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As of 2018, its total gross domestic product (GDP) was 1 billion with a GDP per capita of ,465.New Mexico's status as a tax haven yields low to moderate personal income taxes on residents and military personnel, and gives tax credits and exemptions to favorable industries.Tourists visiting these sites bring significant money to the state.Other areas of geographical and scenic interest include Kasha-Katuwe Tent Rocks National Monument and the Gila Wilderness in the southwest of the state.With a population around two million, New Mexico is the 36th state by population.With a total area of 121,592 sq mi (314,920 km), it is the fifth-largest and sixth-least densely populated of the 50 states.Inhabited by Native Americans for many thousands of years before European exploration, it was colonized by the Spanish in 1598 as part of the Imperial Spanish viceroyalty of New Spain.In 1563, it was named Nuevo México after the Aztec Valley of Mexico by Spanish settlers, more than 250 years before the establishment and naming of the present-day country of Mexico; thus, the present-day state of New Mexico was not named after the country today known as Mexico.
The states of New Mexico, Colorado, Arizona, and Utah come together at the Four Corners in New Mexico's northwestern corner. Its surface water area is about 250 square miles (650 km).The indigenous cultures of New Mexico, however, proved to be unrelated to the Mexicas, and they were not wealthy, but the name persisted.Before statehood, the name "New Mexico" was applied to various configurations of the U. territory, to a Mexican state, and to a province of New Spain, all in the same general area, but of varying extensions.The western border with Arizona runs along the 109° 03'W longitude.
The southwestern corner of the state is known as the Bootheel.New Mexico received its name long before the present-day nation of Mexico won independence from Spain and adopted that name in 1821.