In 2023, the GDP of New Mexico amounted to around 110.32 billion U.S. dollars. The government and government enterprises industry added the most real value to the gross domestic product of the state, amounting to around 24.72 billion U.S. dollars. Comparatively, the manufacturing industry contributed around 4.2 billion U.S. dollars worth of value to the state's real GDP.
Real value added to the gross domestic product of New Mexico in the United States in 2023, by industry
(in billion chained 2017 U.S. dollars)
Industry
Real value added in billion chained (2017) U.S. dollars
Government and government enterprises
24.72
Finance, insurance, real estate, rental, and leasing
16.8
Professional and business services
14.5
Mining, quarrying, and oil and gas extraction
12.37
Educational services, health care, and social assistance
8.89
Retail trade
5.76
Arts, entertainment, recreation, accommodation, and food services
Chained (2017) dollar series are calculated as the product of the chain-type quantity index and the 2017 current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive.
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BEA. (September 27, 2024). Real value added to the gross domestic product of New Mexico in the United States in 2023, by industry (in billion chained 2017 U.S. dollars) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1065130/new-mexico-real-gdp-by-industry/
BEA. "Real value added to the gross domestic product of New Mexico in the United States in 2023, by industry (in billion chained 2017 U.S. dollars)." Chart. September 27, 2024. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1065130/new-mexico-real-gdp-by-industry/
BEA. (2024). Real value added to the gross domestic product of New Mexico in the United States in 2023, by industry (in billion chained 2017 U.S. dollars). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1065130/new-mexico-real-gdp-by-industry/
BEA. "Real Value Added to The Gross Domestic Product of New Mexico in The United States in 2023, by Industry (in Billion Chained 2017 U.S. Dollars)." Statista, Statista Inc., 27 Sep 2024, https://www.statista.com/statistics/1065130/new-mexico-real-gdp-by-industry/
BEA, Real value added to the gross domestic product of New Mexico in the United States in 2023, by industry (in billion chained 2017 U.S. dollars) Statista, https://www.statista.com/statistics/1065130/new-mexico-real-gdp-by-industry/ (last visited November 21, 2024)
Real value added to the gross domestic product of New Mexico in the United States in 2023, by industry (in billion chained 2017 U.S. dollars) [Graph], BEA, September 27, 2024. [Online]. Available: https://www.statista.com/statistics/1065130/new-mexico-real-gdp-by-industry/
