Economy of Vermont State

June 29, 2010US State Economiesby EconomyWatch

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Demography And Social Indicators

Vermont is one of the New England states of the North East United States. The state is bordered by New Hampshire, across the Connecticut R., Massachusetts, New York, with Lake Champlain forming almost half the border, and the Canadian province of Quebec.

The state has a total geographical area of 9,614 sq mi; with a land area of 9,250 sq mi; and total acres forested 4.6 mil.

Dairy farming in the agriculture sector and nonelectric machinery, machine tools, and precision instruments in the manufacturing sector have contributed a lot to the economy.

Demography And Social Indicators
The total estimated population in the state as of 2005 is calculated at 623,050 in comparison to 621,394 in July 2004. The net change in population 2002-03 was 0.4%.According to the US Census 2000, the total population in the state was 608,827.Population density in the state was 66.9 per sq mi.With regards to the Racial Distribution 2000, White 96.8%; Black 0.5%; Asian 0.9%; Native American 0.4%.

Business and Economy of Vermont
The Gross state product in 2001 was $19.1 billion. The per capita personal income in 2003 was $30,740.

Chief Industries in the economy include manufacturing, tourism, agriculture, trade, finance, insurance, real estate and the Government.

Important manufacturing goods are machine tools, furniture, scales, computer equipment, books and the speciality foods.

The Major Crops in the state are dairy products, apples, maple syrup, green house/nursery, vegetables and fruits.

Livestock in the state (Jan 2004): 285,000 cattle/calves; (Jan 2003): 2,100 hogs/pigs; (Dec 2003): 199,000 chickens.

Apart from this state's most valuable mineral resources are stone, asbestos, sand and gravel, and talc.

Energy Production In Vermont
Electricity production (est. 2003, kwh by source): Gas 2 mil; Hydroelectric 342 mil; Other 234 mil.

Tourist Attraction Of vermont
It is one of the largest industries in the state. In the winter season sky resorts like Stowe, Killington Ski Resort, Mad River Glen, Stratton, Jay Peak draw so many tourists around the Globe. The important tourist places of the state are as follows:

  • Shelburne Museum;
  • Rock of Ages Quarry; Graniteville;
  • Vermont Marble Exhibit, Proctor;
  • Benington Battle Monument;
  • Pres. Calvin Coolidge Homestead, Plymouth;
  • Maple Grove Maple Museum.

Colleges, Schools and Universities In vermont

  • Bennington College
  • Burlington College
  • Champlain College
  • College of St. Joseph
  • Community College of Vermont
  • Green Mountain College
  • Johnson State College
  • Landmark College
  • Lyndon State College
  • Marlboro College
  • Middlebury College
  • New England Culinary Institute
  • Norwich University
  • School for International Training
  • Southern Vermont College
  • University of Vermont
  • Vermont Law School
  • Vermont Technical College

Further Readings