Residential Building Construction

Industry Group (2361)

 2021-Q4: $1.85T MX, Gross Domestic Product

DENUE May 2020: 6,891, Economic units

Jan-Dec 2021: -US$714k, Foreign Direct Investment

2021-Q4 : $6.81k MX, Average Monthly Salary

2021-Q4 : 1.69M, Workforce

2021-Q4 : 4%, Female Workforce

2021-Q4: 39.1, Average Age

In the fourth quarter of 2021 the gross domestic product was $1.85T MX, 0.28% more than the previous quarter.

According DENUE 2021, Residential Building Construction registered 6,891 economic units. The states with the highest number of economic units were Jalisco (494), Ciudad de México (492), and Nuevo León (481).

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 2021 in Residential Building Construction the workforce was 1.69M people, 96% men and 4% women. In addition, the average monthly salary informed was $6.81k 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 Jalisco,Estado de México,Chiapas.

The average age of workers in Residential Building Construction in the fourth quarter of 2021 was 39.1 years. In the same period, the average schooling of the workforce of Residential Building Construction, was 8.94 years.

Salaries and Workforce

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Average Monthly Salary 2021-Q4: $6.81k MX

Working population 2021-Q4: 1.69M

In the fourth quarter of 2021, the workforce in Residential Building Construction it was of 1.69M people, 96% men with a reported average monthly salary of $6.81k MX and 4% women with a salary of $6.92k MX.

Of the total employed population, 22.6% of the total workforce were formal workers with an average monthly salary of $8.11k MX, while he 77.4% corresponds to informal workers with an average salary of $6.44k MX.

Salaries and Workforce by Occupations and States

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In the fourth quarter of 2021 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 Jalisco, Estado de México, and Chiapas.

Gross Domestic Product

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Gross domestic product 2021-Q4: $1.85T MX

Gross Domestic Product 2020: $1.49T MX

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

In the fourth quarter of 2021, Construction recorded a gross domestic product of $1.85T MX, evidencing an increase of 0.28% compared to the previous quarter and an increase of 16.1% 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,  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.

Production Indicators by Municipality

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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.

Economic Units

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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 2021, 3,823 companies with 0 to 10 employees were registered (63 companies less than the previous period). In the same period, 2,302 companies with 11 to 50 employees were registered (26 companies less than the previous period).

309 companies with 51 to 100 employees were registered in 2021 (3 companies less than the previous period). Likewise, 362 companies with more than 101 employees were registered (3 companies less than the previous period).

Source National Statistical Directory of Economic Units (DENUE)

Foreign Direct Investment (FDI)

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  • -US$714k, FDI Jan-Dec 2021
  • US$997M, FDI Jan-1999 to Dec-2021

In the period January to December 2021, FDI from Residential Building Construction was -US$714k, distributed in equity Capital (US$372k), reinvestment of earnings (US$0), and inter-company debts (Confidential).

Since January 1999 to December 2021, the accumulated amount of FDI in Residential Building Construction was US$997M, distributed in equity Capital (US$622M), 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.

Foreign Direct Investment (FDI) by State

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Period Jan-Dec 2021: US$1.14M, Quintana Roo is the main receiving state

Period Jan-1999 to Dec-2021: US$250M, Baja California Sur is the main receiving state

From January to December 2021, the states that received the highest FDI for Residential Building Construction were Quintana Roo (US$1.14M), Yucatán (Confidential), and Querétaro (Confidential).

Historically (from January 1999 to December2021) 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.

Foreign Direct Investment (FDI) Origin

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Main investing country between Jan-Dec 2021: Germany, Confidential

Main investing country between Jan-1999 and Dec-2021: United States, US$328M

During January to December de 2021, the main countries of origin of FDI for Residential Building Construction were Germany (Confidential), Luxembourg (Confidential), and France (Confidential).

Historically (from January 1999 to December de 2021) the countries that contributed the most to FDI were Germany (Confidential), Luxembourg (Confidential), and France (Confidential).

* Information download does not contain confidential data.

Workforce by Schooling Years, Age Range and Gender

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Average Age 2021-Q4: 39.1

Average Years of Schooling 2021-Q4: 8.94

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 2021 in Residential Building Construction the average age for women was 36.7 years and the average schooling was 13.2 years.

The average age of men in the Residential Building Construction workforce was 39.2 years, while the average schooling was 8.76 years during fourth quarter of 2021.

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