Other Institutions of Credit Intermediation and Non-Stock Exchange Financial Intermediation

Industry Group (5224)

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

DENUE May 2020: 17,852, Economic units

Jan-Jun 2021: -US$97.7M, Foreign Direct Investment

2015-Q4 : $2.99k MX, Average Monthly Salary

2015-Q4 : 266, Workforce

2015-Q4 : 100%, Female Workforce

2015-Q4: 32.6, 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, Other Institutions of Credit Intermediation and Non-Stock Exchange Financial Intermediation registered 17,852 economic units. The states with the highest number of economic units were Estado de México (1,621), Veracruz de Ignacio de la Llave (1,360), and Ciudad de México (1,155).

According to data from the Economic Census 2019, total gross production was $159B MX. The states with the highest total gross production were Ciudad de México ($77B MX) and Nuevo León ($16.3B MX).

For its part, total income reached $313B MX in 2019, being the states with the highest income Ciudad de México ($217B MX) and Nuevo León ($27.8B MX).

Economic activities are related if they require similar knowledge or inputs. In 2014 in Other Institutions of Credit Intermediation and Non-Stock Exchange Financial Intermediation the states with the highest affinity were Chihuahua (0.77), Sonora (0.76), Nuevo León (0.73), Coahuila de Zaragoza (0.73), and Baja California (0.7).

During the fourth quarter of 2015 in Other Institutions of Credit Intermediation and Non-Stock Exchange Financial Intermediation the workforce was 266 people, 0% men and 100% women. In addition, the average monthly salary informed was $2.99k MX.

During the same period, occupations with the highest number of workers in Other Institutions of Credit Intermediation and Non-Stock Exchange Financial Intermediation were Stenographers, Typists and the Like and Aids in Management, Marketing, Sales and Foreign Trade.

At the state level, the occupied population of Other Institutions of Credit Intermediation and Non-Stock Exchange Financial Intermediation was concentrated in List Veracruz de Ignacio de la Llave.

The average age of workers in Other Institutions of Credit Intermediation and Non-Stock Exchange Financial Intermediation in the fourth quarter of 2015 was 32.6 years. In the same period, the average schooling of the workforce of Other Institutions of Credit Intermediation and Non-Stock Exchange Financial Intermediation, was 14 years.

Salaries and Workforce

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Average Monthly Salary 2015-Q4: $2.99k MX

Working population 2015-Q4: 266

In the fourth quarter of 2015, the workforce in Other Institutions of Credit Intermediation and Non-Stock Exchange Financial Intermediation it was of 266 people, 0% men with a reported average monthly salary of $0 MX and 100% women with a salary of $2.99k MX.

Of the total employed population, 100% of the total workforce were formal workers with an average monthly salary of $2.99k MX, while he 0% corresponds to informal workers with an average salary of $0 MX.

Salaries and Workforce by Occupations and States

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In the fourth quarter of 2015 the occupations with the highest number of workers were Stenographers, Typists and the Like and Aids in Management, Marketing, Sales and Foreign Trade.

At the state level, the workforce of Other Institutions of Credit Intermediation and Non-Stock Exchange Financial Intermediation was concentrated on Veracruz de Ignacio de la Llave.

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, 13,435 economic units were totaled in Other Institutions of Credit Intermediation and Non-Stock Exchange Financial Intermediation, highlighting List Estado de México (1,120),Veracruz de Ignacio de la Llave (944),Nuevo León (862).

Total gross production was $159B MX. The states with the highest total gross production were Ciudad de México ($77B MX) and Nuevo León ($16.3B MX).

Total income reached $313B MX in 2019, being the states with the highest income Ciudad de México ($217B MX) and Nuevo León ($27.8B 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, Other Institutions of Credit Intermediation and Non-Stock Exchange Financial Intermediation had a total of 8,865 economic units and the municipalities with the highest number of economic units were Mérida (256), Guadalajara (243), and Monterrey (229)

Total income eached $101B MX and the municipalities with the highest income were Benito Juárez ($40B MX), Álvaro Obregón ($10.5B MX), and Miguel Hidalgo ($9.03B MX).

