New Mexico State Parks Economic Impact Analysis FY 2019-2024

This technical report presents an analysis of the economic and social benefits of New Mexico State Parks for the fiscal years 2019-2024. The analysis aims to estimate the benefits derived from expenditures, visitor spending, and social contributions associated with New Mexico State Parks. Covering over 188,000 acres, these parks provide various recreational opportunities and showcase the natural beauty and historical significance of the region. The report employs standard methodologies to measure both economic and nonmarket/social benefits, including visitor spending and conservation values. Key findings include detailed estimates of economic contributions, labor income, and tax revenues generated by park-related activities. The report also outlines the methodologies used for economic impact analysis, including direct, indirect, and induced effects, and highlights the role of New Mexico State Parks in supporting local economies. The findings are supported by data collected and analyzed using established economic modeling software.