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New Mexico: Spending vs Population

Federal spending grew 73.5% while population grew 1.7%.

Spending Growth

73.5%

Population Growth

1.7%

Status

Spending Outpacing

Federal spending growing faster than population

Year-over-Year Growth Rates

Spending YoY %
Population YoY %
0.0% / 0.3%
19
0.0% / 0.9%
20
0.0% / -0.1%
21
0.0% / -0.2%
22
0.0% / 0.3%
23
0.0% / 0.4%
24
-34.7% / 0.0%
25
165.8% / 0.0%
26
Year-by-year federal spending, population, per-capita spending, and year-over-year growth rates for New Mexico.
YearSpendingPopulationPer CapitaSpend YoYPop YoY
2018$02.1M
2019$02.1M0.3%
2020$02.1M0.9%
2021$02.1M-0.1%
2022$02.1M-0.2%
2023$02.1M0.3%
2024$1.16B2.1M$544.990.4%
2025$758.0M2.1M$355.83-34.7%0.0%
2026$2.01B2.1M$945.82165.8%0.0%