Maine's GDP up slightly in 2012
Maine's manufacturing, construction and wholesale and retail trade industries led the state's modest growth in real gross domestic product of 0.5% last year, according to data from the U.S. Bureau of Economic Analysis.
The latest figures put Maine's GDP growth 44th nationally. In total, Maine's output was estimated at about $45.8 billion.
Maine's 0.5% GDP growth trails the national average of 2.5% in through 2012 and the New England average of 1.2%.
The data shows wholesale trade increased 5.1%, manufacturing 4.0%, construction 5.1% and retail trade 2.7%. Over the same time, real estate, rental and leasing showed a 1% drop.
The latest advance figures are still subject to revision. Figures were adjusted by 0.8 percentage points in 2011 and by 1.4 points in 2010.
Most Recent
Most Recent
Comments