Industry Trends

Receipts over time

All industries combined, by quarter, for this area. The dashed line marks July 2021, when destination sourcing moved online/out-of-town sales into local columns.

Across New Mexico

Every county, taxable receipts. Click a county — on the map or in the table — to load it. Statewide totals include ~$1B/quarter reported by out-of-state businesses that belongs to no county.

Which sectors grew since 2021

Change in taxable receipts: calendar 2021 vs the most recent four quarters (). Click a bar to see the specific industries inside that sector.

Every NAICS line the state publishes for this sector in this area, annualized taxable receipts. Indentation follows the NAICS hierarchy (a 6-digit row is part of the broader rows above it). “Filings” counts GRT returns filed in the latest quarter — not businesses: most businesses file monthly (≈3 filings per quarter), and since July 2021 out-of-town companies that ship or sell into an area also file there (destination sourcing). “Est. businesses” is our guess (filings ÷ 3), not a state-published number. “—” means confidentiality-suppressed: fewer than 3 filers, so the state hides the amount. Individual businesses and their filings are confidential by law (NMSA 7-1-8) and are never published.

What this economy is made of

Share of taxable receipts by sector over the last four quarters () in this area.

Sector explorer

Quarterly trend for any sector.

Fastest-growing specific industries

6-digit NAICS industries, annualized taxable receipts, CY 2021 vs . Only industries the state publishes in both periods (small ones are confidentiality-suppressed).

Largest declines

About this data

• Source: NM Taxation & Revenue Department, Quarterly Report RP-80 (“Gross Receipts by Geographic Area and NAICS Code”), accrual basis. This page refreshes automatically when the state posts a new quarter. Use the selector at the top to view all of New Mexico, any county, or any city/place.
• Taxable vs gross: the default view shows taxable gross receipts — the base of GRT revenue. Total (gross) receipts include deductible and exempt activity and contain at least one large filer anomaly (2024 Q2 Accommodation, ~$321M non-taxable statewide), so use the gross view with care.
• The state is more than its counties: out-of-state businesses selling into New Mexico report under statewide codes that belong to no county — about $1B of taxable receipts per quarter now, and a much larger share before the July 2021 destination-sourcing change. County pages therefore do not sum to the statewide page, by design.
• Suppression: the state hides industry cells with fewer than 3 filers. Sector subtotals still include the hidden amounts; the detail tables can only show industries large enough to be published. Smaller places have more suppressed (“—”) cells.
• Dollars are nominal (not inflation-adjusted). CPI rose roughly 18–20% from 2021 to 2025 — sectors growing less than that shrank in real terms.
• Filings counts GRT returns, not businesses. Most businesses file monthly (≈3 filings/quarter, verified against the state’s monthly reports), and destination sourcing (July 2021) means out-of-town companies selling into an area file there too. Any “estimated businesses” figure is our rough guess (filings ÷ 3), not state data.
• Growth since 2021 is partly a bookkeeping change: the July 2021 destination- sourcing law reassigned online/out-of-town sales into the destination’s column. Wholesale, Retail, and Administrative Support growth especially overstate organic local growth. The dollars are still real tax base.
• Small areas are noisy: in places with few filers, one amended return can swing a quarter negative or a single project can triple it. Those swings are in the state’s published data, reproduced here as-is.