The State New Economy Index

New Mexico

Indicator

Rank

Score

Overall*

57.17

Aggregated Knowledge Jobs

9.96

Information Technology Jobs
Employment in IT occupations in non-IT industries as a share of total jobs.

2.2%

Managerial, Professional & Tech Jobs
Managers, professionals, and technicians as a share of the total workforce.

27.3%

Workforce Education
A weighted measure of the educational attainment (advanced degrees, bachelor's degrees, associate degrees, or some college course work) of the workforce.

42.7

Education Level of the Manufacturing Workforce
A weighted measure of the educational attainment of the manufacturing workforce.

0.81

Aggregated Globalization Score

7.46

Export Focus Of Manufacturing
Manufacturing export sales per manufacturing worker.

$12,980

Foreign Direct Investment
The percentage of each state's workforce employed by foreign companies.

2.2%

Aggregated Economic Dynamism Scores

8.28

"Gazelle" Jobs
Jobs in gazelle companies (companies with annual sales revenue that has grown 20 percent or more for four straight years) as a share of total employment.

11.4%

Job Churning
The number of new start-ups and business failures, combined, as a share of all establishments in each state.

21.2%

Initial Public Offerings
A weighted measure of the value and number of initial public stock offerings of companies as a share of gross state product.

3.55

Aggregated Digital Economy Scores

7.92

Online Population
The percentage of adults with Internet access in each state.

49.8%

Commercial Internet Domain Names
The number of commercial Internet domain names (".com") per firm.

0.71

Technology in Schools
A weighted measure of five factors measuring computer and internet use in schools.

1.32

Digital Government
A measure of the utilization of digital technologies in state governments.

1.39

Online Agriculture
A measure of the percentage of farmers with Internet access and who use computers for business.

3.90

Online Manufacturers
The percentage of manufacturing establishments with Internet access.

82.1%

Broadband Telecommunications
A measure of the use and deployment of broadband telecommunications infrastructure over telephone lines.

2.66

Aggregated Innovation Capacity

13.77

High-Tech Jobs
Jobs in electronics manufacturing, software and computer-related services, telecommunications, and biomedical as a share of total employment.

5.8%

Scientists and Engineers
Civilian scientists and engineers as a percentage of the workforce.

1.21%

Patents
The number of patents issued to companies or individuals per 1,000 workers.

0.77

Industry Investment in R&D
Industry investment in research and development as a percentage of Gross State Product (GSP).

3.15%

Venture Capital
Venture capital invested as a percentage of GSP.

0.02%

* Because of differences in methodology, changes in ranks between 1999 and 2002 cannot all be attributed to changes in actual economic conditions in the state.

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The Progressive Policy Institute (PPI)
Technology, Innovation, and New Economy Project
600 Pennsylvania Ave., S.E., Suite 400, Washington DC 20003
Phone: (202) 547-0001
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