Total expenditures were $76.9B MX and the municipalities with the highest expenditures were Benito Juárez ($32.8B MX), Miguel Hidalgo ($8.42B MX), and Álvaro Obregón ($7.08B MX).

On the other hand, in 2014 there were 59574 employees dependent on economic units and the municipalities with the highest number of employees were Álvaro Obregón (9.58k), Miguel Hidalgo (5.86k), and Cuauhtémoc (5.4k).

* 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 Other Institutions of Credit Intermediation and Non-Stock Exchange Financial Intermediation according to the number of employees.

According to DENUE data published in May 2021, 15,320 companies with 0 to 10 employees were registered (31 companies more than the previous period). In the same period, 2,351 companies with 11 to 50 employees were registered (5 companies more than the previous period).

94 companies with 51 to 100 employees were registered in 2021 (equal number of companies as the previous period). Likewise, 87 companies with more than 101 employees were registered (4 companies more than the previous period).

Source National Statistical Directory of Economic Units (DENUE)

Foreign Direct Investment (FDI)

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  • -US$97.7M, FDI Jan-Jun 2021
  • US$6.93B, FDI Jan-1999 to Jun-2021

In the period January to June 2021, FDI from Other Institutions of Credit Intermediation and Non-Stock Exchange Financial Intermediation was -US$97.7M, distributed in equity Capital (US$19.8M), reinvestment of earnings (US$17.3M), and inter-company debts (-US$135M).

Since January 1999 to June 2021, the accumulated amount of FDI in Other Institutions of Credit Intermediation and Non-Stock Exchange Financial Intermediation was US$6.93B, distributed in equity Capital (US$3.7B), inter-company debts (US$2.27B), and reinvestment of earnings (US$963M).

* 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 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 2021: US$16.2M, Jalisco is the main receiving state

Period Jan-1999 to Jun-2021: US$2.25B, Mexico City is the main receiving state

From January to June 2021, the states that received the highest FDI for Other Institutions of Credit Intermediation and Non-Stock Exchange Financial Intermediation were Jalisco (US$16.2M), Puebla (US$1.48M), and Estado de México (US$975k).

Historically (from January 1999 to June2021) the states that have received the highest FDI are Mexico City (US$2.25B), Nuevo León (US$1.32B), and Jalisco (US$555M).

* Information download does not contain confidential data.

Foreign Direct Investment (FDI) Origin

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Main investing country between Jan-Jun 2021: Japan, Confidential

Main investing country between Jan-1999 and Jun-2021: United States, US$4.8B

During January to June de 2021, the main countries of origin of FDI for Other Institutions of Credit Intermediation and Non-Stock Exchange Financial Intermediation were Japan (Confidential), Brazil (Confidential), and Hong Kong (Confidential).

Historically (from January 1999 to June de 2021) the countries that contributed the most to FDI were Japan (Confidential), Brazil (Confidential), and Hong Kong (Confidential).

* Information download does not contain confidential data.

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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As of May 2021, the states with the highest degree of specialization in Other Institutions of Credit Intermediation and Non-Stock Exchange Financial Intermediation were Nuevo León (1.85), Sinaloa (1.85), and Sonora (1.75). The degree of specialization is measured using the RCA index, which represents the ratio between the observed and expected establishments of each state for each industry.

The states with the highest degree of development opportunity in Other Institutions of Credit Intermediation and Non-Stock Exchange Financial Intermediation according to Relatedness were Querétaro (0.61), Colima (0.59), and Aguascalientes (0.54). 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 2015-Q4: 32.6

Average Years of Schooling 2015-Q4: 14

The visualization shows the workforce of Other Institutions of Credit Intermediation and Non-Stock Exchange Financial Intermediation by age group and years of schooling, comparing men and women.

In the fourth quarter of 2015 in Other Institutions of Credit Intermediation and Non-Stock Exchange Financial Intermediation the average age for women was 32.6 years and the average schooling was 14 years.

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