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Economic Summary of Maine

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The GDP for Maine was $53 billion in 2012[1]. Maine had an estimated population of 1.329 million as of 2012[2]. The GDP per capita was $34,597 in 2012[3].

Counties

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There are 16 counties in Maine. Below are the top ten localities ranked by population in 2010

Rank Locality Population 2010
1 Cumberland 281,674
2 York 197,131
3 Penobscot 153,923
4 Kennebec 122,151
5 Androscoggin 107,702
6 Aroostook 71,870
7 Oxford 57,833
8 Hancock 54,418
9 Somerset 52,228
10 Knox 39,736

Cities

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Top 10 cities in Maine by estimated city proper population in 2010.[4]

Rank City Locality Population 2010
1 Portland 66,194
2 Lewiston 36,592
3 Bangor 33,039
4 South Portland 25,002
5 Auburn 23,055
6 Biddeford 21,277
7 Augusta 19,136
8 Saco 18,482
9 Westbrook 17,494
10 Waterville 15,722

Industries

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Maine industries by GDP 2012.[5]

Industry GDP value added $ billions 2012 % of total GDP
Government 7.41 13.81%
Real estate and rental leasing 7.37 13.73%
Health care and social assistance 6.18 11.52%
Retail trade 4.54 8.46%
Finance and insurance 4.07 7.58%
Non-durable manufacturing 2.98 5.55%
Professional, scientific, and technical services 2.89 5.39%
Wholesale trade 2.70 5.03%
Durable manufacturing 2.52 4.69%
Construction 2.07 3.86%
Administrative and waste support services 1.48 2.76%
Transportation and warehousing 1.25 2.33%
Accommodation and food services 2.00 3.73%
Other private services 1.28 2.39%
Utilities 1.05 1.96%
Information 1.01 1.88%
Agriculture, forestry, fishing and hunting 0.81 1.51%
Management of companies and enterprises 0.78 1.45%
Educational services 0.75 1.40%
Arts, entertainment, and recreation 0.51 0.95%
Mining 0.01 0.02%
Total 53.66 100%

Employment

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Maine employment by industry in June 2013.[6]

Industry Employment thousands June 2013 Percent of total employment
Education & health services 120.4 20.03%
Trade, transportation and utilities 119.2 19.83%
Government 98.9 16.46%
Leisure & hospitality 64.8 10.78%
Professional & business services 59.2 9.85%
Manufacturing 50.8 8.45%
Financial activities 30.9 5.14%
Construction 26.1 4.34%
Other services 19.7 3.28%
Information 8.4 1.40%
Mining and logging 2.6 0.43%
Total non-farm 601.0 100%

Corporations

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Top 10 Maine based corporations by revenue in 2012[7]

There are no Fortune 500 companies in Maine. No companies had a revenue over 4.769 billion in 2012.

Rank Corporation Revenue $ millions 2012 Profit $ millions 2012 Assets 2012 Debt Ratio 2012 Headquarters Employees 2012 Market cap 3/29/12 $ billions Industry
1
2
3
4
5
6
7
8
9
10

Government Finances

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In 2011, the state government of Maine had total revenue of _____ billion. Total expenditures were _____ billion.[8]

The total debt outstanding in 2011 was _____ billion[9] (____% of GDP[10]).

The total cash and security holdings in 2011 was _____ billion[11].

Revenue by Source $ millions Percent of revenue
Intergovernmental revenue from Federal Government
Intergovernmental revenue from local governments
Property taxes
Sales and gross receipts
Individual income tax
Corporate income tax
Motor vehicle license
Other taxes
Charges and miscellaneous general revenue
Utility revenue
Liquor store revenue
Insurance trust revenue
Total 100%
Expenditure $ millions Percent of expenditure
Intergovernmental expenditure
Education
Libraries
Public welfare
Hospitals
Health
Employment security administration
Veterans' services
Highways
Air transport
Parking facilities
Sea and inland port facilities
Police protection
Fire protection
Correction
Protective inspection and regulation
Natural resources
Parks and recreation
Housing and community development
Sewerage
Solid waste management
Financial administration
Judicial and legal
General public buildings
Other governmental administration
Interest on general debt
Miscellaneous commercial activities
Other and unallocable
Utility expenditure
Liquor store expenditure
Insurance trust expenditure
Total 100%

Financial Institutions

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Top ten banks by assets in Maine[12]

Rank Bank Assets $ millions 3/31/13 Profit $ millions _____ Headquarters Employees
1 TD Bank US Holding Company 222,716 Portland
2
3
4
5
6
7
8
9
10

References

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http://meta.wikimedia.org/wiki/Global_Economic_Map