ALBUQUERQUE – State officials say tourism accounted for a $6.6 billion boost to New Mexico’s economy last year.
How much money does New Mexico make from tourism?
Tourism in New Mexico generated $1.5 billion in tax revenues in 2019, with $737 million accruing to state and local governments. A total of 96,064 jobs were sustained by visitors to New Mexico in 2019.
How important is tourism in New Mexico?
More than 90,400 jobs, with associated income of $2.4 billion, were sustained by visitors to New Mexico last year. 8.3% of all jobs in the state (1-in-12) are sustained by visitor spending. Tourism in New Mexico generated $629 million in state and local taxes in 2015.
How many tourists come to New Mexico each year?
An estimated 37.5 million visitors to New Mexico, an increase of 3.9%, spent nearly $7.1 billion in 2018. This represents a 7.0% increase over the prior year, and a 29% increase since 2011. Visitors to New Mexico spent $7.1 billion in 2018, with more than half in lodging and food & beverage establishments.
Is tourism still a vital part of the economy for the state of New Mexico?
and then they feel safe being outside on the trail.”
What does tourism do for New Mexico’s economy?
ALBUQUERQUE – State officials say tourism accounted for a $6.6 billion boost to New Mexico’s economy last year. Gov. Susana Martinez says that represents the seventh consecutive year of growth for the industry and its largest annual economic impact to date.
What natural resources does New Mexico have?
Most of New Mexico’s mineral production comes from coal, copper, and potash. Other commodities produced in the state include a variety of industrial minerals (including stone and aggregate), sulfuric acid, molybdenum, gold, uranium, and silver.
How did artists and authors help preserve and encourage in New Mexico’s cultures? Artists and authors in Santa Fe worked to preserve Native American and Hispanic culture by creating new organizations like the Indian Arts Fund, the Spanish Colonial Arts Society, and the Old Santa Fe Association.
Why is poverty so high in New Mexico?
Poverty in New Mexico is mainly caused by the lack of well paying opportunities and unfavourable landscape for agriculture particularly in the rural areas.
What is the main export of New Mexico?
The state’s largest manufacturing export category is computer & electronic products, which accounted for $2.0 billion of New Mexico’s total goods exports in 2018.
Why is New Mexico a poor state?
High medical expenses and the increased number of aged poor were found to be the causes of this increased rate. The unemployed, as would be expected, had the highest rate (32.9 percent) of poverty among select characteristics in New Mexico in 2019 (Exhibit 4).