The value of shipments by manufacturers in New Mexico exceeded $18 billion in 1997, with the highest growth rate of all states (114%) from 1992 to 1997. Major industries include electric equipment, petroleum and coal, food, printing and publishing, stone, glass, and clay products, and tourism.
More than 50% of the manufacturing jobs in the state are located in and around Albuquerque, in Bernalillo County. Other counties with substantial manufacturing activity include Santa Fe, San Juan, Otero, McKinley, and Dona Ana. Leading manufacturing employers include Honeywell and G.E. Aircraft, Intel Corp., Levi Strauss Co., Transportation Manufacturing Corp., Digital Equipment Corp., Philips Semiconductors, and General Mills.
Earnings of persons employed in New Mexico increased from $24.1 billion in 1997 to $25.3 billion in 1998, an increase of 5.2%. The largest industries in 1998 were services, 27.6% of earnings; state and local government, 16.9%; and retail trade, 11.3%. Of the industries that accounted for at least 5% of earnings in 1998, the slowest growing from 1997 to 1998 was federal civilian government (5.8% of earnings in 1998), which increased 1.6%; the fastest was durable goods manufacturing (5.9% of earnings in 1998), which increased 11.7%.