[40], New Mexico Institute of Mining and Technology, "U.S. Dept of Commerce Bureau of Economic Statistics", http://research.stlouisfed.org/fred2/data/NMLFN.txt, http://research.stlouisfed.org/fred2/data/NMUR.txt, https://www.census.gov/govs/statetax/1032nmstax.html, "Anderson, Lee. GDP per capita 2018 The GDP per capita of New Mexico was $44,671 in 2018. Learn more about how Statista can support your business. Facebook: number of monthly active users worldwide 2008-2020, Smartphone market share worldwide by vendor 2009-2020, Number of apps available in leading app stores 2020, Big Mac index - global prices for a Big Mac 2020, Profit from additional features with an Employee Account. [9] After the Spanish introduced refined silver alloys they were incorporated into the Indian jewelry designs. and over 1 Mio. [34], Property tax is imposed on real property by the state, by counties, and by school districts. In that time the population in New Mexico grew by 3,259 (0.16%) people. Real dollar values expressed in 2009 chained dollars. It is now $1.410 bn (1.49%) lower. New Mexico GDP was at its highest in 2014 when it reached $94.707 bn. [31] (April 7, 2020). [citation needed], Feature films have used New Mexico as a location since The Indian School in 1898. which is $9,229 lower than the US per-capita GDP. Normally the business passes the tax on to the purchaser. * All products require an annual contract; Prices do not include sales tax. By contrast, many heavily Indigenous American and Hispanic rural communities remain economically underdeveloped. New Mexicans derive much of their income from mineral extraction. This resembles a sales tax but unlike the sales taxes in many states it applies to services as well as tangible goods. Region Is Methane 'Hot Spot,' NASA Finds", "EIA - Greenhouse Gas Emissions Overview", "Study: Methane emissions much higher than EPA says", "Federal Spending Received Per Dollar of Taxes Paid by State, 2005", "Virgin Galactic's website overview of what is to come", "What Would a London to Sydney Nonstop Flight Look Like? Other federal agencies such as the National Park Service, the United States Forest Service, and the United States Bureau of Land Management are a big part of the state's rural employment base. [22][23][24], The New Mexico Tourism Department estimates that in fiscal year 2006 the travel industry in New Mexico generated expenditures of $6.5 billion. Chart. Hay and sorghum top the list of major dryland crops. Data on deptofnumbers.com is for informational purposes only. Industrial output, centered around Albuquerque, includes electric equipment; petroleum and coal products; food processing; printing and publishing; and stone, glass, and clay products. BEA. The Carlsbad and Fort Sumner reclamation projects on the Pecos River and the nearby Tucumcari project provide adequate water for limited irrigation in those areas of the desert and semiarid portions of the state where scant rainfall evaporates rapidly, generally leaving insufficient water supplies for large-scale irrigation. New Mexico per-capita GDP was $41,348 in 2016.
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