New Mexico GDP was $108,928,000,000 in 2021 according to BEA data. New Mexico GDP represents 0.47% of US GDP which made it the 38th largest state economy in the nation in 2021.
Real GDP (2021 Dollars) in New Mexico
2021 (Billions) |
1 Year Change | 3 Year Change | 5 Year Change | |
---|---|---|---|---|
New Mexico | $108.928 | +6.21% | +4.37% | +8.39% |
Trends in New Mexico Real GDP
Over the 5 years ending in 2021 the New Mexico economy grew in real terms by 8.39% at a compound annual growth rate of 1.63% per year. Real New Mexico GDP, at $108.928 bn in 2021, is at the highest level recorded to date.
Real GDP (2021 Dollars): New Mexico
Historical Real GDP (2021 Dollars) data for New Mexico
Date | New Mexico (Billions) |
---|---|
2021 | $108.928 |
2020 | $102.564 |
2019 | $107.489 |
2018 | $104.366 |
2017 | $101.412 |
2016 | $100.492 |
2015 | $102.070 |
2014 | $105.274 |
2013 | $103.254 |
2012 | $104.077 |
2011 | $104.984 |
2010 | $104.148 |
2009 | $102.721 |
2008 | $106.171 |
2007 | $103.239 |
2006 | $101.844 |
2005 | $99.983 |
2004 | $97.601 |
2003 | $89.755 |
2002 | $84.452 |
2001 | $82.772 |
2000 | $83.599 |
1999 | $82.254 |
1998 | $79.702 |
1997 | $83.490 |
New Mexico GDP Components: Per-Capita GDP & Popuation
New Mexico per-capita GDP was $51,481 in 2021. which is $17,740 lower than the US per-capita GDP.
Real GDP (2021 Dollars) in New Mexico
2021 | 1 Year Change | 3 Year Change | 5 Year Change | |
---|---|---|---|---|
US Per-Capita GDP | $69,221 | +5.53% | +3.34% | +7.37% |
New Mexico Per-Capita GDP | $51,481 | +6.29% | +3.28% | +7.20% |
New Mexico Population | 2,115,877 | -0.08% | +1.06% | +1.11% |
Trends Real in New Mexico Real Per-Capita GDP & Population
Real New Mexico per-capita GDP is 7.20% higher today than 5 years prior in 2016. In that time the population in New Mexico grew by 23,322 (1.11%) people. The per-capita GDP growth plus the population growth are approximatly equal to the GDP growth New Mexico shown above.
Real Per-Capita GDP (2021 Dollars): New Mexico, National
Historical Real Per-Capita GDP (2021 Dollars) and Population data for New Mexico
Date | US Per-Capita GDP | New Mexico Per-Capita GDP | New Mexico Population |
---|---|---|---|
2021 | $69,221 | $51,481 | 2,115,877 |
2020 | $65,595 | $48,435 | 2,117,566 |
2019 | $68,164 | $51,194 | 2,099,634 |
2018 | $66,987 | $49,846 | 2,093,754 |
2017 | $65,472 | $48,457 | 2,092,844 |
2016 | $64,472 | $48,023 | 2,092,554 |
2015 | $63,906 | $48,835 | 2,090,071 |
2014 | $62,711 | $50,364 | 2,090,235 |
2013 | $61,792 | $49,337 | 2,092,833 |
2012 | $61,132 | $49,852 | 2,087,715 |
2011 | $60,234 | $50,456 | 2,080,706 |
2010 | $59,785 | $50,444 | 2,064,614 |
2009 | $58,700 | $50,433 | 2,036,802 |
2008 | $60,801 | $52,804 | 2,010,662 |
2007 | $61,300 | $51,877 | 1,990,070 |
2006 | $60,671 | $51,905 | 1,962,137 |
2005 | $59,591 | $51,744 | 1,932,274 |
2004 | $58,122 | $51,266 | 1,903,808 |
2003 | $56,474 | $47,804 | 1,877,574 |
2002 | $55,447 | $45,519 | 1,855,309 |
2001 | $55,044 | $45,189 | 1,831,690 |
2000 | $55,069 | $45,903 | 1,821,204 |
1999 | $53,494 | $47,277 | 1,739,844 |
1998 | $51,633 | $45,977 | 1,733,535 |
1997 | $49,997 | $48,458 | 1,722,939 |