Economic Analysis Unit
About the Economic Analysis Unit
The Economic Analysis Unit (EAU) is organized under the Office of the Secretary at the Department of Finance and Administration (DFA). The EAU's primary focus is providing analysis and forecasting of New Mexico's general fund revenue, national and state macroeconomic analysis, New Mexico oil and natural gas industry and labor market analysis, and fiscal impact analysis of proposals that impact general fund revenues and reserves.
The DFA's EAU contributes broadly to the consensus revenue forecast with coverage including the following major revenue programs:
- Gross Receipts Taxes
- Personal Income Taxes
- Severance Taxes
- Interest Income
- Rents and Royalties
After each consensus revenue estimate and legislative session, the EAU creates a financial tool known as the General Fund Financial Summary (GFFS). This summary provides a comprehensive overview of the state's fiscal status, including revenue and appropriation data for each fiscal year. It also highlights the ending actual balance and estimated balance for two projected years of the state's reserve accounts.
Meet the Economists
Economic Indicators and Revenue Data
| Title | File Type |
|---|---|
| RGDP & Labor Market Indicator Charts | |
| New Mexico Oil and Gas Quarterly Data | Excel |
| New Mexico MTGR Data by County & Industry | Excel |
| New Mexico General Fund History from FY1978 to FY2024 (Nominal & Real Values) | Excel |
| General Fund Year to Date Revenue Accrual | Web Page |
Publicly Available Data Sources
| Source | Type |
|---|---|
| U.S. Census Bureau | External Site |
| Bureau of Economic Analysis | External Site |
| U.S. Bureau of Labor Statistics | External Site |
| Economic Research Federal Reserve Bank of St. Louis | External Site |
| U.S. Energy Information Administration | External Site |
| Surveys of Consumers, University of Michigan | External Site |
| New Mexico Taxation & Revenue Department | External Site |
| New Mexico Energy, Minerals, and Natural Resources Department | External Site |
| New Mexico Department of Workforce Solutions | External Site |
| University of New Mexico Bureau of Business and Economic Research | External Site |