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Quarterly Economic Summaries Show Continued Strong Growth in New Mexico

Analysis shows business establishments up 8.2% over year and 10.3% since 2019.

SANTA FE, N.M. – The number of physical business establishments in the state has increased 8.2% from the third quarter of Fiscal Year 2021 to Q3 FY2022 and has grown 10.3% since the pre-pandemic third quarter of FY2019 to Q3 FY2022, according to data aggregated by the New Mexico Economic Development Department (EDD) and published as part of its quarterly Economic Summaries.

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