Reports and Resources:
- Key Economic Indicators for New Mexico (U.S. Bureau of Economic Analysis)
- New Mexico Economy at a Glance (U.S. Bureau of Labor Statistics)
- New Mexico General Fund Revenue Reports (N.M. Legislative Finance Committee)
- Industry by Industry Economic Profiles in New Mexico (University of New Mexico Bureau of Business & Economic Research)
- Monthly Labor Market Data (N.M. Department of Workforce Solutions)
- Oil & Natural Gas Industry’s Impact on New Mexico Schools (NMOGA)
- New Mexico Agricultural Statistics Bulletin (N.M. Department of Agriculture)
Additional reports and data are available on our Resources page
Key Facts:
- New Mexico has had one of the top performing state economies since 2017.
- State trust lands generated a record $851.9 million in revenue in Fiscal Year 2018, an increase of 28% from the previous year.
- The oil and gas industry makes up 10% of the state’s economy and is responsible for approximately 1/3 of all revenue that flows into the New Mexico General Fund.
- Oil and gas production is the largest source of revenue for New Mexico’s public schools.
- New Mexico is the largest potash producing state in the country.
- Agriculture in New Mexico supports 48,356 jobs and adds $5.9 billion to our economy.
- The New Mexico oil and gas industry supports 100,000 jobs.
- Federal and state lands in New Mexico account for 88% of oil production and 83% of natural gas production.
- The average salary in the New Mexico oil and gas industry is $71,505 — nearly 60% higher than the $44,840 average salary across all industries in 2017.
- In 2017, New Mexico was the fastest growing state in terms of new wind power capacity. There were 15 applications for new renewable energy projects applications were processing in the State Land Office at the end of Fiscal Year 2018.
- Outdoor recreation in New Mexico supports $2.8 billion in salaries and wage sand $623 million in state and local tax revenue.
