Mexico City. The informal economy in Mexico reached 5.69 trillion pesos, according to the results of the Quarterly Informal Economy Measurements by Federal Entity (MEITEF) at 2018 prices, which is equivalent to around 23 percent of the total economy.
According to information from the National Institute of Statistics and Geography (INEGI), the gross added value (GVA) of the informal economy reached 5.69 trillion pesos, which represented a real increase of 3.8 percent at an annual rate.
By federal entity, the largest increases were observed in Campeche, with 25 percent; Quintana Roo, 16 percent; Sinaloa, 13.6; Nayarit, 7.9; and Puebla, with 7.3 percent.
Inegi explained that Mexico’s informal economy is made up of the informal sector, which includes all economic activities carried out by companies without legal personality owned by households, and other forms of informality, where workers who work in formal economic units do not have social security or social benefits, such as vacations, Christmas bonuses, severance pay, among others.
The informal sector’s GVA increased 5.9 percent at an annual rate and represented 56.3 percent of the informal economy. Campeche, Quintana Roo, Querétaro, Aguascalientes and Yucatán were the countries with the highest annual increase during January-March 2024.
In the first quarter, the GVA of other forms of informality accounted for 43.7 percent of the informal economy and grew 1.4 percent at an annual rate. The entities that stood out for their upward variation in this sector of the economy were Sinaloa, with 19.5 percent; Nayarit, 7.8 percent; Quintana Roo, 7.6 percent; Campeche, 6.5 percent; and Puebla, with 5.7 percent.
Increase in employment
Paid jobs in the informal economy totaled 16.3 million, representing an annual increase of 1.8 percent, in the first quarter of 2024. Increases were notable in Campeche, Sinaloa, and Quintana Roo.
Salaries at current prices in the informal economy registered an annual increase of 7.6 percent in the period January-March 2024. The entities where they increased the most were: Campeche, Sinaloa, Quintana Roo, Veracruz and Nuevo León.
The Institute presented the results of the Quarterly Informal Economy Measurements by Federal Entity, which describe the dynamics of informality in the short term, both in its national aggregate and in its breakdown by federal entity.
In other words, the total number of paid jobs in economic activities was 39.5 million, which represented an increase of 1.8 percent in its annual comparison. The entities with the largest increases were Quintana Roo, with 9.2 percent; Campeche, 8.5 percent; Chiapas, 5.6; Sinaloa, 4.6; Baja California Sur and Nuevo León, 4.1; and Veracruz, 3.9 percent.
According to the results of the Quarterly Measurements of Jobs and Remunerations by Federal Entity (MTPTREF), which show the behavior and composition of the country’s regional labor market, in the period January-March 2024, the remuneration of employees, at current prices, showed an increase of 7.9 percent at an annual rate.
At the regional level, the greatest growth was recorded in Quintana Roo (17.9 percent); Campeche (14.9 percent); Chiapas (12.8 percent); Veracruz (11.7 percent); Sinaloa (10.5 percent); Baja California Sur (10.4 percent) and Nuevo León (10.1 percent).
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– 2024-09-09 00:34:01
