# Real GDP: Real GDP by state: Mining, quarrying, and oil and gas extraction (21) — New Mexico (chained 2017 USD mn (SAAR))

Real GDP: Real GDP by state: Mining, quarrying, and oil and gas extraction (21) — New Mexico (chained 2017 USD mn (SAAR)) was down 4.4% year on year in Q2 2026, compared with 8.3% in Q1 2026.
The level stood at 19,555 chained 2017 USD mn (SAAR).
That is the lowest reading since Q2 2022.
Over the past ten years it has ranged from −27.1% (Q3 2016) to 95.7% (Q2 2023), averaging 12.7%.

- Source agency: U.S. Bureau of Economic Analysis (Regional Economic Accounts)
- Makrognosis code: `US-NM.GDP.Q.SA.IND-BEA6`
- Frequency: quarterly
- Units: chained 2017 USD mn (SAAR)
- Coverage: 2005-01-01 to 2026-04-01 (86 observations)
- Page: https://makrognosis.robomacro.com/data/united-states/real-gdp-real-gdp-by-state-mining-quarrying-and-oil-and-gas-extraction-us-nm-gdp-q-sa-ind-bea6

## Recent data

| Period | Value | Y/Y % |
|---|---:|---:|
| Q2 2026 | 19,555 chained 2017 USD mn (SAAR) | −4.4 |
| Q1 2026 | 19,805 chained 2017 USD mn (SAAR) | 8.3 |
| Q4 2025 | 20,076 chained 2017 USD mn (SAAR) | 7.7 |
| Q3 2025 | 20,600 chained 2017 USD mn (SAAR) | 14.8 |
| Q2 2025 | 20,462 chained 2017 USD mn (SAAR) | 15.5 |
| Q1 2025 | 18,285 chained 2017 USD mn (SAAR) | 9.0 |
| Q4 2024 | 18,636 chained 2017 USD mn (SAAR) | 5.0 |
| Q3 2024 | 17,939 chained 2017 USD mn (SAAR) | 4.6 |
| Q2 2024 | 17,717 chained 2017 USD mn (SAAR) | 11.6 |
| Q1 2024 | 16,780 chained 2017 USD mn (SAAR) | 33.0 |
| Q4 2023 | 17,754 chained 2017 USD mn (SAAR) | 66.3 |
| Q3 2023 | 17,150 chained 2017 USD mn (SAAR) | 85.2 |
| Q2 2023 | 15,871 chained 2017 USD mn (SAAR) | 95.7 |
| Q1 2023 | 12,614 chained 2017 USD mn (SAAR) | 47.9 |
| Q4 2022 | 10,676 chained 2017 USD mn (SAAR) | 16.5 |
| Q3 2022 | 9,259.0 chained 2017 USD mn (SAAR) | 0.3 |
| Q2 2022 | 8,109.8 chained 2017 USD mn (SAAR) | −8.8 |
| Q1 2022 | 8,526.8 chained 2017 USD mn (SAAR) | −10.6 |
| Q4 2021 | 9,161.4 chained 2017 USD mn (SAAR) | 9.6 |
| Q3 2021 | 9,227.4 chained 2017 USD mn (SAAR) | 8.5 |
| Q2 2021 | 8,893.3 chained 2017 USD mn (SAAR) | 2.0 |
| Q1 2021 | 9,534.2 chained 2017 USD mn (SAAR) | −6.0 |
| Q4 2020 | 8,361.6 chained 2017 USD mn (SAAR) | −11.2 |
| Q3 2020 | 8,507.0 chained 2017 USD mn (SAAR) | −11.7 |

## API

```
curl -H "X-API-Key: $MAKROGNOSIS_KEY" \
  "https://makrognosis.robomacro.com/v1/series/US-NM.GDP.Q.SA.IND-BEA6"

# Python
import requests
r = requests.get("https://makrognosis.robomacro.com/v1/series/US-NM.GDP.Q.SA.IND-BEA6",
                 headers={"X-API-Key": KEY})
obs = r.json()["observations"]
```