About one-half of its economy is based on the service sector, while much of the remainder is centred on extractive industries (mining and oil production). New Mexico includes the following metropolitan areas for which an Economy At A Glance table is available:. Industry Resources. At Goodwill Industries of New Mexico, we’re more than just a thrift store. This includes general construction work, electrical, mechanical and plumbing and LP gas. CARLSBAD, N.M. (AP) — Economic analysts are warning that New Mexico could be unable to rely on its oil and gas industry as the market continues to struggle amid the COVID-19 pandemic. The New Mexico Tourism Department estimates that in Fiscal Year 2006, the travel industry in New Mexico generated expenditures of $6.5 billion. That was a record high, buoyed by record production and sales. In 2018, New Mexico had a population of 2.1M people with a median age of 38.1 and a median household income of $47,169. Industry; New Mexico Industry The value of shipments by manufacturers in New Mexico exceeded $18 billion in 1997, with the highest growth rate of all states (114%) from 1992 to 1997. We’re a local, nonprofit agency that helps New Mexicans find jobs and gain access to specialized social services. March 16, 2020. According to NMBio.org, biosciences in New Mexico makes up more than one-half of all R&D conducted in the... Cybersecurity. New Mexico’s largest employers represent a host of industry sectors from renowned federal and military research institutions, to major manufacturers, oil and gas companies, and homegrown restaurant chains to name just a few. U.S. exports from state of New Mexico. Geografi. State Sen. George Muñoz (D-Gallup) calls it a waste of money. New Mexico is the prime example of an American energy success story. President & CEO. New Mexico’s fossil fuel energy industry, led by oil development, has made a strong recovery since the recession. New Mexico (spansk: Nuevo México) er en delstat i det sørvestlige USA, som grenser til Texas i øst og sør, Mexico i sørvest, Arizona i vest, Utah i nordvest, Oklahoma i nordøst og til Colorado i nord. Rob Black. Chart. Our free programs and services are funded primarily by revenue generated through the sale of donated clothing, housewares, furniture and more through our 15 stores and 14 donation centers . The strength of crude oil prices relative to natural gas prices has driven a dramatic shift in drilling activity from natural gas to oil across the region and within New Mexico. Lujan Grisham’s administration has said New Mexico stands to have some of the most expansive rules for addressing methane and other emissions from the oil and gas industry after many meetings with industry experts and environmentalists. We are a federally recognized 501(c)(6) organization. This should be sobering news to New Mexico’s legislators, since nearly 45 percent — more than $3.5 billion — of the state’s general fund came from oil and gas revenues in 2019, according to New Mexico’s Legislative Finance Committee. Economic Statistics. Oil and gas executives at some of New Mexico’s top operators said they were optimistic for the future of the industry, even during a market downturn led by the COVID-19 pandemic and talks of a national and statewide transition to renewable energy. New Mexico arts and cultural production industry value added to U.S. GDP 2001-2017 Real GDP growth rate in Japan Q1 2017-Q1 2020 Annual growth of the real GDP in California 2000-2019 Since 2007, the healthcare sector has seen a steady growth of 13 percent, adding nearly 15,000 new jobs. Proposed rules by the energy agency deal with waste due to venting and flaring in oilfields. Additional information, including the hourly and annual 10th, 25th, 75th, and 90th percentile wages and the employment percent relative standard error, is available in the downloadable XLS file . Manufacturing in Mexico continues to grow across most industries, both in size and sophistication and is the 12th largest exporter in the world. 1. The New Mexico economy depends on a strong oil and natural gas industry. National and state treasures are easy to find. Creative Industries Report Released for 2017 Measuring the Scope of the Nation’s Arts-Related Industries. The New Mexico Construction Industries Commission approved for adoption by the Construction Industries Division of the Regulation and Licensing Department at its August 7, 2020 meeting, the repeal of rule 14.7.6 NMAC, 2009 New Mexico Energy Conservation Code and the replacement of 14.7.6 NMAC, 2018 New Mexico Residential Energy Conservation Code. 20+ Ways ... research, partnership opportunities, toolkits, career opportunities, partner news and information on use of the “New Mexico True” brand. Since the introduction of the North American Free Trade Agreement, or NAFTA, in the 1980s, Mexico’s economy has become increasingly manufacturing-based. Native American culture abounds. New Mexico in the Media. But “Big Oil” is not the only industry active in financing New Mexico politics. How Industries Are Contributing To New Mexico Candidates. "Employees on nonfarm payrolls in New Mexico in 2019, by industry (in 1,000s)." Statista. 2. Toolkits. Adventure awaits at every corner. He and Democratic Speaker of the House Brian Egolf […] Healthcare. 44 talking about this. Find out what each area has to offer. Retail. “We believe that industrial hemp is a growth industry that can benefit the economic development of northeastern New Mexico,” Highlands business professor Heath Anderson said. Historically a ranching and mining state, New Mexico’s natural resources still contribute significantly to its economy. During the late-2000s recession, New Mexico's unemployment rate peaked at 8.0% for the period June–October 2010. New Mexico These occupational employment and wage estimates are calculated with data collected from employers in all industry sectors in metropolitan and nonmetropolitan areas in New Mexico. Mexico Manufacturing Industries. Submitted by Carol A. Clark on October 31, 2020 -7:36 am NMEW News: The oil and gas industry continues to be a major contributor to New Mexico political campaigns. And history is created every day. 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