NM!A1=PROFILE("New Mexico")
New Mexico economy
New Mexico produced $152.1 billion of goods and services in 2025, ranking #38 among the states. Below: growth, income, prices, jobs and the industries behind the total.
Capital Santa Fe2,125,498 people, 2025Statehood 1912Southwest region
GDP, 2025$152.1B#38 of 51 · 0.5% of US
Real GDP growth, 2025+1.8%#31 of 51 · US +2.3%
Income per person, 2025$62,089#46 of 51 · US $77,028
Unemployment, September 20264.7%#44 of 51 · #1 = lowest
Current dollarsReal, 2017 dollars
BEA, GDP by state (SAGDP1). 2025 is the latest annual estimate.
Industries, 2025
Value added by industry and its share of the state economy; rank among 51 by share.
| Industry | Value added | Share | vs US share | Rank | ||
|---|---|---|---|---|---|---|
| Real estate | $18.1B | 11.9% | −1.8 pp | 38 | ||
| Government | $32.6B | 21.5% | +10.4 pp | 2 | ||
| Manufacturing | $4.5B | 2.9% | −6.6 pp | 48 | ||
| Finance & insurance | $5.9B | 3.9% | −4.9 pp | 48 | ||
| Professional services | $12.3B | 8.1% | +0.1 pp | 12 | ||
| Health care | $11.1B | 7.3% | −0.2 pp | 35 | ||
| Wholesale trade | $4.9B | 3.2% | −3.1 pp | 47 | ||
| Retail trade | $9.7B | 6.4% | +0.5 pp | 23 | ||
| Information | $3.3B | 2.1% | −3.6 pp | 44 | ||
| Construction | $6.7B | 4.4% | +0.1 pp | 28 | ||
| Transportation & warehousing | $4.1B | 2.7% | −0.5 pp | 36 | ||
| Accommodation & food | $5.6B | 3.7% | +0.5 pp | 14 | ||
| Administrative & waste services | $4.5B | 3.0% | 0.0 pp | 22 | ||
| Other services | $3.2B | 2.1% | +0.1 pp | 28 | ||
| Management of companies | $694M | 0.5% | −1.4 pp | 50 | ||
| Utilities | $2.4B | 1.6% | 0.0 pp | 36 | ||
| Mining, oil & gas | $18.7B | 12.3% | +11.0 pp | 4 | ||
| Education | $820M | 0.5% | −0.6 pp | 42 | ||
| Arts & recreation | $1.2B | 0.8% | −0.3 pp | 34 | ||
| Agriculture | $1.7B | 1.1% | +0.3 pp | 20 |
BLS, Local Area Unemployment Statistics. Latest month: September 2026.
Metro areas in New Mexico
Metro areas with at least one county in the state; multi-state metros are shown in full. Sums of BEA county estimates, 2024.
| Metro area | Population | GDP | Income per person | Unemployment | |
|---|---|---|---|---|---|
| Albuquerque, NM | 926,303 | $64.3B | $60,899 | 4.0% | |
| Las Cruces, NM | 229,366 | $11.3B | $49,741 | 4.9% | |
| Santa Fe, NM | 157,765 | $10.1B | $82,474 | 3.7% | |
| Farmington, NM | 120,817 | $7.0B | $47,931 | 4.5% |