What is the major industry of New Hampshire?
In New Hampshire, insurance carriers and related activities is the largest industry, accounting for 4.9% of the state’s total GDP of $87.6 billion. The industry’s annual economic output totals $4.3 billion, a 1.8% decrease over the last five years.
What industries thrived in NH?
Historically, New Hampshire’s economy was focused almost entirely on the manufacturing, agriculture and resource extraction industrial sectors.
What industries are in NH?
The largest industries which drive the country’s economy and account for the bulk of its annual GDP are its petroleum, tourism, agriculture, and mining industries.
What does New Hampshire manufacture?
New Hampshire’s leading manufactured products are computer and electronic products. Telephone equipment, computer microchips, military communication systems are also manufactured.
What are 3 major industries in New Hampshire?
Overview of the New Hampshire Economy The top three employment sectors include Health care and social assistance, Retail trade and Professional, scientific, and technical services while the unemployment rate across the state in March 2020 was 5.3%.
What are the 3 main economic sectors?
The three main sectors of industry in which a company can operate are:
- primary.
- secondary.
- tertiary.
What are the products of New Hampshire?
Greenhouse and nursery products and milk and dairy products are New Hampshire’s most important commodities. These categories add up to almost 2/3 of the state’s total agricultural production, in cash receipts. Apples, vegetables and sweet corn, and maple products round out New Hampshire’s top crops.
What was the New Hampshire Colony economy?
In towns along the coast, the colonists made their living fishing, whaling, shipbuilding and shipping. The economy of other parts of Colonial New Hampshire was based on timber products, the fur trade, maple syrup, copper, livestock products, horses, rum, whiskey and beer.