New Mexico vs Oklahoma: two economies side by side

New Mexico and Oklahoma share a border. Here are the two economies on the same measures, with the rank of each among 51 states and DC.

SouthwestNew Mexico leads on 2, Oklahoma on 9 of 11 measures

Indicator	A · NM	B · OK	Ranks
GDP, 2025	$152.1B	$274.3B	38 · 31
Real GDP growth, 2025	+1.8%	+2.2%	31 · 19
Real growth a year since 2015	+2.7%	+1.1%	13 · 43
GDP per person	$71,569	$66,523	42 · 47
Income per person, 2025	$62,089	$66,055	46 · 41
Real income per person (2017 $)	$51,121	$58,692	49 · 23
Price level (US = 100)	92.2	87.8	37 · 48
Housing costs (US = 100)	73.6	62.8	37 · 47
Unemployment, September 2026	4.7%	4.2%	44 · 33
Population	2,125,498	4,123,288	36 · 28
Population growth a year since 2020	+0.07%	+0.78%	43 · 14

Highlighted: the higher value, or the lower one for prices and unemployment. BEA (GDP, income, price parities), BLS (unemployment).

Fig. 1Real GDP, index 2015 = 100Chained 2017 dollars

New MexicoOklahoma

Fig. 2Unemployment rateMonthly, seasonally adjusted, since 2015

New MexicoOklahoma

Industry mix, 2025

Share of each state’s GDP. Sorted by the gap between the two.

Industry	NM	OK	Gap, pp	Larger in
Manufacturing	2.9%	9.1%	6.1	OK
Government	21.5%	15.7%	5.8	NM
Mining, oil & gas	12.3%	8.7%	3.6	NM
Professional services	8.1%	4.5%	3.6	NM
Transportation & warehousing	2.7%	4.8%	2.1	OK
Wholesale trade	3.2%	5.2%	1.9	OK
Finance & insurance	3.9%	5.6%	1.7	OK
Real estate	11.9%	10.6%	1.3	NM
Management of companies	0.5%	1.6%	1.2	OK
Accommodation & food	3.7%	2.9%	0.7	NM
Health care	7.3%	8.0%	0.6	OK
Utilities	1.6%	2.1%	0.5	OK
Construction	4.4%	3.9%	0.5	NM
Agriculture	1.1%	1.6%	0.4	OK
Administrative & waste services	3.0%	3.3%	0.4	OK
Retail trade	6.4%	6.5%	0.2	OK
Information	2.1%	2.3%	0.1	OK
Education	0.5%	0.6%	0.1	OK
Other services	2.1%	2.2%	0.1	OK
Arts & recreation	0.8%	0.7%	0.1	NM