Industry Trends

Receipts over time

All industries combined, by quarter, for this area.

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.

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.
• 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.