Economic Outlook Rank Oregon is currently ranked 41st in the United States for its economic outlook.
How strong is Oregon’s economy?
The Gross Domestic Product (GDP) of Oregon in 2021 was $270.12 billion; it is United States’ 25th wealthiest state by GDP. The state’s per capita personal income in 2021 was $59,484. As of November 2021, the state’s unemployment rate is 4.2%. Oregon ranks 37th in the nation for unemployment.
How is Oregon doing economically?
Oregon’s economy entered the 2019–2021 biennium with job growth that was faster than the nation, and unemployment rates that were at historic lows. Oregon’s job growth slowed in the autumn of 2019, however, and by the end of 2019 job growth was lagging behind the nation slightly.
What state has the strongest economy?
Washington topped the list of best state economies, ranking third on economic activity, seventh on economic health, and second on innovation potential. Utah and California rounded out the top three state economies. At the bottom of the list were Louisiana, Alaska, and West Virginia.
What is Oregon’s main source of income?
The personal income tax is the largest source of state tax revenue, expected to account for 86% of the state’s General Fund for the 2019–21 biennium. Oregon’s taxable income is closely connected to federal taxable income.
Is Oregon a poor state?
In 2018, after eight years of uninterrupted economic growth, Oregon’s poverty rate stood at 13 percent, meaning that more than one in 10 Oregonians met the official definition of poverty and likely lacked one or more basic needs. [3] This represents more than 516,000 Oregonians, including 134,000 children.
What is the number 1 industry in Oregon?
Tourism. Tourism is one of the leading industries in this state, which is centered on Oregon’s natural features, including lakes, beaches, rivers, mountains, waterfalls, and forests.
What is the biggest industry in Oregon?
In Oregon, computer and electronic product manufacturing is the largest industry, accounting for 6.3% of the state’s total GDP of $253.6 billion. The industry’s annual economic output totals $16.1 billion, a 15.5% increase over the last five years.
Where does Oregon rank in healthcare?
#17
Oregon Rankings
| Health Care | #17 |
|---|---|
| Education | #35 |
| Economy | #14 |
| Infrastructure | #2 |
| Opportunity | #31 |
Is Oregon a healthy state?
Oregon often has a reputation of being a healthy state, with an abundance of opportunities for outdoor activities.
What state in the US has the worst economy?
GDP per capita also varied widely throughout the United States in 2021, with New York ($93,463), Massachusetts ($91,130), and Washington state ($86,265) recording the three highest GDP per capita figures in the U.S, while Mississippi ($42,411), Arkansas ($47,770), West Virginia ($49,017) and recorded the three lowest
What state has the best quality of life?
Washington. Washington state has the highest quality of life in all 50 states. The state has no income tax, a thriving job market, and great international business opportunities. Residents enjoy one of the nation’s longest life expectancies, likely in part of their strong healthcare system and lifestyle habits.
What state has the fastest growing economy?
Here are the states with the fastest-growing economies.
- Tennessee. Updated Jun 4, 2022.
- Utah. Updated Jun 4, 2022.
- Indiana. Updated Jun 4, 2022.
- South Carolina. Updated Jun 4, 2022.
- Arkansas. Updated Jun 4, 2022.
- New Hampshire. Updated Jun 4, 2022.
- Kentucky. Updated Jun 4, 2022.
- Maine. Updated Jun 4, 2022.
Who is the largest employer in Oregon?
Major Employers Ranked by Employment
| Number | Name | Regional Employees |
|---|---|---|
| 1 | Intel | 22,000 |
| 2 | Providence Health & Services | 21,000 |
| 3 | Oregon Health & Science University | 18,048 |
| 4 | Nike | 13,964 |
Is Oregon a good place to live?
What is the best city in Oregon to live in? In 2021, U.S. News and World Report ranked Portland as the safest place to live in the country and the 8th for best places to live. It is also one of the environmentally greenest cities in the U.S. This is impressive since it is also the state’s largest city.
What income is taxed in Oregon?
Oregon has a graduated individual income tax, with rates ranging from 4.75 percent to 9.90 percent. There are also jurisdictions that collect local income taxes. Oregon has a 6.60 percent to 7.60 percent corporate income tax rate and levies a gross receipts tax.
What is the poorest town in Oregon?
One of the highest poverty counts is in rural Josephine County, in the Cave Junction area. Another is located in Redmond, in Deschutes County. High Poverty areas can happen in any part of the state, regardless of overall economic conditions.
What are the 10 poorest states in the US?
These states and territories have the highest percentages of poverty in the country: Mississippi, Louisiana, New Mexico, Kentucky, Arkansas, West Virginia, Alabama, the District of Columbia, South Carolina, and Georgia.
What is America’s poorest state?
Mississippi
Mississippi. Mississippi is the poorest U.S. state, with 18.8% of its residents living in poverty. The state also has the highest child poverty rate, with 27.9% of its under-18 population meeting federal poverty guidelines.
What is the biggest export from Oregon?
The state’s largest manufacturing export category is computer & electronic products, which accounted for $7.5 billion of Oregon’s total goods exports in 2018.
What is Oregon good for?
Diverse natural scenery
Oregon is home to several parks, lakes, mountains, forests, and even deserts. With Alvord Desert located in the south-east portion of the state, you can explore unique scenery that makes it easy to forget you’re in the Pacific Northwest.