State Gross Domestic Product (GDP) or Gross State Product, is produced by the U.S. Bureau of Economic Analysis and is a measure of the output of goods and services produced by labor and property located in a state. It is the sum of incomes earned by labor and capital and the costs incurred in the production of goods and services. GDP by industry for metropolitan statistical areas is also produced by the Bureau. GDP is presented in nominal and real terms. Nominal GDP is GDP expressed in current prices while real GDP is GDP expressed in some base year (say 2005 prices).
Source: U.S. Bureau of Economic Analysis, 2016
The chart above shows the contributions to percent change in real New Mexico GDP, 2010-2015. Between 2010 and 2015, New Mexico’s economy grew by 3.1%. Mining, health care and social assistance, real estate and rental and leasing were the leading contributors to real New Mexico economic growth over this period. In 2015, contributions by industry sector to GDP in New Mexico showed that 22.2% of total value of goods and services produced in the state came from the Government sector. In the private sector, educational services contributed least to that value (0.5%) while real estate, rental and leasing contributed the highest (12.9%).
Real and nominal GDP for both the State and MSAs is available for download below. GDP data on other states and MSAs can be found at the U.S. Bureau of Economic Analysis website.
Annual Nominal and Real Gross Domestic Product for New Mexico, 1997-2015
Annual Real GDP for New Mexico's MSAs, 2001 - 2015
Annual Nominal GDP for New Mexico's MSAs, 2001 - 2015
Annual Real GDP Growth for the State of New Mexico and it's MSAs, 2001 - 2015