U.S. GDP RANK #38 · NM 0.50% OF U.S. GDP
New Mexico Economy: GDP, Income, Jobs & Housing
In 2025, New Mexico (NM) generated $152.1 billion in nominal Gross Domestic Product (0.50% of the U.S. economy, ranked #38 nationwide) and $122.6 billion in real chained 2017 dollars. Per-capita personal income stood at $62,089 across a resident population of 2.13 million.
2025 Nominal GDP
$152.1B
U.S. Rank #38
Real GDP Growth
+1.82% 5Y Real: +25.3%
Per-Capita Income $62,089 BEA Personal Income
Avg Wage / Job $64,433 1.18M total jobs
Population 2.13M
10Y: +1.4%
5Y Home Price
+53.1% FHFA Index: 548.4
BEA & FHFA REGIONAL SERIES · 1997-2025
New Mexico GDP, Per-Capita Income & House Price Trajectory
New Mexico Historical Economic Ledger (1997-2025)
| Year | Nominal GDP ($B) | Real GDP ($B) | Real YoY % | Per-Capita Inc | Avg Wage/Job | Jobs (M) | FHFA HPI |
|---|---|---|---|---|---|---|---|
| 2025 | $152.1B | $122.6B | 1.82% | $62,089 | $64,433 | 1.18M | 548.4 |
| 2024 | $147.2B | $120.4B | 4.32% | $58,447 | $62,258 | 1.18M | 527.5 |
| 2023 | $138.9B | $115.4B | 10.73% | $55,338 | $59,531 | 1.16M | 499.4 |
| 2022 | $129.2B | $104.2B | 3.27% | $53,170 | $56,802 | 1.13M | 468.8 |
| 2021 | $112.9B | $100.9B | 3.16% | $50,885 | $54,125 | 1.09M | 405.4 |
| 2020 | $100.9B | $97.8B | -2.48% | $46,574 | $51,725 | 1.07M | 358.1 |
| 2019 | $103.8B | $100.3B | 4.43% | $43,234 | $48,358 | 1.12M | 337.6 |
| 2018 | $98.8B | $96.1B | 3.06% | $40,982 | $46,422 | 1.11M | 321.6 |
| 2017 | $93.2B | $93.2B | 0.18% | $39,203 | $44,832 | 1.10M | 310.2 |
| 2016 | $90.5B | $93.0B | -0.49% | $38,485 | $43,738 | 1.09M | 300.9 |
| 2015 | $90.8B | $93.5B | 0.95% | $37,763 | $43,558 | 1.09M | 292.4 |
| 2014 | $92.5B | $92.6B | 2.79% | $36,889 | $42,953 | 1.08M | 286.9 |
| 2013 | $88.8B | $90.1B | -0.73% | $34,868 | $41,828 | 1.08M | 284.2 |
| 2012 | $87.7B | $90.8B | 0.23% | $35,705 | $41,695 | 1.07M | 282.2 |
| 2011 | $87.1B | $90.6B | -0.19% | $35,084 | $40,870 | 1.06M | 287.3 |
| 2010 | $84.9B | $90.7B | -0.12% | $33,674 | $40,057 | 1.06M | 300.8 |
| 2009 | $82.6B | $90.8B | 2.04% | $32,910 | $39,318 | 1.07M | 312.5 |
| 2008 | $84.3B | $89.0B | -0.42% | $33,552 | $38,681 | 1.11M | 325.5 |
| 2007 | $81.1B | $89.4B | 0.95% | $31,780 | $37,100 | 1.10M | 329.4 |
| 2006 | $78.0B | $88.6B | 2.62% | $30,433 | $35,504 | 1.08M | 310.0 |
| 2005 | $74.1B | $86.3B | 0.64% | $28,744 | $34,006 | 1.05M | 273.6 |
| 2004 | $70.6B | $85.8B | 8.87% | $27,366 | $32,578 | 1.03M | 244.5 |
| 2003 | $62.9B | $78.8B | 4.54% | $26,108 | $31,326 | 1.00M | 228.0 |
| 2002 | $57.7B | $75.3B | 3.22% | $25,237 | $30,349 | 0.98M | 216.9 |
| 2001 | $55.7B | $73.0B | 0.36% | $24,545 | $29,400 | 0.98M | 209.2 |
| 2000 | $55.0B | $72.7B | 1.84% | $23,019 | $28,090 | 0.96M | 200.6 |
| 1999 | $52.8B | $71.4B | 5.47% | $21,523 | $26,819 | 0.94M | 198.2 |
| 1998 | $50.6B | $67.7B | -0.40% | $21,318 | $26,137 | 0.94M | 196.0 |
| 1997 | $52.6B | $68.0B | - | $20,509 | $25,086 | 0.92M | 191.2 |