Industry Group (2361)
2022-Q3: $2.07T MX, Gross Domestic Product
DENUE November 2022: 6,728, Economic units
Jan-Sep 2022: US$3.45M, Foreign Direct Investment
2022-Q4 : $7.36k MX, Average Monthly Salary
2022-Q4 : 1.49M, Workforce
2022-Q4 : 5.47%, Female Workforce
2022-Q4: 39, Average Age
In the third quarter of 2022 the gross domestic product was $2.07T MX, 0.24% more than the previous quarter.
According DENUE 2022, Residential Building Construction registered 6,728 economic units. The states with the highest number of economic units were Jalisco (489), Ciudad de México (487), and Nuevo León (478).
According to data from the Economic Census 2019, total gross production was $106B MX. The states with the highest total gross production were Nuevo León ($14B MX) and Jalisco ($12.2B MX).
For its part, total income reached $107B MX in 2019, being the states with the highest income Nuevo León ($14B MX) and Jalisco ($12.3B MX).
Economic activities are related if they require similar knowledge or inputs. In 2014 in Residential Building Construction the states with the highest affinity were Chihuahua (0.77), Nuevo León (0.74), Sonora (0.74), Coahuila de Zaragoza (0.73), and Baja California (0.7).
During the fourth quarter of 2022 in Residential Building Construction the workforce was 1.49M people, 94.5% men and 5.47% women. In addition, the average monthly salary informed was $7.36k MX.
During the same period, occupations with the highest number of workers in Residential Building Construction were Bricklayers, Stonemasons and Related, Support Workers in Construction, and Supervisors of Workers in Mining, Construction Workers and Building Finishes.
At the state level, the occupied population of Residential Building Construction was concentrated in List Estado de México,Jalisco,Guanajuato.
The average age of workers in Residential Building Construction in the fourth quarter of 2022 was 39 years. In the same period, the average schooling of the workforce of Residential Building Construction, was 8.98 years.
Average Monthly Salary 2022-Q4: $7.36k MX
Working population 2022-Q4: 1.49M
In the fourth quarter of 2022, the workforce in Residential Building Construction it was of 1.49M people, 94.5% men with a reported average monthly salary of $7.48k MX and 5.47% women with a salary of $5.35k MX.
Of the total employed population, 27% of the total workforce were formal workers with an average monthly salary of $8.5k MX, while he 73% corresponds to informal workers with an average salary of $6.94k MX.
In the fourth quarter of 2022 the occupations with the highest number of workers were Bricklayers, Stonemasons and Related, Support Workers in Construction, and Supervisors of Workers in Mining, Construction Workers and Building Finishes.
At the state level, the workforce of Residential Building Construction was concentrated on Estado de México, Jalisco, and Guanajuato.
Gross 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.
According to data from the Economic Census 2019, 3,817 economic units were totaled in Residential Building Construction, highlighting Jalisco (348), Ciudad de México (289), and Nuevo León (192).
Total gross production was $106B MX. The states with the highest total gross production were Nuevo León ($14B MX) and Jalisco ($12.2B MX).
Total income reached $107B MX in 2019, being the states with the highest income Nuevo León ($14B MX) and Jalisco ($12.3B MX).
* It is recommended to consider the values as approximations of the real value because some records have been anonymized due to confidentiality principles.
According to dato from Economic Census 2014, Residential Building Construction had a total of 2,629 economic units and the municipalities with the highest number of economic units were Mérida (127), Guadalajara (112), and San Luis Potosí (105)
Total income eached $70.4B MX and the municipalities with the highest income were Miguel Hidalgo ($5.97B MX), Monterrey ($5.26B MX), and Álvaro Obregón ($4.01B MX).
Total expenditures were $48.3B MX and the municipalities with the highest expenditures were Monterrey ($3.98B MX), Miguel Hidalgo ($3.91B MX), and Álvaro Obregón ($2.71B MX).
On the other hand, in 2014 there were 109681 employees dependent on economic units and the municipalities with the highest number of employees were Mérida (5.7k), Monterrey (5.55k), and Guadalajara (5.02k).
* 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 economic units in Residential Building Construction according to the number of employees.
According to DENUE data published in November 2022, 3,790 companies with 0 to 10 employees were registered (11 companies less than the previous period). In the same period, 2,282 companies with 11 to 50 employees were registered (7 companies less than the previous period).
307 companies with 51 to 100 employees were registered in 2022 (2 companies less than the previous period). Likewise, 349 companies with more than 101 employees were registered (4 companies less than the previous period).
Source National Statistical Directory of Economic Units (DENUE)
In the period January to September 2022, FDI from Residential Building Construction was US$3.45M, distributed in equity Capital (US$3.45M), inter-company debts (US$0), and reinvestment of earnings (US$0).
Since January 1999 to September 2022, the accumulated amount of FDI in Residential Building Construction was US$1B, distributed in equity Capital (US$626M), inter-company debts (US$304M), and reinvestment of earnings (US$70.9M).
* Confidential data is not shown in the chart (see information icon in the section).
* Due to the confidentiality of the data, the quarterly breakdown by type of investment does not show inter-company debts and reinvestment of earnings.
* Due to the confidentiality of the data, the annual breakdown by type of investment does not show inter-company debts and reinvestment of earnings.
Period Jan-Sep 2022: Confidential, Nuevo León is the main receiving state
Period Jan-1999 to Sep-2022: US$250M, Baja California Sur is the main receiving state
From January to September 2022, the states that received the highest FDI for Residential Building Construction were Nuevo León (Confidential), Nayarit (Confidential), and Quintana Roo (Confidential).
Historically (from January 1999 to September2022) the states that have received the highest FDI are Baja California Sur (US$250M), Mexico City (US$220M), and Quintana Roo (US$124M).
* Information download does not contain confidential data.
Main investing country between Jan-Sep 2022: Canada, US$3.44M
Main investing country between Jan-1999 and Sep-2022: United States, US$328M
During January to September de 2022, the main countries of origin of FDI for Residential Building Construction were Canada (US$3.44M) and United States (US$6.65k).
Historically (from January 1999 to September de 2022) the countries that contributed the most to FDI were Canada (US$3.44M) and United States (US$6.65k).
* Information download does not contain confidential data.
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.
The states with the highest degree of development opportunity in Residential Building Construction according to Relatedness were Ciudad de México (0.55), Tabasco (0.4), and Guanajuato (0.35). 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).
Average Age 2022-Q4: 39
Average Years of Schooling 2022-Q4: 8.98
The visualization shows the workforce of Residential Building Construction by age group and years of schooling, comparing men and women.
In the fourth quarter of 2022 in Residential Building Construction the average age for women was 36.6 years and the average schooling was 13.4 years.
The average age of men in the Residential Building Construction workforce was 39.2 years, while the average schooling was 8.72 years during fourth quarter of 2022.
* The visualization omits the range of schooling "Not Specified".