GDP
Maine's gross domestic product reached approximately $88.0 billion in 2023, ranking 42nd among U.S. states.
Real GDP (chained 2017 dollars)
1997–2025BEA, chained 2017 dollars (FRED MERGSP).
| Indicator | Maine | U.S. |
|---|---|---|
| GDP (billions USD) | 88 | 27700 |
- •Maine's GDP per capita trails the national average despite steady economic growth.
GDP Growth
Maine's real GDP grew by about 1.8% in 2023, slightly below the national growth rate.
Real GDP growth
1998–2025Annual % change in BEA real GDP (MERGSP).
| Indicator | Maine | U.S. |
|---|---|---|
| Real GDP growth (%) | 1.8 | 2.5 |
- •Healthcare and social assistance is now Maine's largest employment sector.
Personal Income
Maine's total personal income reached about $84.6 billion in 2023, with per capita personal income of $60,120.
Per capita personal income
1970–2025BEA, current dollars (FRED MEPCPI).
| Indicator | Maine | U.S. |
|---|---|---|
| Per capita personal income (thousands USD) | 60.1 | 65.4 |
- •Transfer payments, including Social Security, make up a notably high share of Maine personal income given its older population.
Median Household Income
Maine's median household income was $71,773 in 2023, slightly below the national median.
Median household income (CPS)
1984–2025Census CPS ASEC, current dollars (FRED MEHOINUSMEA646N).
| Indicator | Maine | U.S. |
|---|---|---|
| Median household income (thousands USD) | 71.8 | 77.7 |
- •Maine's median household income has grown faster than inflation since 2020.
Poverty Rate
Maine's poverty rate was 11.4% in 2023, close to the national average of 11.1%.
Poverty rate, all ages (SAIPE)
1989–2024Census Small Area Income and Poverty Estimates (FRED PPAAME23000A156NCEN).
| Indicator | Maine | U.S. |
|---|---|---|
| Poverty rate (%) | 11.4 | 11.1 |
- •Poverty rates in rural Maine counties like Washington and Piscataquis exceed 15%.
Inflation
Consumer prices in the Northeast region, including Maine, rose about 3.1% year-over-year in 2023, per BLS data.
CPI inflation, U.S.
2007–2024BLS CPI-U U.S. city average, annual average change (CPIAUCNS).
CPI inflation, Northeast region
2007–2025BLS CPI-U all items, Northeast region, annual average change (CUUR0100SA0).
| Indicator | Maine | U.S. |
|---|---|---|
| CPI change (%) | 3.1 | 4.1 |
- •Maine's heavy reliance on heating oil, used by 55% of households, makes it sensitive to energy price inflation.
Economic Output
Maine's private industry economic output grew moderately in 2023, led by finance, insurance, and healthcare sectors.
Nominal GDP (current dollars)
1997–2025BEA, current dollars (FRED MENGSP).
| Indicator | Maine | U.S. |
|---|---|---|
| Private-sector GDP (billions USD) | 76.4 | 24500 |
- •Finance and insurance now contribute more to Maine's economy than its historic forestry industry.
Industry Breakdown
Healthcare and social assistance is Maine's largest industry by employment, followed by retail trade and manufacturing.
Government jobs
1990–2025BLS Current Employment Statistics, annual average (FRED MEGOVT).
Manufacturing jobs
1990–2025BLS Current Employment Statistics, annual average (FRED MEMFG).
Construction jobs
1990–2025BLS Current Employment Statistics, annual average (FRED MECONS).
| Indicator | Maine | U.S. |
|---|---|---|
| Healthcare employment share (%) | 17.5 | 13.9 |
- •Maine's lobster industry, while iconic, employs a small fraction of workers compared to healthcare.