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.
- In the first quarter of 2017, New Mexico had the third-fastest growing economy in the United States.
- The oil and gas industry makes up 10% of the state’s economy and is responsible for approximately 30% 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.
- The New Mexico oil and gas industry supports 100,000 jobs.
- Federal lands account for 55% of New Mexico oil production and 62% of New Mexico 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.
- Outdoor recreation in New Mexico supports $2.8 billion in salaries and wages.
