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New Mexico Product Plans
Category:
State:
Multi-State
Control #:
US-TC05082G
Format:
Word;
PDF;
Rich Text
Instant download
Description
How to fill out Product Plans?
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FAQ
Silicon computer chips are produced in the state making this sector worth about 80% of the manufacturing industry. Another important product in this sector is telephone equipment. Chemicals, clothing, concrete, food products, petroleum products and printed materials are also produced in New Mexico.
Food processing, petroleum refining, smelting, and the manufacture of electronic components, communications equipment, furniture, and construction materials are leading industrial activities. They are mostly centred in the Albuquerque area. New Mexico is also known as a leader in the high-technology industries.
The Statewide Strategic Plan New Mexico's business community needs to adapt to rapidly changing times and be prepared to pay higher wages, increase schedule flexibility, and provide greater options for working parents, caregivers, and adult learners to attract employees.
Mining, gas and oil extraction, and quarrying are the largest contributors to the growth of real GDP in New Mexico.
The state's hardworking farmers and ranchers grow and raise important commodities including beef, milk, hay, pecans, corn, wheat, cotton, sorghum, peanuts, potatoes, and more.
Most valuable crops grown in New Mexico Cotton. ? Annual production: $6.0 million. Peanuts. ? Annual production: $11.2 million. Wheat. ? Annual production: $18.9 million. Corn. ? Annual production: $40.9 million. Peppers. ? Annual production: $44.9 million. Hay & haylage. ? Annual production: $186.1 million. Pecans.
Bureau of Economic Analysis. In the 1st quarter of 2023, the real GDP for New Mexico was $124.9 billion in goods and services per year. Source: Bureau of Economic Analysis.
