The economy of Hampshire is driven mostly by tourism. The state does not have any personal income tax.
The leading industry in New Hampshire is tourism generating immense revenue. Winnipesaukee Lake, Mount Washington State Park, and Merrimack Valley are the major attractions. The gross domestic product of the state in 2010 was $61,600, while the per capita income stood at $44,084. The industrial products that generate the maximum revenue are electric equipment, plastic products, machinery, and rubber products.
Agriculture is important and the major agricultural products include apples, eggs, dairy products, and greenhouse products. Manufacturing has been important since the nineteenth century. The textile mills and factories, high-technology firms, fabricated metals and plastics, computer and electronic products are the leading manufactured goods.
Mining also adds to the revenue of the state, with sand and gravel being the leading mined products. New Hampshire does not levy any personal state income tax. In October 2010, the unemployment rate of the state was 5.4%.
| GDP |
$61,600 in 2010 |
| Per Capita Income |
$44,084 in 2010 |
| Unemployment Rate |
5.4% in 2010 |
| Major Sectors |
Agriculture, manufacturing, services, mining, education |
| Major Industries |
Tourism, machinery, electrical equipment, insurance, banking |
