According to the 2021 edition of the Economic Freedom Index of North America report from the free market Canadian think tank Fraser Institute, New Mexico, in calendar year 2019 (the first year of the Lujan Grisham Administration), slid from 42nd (in last year’s report which used data from the final year of the Martinez Adm.) down to 46th.
While New Mexico has long lagged its neighbors and most of the nation in economic freedom, the 2019 legislative session saw a massive uptick in government spending, tax hikes, newly-imposed regulations, and numerous other policies that make New Mexico less business-friendly. All of New Mexico’s neighbors are among the most economically-free states in the nation.
Not surprisingly, most economically-free half of jurisdictions have higher incomes than do the least economically-free jurisdictions like New Mexico. It is not surprising that New Mexico is among the most impoverished states in the nation.
New Hampshire, Tennessee, Florida, and Texas, were among the MOST economically-free states in the latest report (full rankings below) while California and New York were among the few states that trailed New Mexico. Click on either image in this post for the FULL report: