The Latest New Mexico Industry Statistics Explained
New Mexico is the 11th largest oil producer in the world
The statistic that New Mexico is the 11th largest oil producer in the world indicates that the state ranks quite high in terms of oil production on a global scale. This suggests that New Mexico plays a significant role in the oil industry, both domestically in the United States and internationally. As the 11th largest oil producer, the state likely has a notable impact on the global oil market, contributing to oil supply and influencing prices. The statistic underscores the importance of New Mexico’s oil production sector in terms of economic activity, job creation, and energy security at both regional and global levels.
There are over 114,000 jobs in New Mexico supported by the oil and gas industry.
The statistic indicating that over 114,000 jobs in New Mexico are supported by the oil and gas industry suggests a significant contribution to the state’s economy by this sector. The oil and gas industry plays a major role in providing employment opportunities directly through jobs in extraction, refining, distribution, and supporting industries. Additionally, the industry creates indirect employment opportunities in sectors such as transportation, manufacturing, and services that cater to the needs of oil and gas workers and companies. This statistic highlights the importance of the oil and gas industry in New Mexico’s job market and its role in supporting livelihoods and economic growth in the state.
The film and television industry in New Mexico generated over $525 million in 2019.
The statistic that the film and television industry in New Mexico generated over $525 million in 2019 indicates the significant economic impact of this sector on the state’s economy. This amount of revenue demonstrates the industry’s ability to contribute significantly to local employment, infrastructure development, and overall economic growth. The figure reflects the combined spending on production activities, hiring of local crew and talent, as well as investments in locations and services within the state. The statistic underscores the importance of the film and television sector as a key driver of economic activity and employment opportunities in New Mexico, highlighting its potential for ongoing growth and development in the future.
New Mexico ranks 1st in alcohol-related deaths among the 50 states.
The statistic “New Mexico ranks 1st in alcohol-related deaths among the 50 states” indicates that New Mexico has the highest rate of alcohol-related fatalities compared to all other states in the U.S. This ranking suggests that the state may have a higher prevalence of alcohol abuse, impaired driving incidents, or other factors contributing to alcohol-related fatalities. The statistic underscores a concerning public health issue within New Mexico that may require targeted interventions and policies to address the impact of alcohol abuse on the population’s health and safety. Identifying and addressing the root causes behind the high rate of alcohol-related deaths in New Mexico is crucial for improving public health outcomes and reducing the overall burden of alcohol-related harm in the state.
The value of New Mexico’s aerospace and defense industry economic output was $3.7 billion in 2017.
The statistic indicates that in 2017, the aerospace and defense industry in New Mexico generated a total economic output of $3.7 billion. This figure represents the overall value of all goods and services produced by the aerospace and defense sector within the state during that year. This statistic provides insight into the industry’s significant contribution to the state’s economy, highlighting its importance in terms of job creation, investment, and overall economic growth. The $3.7 billion economic output underscores the industry’s large scale and its impact on local businesses, households, and the overall economic landscape of New Mexico in 2017.
In 2020, 9% of New Mexico’s workforce were part of the manufacturing industry.
The statistic ‘In 2020, 9% of New Mexico’s workforce were part of the manufacturing industry’ indicates that 9% of the total employed population in New Mexico was working in the manufacturing sector during the specified year. This percentage reflects the proportion of individuals in the workforce who were employed in roles related to manufacturing, such as production, assembly, or fabrication. The statistic provides insight into the composition of the state’s labor market, highlighting the significance of the manufacturing industry as a source of employment opportunities for the residents of New Mexico. This information can be used to assess the economic impact, job stability, and growth potential of the manufacturing sector within the state, as well as to inform policy decisions related to workforce development and industrial planning.
New Mexico’s natural gas production ranked 9th in the United States in 2019.
The statistic ‘New Mexico’s natural gas production ranked 9th in the United States in 2019’ indicates that New Mexico was the 9th highest producer of natural gas among all the states in the U.S. during the year 2019. This ranking is based on the total volume of natural gas extracted and processed within the state during that year. The statistic suggests that New Mexico plays a significant role in the country’s overall natural gas production, with potential implications for the state’s economy, energy sector, and environmental considerations.
In 2019, New Mexico’s uranium reserves were the largest of any state.
The statistic that in 2019, New Mexico had the largest uranium reserves of any state indicates that New Mexico possessed the highest estimated amount of uranium deposits compared to other states within the United States. This information is significant as uranium is a crucial natural resource that is used for various applications, including nuclear power generation and military purposes. Having the largest uranium reserves suggests that New Mexico may play a key role in the production and supply of uranium in the country, potentially impacting the nation’s energy security and nuclear industry. Additionally, this statistic may also have economic implications for New Mexico, as the extraction and processing of uranium reserves could contribute to the state’s economy and create employment opportunities in the mining sector.
In 2017, New Mexico was the leading U.S. state in potash production.
The statistic states that in the year 2017, New Mexico was the top producer of potash among all U.S. states. Potash is a key mineral used primarily in fertilizer production, and its production levels are crucial indicators of agricultural activity and economic growth. The fact that New Mexico ranked first in potash production suggests that the state possesses significant natural reserves of this mineral and has developed an efficient extraction and processing infrastructure. This statistic reflects New Mexico’s importance in the agricultural industry and its potential economic impact as a major supplier of potash within the United States.
