Mexico | The New Business Map

Summary

The 2024 Economic Censuses show that Mexican MSMEs generate over 71% of employment but face significant gaps compared to large firms. Their low productivity is linked to a lack of formal financing and limited digitalization, which are key challenges to boosting the country's economic growth.

Key points

• Key points:
• Retail trade concentrates 44% of MSME establishments, followed by manufacturing and tourism, sectors where the productivity gap is most evident as they contribute barely one-fifth of the value added.
• Between 2018 and 2024, economic units grew by 13.9% nationwide, driven by central and northern states such as Puebla and Querétaro, while Mexico City registered a slight contraction during this period.
• Only one in nine firms obtained formal credit, reaching 33% of large corporations compared to a mere 6% of microenterprises, generating labor productivity levels between 15% and 25% higher for those with financing.
• The technological gap is deep, as less than 2% of firms use artificial intelligence or big data, and although only 5.6% sell online, this small group concentrates more than 20% of digital revenues nationwide.

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