Nondepository Credit Intermediation

Industry Group (5222)

 2021-Q2: $1.01T MX, Gross Domestic Product

DENUE May 2020: 1,184, Economic units

Jan-Jun 2021: US$1.68M, Foreign Direct Investment

2021-Q2 : $5.61k MX, Average Monthly Salary

2021-Q2 : 176k, Workforce

2021-Q2 : 56.7%, Female Workforce

2021-Q2: 35.2, Average Age

In the second quarter of 2021 the gross domestic product was $1.01T MX, 1.42% 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 second quarter of 2021 in Nondepository Credit Intermediation the workforce was 176k people, 43.3% men and 56.7% women. In addition, the average monthly salary informed was $5.61k 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 Ciudad de México,Estado de México,Guanajuato.

The average age of workers in Nondepository Credit Intermediation in the second quarter of 2021 was 35.2 years. In the same period, the average schooling of the workforce of Nondepository Credit Intermediation, was 13.9 years.

Salaries and Workforce

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Average Monthly Salary 2021-Q2: $5.61k MX

Working population 2021-Q2: 176k

In the second quarter of 2021, the workforce in Nondepository Credit Intermediation it was of 176k people, 43.3% men with a reported average monthly salary of $7.44k MX and 56.7% women with a salary of $4.2k MX.

Of the total employed population, 74.8% of the total workforce were formal workers with an average monthly salary of $5.32k MX, while he 25.2% corresponds to informal workers with an average salary of $6.46k MX.

Salaries and Workforce by Occupations and States

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In the second quarter of 2021 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 Ciudad de México, Estado de México, and Guanajuato.

Gross Domestic Product

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Gross domestic product 2021-Q2: $1.01T MX

Gross Domestic Product 2020: $991B MX

* Data displayed corresponds to the sector Finance and Insurance since the information at lower levels of disaggregation is not available.

In the second quarter of 2021, Finance and Insurance recorded a gross domestic product of $1.01T MX, evidencing an increase of 1.42% compared to the previous quarter and an increase of 3.94% 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 List Ciudad de México (13),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 2021, 990 companies with 0 to 10 employees were registered (equal number of companies as the previous period). In the same period, 152 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 2021 (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)

Diversification Frontier

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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.

Specialization and Opportunity

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The states with the highest degree of development opportunity in Nondepository Credit Intermediation according to Relatedness were Nuevo León (0.66), Querétaro (0.58), and Aguascalientes (0.53). 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).

Workforce by Schooling Years, Age Range and Gender

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Average Age 2021-Q2: 35.2

Average Years of Schooling 2021-Q2: 13.9

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

In the second quarter of 2021 in Nondepository Credit Intermediation the average age for women was 33.5 years and the average schooling was 13.4 years.

The average age of men in the Nondepository Credit Intermediation workforce was 37.4 years, while the average schooling was 14.5 years during second quarter of 2021.

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