Economy of New Mexico
From Wikipedia, the free encyclopedia
Oil and gas production, tourism, and federal government spending are important drivers of New Mexico's economy. The state government has an elaborate system of tax credits and technical assistance to promote job growth and business investment, especially in new technologies.
Quick Facts Statistics, GDP ...
Statistics | |
---|---|
GDP | $94.2 billion[1] |
GDP per capita | $39,811 (based on estimated 2017 population of 2,088,070)[1] |
Population below poverty line | 17.1%[2] |
0.453[3] | |
Labor force | 969,872 (September 2023) [4] |
Unemployment | 3.6% (September 2023) [5] |
External | |
Export goods | Processors and controllers (23.9%), ADP machine parts (18.4%), radar apparatuses (3.9%) |
Main export partners | [6] |
Public finances | |
Revenues | $4,413.988 million[7] |
Expenses | $6,080 million[8] |
Close
In 2017 New Mexico's gross domestic product was $94.2 billion.[1]
In 2017 the per capita personal income was $39,811 (ranked 48th in the nation).[1]
In 2008 the percentage of persons below the poverty level was 17.1%.[2]