New Mexico Demography
New Mexico, with a population of approximately 2,114,371 people, is a state located in the southwestern region of the United States. The state has experienced a steady annual growth rate of 2.83%, indicating a positive trend in population expansion. Out of the total population, around 1,649,209 individuals are over the age of 18, highlighting a significant pool of potential workforce and consumers.
New Mexico Business Landscape
New Mexico boasts a thriving business landscape, with a GDP of $131,535 million in 2023. The state has witnessed a remarkable GDP growth rate of 10.6%, indicating a robust and flourishing economy. Additionally, New Mexico offers an attractive corporate tax rate of 5.9%, making it an appealing destination for businesses seeking favorable tax environments. As of 2024, there are 66,732 registered businesses in the state, with a yearly change rate of 0.3%.
Business Process Outsourcing Services Globally and in New Mexico
The global market size of Business Process Outsourcing services is estimated to be $199,722,222, with a growth rate of approximately 2%. The United States holds a significant share of this market, accounting for around 36% or $71,900,000. New Mexico, with its favorable business environment and growing economy, presents ample opportunities for Business Process Outsourcing services to thrive and expand within the state.
Business Process Outsourcing Services in the US
Business Process Outsourcing services have gained immense popularity in the United States due to their cost-effectiveness and efficiency. Companies across various industries are increasingly outsourcing their non-core business functions to specialized service providers. This allows them to focus on their core competencies while benefiting from the expertise and resources of outsourcing partners. The United States, with its vast market and diverse industries, offers a fertile ground for Business Process Outsourcing services to flourish.
Top New Mexico Cities: Economic Insights
New Mexico is home to several economically significant cities that contribute to the state's overall growth and development. Some of the key cities and their economic insights include:
- Los Alamos: With a population of 17,979 people in 2023, Los Alamos boasts an impressive income per capita of $51,044.
- Santa Fe: The capital city of New Mexico, Santa Fe, has a population of 145,400 people in 2023 and an income per capita of $32,298.
- Lincoln: Lincoln, with a population of 20,359 people in 2023, has an income per capita of $25,449.
- Taos: Taos, with a population of 32,899 people in 2023, has an income per capita of $21,333.
- Dona Ana: Dona Ana, with a population of 211,175 people in 2023, has an income per capita of $19,565.
- Socorro: Socorro, with a population of 17,756 people in 2023, has an income per capita of $18,104.
- Quay: Quay, with a population of 8,890 people in 2023, has an income per capita of $17,936.
- San Miguel: San Miguel, with a population of 29,093 people in 2023, has an income per capita of $17,926.
- Luna: Luna, with a population of 25,001 people in 2023, has an income per capita of $16,114.
Business Process Outsourcing Price in New Mexico
According to Qualified.One statistics, the pricing of Business Process Outsourcing agencies in New Mexico varies based on project budgets. The distribution of project budgets is as follows:
- 19% of projects have a budget below $10,000.
- 39.2% of projects have a budget between $10,000 and $50,000.
- 24.1% of projects have a budget between $50,000 and $200,000.
- 6.3% of projects have a budget between $200,000 and $1 million.
- 0% of projects have a budget between $1 million and $10 million.
- 0% of projects have a budget over $10 million.
The average Business Process Outsourcing project size in New Mexico is $102,405, providing businesses with a benchmark for budgeting and planning their outsourcing initiatives.
Summary of Business Process Outsourcing Market in New Mexico
| Statistical Data |
Value |
| New Mexico Population |
2,114,371 |
| Annual Population Growth Rate |
2.83% |
| New Mexico GDP |
$131,535 million |
| GDP Growth Rate |
10.6% |
| Corporate Tax Rate |
5.9% |
| Number of Registered Businesses (2024) |
66,732 |
| Yearly Change in Number of Businesses |
0.3% |
| Global Business Process Outsourcing Market Size |
