GDP by Sector
| Sector | GDP ($ thousands) | Growth 2018 (%) |
|---|---|---|
| Health care and social assistance | 7,678,108 | 3.9 |
| Manufacturing | 6,169,507 | 4.1 |
| Retail trade | 5,129,096 | 2.7 |
| Finance and insurance | 4,133,521 | 4.9 |
Contents
What is Maine’s major industry?
Manufacturing is still the largest sector in the state’s economy. Maine is a leading producer of paper and wood products, which are the most valuable of all manufactures in the state. Food products and transportation equipment are also important, but production of leather goods (especially shoes) has declined.
What is Maine known for producing?
The state’s largest crop is its Maine State Potatoes crop. Other crops are corn, hay, oats and other grains to feed cattle.Apples are Maine’s most valuable fruit crops, but Maine is also a leading producer of wild blueberries. Other fruit crops are cranberries, raspberries and strawberries.
What are the major industries in Portland Maine?
The largest industries in Portland, ME are Health Care & Social Assistance (6,987 people), Educational Services (4,514 people), and Professional, Scientific, & Technical Services (4,385 people), and the highest paying industries are Management of Companies & Enterprises ($113,333), Utilities ($75,962), and Wholesale
Does Maine have a good economy?
Courtesy / WalletHub Maine’s economy ranked No. 44, or eighth-worst, in a just-released study by WalletHub.
What are Maine’s top 3 industries?
Businesses in Maine employed a total of 24.2 million in 2018, with average annual employment growth of 2.6%. The top three employment sectors include Health care and social assistance, Retail trade and Professional, scientific, and technical services while the unemployment rate across the state in March 2020 was 5.3%.
What is Maine the largest producer of?
blueberries
Maine’s agricultural output is mainly blueberries, dairy products, potato, poultry, and eggs. Potato is the largest crop grown in the state and is mainly grown in the Aroostook Country. Maine is the top producer of blueberries and the second-largest producer of maple syrup in the US.
What is the best crop to grow in Maine?
Maine Vegetable Gardening: Keep Your Garden Growing — Plant from Spring to Fall
| Planting Seeds Indoors | Weeks to Sow Indoors Before Last Frost | Set Out Transplants |
|---|---|---|
| Broccoli | 5-7 | After frost, late summer |
| Brussels Sprout | 4-6 | After frost, late summer |
| Cabbage | 5-8 | After frost, late summer |
| Cauliflower | 5-8 | After frost, late summer |
What is the economy of Maine?
Maine’s Economic & Business Climate. The Bureau of Economic Analysis estimates that Maine’s total gross state product for 2019 was $67.7 billion, representing a 1.4% growth rate over the previous year. Per capita personal income in 2019 was $50,634, ranking 30st nationally. The increase was 9.9% over 2018 results.
What is the most valuable farm crop in Maine?
Cannabis is now Maine’s most valuable crop, besting the state’s signature agricultural products such as potatoes, milk and blueberries.
What is Portland’s biggest industry?
The Industries Fueling Portland’s Hot Job Market
- High tech. The Portland high tech industry continues to grow with high tech employee hiring reaching a 12-year high.
- Manufacturing.
- Athletic/outdoor apparel.
- Healthcare.
- Wholesale trade.
Who is the largest employer in Maine?
HANNAFORD BROS
Employment, Top 50 Employers
| 2012 | 2014 | BUSINESS |
|---|---|---|
| RANK | RANK | NAME |
| 1 | 1 | HANNAFORD BROS |
| 2 | 2 | WALMART/SAM’S CLUB |
| 2 | 3 | MAINE MEDICAL CENTER |
What is Maine’s natural resources?
Natural Resources: Maine’s important natural resources are its vast forests and its fertile soils. Granite and limestone deposits are abundant but not fully mined. One of the largest copper and zinc deposits are found in Maine but they are hard to get at.
Is Maine one of the poorest states?
Only one New England state, Maine, makes the bottom 15, while states in Appalachia, the South, and the Midwest tend to dominate.These are the 15 states with the lowest incomes in the US.
Is Maine a healthy state to live in?
Maine ranked 17th amongst the 50 states in health.The United Health Foundation has been ranking states on health since 1990.
Is Maine a good state to live in?
High Quality of Life
Maine has affordable housing and a lower low cost of living than neighboring states.United States News & World Report ranked Maine as the 1st overall safest state to live, (also 1st in the list of low violent crime and 4th in low property crime).
What are 2 major industries in Maine?
Manufacturing, services, and taxation
The service sector represents the largest component in the market value of Maine goods and services; the manufacturing sector is second. Pulp and paper products and transportation equipment constitute the largest items in manufactured goods.
How many blueberries does Maine produce?
Current Maine Wild Blueberry Production and Value
| TOTAL | USE | |
|---|---|---|
| Year | Harvested | Fresh |
| 2019 | 3,800 | |
| 2018 | 18,800 | 3.1% |
| 2017 | 17,000 | 0.5% |
What are popular jobs in Maine?
Here are the top 10 fastest growing jobs in Maine, and below, we’ll show you the top 100:
- Nurse Practitioner.
- Physician Assistant.
- Physical Therapist.
- Software Developer.
- Taxi Driver.
- Business Analyst.
- Occupational Therapist.
- Home Health Aid.
Why are blueberries popular in Maine?
Not long ago – about 10,000 years or so – the state was covered by a mile of ice. Glaciers carried much of Maine’s topsoil out to sea, and pulverized the remaining rock into sand and gravel. The remnant soil was low in nutrients and strongly acidic. And the blueberries liked it.
What growing zone is Maine?
Maine spans Plant Hardiness Zones 3-6. Each zone is based on the 30-year average of the single coldest temperature recorded each winter. Zone 3 is 10 degrees F colder than Zone 4, etc. In addition, each zone is split in half.
