ProceduresGovernment

Accounting, Tax Preparation, Bookkeeping, and Payroll Services

Industry Group (5412)

 2022-Q2: $534B MX, Gross Domestic Product

DENUE May 2022: 18,178, Economic units

Jan-Jun 2022: US$33.7M, Foreign Direct Investment

2022-Q2 : $11.2k MX, Average Monthly Salary

2022-Q2 : 17.7k, Workforce

2022-Q2 : 42%, Female Workforce

2022-Q2: 44, Average Age

In the second quarter of 2022 the gross domestic product was $534B MX, 10.5% more than the previous quarter.

According DENUE 2022, Accounting, Tax Preparation, Bookkeeping, and Payroll Services registered 18,178 economic units. The states with the highest number of economic units were Ciudad de México (1,840), Jalisco (1,426), and Estado de México (1,122).

According to data from the Economic Census 2019, total gross production was $37.2B MX. The states with the highest total gross production were Ciudad de México ($9.44B MX) and Jalisco ($3.67B MX).

For its part, total income reached $37.7B MX in 2019, being the states with the highest income Ciudad de México ($9.65B MX) and Jalisco ($3.69B MX).

Economic activities are related if they require similar knowledge or inputs. In 2014 in Accounting, Tax Preparation, Bookkeeping, and Payroll Services the states with the highest affinity were Chihuahua (0.75), Nuevo León (0.73), Sonora (0.72), Coahuila de Zaragoza (0.72), and Baja California (0.69).

During the second quarter of 2022 in Accounting, Tax Preparation, Bookkeeping, and Payroll Services the workforce was 17.7k people, 58% men and 42% women. In addition, the average monthly salary informed was $11.2k MX.

During the same period, occupations with the highest number of workers in Accounting, Tax Preparation, Bookkeeping, and Payroll Services were Biologists and Marine Scientists and Oceanographers, Repair Technicians of Electromechanical Equipment, and Directors and Managers in Research and Technological Development.

At the state level, the occupied population of Accounting, Tax Preparation, Bookkeeping, and Payroll Services was concentrated in List Ciudad de México,Morelos,Sonora.

The average age of workers in Accounting, Tax Preparation, Bookkeeping, and Payroll Services in the second quarter of 2022 was 44 years. In the same period, the average schooling of the workforce of Accounting, Tax Preparation, Bookkeeping, and Payroll Services, was 16.5 years.

Salaries and Workforce

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Average Monthly Salary 2022-Q2: $11.2k MX

Working population 2022-Q2: 17.7k

In the second quarter of 2022, the workforce in Accounting, Tax Preparation, Bookkeeping, and Payroll Services it was of 17.7k people, 58% men with a reported average monthly salary of $11.3k MX and 42% women with a salary of $11k MX.

Of the total employed population, 86.5% of the total workforce were formal workers with an average monthly salary of $12.6k MX, while he 13.5% corresponds to informal workers with an average salary of $2.01k MX.

Salaries and Workforce by Occupations and States

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In the second quarter of 2022 the occupations with the highest number of workers were Biologists and Marine Scientists and Oceanographers, Repair Technicians of Electromechanical Equipment, and Directors and Managers in Research and Technological Development.

At the state level, the workforce of Accounting, Tax Preparation, Bookkeeping, and Payroll Services was concentrated on Ciudad de México, Morelos, and Sonora.

Gross Domestic Product

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Gross domestic product 2022-Q2: $534B MX

Gross Domestic Product 2021: $476B MX

* Data displayed corresponds to the sector Professional, Scientific, and Technical Services since the information at lower levels of disaggregation is not available.

In the second quarter of 2022, Professional, Scientific, and Technical Services recorded a gross domestic product of $534B MX, evidencing an increase of 10.5% compared to the previous quarter and an increase of 10.8% 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,  17,263 economic units were totaled in Accounting, Tax Preparation, Bookkeeping, and Payroll Services, highlighting Ciudad de México (1,740), Jalisco (1,317), and Estado de México (1,047).

Total gross production was $37.2B MX. The states with the highest total gross production were Ciudad de México ($9.44B MX) and Jalisco ($3.67B MX).

