Economy of New Hampshire

June 29, 2010US State Economiesby EconomyWatch

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Demography And Social Indicators

New Hampshire is one of the New England States of the NE United States. The state is bordered by Massachusetts, Vermont, Connecticut R. forming the boundary, the Canadian province of Quebec, and Maine and a short strip of the Atlantic Ocean.

The state has a total geographical area of 9,350 sq mi; with a land area of 8,968 sq mi; and total acres forested 4.8 mil.

Since a very long i.e. of late 1800s the manufacturing sector has played a very significant role in the economy.

Demography And Social Indicators
The total estimated population of the state as of 2005 is 1,309,940 in comparison to 1,299,500 in July 2004. The net change in the population of the state in 2002-03 was 1.0%. According to the US Census, 2000 the total population of the state was 1,235,786.

Population density of the state was 143.6 per sq mi.

With regards to the Racial Distribution 2000: White 96.0%; Black 0.7%; Asian 1.3%; Native American 0.2%. The rate of unemployment in the state (2003) was 4.3%.

Business and Economy of New Hampshire
According to the Bureau of Economic Analysis, the Total State Product in 2003 was $49 billion with a Per capita personal income of $35,140 in the same year. Among the various sectors of the economy, the Industrial Sector includes tourism, manufacturing, agriculture, trade and mining.
Chief Manufacturing goods include machinery, electric and electronic equipment, plastics and fabricated metal products.
Major Crops are dairy products, nursery and green house products, hay, vegetables, fruit, maple syrup and sugar products.
Livestock in the state: (Jan 2004): 39,000 Cattle/calves; (Jan 2003): 2,900 hogs/pigs; (Dec 2003): 219,000 Chickens.
Energy Production In New Hampshire
Electricity Production (est. 2003, kwh by source): Coal 3.9 bil; Petroleum 2.0 bil; Hydroelectric: 331 mil.

Tourist Attraction Of New Hampshire
Tourism is the state's major industry in the present days. Many visitors come to enjoy the beaches, mountains, and lakes of New Hampshire. The important tourist places of the state are as follows:

  • Mt Washington, highest peak in Northeast;
  • Lake Winnipesaukee;
  • White Mt National Forest;
  • Pink ham Notches, all white Mt. Region;
  • Natl. Historic Site, Cornish;
  • Mt. Monadnock;
  • The Aerial tramway, Cannon Mt.
  • Shaker Village, Canterbury;

Colleges, Schools and Universities In New Hampshire

  • Antioch New England
  • Chester College of New England
  • Colby-Sawyer College
  • Granite State College
  • Daniel Webster College
  • Dartmouth College
  • Franklin Pierce College
  • Franklin Pierce Law Center
  • New England College
  • Southern New Hampshire University
  • Plymouth State University
  • Rivier College
  • Saint Anselm College
  • The Thomas More College of Liberal Arts
  • University of New Hampshire
  • University of New Hampshire at Manchester

Further Readings