Data / Establishment exit rate / New Mexico

Establishment exit rate in New Mexico

Establishment exit rate in New Mexico was 9.245% in 2023, according to the U.S. Census Bureau. That is down 0.03 pts from 2022. That is the 18th highest of 51 states in 2023.

20239.245%
Change on 2022-0.03 pts
Rank18th of 51US states ranked
Series high14.2711987
Series low8.0862019

Next release: Sunday, 26 September 2027, estimated by Invokely from past publication dates (low confidence), not announced by the publisher. Release calendar

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Establishment exit rate in New Mexico, 1978 to 2023

81012141619781985199219992006201320231978: 13.445 %1979: 13.531 %1980: 14.015 %1981: 13.589 %1982: 13.774 %1983: 12.585 %1984: 12.362 %1985: 14.163 %1986: 13.598 %1987: 14.271 %1988: 13.482 %1989: 12.684 %1990: 11.661 %1991: 11.935 %1992: 11.706 %1993: 10.192 %1994: 10.305 %1995: 10.45 %1996: 10.572 %1997: 11.945 %1998: 10.822 %1999: 10.97 %2000: 11.111 %2001: 11.312 %2002: 11.673 %2003: 10.253 %2004: 9.68 %2005: 9.433 %2006: 9.814 %2007: 9.755 %2008: 10.729 %2009: 11.042 %2010: 10.774 %2011: 9.722 %2012: 9.307 %2013: 9.203 %2014: 8.751 %2015: 8.756 %2016: 8.599 %2017: 8.833 %2018: 8.812 %2019: 8.086 %2020: 8.987 %2021: 10.367 %2022: 9.272 %2023: 9.245 %81012141619781994201020231978: 13.445 %1979: 13.531 %1980: 14.015 %1981: 13.589 %1982: 13.774 %1983: 12.585 %1984: 12.362 %1985: 14.163 %1986: 13.598 %1987: 14.271 %1988: 13.482 %1989: 12.684 %1990: 11.661 %1991: 11.935 %1992: 11.706 %1993: 10.192 %1994: 10.305 %1995: 10.45 %1996: 10.572 %1997: 11.945 %1998: 10.822 %1999: 10.97 %2000: 11.111 %2001: 11.312 %2002: 11.673 %2003: 10.253 %2004: 9.68 %2005: 9.433 %2006: 9.814 %2007: 9.755 %2008: 10.729 %2009: 11.042 %2010: 10.774 %2011: 9.722 %2012: 9.307 %2013: 9.203 %2014: 8.751 %2015: 8.756 %2016: 8.599 %2017: 8.833 %2018: 8.812 %2019: 8.086 %2020: 8.987 %2021: 10.367 %2022: 9.272 %2023: 9.245 %
%. Source: U.S. Census Bureau, Business Dynamics Statistics: establishment exit rate, all covered industries, nation and states from 1978, counties from 2010. Retrieved 2026-10-12, published 2025-09-25.
All 46 values
Period%
20239.245
20229.272
202110.367
20208.987
20198.086
20188.812
20178.833
20168.599
20158.756
20148.751
20139.203
20129.307
20119.722
201010.774
200911.042
200810.729
20079.755
20069.814
20059.433
20049.68
200310.253
200211.673
200111.312
200011.111
199910.97
199810.822
199711.945
199610.572
199510.45
199410.305
199310.192
199211.706
199111.935
199011.661
198912.684
198813.482
198714.271
198613.598
198514.163
198412.362
198312.585
198213.774
198113.589
198014.015
197913.531
197813.445

Compared with United States

Place2023
New Mexico9.245
United States9.396

New Mexico compared with nearby places

Alabama: 8.232 %Alaska: 9.122 %Arizona: 10.25 %Arkansas: 8.052 %California: 10.256 %Colorado: 11.172 %Connecticut: 8.473 %Delaware: 9.949 %District of Columbia: 8.862 %Florida: 10.909 %Georgia: 10.23 %Hawaii: 8.785 %Idaho: 10.426 %Illinois: 9.135 %Indiana: 8.424 %Iowa: 8.413 %Kansas: 8.326 %Kentucky: 8.203 %Louisiana: 8.056 %Maine: 8.624 %Maryland: 9.125 %Massachusetts: 8.442 %Michigan: 8.428 %Minnesota: 8.592 %Mississippi: 8.544 %Missouri: 9.576 %Montana: 9.705 %Nebraska: 8.214 %Nevada: 10.757 %New Hampshire: 8.522 %New Jersey: 9.58 %New Mexico: 9.245 %New York: 9.691 %North Carolina: 9.073 %North Dakota: 7.986 %Ohio: 8.152 %Oklahoma: 8.918 %Oregon: 9.82 %Pennsylvania: 8.159 %Rhode Island: 8.774 %South Carolina: 8.58 %South Dakota: 8.353 %Tennessee: 8.722 %Texas: 9.394 %Utah: 10.464 %Vermont: 8.57 %Virginia: 8.949 %Washington: 10.333 %West Virginia: 8.312 %Wisconsin: 8.095 %Wyoming: 10.319 %
  • Under 8.3
  • 8.3 to 8.5
  • 8.5 to 8.8
  • 8.8 to 9.3
  • 9.3 to 10
  • 10 and over
Establishment exit rate, 2023, %. New Mexico is outlined. Same source and period for every area shown. Source: U.S. Census Bureau. Boundaries: U.S. Census Bureau cartographic boundary files.

