INEGI Presents Quarterly Institutional Sector Accounts
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INEGI Presents Quarterly Institutional Sector Accounts

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Emilio Aristegui By Emilio Aristegui | Junior Journalist and Industry Analyst - Mon, 06/06/2022 - 14:50

The National Institute of Statistics and Geography (INEGI) reported that in 4Q21, non-financial corporations generated 48.4 percent of Mexico’s Gross Domestic Product (GDP), households generated 32.3 percent, the general government 9.4 percent, financial companies 3.8 percent, and non-profit institutions that serve households contributed 0.9 percent.

“IN 4Q21, investment represented 23.4 percent of GDP and was financed with domestic savings that contributed 24.6 percent of GDP minus foreign savings, which represented a 1.1 percent deficit. When disaggregating the investment by institutional sector, the non-financial institutions made investment expenses equivalent to 15.5 percent of GDP, households 6 percent, the general government 1.8 percent and financial companies practically did not make investment expenses,” explained INEGI via a press release.

“The Quarterly Institutional Sector Accounts (CSIT) of Mexico provides information related to the real and financial transactions carried out between sectors within the country and with the rest of the world. It also presents the balance of opening and closing of the net value of assets by sector,” explains INEGI. The institute’s accounts allow the analysis of short-term variables for decision makers, as the institute presents vital figures for the understanding of the Mexican economy’s development.

Mexico’s income was mainly distributed via the gross surplus of operation, which represented 45.7 percent of the country’s GDP. Compensation of employees represented 28 percent, household income 20.6 percent and the remaining 5.6 percent was made up of income taxes, production and imports.

“In 4Q21, Gross Disposable Income reached MX$7.01 trillion (US$360 billion) and represented 102.1 percent of the quarterly GDP. Households concentrated 79.9 percent, the general government 7.6 percent, financial companies 6.8 percent, non-financial institutions 6.4 percent and non-profit institutions that serve households 1.2 percent,” reported INEGI. For 4Q21, 49.6 percent of the Mexican economy’s total assets were concentrated on households and 28.6 percent by non-financial corporations, reads the report.

Photo by:   Image by Gavinseim from Pixabay

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