The agriculture industry contributes $3.1 billion to New Mexico’s economy.
The statistic that the agriculture industry contributes $3.1 billion to New Mexico’s economy reflects the significant economic impact of agriculture within the state. This figure encompasses the total value of agricultural goods and services produced in New Mexico, including crops, livestock, and other related activities. The substantial contribution highlights the importance of the agriculture industry as a major driver of economic growth and employment opportunities in the state. Additionally, it emphasizes the role of agriculture in supporting rural communities, providing essential food products, and fostering sustainable development within New Mexico.
New Mexico ranks 6th nationwide in cheese production.
The statistic that ‘New Mexico ranks 6th nationwide in cheese production’ indicates that New Mexico is the 6th largest cheese-producing state in the United States when compared to all other states. This ranking suggests that New Mexico significantly contributes to the overall cheese production in the country, potentially having a notable presence in the dairy industry. The state’s ranking of 6th implies that it produces a substantial quantity of cheese relative to other states, highlighting the importance of the dairy sector within New Mexico’s economy and solidifying its position as a key player in the national cheese production landscape.
New Mexico is the largest producer of chile peppers in the US.
The statistic “New Mexico is the largest producer of chile peppers in the US” implies that New Mexico produces the highest quantity of chile peppers compared to all other states in the United States. This suggests that New Mexico has a significant impact on the chile pepper industry in the country and likely plays a key role in supplying chile peppers to consumers and businesses nationwide. Factors such as climate, soil conditions, agricultural practices, and market demand may contribute to New Mexico’s success as the leading producer of chile peppers in the US.
The value of New Mexico’s mined metallic mineral production was about $42 million in 2020.
The statistic “The value of New Mexico’s mined metallic mineral production was about $42 million in 2020” represents the total monetary worth of all metallic minerals extracted through mining activities within the state of New Mexico during the year 2020. This value reflects the economic significance of the mining industry in the state and provides insight into the magnitude of metallic mineral production for that specific year. By quantifying the production value at $42 million, it underscores the contribution of the mining sector to the overall economy of New Mexico and highlights the importance of this industry in generating revenue and supporting local communities. Additionally, this statistic can be used for economic analysis, policy-making decisions, and strategic planning related to the mining sector and resource management in the state.
New Mexico’s 14,349 square miles of public land contributes to $9.9 billion in consumer spending on outdoor recreation annually.
The statistic states that New Mexico’s 14,349 square miles of public land plays a significant role in generating consumer spending on outdoor recreation, amounting to $9.9 billion each year. This indicates that the presence of public land in New Mexico creates economic value by attracting outdoor enthusiasts and visitors who spend money on various recreational activities such as hiking, camping, fishing, and hunting among others. The combination of a substantial land area designated for public use and the diverse range of outdoor opportunities available in New Mexico results in a considerable boost to the local economy through expenditures on recreation-related goods and services, ultimately contributing to the overall economic well-being of the state.
New Mexico’s technology industries generate $1.7 billion in the state annually.
This statistic indicates that the technology industries in New Mexico collectively contribute $1.7 billion to the state’s economy on an annual basis. This includes all economic activity generated by technology companies operating within the state, such as revenue from software development, hardware manufacturing, telecommunications services, and other related sectors. This significant financial input highlights the importance of the technology sector in driving economic growth and creating job opportunities in New Mexico. Additionally, it underscores the state’s strong position in fostering innovation and leveraging technological advancements to support its overall economic development.
New Mexico is the 6th largest net supplier of energy to other states.
The statistic that New Mexico is the 6th largest net supplier of energy to other states means that the state of New Mexico produces more energy than it consumes and exports the excess energy to other states. This indicates that New Mexico plays a significant role in providing energy resources to meet the needs of other states, contributing to the overall energy supply chain in the United States. The ranking as the 6th largest net supplier highlights the importance of New Mexico’s energy production and export activities in the regional and national energy markets.
New Mexico ranks 3rd in proven reserves for natural gas.
The statistic that New Mexico ranks 3rd in proven reserves for natural gas indicates that the state possesses a significant amount of natural gas resources that have been confirmed through exploration and analysis to be economically recoverable. Ranking 3rd suggests that New Mexico holds a substantial portion of the total proven natural gas reserves in the United States, highlighting the state’s importance in the energy sector. This statistic signifies the potential for continued extraction and production of natural gas in New Mexico, which can have various implications for the state’s economy, energy security, and environmental policies. Additionally, it underscores the role of New Mexico in meeting the energy demands of the country and potentially contributing to global energy markets.
Conclusion
The industry statistics for New Mexico provide valuable insights into the state’s economic trends and emerging sectors. By analyzing the data on employment, wages, and industry growth, policymakers and businesses can make informed decisions to drive innovation and prosperity in the region. Stay tuned for more updates and analysis on the dynamic landscape of New Mexico’s industries.
References
0. – https://www.www.nmmanufacturing.com
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3. – https://www.nmspaceindustry.wordpress.com
4. – https://www.www.nass.usda.gov
5. – https://www.www.nmtec.org
6. – https://www.www.eia.gov
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8. – https://www.www.statista.com
9. – https://www.www.agmrc.org
10. – https://www.www.energy.gov
11. – https://www.www.nmoga.org
12. – https://www.headwaterseconomics.org
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14. – https://www.aces.nmsu.edu