$199,722,222 |
| Share of the United States in the Market |
36% |
| Business Process Outsourcing Project Size in New Mexico |
$102,405 |
Business Process Outsourcing agencies in United States
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American Samoa |
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Washington |
Business Process Outsourcing agencies in New Mexico cities
Abiquiu |
Alamogordo |
Albuquerque |
Alcalde |
Algodones |
Alto |
Amalia |
Amistad |
Angel Fire |
Animas |
Anthony |
Anton Chico |
Aragon |
Arenas Valley |
Arrey |
Arroyo Hondo |
Arroyo Seco |
Artesia |
Aztec |
Bard |
Bayard |
Belen |
Bent |
Berino |
Bernalillo |
Blanco |
Bloomfield |
Bluewater |
Bosque |
Bosque Farms |
Brimhall |
Broadview |
Buckhorn |
Buena Vista |
Caballo |
Canjilon |
Cannon AFB |
Canones |
Capitan |
Caprock |
Capulin |
Carlsbad |
Carrizozo |
Carson |
Casa Blanca |
Causey |
Cebolla |
Cedarvale |
Cedar Crest |
Cerrillos |
Cerro |
Chacon |
Chama |
Chamberino |
Chamisal |
Chaparral |
Chimayo |
Church Rock |
Cimarron |
Claunch |
Clayton |
Cleveland |
Cliff |
Clines Corners |
Cloudcroft |
Clovis |
Cochiti Lake |
Cochiti Pueblo |
Columbus |
Conchas Dam |
Continental Divide |
Cordova |
Corona |
Corrales |
Costilla |
Counselor |
Coyote |
Crossroads |
Crownpoint |
Cuba |
Cubero |
Cuervo |
Datil |
Deming |
Derry |
Des Moines |
Dexter |
Dixon |
Dona Ana |
Dora |
Dulce |
Eagle Nest |
Edgewood |
Elephant Butte |
Elida |
El Prado |
El Rito |
Embudo |
Encino |
Espanola |
Estancia |
Eunice |
Fairacres |
Farmington |
Faywood |
Fence Lake |
Flora Vista |
Floyd |
Folsom |
Fort Bayard |
Fort Stanton |
Fort Sumner |
Fort Wingate |
Fruitland |
Gallina |
Gallup |
Gamerco |
Garfield |
Garita |
Gila |
Gladstone |
Glencoe |
Glenwood |
Glorieta |
Grady |
Grants |
Grenville |
Guadalupita |
Hachita |
Hagerman |
Hanover |
Hatch |
Hernandez |
High Rolls Mountain Park |
Hillsboro |
Hobbs |
Holloman Air Force Base |
Holman |
Hondo |
Hope |
House |
Hurley |
Ilfeld |
Isleta |
Jal |
Jamestown |
Jarales |
Jemez Pueblo |
Jemez Springs |
Kenna |
Kirtland |
Kirtland AFB |
Laguna |
Lakewood |
Lake Arthur |
Lamy |
Las Cruces |
Las Vegas |
La Jara |
La Joya |
La Loma |
La Luz |
La Madera |
La Mesa |
La Plata |
Lemitar |
Lincoln |
Lindrith |
Lingo |
Llano |
Loco Hills |
Logan |
Lordsburg |
Los Alamos |
Los Lunas |
Los Ojos |
Loving |
Lovington |
Luna |
Magdalena |
Malaga |
Maljamar |
Maxwell |
Mayhill |
Mcalister |
Mcdonald |
Mcintosh |
Medanales |
Melrose |
Mentmore |
Mescalero |
Mesilla |
Mesilla Park |
Mesquite |
Mexican Springs |
Miami |
Milan |
Mills |
Milnesand |
Mimbres |
Montezuma |
Monticello |
Monument |
Mora |
Moriarty |
Mosquero |
Mountainair |
Mule Creek |
Nageezi |
Nara Visa |
Navajo |
Navajo Dam |
Newcomb |
Newkirk |
New Laguna |
Nogal |
Ocate |
Ohkay Owingeh |
Ojo Caliente |
Ojo Feliz |
Organ |
Orogrande |
Paguate |
Pecos |
Penasco |
Pena Blanca |
Pep |
Peralta |
Petaca |
Picacho |
Pie Town |
Pinehill |
Pinon |
Pinos Altos |
Placitas |
Playas |
Polvadera |
Ponderosa |
Portales |
Prewitt |
Pueblo Of Acoma |
Quay |
Quemado |
Questa |
Radium Springs |
Rainsville |
Ramah |
Ranchos De Taos |
Raton |
Redrock |
Red River |
Regina |
Rehoboth |
Reserve |
Ribera |
Rincon |
Rio Rancho |
Rociada |
Rodeo |
Rogers |
Roswell |
Rowe |
Roy |
Ruidoso |
Ruidoso Downs |
Sacramento |
Saint Vrain |
Salem |
Sandia Park |
Sanostee |
Santa Clara |
Santa Cruz |
Santa Fe |
Santa Rosa |
Santa Teresa |
Santo Domingo Pueblo |
San Acacia |
San Antonio |
San Cristobal |
San Fidel |
San Jon |
San Jose |
San Miguel |
San Patricio |
San Rafael |
San Ysidro |
Sapello |
Sedan |
Serafina |
SF |
Sheep Springs |
Shiprock |
Silver City |
Smith Lake |
Socorro |
Solano |
Springer |
Stanley |
Sunland Park |
Sunspot |
Taiban |
Taos |
Taos Ski Valley |
Tatum |
Tererro |
Tesuque |
Texico |
Thoreau |
Tierra Amarilla |
Tijeras |
Timberon |
Tinnie |
Tohatchi |
Tome |
Torreon |
Trampas |
Trementina |
Tres Piedras |
Truchas |
Truth Or Consequences |
Tucumcari |
Tularosa |
Tyrone |
UNM |
Ute Park |
Vadito |
Vado |
Valdez |
Vallecitos |
Valmora |
Vanderwagen |
Vaughn |
Veguita |
Velarde |
Villanueva |
Wagon Mound |
Waterflow |
Watrous |
Weed |
Whites City |
White Sands Missile Range |
Willard |
Williamsburg |
Winston |
Yatahey |
Yeso |
Youngsville |
Zuni |
Other Business companies in New Mexico
Answering |
Business Process Outsourcing |
Call Center |
Consulting |
HR |
