The Rio Grande Foundation has long argued that New Mexico needs to develop its private sector economy beyond the oil and gas industry (we support oil and gas, but believe New Mexico relies too much on this volatile source of jobs and revenues).
A new report from Wallethub confirms that New Mexico is the MOST reliant state in the nation.
Check out the interactive map below:
The other “most reliant” states are Kentucky, Mississippi, and West Virginia.
Arizona a 9th-most reliant is the most reliant state bordering on New Mexico while Utah at 46th is the least reliant.