Highway, Street, and Bridge Construction
Industry Group (2373)
2022-Q3: $2.07T MX, Gross Domestic Product
DENUE November 2022: 1,996, Economic units
Jan-Sep 2022: US$74.2M, Foreign Direct Investment
In the third quarter of 2022 the gross domestic product was $2.07T MX, 0.24% more than the previous quarter.
According DENUE 2022, Highway, Street, and Bridge Construction registered 1,996 economic units. The states with the highest number of economic units were Chiapas (143), Veracruz de Ignacio de la Llave (139), and Jalisco (118).
According to data from the Economic Census 2019, total gross production was $79.6B MX. The states with the highest total gross production were Ciudad de México ($31.7B MX) and Jalisco ($4.78B MX).
For its part, total income reached $80.7B MX in 2019, being the states with the highest income Ciudad de México ($32.1B MX) and Sonora ($4.91B MX).
Economic activities are related if they require similar knowledge or inputs. In 2014 in Highway, Street, and Bridge Construction the states with the highest affinity were Chihuahua (0.74), Sonora (0.74), Coahuila de Zaragoza (0.72), Nuevo León (0.68), and Baja California (0.66).
Production
#permalink to sectionGross Domestic Product
#permalink to sectionGross domestic product 2022-Q3: $2.07T MX
Gross Domestic Product 2021: $1.82T MX
* Data displayed corresponds to the sector Construction since the information at lower levels of disaggregation is not available.
In the third quarter of 2022, Construction recorded a gross domestic product of $2.07T MX, evidencing an increase of 0.24% compared to the previous quarter and an increase of 10.4% 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
#permalink to sectionAccording to data from the Economic Census 2019, 1,349 economic units were totaled in Highway, Street, and Bridge Construction, highlighting Veracruz de Ignacio de la Llave (91), Oaxaca (90), and Jalisco (82).
Total gross production was $79.6B MX. The states with the highest total gross production were Ciudad de México ($31.7B MX) and Jalisco ($4.78B MX).
Total income reached $80.7B MX in 2019, being the states with the highest income Ciudad de México ($32.1B MX) and Sonora ($4.91B 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
#permalink to sectionAccording to dato from Economic Census 2014, Highway, Street, and Bridge Construction had a total of 1,059 economic units and the municipalities with the highest number of economic units were Tuxtla Gutiérrez (82), Oaxaca de Juárez (54), and Puebla (44)
Total income eached $56.3B MX and the municipalities with the highest income were Miguel Hidalgo ($12.9B MX), Álvaro Obregón ($4.84B MX), and Cuauhtémoc ($3.2B MX).
Total expenditures were $41.6B MX and the municipalities with the highest expenditures were Miguel Hidalgo ($9.39B MX), Álvaro Obregón ($4.32B MX), and Cuauhtémoc ($2.68B MX).
On the other hand, in 2014 there were 49482 employees dependent on economic units and the municipalities with the highest number of employees were Tuxtla Gutiérrez (2.41k), Puebla (2.09k), and Campeche (1.92k).
* 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
#permalink to sectionThe visualization shows the number of economic units in Highway, Street, and Bridge Construction according to the number of employees.
According to DENUE data published in November 2022, 847 companies with 0 to 10 employees were registered (3 companies less than the previous period). In the same period, 836 companies with 11 to 50 employees were registered (2 companies less than the previous period).
165 companies with 51 to 100 employees were registered in 2022 (equal number of companies as the previous period). Likewise, 148 companies with more than 101 employees were registered (1 companies less than the previous period).
Source National Statistical Directory of Economic Units (DENUE)
Investment
#permalink to sectionForeign Direct Investment (FDI)
#permalink to section- US$74.2M, FDI Jan-Sep 2022
- US$10.9B, FDI Jan-1999 to Sep-2022
In the period January to September 2022, FDI from Highway, Street, and Bridge Construction was US$74.2M, distributed in reinvestment of earnings (US$69.6M), inter-company debts (US$4.54M), and equity Capital (US$0).
Since January 1999 to September 2022, the accumulated amount of FDI in Highway, Street, and Bridge Construction was US$10.9B, distributed in equity Capital (US$5.33B), reinvestment of earnings (US$5.2B), and inter-company debts (US$367M).
* 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 equity Capital.
Foreign Direct Investment (FDI) by State
#permalink to sectionPeriod Jan-Sep 2022: Confidential, Jalisco is the main receiving state
Period Jan-1999 to Sep-2022: US$6.17B, Estado de México is the main receiving state
From January to September 2022, the states that received the highest FDI for Highway, Street, and Bridge Construction were Jalisco (Confidential), Guanajuato (Confidential), and Estado de México (US$12.7M).
Historically (from January 1999 to September2022) the states that have received the highest FDI are Estado de México (US$6.17B), Mexico City (US$1.93B), and Jalisco (US$918M).
* Information download does not contain confidential data.
Foreign Direct Investment (FDI) Origin
#permalink to sectionMain investing country between Jan-Sep 2022: United States, US$67.4M
Main investing country between Jan-1999 and Sep-2022: Spain, US$5.65B
During January to September de 2022, the main countries of origin of FDI for Highway, Street, and Bridge Construction were United States (US$67.4M), Spain (Confidential), and France (Confidential).
Historically (from January 1999 to September de 2022) the countries that contributed the most to FDI were United States (US$67.4M), Spain (Confidential), and France (Confidential).
* Information download does not contain confidential data.
Diversification Frontier
#permalink to sectionThe 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
#permalink to sectionThe states with the highest degree of development opportunity in Highway, Street, and Bridge Construction according to Relatedness were Baja California (0.66), Querétaro (0.6), and Ciudad de México (0.5). 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).