The Rio Grande Foundation regularly points out New Mexico’s lack of business-friendliness of New Mexico public policies over many years. One specific way this is manifested is in the lack of publicly-traded companies. So, we took data on the number of publicly-traded companies by state from “InvestSnips” and divided by population (adding decimals so the numbers are not so small).
Yes, New Mexico’s small population means fewer big companies headquartered here, but when adjusted for inflation we have fewer publicly-traded companies headquartered in New Mexico than any other state.
The data are presented in both table and chart format below: