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No. 30 New Mexico
Taxations & Regulations
Workforce Quality
Living Environment
Key Metrics |
State GDP
- % Growth ’12-’13: 1.5
- % Growth ’11-’12 v. Nat’l Avg. (2.5%): -2.3
Unemployment
- Unemployment Rate Dec. 2013 %: 6.4
- Comparison with Nat’l Rate (6.70%): -0.3
Domestic Migration
- Domestic Net Migration 2013: -10,526
- Rank: 41
State Government
- State Debt per Capita Fiscal Year ’13 ($): 3,525
- State & Local Gov’t Employees per 10k Residents: 680.4
State-Local Tax Burden
- Rate (%): 8.4%
- Compared to Nat’l Avg. (9.9%): -1.42%
|
Key Companies |
- PNM Resources
- First State Bancorporation
|
Development Trend Indicator: Positive |
Enacts huge cut in corporate income-tax rate as attractiveness brightens. |
Based on CEO Survey by ChiefExecutive.net
Sources:
Bureau of Economic Analysis
Bureau of Labor Statistics
NewGeography.com
The Tax Foundation