In 2021 value-added per worker rose 2%, but remained 23% below the U.S. average.
Favorable movement since the last available data
Benchmark: Maine’s value-added per worker will improve to within 15% of the U.S. average by 2030.
This indicator measures the productivity of workers by dividing gross domestic product by the total number of part- and full-time workers. Maine has a relatively high share of part-time workers, which lowers our value-added per worker. Productivity also reflects skill levels, business costs, and a region’s mix of industries.
Worker productivity in Maine is low but increasing. It ranked 43rd among the 50 states in 2021, up from 48th five years earlier. Adjusted for inflation, value-added rose 2% to $115,000 per worker. This exceeded the average growth of EPSCoR* states but trailed the U.S. and New England. By this measure, Maine is about 23% behind the national average.
Both the Council and the State’s 10-Year Economic Strategy draw attention to the importance of increasing value-added to grow Maine’s economy and boost wages. The Council seeks for Maine to be within 15% of the U.S. average by 2030, while the State strives for 10% absolute growth.
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Real Value-Added per Worker
U.S. Bureau of Economic Analysis