Economy of Massachusetts State

By: EconomyWatch   Date: 30 June 2010

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Demography And Social Indicators

Massachusetts a populous of the New England states. The state is bordered by New York, Vermont and New Hampshire, the Atlantic Ocean, Road Island and Connecticut.

The state has total geographical area of 10,555 sq mi; with a land area of 7,840 sq mi; and total acres forested 3.1 mil.

The economy performance of the state largely relied upon the High Technology research and development, finance and trade.

Demography And Social Indicators
The total estimated population of the state in 2005 was 6,398,743 in comarison to 6,416,505 in July 2004. The net change in the population of the state in 2002-03 was 0.2%. According to the US Census 2000, the total population of the state is 6,349,097. The population density of the state was 820.6 per sq mi.

With regards to the Racial Distribution (2000): White 84.5%; Black 5.4%; Asian 3.8%; Native American 0.2%.

Business and Economy of Massachusetts

According to the Bureau of Economic Analysis, the total state product in 2003 was US$297 billion. The per capita personal income of the state in 2004 was US$42,102.

The Chief Industries of the state are services, trade and manufacturing.

Important Manufacturing goods of the state are electric and electronic equipment, instruments, industrial machinery and equipment, printing and publishing and fabricated metal products.

Leading crops of the state are cranberries, greenhouse, nursery and vegetables.

Livestock (Jan 2004): 48,000 cattle/calves; (Jan 2003): 14,500 hogs/pigs; (Dec 2003): 280,000 Chickens.

More over the service sector of the economy gives more employment to the peoples.

Energy Production In MassachusettsElectricity production (est 2003, kwh by source): Petroleum: 282 mil; Gas: 217 mil.

Tourist Attraction Of Massachusetts
Tourism sector plays a very significant role in the economy.The important tourist places of the state are as follows: Provincetown Artists Colony;

  • Cape Cold;
  • Plymouth Rock, plimouth Plantation,all plimouth;
  • Freedom Trail,
  • Isabella Stewart Gardner Museum,
  • Museum of fine Arts,
  • Boston Symphony Orchestra, all boston;
  • Jacob's Pillow dance festival,
  • Hancock Shaker Village,
  • Norman Rockwell Museum,
  • Salem,
  • Old Sturbridge Village;
  • Deerfield Historic District;
  • Walden Pond;
  • Naismith Memorial Basketball Hall of fame.

Colleges, Schools and Universities In Massachusetts

  • Amherst College
  • Berklee College of Music
  • Bentley College
  • Boston College
  • Boston University
  • Brandeis University
  • College of the Holy Cross
  • Emerson College
  • Harvard University
  • Massachusetts College of Art
  • Massachusetts Institute of Technology
  • Mount Holyoke College
  • Radcliffe College
  • University of Massachusetts Amherst
  • University of Massachusetts Boston
  • University of Massachusetts Dartmouth
  • University of Massachusetts Lowell
  • University of Massachusetts Medical School
  • Wellesley College

Further Readings


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