Rankings

Definition

Establishments that closed during the year (employees a year earlier and none in March of the year), as a percentage of the average number of establishments in the two years. United States: Census Bureau Business Dynamics Statistics.

Counts closed locations, including branches of firms that keep operating elsewhere, so it is not a firm failure rate. Not comparable with enterprise_death_rate, which counts enterprise deaths in Europe. The year is the twelve months to March: 2023 compares March 2022 with March 2023.

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How to cite

U.S. Census Bureau. Business Dynamics Statistics: establishment exit rate, all covered industries, nation and states from 1978, counties from 2010. https://www2.census.gov/programs-surveys/bds/tables/time-series/2023/bds2023_st.csv. Retrieved 2026-10-12.

Citation styles

The publisher is the author. Invokely is named only as the place the figures were read, where a style asks for it.

APA 7

U.S. Census Bureau. (2025). Business Dynamics Statistics: establishment exit rate, all covered industries, nation and states from 1978, counties from 2010 (Establishment exit rate, New Mexico, 1978 to 2023) [Data set]. Retrieved October 12, 2026, from https://www2.census.gov/programs-surveys/bds/tables/time-series/2023/bds2023_st.csv

MLA 9

Business Dynamics Statistics: establishment exit rate, all covered industries, nation and states from 1978, counties from 2010, Establishment exit rate, New Mexico, 1978 to 2023. U.S. Census Bureau, 25 Sept. 2025, https://www2.census.gov/programs-surveys/bds/tables/time-series/2023/bds2023_st.csv. Invokely, https://invokely.ai/en/establishment-exit-rate/new-mexico. Accessed 12 Oct. 2026.

Chicago (author-date)

U.S. Census Bureau. 2025. Business Dynamics Statistics: establishment exit rate, all covered industries, nation and states from 1978, counties from 2010. Establishment exit rate, New Mexico, 1978 to 2023. Dataset. Accessed October 12, 2026. https://www2.census.gov/programs-surveys/bds/tables/time-series/2023/bds2023_st.csv. Also distributed by Invokely, https://invokely.ai/en/establishment-exit-rate/new-mexico.

Harvard

U.S. Census Bureau (2025) Business Dynamics Statistics: establishment exit rate, all covered industries, nation and states from 1978, counties from 2010, Establishment exit rate, New Mexico, 1978 to 2023 [Dataset]. Available at: https://www2.census.gov/programs-surveys/bds/tables/time-series/2023/bds2023_st.csv, via Invokely: https://invokely.ai/en/establishment-exit-rate/new-mexico (Accessed: 12 October 2026).

BibTeX
@misc{census_establishment_exit_rate_new_2023,
  author = {{U.S. Census Bureau}},
  title = {{Business Dynamics Statistics: establishment exit rate, all covered industries, nation and states from 1978, counties from 2010: Establishment exit rate, New Mexico, 1978 to 2023}},
  year = {2025},
  howpublished = {Data set},
  url = {https://www2.census.gov/programs-surveys/bds/tables/time-series/2023/bds2023_st.csv},
  urldate = {2026-10-12},
  note = {Accessed via Invokely, https://invokely.ai/en/establishment-exit-rate/new-mexico. Publisher attribution: U.S. Census Bureau. Business Dynamics Statistics: establishment exit rate, all covered industries, nation and states from 1978, counties from 2010. https://www2.census.gov/programs-surveys/bds/tables/time-series/2023/bds2023\_st.csv. Retrieved 2026-10-12.},
}
RIS
TY  - DATA
AU  - U.S. Census Bureau
TI  - Business Dynamics Statistics: establishment exit rate, all covered industries, nation and states from 1978, counties from 2010: Establishment exit rate, New Mexico, 1978 to 2023
PY  - 2025
DA  - 2025/09/25
PB  - U.S. Census Bureau
DB  - Invokely
UR  - https://www2.census.gov/programs-surveys/bds/tables/time-series/2023/bds2023_st.csv
L2  - https://invokely.ai/en/establishment-exit-rate/new-mexico
Y2  - 2026/10/12
N1  - Accessed via Invokely, https://invokely.ai/en/establishment-exit-rate/new-mexico.
N1  - Publisher attribution: U.S. Census Bureau. Business Dynamics Statistics: establishment exit rate, all covered industries, nation and states from 1978, counties from 2010. https://www2.census.gov/programs-surveys/bds/tables/time-series/2023/bds2023_st.csv. Retrieved 2026-10-12.
ER  -
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Questions

What is the establishment exit rate in New Mexico?

Establishment exit rate in New Mexico was 9.245% in 2023, according to the U.S. Census Bureau. That is down 0.03 pts from 2022. That is the 18th highest of 51 states in 2023.

Where does this figure come from?

U.S. Census Bureau. Business Dynamics Statistics: establishment exit rate, all covered industries, nation and states from 1978, counties from 2010. Retrieved by Invokely on 2026-10-12.

What was the highest establishment exit rate in New Mexico?

14.271% in 1987, the highest value since 1978 in this series.

Establishment exit rate elsewhere in United States

Related statistics for New Mexico

All statistics for New Mexico | New Mexico in figures