Table 10 indicates the Gross State Product (GSP) by each sector from 1994 to 2000. The
New Mexico economy grew during this period at 4.4%. Mining and communications were the
fastest growing sectors. Agriculture accounts for less than 2% of the GSP, but for the vast
majority of total water use. Table 11 indicates employment by industry. Agriculture has
maintained its position relative to the rest of state in employment growth, but again it only
accounts for about 2% of total employment.
The state’s tourist, fishing, and recreational industries also contribute to the gross state
product and are dependent in large part upon instream flows. Total fishing expenditures for New
Mexico’s rivers and lakes amounts to $175 million per year (U.S. Fish and Wildlife Service,
1996 Survey). Using a ratio consistent with the national average of fishing expenditures to total
water based recreation amounts (Value of Recreational Water, Ron Kaiser, Water and Future of
Kansas Conference, March 2001), New Mexico’s rivers and lakes would have a total water based
recreational value of $484 million dollars per year in expenditures.