A new Axios report compared each state’s gross domestic product (GDP) numbers, showing where they stand from 2012 to 2022.
The report revealed that the “Northeast and Midwest regions saw widespread decreases in their states’ shares of national GDP while Southeastern and Western states saw marked increases.”
According to Bloomberg, “Some 2.2 million people moved to the Southeast in just over two years. That’s roughly the population of Houston.”
The Rio Grande Foundation wrote of the study, “It is hardly a surprise that GDP is moving south and west because PEOPLE are moving south and west.”
“North Dakota’s tremendous growth in its oil and gas sector over the last decade drove dramatic population growth, but that doesn’t seem to be happening in New Mexico (at least so far) with our shrinking share of the national economic pie.”
New Mexico’s GDP decreased approximately ten percent while all of its neighboring states, excluding Oklahoma, increased — Texas increasing around ten percent.