Mexico City (US$1.12B), Estado de México (US$318M), and Jalisco (US$167M).

Historically (from January 1999 to March2022) the states that have received the highest FDI are Mexico City (US$35B), Estado de México (US$5.66B), and Jalisco (US$4.05B).

* Information download does not contain confidential data.

Foreign Direct Investment (FDI) Origin

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Main investing country between Jan-Mar 2022: Spain, US$1.65B

Main investing country between Jan-1999 and Mar-2022: Spain, US$34.9B

During January to March de 2022, the main countries of origin of FDI for Depository Credit Intermediation were Spain (US$1.65B), United States (US$539M), and Canada (Confidential).

Historically (from January 1999 to March de 2022) the countries that contributed the most to FDI were Spain (US$1.65B), United States (US$539M), and Canada (Confidential).

* Information download does not contain confidential data.

Workforce by Schooling Years, Age Range and Gender

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Average Age 2022-Q1: 36.8

Average Years of Schooling 2022-Q1: 15

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

In the first quarter of 2022 in Depository Credit Intermediation the average age for women was 36 years and the average schooling was 15.1 years.

The average age of men in the Depository Credit Intermediation workforce was 37.6 years, while the average schooling was 14.8 years during first quarter of 2022.

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