Category: Non-Local News Releases Non-Local News Releases
Published: 01 July 2022 01 July 2022

Data shows broad-based economic expansion 

SANTA FE, N.M. – New Mexico Economic Development Department (EDD) Cabinet Secretary Alicia J. Keyes said today that the agency’s latest round of quarterly economic reports shows 30 of 33 counties seeing gains in Matched Taxable Gross Receipts (MTGR) over the year with Sandoval up 44%, Santa Fe up 32%, Doña Ana up 22%, San Juan up 21%, and Bernalillo up 17%.

The latest Quarterly Economic Summaries encapsulate consumer spending information from the third quarter of fiscal year 2022 – January, February, and March of 2022 – for the entire state of New Mexico as well as each of the 33 counties. EDD also aggregates and analyzes the most recent data from other government sources.

The EDD initiative delivers economic data available on a county level, giving local decision makers regular access to economic indicators in their own community. The June 2022 Quarterly Economic Summaries for the 33 counties are now available on the EDD website.

“New Mexico continues to see broad-based economic expansion,” Secretary Keyes said. “Gov. Michelle Lujan Grisham’s focus on higher-paying jobs is making a difference. This EDD initiative provides communities more detailed data so they can track their own progress and have the information they need to diversify and build a stronger economy locally.”

Some of the highlights in the latest reports include:

The economic summaries track data from the N.M. Taxation and Revenue Department; the N.M. Department of Workforce Solutions; the U.S. Bureau of Labor Statistics; and the U.S. Bureau of Economic Analysis with additional calculations by EDD economists.