Oregon economic development, GDP size and rank

The economy of Oregon has grown from a $112 billion economy in year 2000 to a more than $160 billion economy during this decade.

Oregon economic development and output

The economic output of the state of Oregon was $162 billion in 2008. That figure is based on current 2008 dollars (nominal GDP), while the inflation adjusted GDP, real GDP, based on prices in the year 2000, was $147 billion in 2008, according to data from the U.S. Department of Commerce.

The data for economic growth show Oregon GDP grew at 2.1% in nominal terms in 2008 compared to 2007, in real terms the growth was 1.6%.

During the years of 2000-2008, Oregon GDP grew at an annual rate of 4.6% in nominal terms and in real terms the economy grew by 3.4%.

Oregon economy rank

The Oregon economy is the 26th largest in the United States, behind Alabama and ahead of Kentucky.

Manufacturing

Manufacturing led all sectors in the state's economy. Manufacturing contributed $30.2 billion in economic development in 2008, that's 18.7% of the total economic output of Oregon.

Real estate

Coming in second adding $21.2 billion, the real estate sector was responsible for 13.1% of the Oregon economy in 2008.

Government, healthcare, wholesale trade

Government accounted for 12.8% of the economic output with a contribution of $20.7 billion.

Ranking fourth and fifth biggest sectors in the state were healthcare $13 billion and wholesale trade $10.5 billion, respectively.

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Oregon economic development GDP
Portland, Oregon flickr/StuSeeger