ProceduresGovernment

Nondepository Credit Intermediation

Industry Group (5222)

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

DENUE May 2020: 1,184, Economic units

Jan-Jun 2022: Confidential, Foreign Direct Investment

2022-Q1 : $6.17k MX, Average Monthly Salary

2022-Q1 : 201k, Workforce

2022-Q1 : 49.9%, Female Workforce

2022-Q1: 36, 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, Nondepository Credit Intermediation registered 1,184 economic units. The states with the highest number of economic units were Ciudad de México (90), Estado de México (89), and Veracruz de Ignacio de la Llave (89).

According to data from the Economic Census 2019, total gross production was $134B MX. The states with the highest total gross production were Ciudad de México ($126B MX) and Michoacán de Ocampo ($7.32B MX).

For its part, total income reached $360B MX in 2019, being the states with the highest income Ciudad de México ($345B MX) and Michoacán de Ocampo ($15B MX).

Economic activities are related if they require similar knowledge or inputs. In 2014 in Nondepository Credit Intermediation the states with the highest affinity were Sonora (0.74), Chihuahua (0.74), Coahuila de Zaragoza (0.71), Nuevo León (0.66), and Baja California (0.66).

During the first quarter of 2022 in Nondepository Credit Intermediation the workforce was 201k people, 50.1% men and 49.9% women. In addition, the average monthly salary informed was $6.17k MX.

During the same period, occupations with the highest number of workers in Nondepository Credit Intermediation were Insurance Agents and Financial Services (Account Executives), Collectors, Payers and Lenders, and Auxiliary in Accounting, Economics, Finance and Stockbrokers.

At the state level, the occupied population of Nondepository Credit Intermediation was concentrated in List Estado de México,Ciudad de México,Veracruz de Ignacio de la Llave.

The average age of workers in Nondepository Credit Intermediation in the first quarter of 2022 was 36 years. In the same period, the average schooling of the workforce of Nondepository Credit Intermediation, was 14 years.

Salaries and Workforce

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Average Monthly Salary 2022-Q1: $6.17k MX

Working population 2022-Q1: 201k

In the first quarter of 2022, the workforce in Nondepository Credit Intermediation it was of 201k people, 50.1% men with a reported average monthly salary of $6.85k MX and 49.9% women with a salary of $5.48k MX.

Of the total employed population, 83% of the total workforce were formal workers with an average monthly salary of $6.38k MX, while he 17% corresponds to informal workers with an average salary of $5.12k 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), Collectors, Payers and Lenders, and Auxiliary in Accounting, Economics, Finance and Stockbrokers.

At the state level, the workforce of Nondepository Credit Intermediation was concentrated on Estado de México, Ciudad de México, and Veracruz de Ignacio de la Llave.

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,  17 economic units were totaled in Nondepository Credit Intermediation, highlighting Ciudad de México (13) and Michoacán de Ocampo (4).

Total gross production was $134B MX. The states with the highest total gross production were Ciudad de México ($126B MX) and Michoacán de Ocampo ($7.32B MX).

Total income reached $360B MX in 2019, being the states with the highest income Ciudad de México ($345B MX) and Michoacán de Ocampo ($15B 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, Nondepository Credit Intermediation had a total of 14 economic units and the municipalities with the highest number of economic units were Miguel Hidalgo (6), Álvaro Obregón (4), and Morelia (4)

Total income eached $199B MX and the municipalities with the highest income were Álvaro Obregón ($170B MX), Miguel Hidalgo ($23.7B MX), and Morelia ($5.63B MX).

Total expenditures were $164B MX and the municipalities with the highest expenditures were Álvaro Obregón ($141B MX), Miguel Hidalgo ($21B MX), and Morelia ($2.75B MX).

On the other hand, in 2014 there were 12088 employees dependent on economic units and the municipalities with the highest number of employees were Álvaro Obregón (7.38k), Miguel Hidalgo (3.57k), and Morelia (1.14k).

* 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 Nondepository Credit Intermediation according to the number of employees.

According to DENUE data published in May 2022, 988 companies with 0 to 10 employees were registered (equal number of companies as the previous period). In the same period, 151 companies with 11 to 50 employees were registered (equal number of companies as the previous period).

24 companies with 51 to 100 employees were registered in 2022 (equal number of companies as the previous period). Likewise, 18 companies with more than 101 employees were registered (equal number of companies as 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 2022-Q1: 36

Average Years of Schooling 2022-Q1: 14

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

In the first quarter of 2022 in Nondepository Credit Intermediation the average age for women was 36.1 years and the average schooling was 13.8 years.

The average age of men in the Nondepository Credit Intermediation workforce was 36 years, while the average schooling was 14.2 years during first quarter of 2022.

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