Importance of the Institute
Infonavit, which provides services to the country’s formal workers, manages assets of 2.4 billion pesos. In 2023 alone, Infonavit’s economic output represented 0.82% of the national gross domestic product (GDP).
Between 2019 and August of last year, the institute’s economic output was more than 1.3 billion pesos.
During the last six-year term, employer collection was 1.6 billion pesos, an amount that is complemented by the 763,296 million pesos from the Infonavit Investment Fund (Fanvit).
In the last six-year term, an increase in the institute’s resources was recorded, as a result of the salary increase policy promoted by former president Andrés Manuel López Obrador, which resulted in the 5% that employers allocate to the workers’ housing subaccount had a raise, speaking in pesos and cents.
As of June 2024, there were 77.7 million housing subaccounts managed by Infonavit, according to data from Banco de México, Conavi and the institute.
In 2023, the institute’s economic output was the largest in relation to Mexico’s (GDP) in the last 11 years.
In the administration of Carlos Martínez Velázquez, Fanvit exceeded 763,000 million pesos, an amount 5.2 times greater than the 146,903 million with which the fund closed in 2018.
Administrations prior to the arrival of López Obrador to the presidency outsourced the Fanvit operation. What was done last six-year term was to cancel the contract and develop internal capabilities so that it could operate from Infonavit, said Carlos Martínez in September of last year.
From 2012 to 2024, the maximum amounts provided by Infonavit increased from just over 341,000 pesos to 2.7 million pesos.
