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Economists, Consultants and Researchers in Economic Policy

Occupation (2123) - 2021-Q2

  • 10.8k, Workforce
  • $7.74k MX, Average monthly salary
  • 35.7, Average age
  • 46.1, Weekly hours worked
  • 5.02, Weekly days worked
  • 2.29%, Workforce with second job
  • 14.3%, Informal Workforce
  • 16.7, Average years of Schooling

About Economists, Consultants and Researchers in Economic Policy

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The workforce of Economists, Consultants and Researchers in Economic Policy during second quarter of 2021 was 10.8k people, whose salary averaged $7.74k MX working around 46.1 hours per week.

The average age of Economists, Consultants and Researchers in Economic Policy was 35.7 years. The workforce was distributed in 82.6% men with an average salary of $8.3k MX and, 17.4% women with average salary of $5.08k MX.

The best average salaries received by Economists, Consultants and Researchers in Economic Policy were in Nuevo León ($27.5k MX), Colima ($26k MX), and Chihuahua ($22k MX) while the workforce was larger in Ciudad de México (7.21k), Sonora (662), and Coahuila de Zaragoza (533).

In terms of industries, the best average salaries were in Chemical Industry ($27.5k MX), Accounting, Tax Preparation, Bookkeeping, and Payroll Services ($26k MX), and Regulation and Promotion of Economic Development ($21k MX), while the workforce was concentrated on Public Administration (41.9%), Depository Credit Intermediation (1.08k), and Business Administration Services (1.08k).

87.5% of the total informal workers correspond to women with an average salary of $6.08k MX and 12.5% to men with an average salary of $10k MX.

At the level of states, Guanajuato had the highest percentage of informal workers with 100% corresponding to 193 from 193 workers, while the state with the lowest percentage of informal workers was Ciudad de México with a 13.5% corresponding to 976 from 7.21k workers.

Workforce and Salaries Evolution

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  • 10.8k, Workforce 2021-Q2
  • $7.74k MX, Average monthly salary 2021-Q2

At second quarter of 2021, the people who worked as Economists, Consultants and Researchers in Economic Policy were 10.8k being a 53.3% higher than the first quarter of 2021. (7.03k).

In the same period, an average salary of $7.74k MX was observed, registering an increase of 46.8%, compared to the first quarter of 2021 ($5.27k MX).

Workforce by State

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The states with the highest number of Economists, Consultants and Researchers in Economic Policy during the second quarter of 2021 were Ciudad de México (7.21k), Sonora (662), and Coahuila de Zaragoza (533)

Comparing the first quarter of 2021 and the second quarter of 2021, the main positive variations occurred in Ciudad de México and Chihuahua with an increase of 2.56k (55.1%) and 297 (230%), respectively. On the other hand, the negative variations were accentuated in Zacatecas and Michoacán de Ocampo with a decrease of 203 (81.5%) and 85 (38.8%), respectively.

Salaries by State

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The states with the best average salaries for Economists, Consultants and Researchers in Economic Policy during second quarter of 2021 were Nuevo León ($27.5k MX), Colima ($26k MX), and Chihuahua ($22k MX)

Comparing the first quarter of 2021 and the second quarter of 2021, the positive salary growth was higher in Colima and Michoacán de Ocampo with an increase of $9.57k MX (58.3%) and $3k MX (42.9%), respectively. Por otro lado, las variaciones salariales negativas se acentuaron en Nuevo León and Sinaloa with a decrease of $18.5k MX (40.2%) and $12k MX (100%), respectively.

Workforce and Salaries Distribution by Industries

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The visualization shows the distribution of Economists, Consultants and Researchers in Economic Policy in different industries and economic sectors.

At second quarter of 2021, the workforce was higher in Public Administration (41.9%), Depository Credit Intermediation (13.1%), and Business Administration Services (13.1%).

In the same period, the best average salaries were received in Chemical Industry ($27.5k MX), Accounting, Tax Preparation, Bookkeeping, and Payroll Services ($26k MX), and Regulation and Promotion of Economic Development ($21k MX).

Labor Informality

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Labor Informality

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Labor Informality 2021-Q2

  • 14.3%, Economists, Consultants and Researchers in Economic Policy
  • 55.8%, Average Informality in Mexico

During the second quarter of 2021, the labor informality of Economists, Consultants and Researchers in Economic Policy reached a 14.3%, which implied an increase from 2.82 percentage points compared to the first quarter of 2021  (11.5%).

The labor informality of this occupation was lower than informality at the country level in 41.5 percentage points during the second quarter of 2021.

Labor Informality by State

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Greater Labor Informality: 100%, Guanajuato

Less Labor Informality: 13.5 %, Ciudad de México

At second quarter of 2021, the states with the highest rate of labor informality in Economists, Consultants and Researchers in Economic Policy were Guanajuato (100%), Chihuahua (55.6%), and Coahuila de Zaragoza (25.7%).

The states with the lowest informality rate were Chihuahua (55.6%), Coahuila de Zaragoza (25.7%), and Ciudad de México (13.5%).

Labor Informality by Age and Education

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Workforce

The workforce of Economists, Consultants and Researchers in Economic Policy during the second quarter of 2021 was higher in the age group with 25 to 34 years concentrating 5.52k workers of which 82.3% corresponds to formal employment (4.54k) and 17.7% to informal employment (976).

Regarding the schooling years, the workforce was higher in the range with 16 to 18 years of schooling concentrating 10.3k workers of which 87.4%  corresponds to formal employment (9.03k) and 12.6% corresponds to informal employment (1.31k).