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New Mexico Science

Science, climate, weather and water from a New Mexico perspective

Albuquerque and some other western metros doing poorly

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As a followup on yesterday’s post regarding new housing growth in Albuquerque and its effect on water demand, the Brookings MetroMonitor folks have a new set of data out this morning that looks grim for Albuquerque’s economic trajectory, along with a number of other western water-consuming metro areas:

  • Albuquerque is 282nd out of the 300 economically largest global metros analyzed, with a 1 percent drop in per capita GDP from 2011-2012 and a 0.6 percent drop in employment: “Albuquerque is currently in a full recession with declines in both employment and GDP per capita. It is lagging the United States on both employment and GDP per capita change.”
  • Tucson is 202nd, with a 1.4 percent GDP per capita increase and a 0.5 percent increase in employment: “Tucson has partially recovered from a major recession. It is lagging the United States on both employment and GDP per capita change.”
  • Las Vegas is 194th, with 1.1 percent per capita GDP growth and 0.6 percent employment growth: “Las Vegas has partially recovered from a major recession. It is lagging the United States on both employment and GDP per capita change.”
  • Phoenix, on the other hand, is above the curve, at 92nd, with 1 percent per capita GDP growth and 2.3 percent increase in employment: “Phoenix has partially recovered from a major recession. It is outperforming the United States on employment change, but is lagging on GDP per capita change.”
  • And Salt Lake City is ahead of the curve, with 2.0 percent per capita GDP growth and 2.8 percent employment growth: “Salt Lake City has partially recovered from a major recession. It is a pocket of growth in the United States, outperforming the country on recent changes in both employment and GDP per capita while experiencing positive growth on both measures.”
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