Gross Domestic Product
In 2021, Maine's GDP rose 5%, resuming growth after its 2020 slump.
Favorable movement since the last available data
Benchmark: The growth of Maine’s GDP will outpace that of New England and the U.S.
Overview
Gross domestic product (GDP) provides a sense of Maine’s overall economic performance. It reflects the market value of all goods and services produced in the state and some nonmarket goods and services provided by government agencies and nonprofit institutions.
In 2021, Maine’s GDP recovered from its pandemic slump, growing 5.2% adjusted for inflation. Maine’s growth ranked 24th of the U.S. states and was just shy of the national and New England growth rates of 5.7% and 5.8%. Over the past decade, Maine’s GDP growth has kept pace with the New England rate but trailed the U.S..
Real estate, government, professional and business services, and health care and social assistance together made up over one-half of Maine’s GDP in 2021.
Fig. A
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Real Gross Domestic Product Growth Rate
U.S. Bureau of Economic Analysis
Fig. B
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Maine's Gross Domestic Product by Major Industry Sector 2021
U.S. Bureau of Economic Analysis