New Mexico Payday Loans Online Info
A Little About New Mexico
New Mexico (Spanish: Nuevo México Spanish pronunciation: [ˈnweβo ˈmexiko] (listen), Navajo: Yootó Hahoodzo pronounced [jòːtxó xɑ̀xʷòːtsò]) is a state in the Southwestern region of the United States of America; its capital and cultural center is Santa Fe, which was founded in 1610 as capital of Nuevo México (itself established as a province of New Spain in 1598), while its largest city is Albuquerque with its accompanying metropolitan area. It is one of the Mountain States and shares the Four Corners region with Utah, Colorado, and Arizona; its other neighboring states are Oklahoma to the northeast, Texas to the east-southeast, and the Mexican states of Chihuahua to the south and Sonora to the southwest. With a population around two million, New Mexico is the 36th state by population. With a total area of 121,592 sq mi (314,920 km2), it is the fifth-largest and sixth-least densely populated of the 50 states. Due to their geographic locations, northern and eastern New Mexico exhibit a colder, alpine climate, while western and southern New Mexico exhibit a warmer, arid climate.
The economy of New Mexico is dependent on oil drilling, mineral extraction, dryland farming, cattle ranching, lumber milling, and retail trade. As of 2018, its total gross domestic product (GDP) was $101 billion with a GDP per capita of $45,465. New Mexico’s status as a tax haven yields low to moderate personal income taxes on residents and military personnel, and gives tax credits and exemptions to favorable industries. Because of this, its film industry has grown and contributed $1.23 billion to its overall economy. Due to its large area and economic climate, New Mexico has a large U.S. military presence marked notably with the White Sands Missile Range. Various U.S. national security agencies base their research and testing arms in New Mexico such as the Sandia and Los Alamos National Laboratories. During the 1940s, Project Y of the Manhattan Project developed and built the country’s first atomic bomb and nuclear test, Trinity.