New Mexico currently holds the lowest position in economic freedom rankings across the United States. The state’s placement reflects constraints in fiscal policy, regulatory burdens, and limited personal choice in economic matters. Factors contributing to this standing include high government spending relative to income, restrictive labor regulations, and uneven tax policies that affect business growth. Analysts note that such conditions may discourage entrepreneurship and reduce incentives for private investment. While neighboring states have implemented reforms to improve competitiveness, New Mexico has not advanced at the same pace. This lag raises concerns about long-term economic development and residents’ financial well-being.
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New Mexico now dead last in economic freedom Roswell Daily Record