Total income reached $37.7B MX in 2019, being the states with the highest income Ciudad de México ($9.65B MX) and Jalisco ($3.69B 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, Accounting, Tax Preparation, Bookkeeping, and Payroll Services had a total of 17,029 economic units and the municipalities with the highest number of economic units were Guadalajara (670), Cuauhtémoc (662), and Benito Juárez (494)

Total income eached $16.7B MX and the municipalities with the highest income were Miguel Hidalgo ($1.57B MX), Benito Juárez ($1.1B MX), and Guadalajara ($1.09B MX).

Total expenditures were $5.85B MX and the municipalities with the highest expenditures were Miguel Hidalgo ($602M MX), San Pedro Garza García ($406M MX), and Guadalajara ($399M MX).

On the other hand, in 2014 there were 123540 employees dependent on economic units and the municipalities with the highest number of employees were San Pedro Garza García (19.2k), Monterrey (8.88k), and Miguel Hidalgo (6.56k).

* 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 Accounting, Tax Preparation, Bookkeeping, and Payroll Services according to the number of employees.

According to DENUE data published in May 2022, 16,090 companies with 0 to 10 employees were registered (5 companies less than the previous period). In the same period, 1,843 companies with 11 to 50 employees were registered (1 companies less than the previous period).

110 companies with 51 to 100 employees were registered in 2022 (3 companies less than the previous period). Likewise, 135 companies with more than 101 employees were registered (5 companies less than the previous period).

Source National Statistical Directory of Economic Units (DENUE)

Foreign Direct Investment (FDI)

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  • US$33.7M, FDI Jan-Jun 2022
  • US$901M, FDI Jan-1999 to Jun-2022

In the period January to June 2022, FDI from Accounting, Tax Preparation, Bookkeeping, and Payroll Services was US$33.7M, distributed in inter-company debts (US$22.3M), reinvestment of earnings (Confidential), and equity Capital (US$4.09M).

Since January 1999 to June 2022, the accumulated amount of FDI in Accounting, Tax Preparation, Bookkeeping, and Payroll Services was US$901M, distributed in equity Capital (US$741M), reinvestment of earnings (US$87.5M), and inter-company debts (US$72.6M).

* 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 reinvestment of earnings.

Foreign Direct Investment (FDI) by State

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Period Jan-Jun 2022: US$33M, Mexico City is the main receiving state

Period Jan-1999 to Jun-2022: US$498M, Mexico City is the main receiving state

From January to June 2022, the states that received the highest FDI for Accounting, Tax Preparation, Bookkeeping, and Payroll Services were Mexico City (US$33M), Nuevo León (Confidential), and Jalisco (Confidential).

Historically (from January 1999 to June2022) the states that have received the highest FDI are Mexico City (US$498M), Veracruz de Ignacio de la Llave (US$220M), and Chihuahua (US$103M).

* Information download does not contain confidential data.

Foreign Direct Investment (FDI) Origin

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Main investing country between Jan-Jun 2022: United States, US$27.6M

Main investing country between Jan-1999 and Jun-2022: United States, US$411M

During January to June de 2022, the main countries of origin of FDI for Accounting, Tax Preparation, Bookkeeping, and Payroll Services were United States (US$27.6M), Spain (Confidential), and Netherlands (Confidential).

Historically (from January 1999 to June de 2022) the countries that contributed the most to FDI were United States (US$27.6M), Spain (Confidential), and Netherlands (Confidential).

* Information download does not contain confidential data.

Workforce by Schooling Years, Age Range and Gender

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Average Age 2022-Q2: 44

Average Years of Schooling 2022-Q2: 16.5

The visualization shows the workforce of Accounting, Tax Preparation, Bookkeeping, and Payroll Services by age group and years of schooling, comparing men and women.

In the second quarter of 2022 in Accounting, Tax Preparation, Bookkeeping, and Payroll Services the average age for women was 42.1 years and the average schooling was 15.7 years.

The average age of men in the Accounting, Tax Preparation, Bookkeeping, and Payroll Services workforce was 45.3 years, while the average schooling was 17 years during second quarter of 2022.

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