Thousands of people watch the launch of hundreds of balloons during the Mass Ascencion at the opening of the International Balloon Fiesta at Balloon Fiesta Park in Albuquerque, New Mexico.Â
Keith Gillett | Icon Sportswire | Corbis | Getty Images
| Category | Score | 2018 Rank | 2017 Rank | Grade |
|---|---|---|---|---|
| Workforce | 208 | 34 | 32 | C |
| Infrastructure | 223 | 17 | 16 | B- |
| Cost of Doing Business | 188 | 24 | 19 | B |
| Economy | 90 | 46 | 44 | D- |
| Quality of Life | 113 | 41 | 42 (Tie) | F |
| Technology & Innovation | 83 | 37 | 27 | D |
| Education | 58 | 44 | 45 (Tie) | F |
| Business Friendliness | 44 | 42 | 45 | D |
| Access to Capital | 31 | 33 | 38 (Tie) | D |
| Cost of Living | 32 | 19 | 22 (Tie) | B- |
| [[link#105237323#Overall]] | 1070 | 43 | [[link#104395395#42]] | - |
Economic Profile
Governor: Susana Martinez, Republican
Population: 2,088,070
GDP growth (Q4 2017): 1.6 percent
Unemployment rate (May 2018): 5.1 percent
Top corporate tax rate: 5.9 percent
Top individual income tax rate: 4.9 percent
Gasoline tax: 18.88 cents/gallon
Bond rating (Moody's/S&P): Aa1, negative/AA, negative
Major private employers: Presbyterian Healthcare, PNM Resources
Economic profile sources: U.S. Census Bureau, U.S. Bureau of Economic Analysis, U.S. Bureau of Labor Statistics, Federation of Tax Administrators, American Petroleum Institute (excluding 18.40 cent/gallon federal tax), Moody's Investor Service, S&P Global Market Intelligence
