June 5, 2008
Maine's GDP inches up
Maine's gross domestic product increased slightly between 2006 and 2007, according to new estimates released today by the federal Bureau of Economic Analysis.
Maine's real GDP increased 1.3% from 2006 to 2007, while New England's increased 2.1% during the same period. Meanwhile, the country's GDP increased 2% in 2007.
Maine had the 42nd lowest per capita real GDP with $30,282 in "chained 2000 dollars", an index formula the BEA uses to estimate real GDP by state. GDP is a calculation of the goods and services produced within a state.
Maine's real GDP increased 1.3% from 2006 to 2007, while New England's increased 2.1% during the same period. Meanwhile, the country's GDP increased 2% in 2007.
Maine had the 42nd lowest per capita real GDP with $30,282 in "chained 2000 dollars", an index formula the BEA uses to estimate real GDP by state. GDP is a calculation of the goods and services produced within a state.
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