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Economy of Maine







The total gross state product of Maine in 2010 was $52 billion. The state is the largest producer of blueberries in the world.
GSP $52 billion in 2010
Per Capita Income $36,717 in 2010
Unemployment Rate 7.4% in 2010
Major Sectors Agriculture, mining, transportation, services, fishing
Major Industries Tourism, ship-building, insurance and real estate, fishing, food processing, electrical equipment manufacturing

Paper, lumber and wood products, electronic equipment, leather products, food products, textiles, ship-building, construction, and bio-technology are the major sectors/industries in Maine. The total gross state product of the state in 2010 stood at $52 billion while the per capita income was $36,717. The unemployment rate was 7.4% in 2010.

The largest sector in the economy of Maine is manufacturing. The state leads in the production of paper and wood products. Food processing, transportation equipment, computer and electronic equipment are also important.

Maine is the largest blueberry producer in the world. The other agricultural products include poultry, eggs, dairy products, cattle, wild blueberries, apples, maple syrup and maple sugar. The state leads in the production of paper and wood products.

Commercial fishing is also important, with lobstering and groundfishing being the major activities. Fishing was once the mainstay of the state's economy. The state has great mineral wealth; granite, sand and gravel, gemstones, garnet, and peat are the chief minerals. However, natural and industrial resources like copper and zinc remain undeveloped.

Tourism plays an increasingly important role in the state's economy. Maine is a popular destination for sport hunting, fishing, snowmobiling, skiing, boating, camping and hiking. Old Orchard Beach, Acadia National Park's Sand Beach, Maine State Museum, Funtown, Coastal Maine Botanical Gardens are the major attractions.

The state also has a number of ship-building companies that add to the economy. The sales tax in Maine is 5%. The state also charges 7% on lodging and prepared food and 10% on short-term auto rentals.


  Maine State Profile