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, 2017
The chart above shows the contributions to percent change in real New Mexico GDP, 2015-2017. Between 2015 and 2017, New Mexico’s economy grew by 2.3%. Mining, health care and social assistance and information were the leading contributors to real New Mexico economic growth over this period.
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, 1997-2017
Annual Real GDP for New Mexico's MSAs, 2013 - 2017
Annual Nominal GDP for New Mexico's MSAs, 2013 - 2017
Annual Real GDP Growth for the State of New Mexico 1997 - 2017