Economy of New Hampshire

By | March 4, 2023

New Hampshire is a small state in the northeastern part of the United States. It is bordered by Massachusetts and Vermont to the south, Maine and the Atlantic Ocean to the east, and Canada to the north. The state has a population of just over 1.3 million people and an area of 9,349 square miles.

The economy of New Hampshire is largely based on services, trade, and manufacturing. The unemployment rate in New Hampshire is lower than the national average, standing at 3.2% as of July 2019. This low rate reflects the generally healthy economic climate within the state.

New Hampshire’s largest industry is tourism, which contributes approximately $5 billion to its economy each year. Tourism draws visitors from all over the world to experience its many attractions such as its mountains, lakes, and seacoast beaches.

The manufacturing sector also plays an important role in New Hampshire’s economy with products such as electronics, medical instruments, aerospace components, furniture, paper products and clothing being produced in various locations throughout the state. Additionally, there are many high-tech firms located in New Hampshire that are involved in research and development for new products or technologies related to information technology (IT), biotechnology or nanotechnology industries.

The retail sector also provides a significant contribution to New Hampshire’s economy with retail sales accounting for more than $20 billion annually as of 2018. The largest employers in this sector include Walmart Supercenters and other large discount stores located across the state which sell everything from groceries to apparel and household items at competitive prices.

New Hampshire also has a strong agricultural industry consisting of dairy farms producing milk and cheese products; fruit farms growing apples; vegetable farms producing potatoes; livestock farms raising cattle; poultry farms raising chickens; maple syrup producers tapping trees for sap; wineries producing wine; Christmas tree growers providing fresh trees during December; hay producers supplying feed for animals; seafood farmers raising fish; beekeepers harvesting honey; Christmas wreath makers making wreaths during December; blueberry farmers harvesting blueberries during summer months; cranberry farmers harvesting cranberries during autumn months; sheep farmers raising sheep for wool production etcetera Additionally there are several craft breweries located throughout New Hampshire that produce craft beer for local consumption or export around the world.

Finally, energy production also plays an important role in New Hampshire’s economy with hydroelectric power plants providing electricity from rivers throughout northern parts of the state while coal fired power plants provide energy from coal mined from southwestern parts of New Hampshire. In addition natural gas reserves provide additional energy sources.

Overall, due its diverse mix of industries, small size, low unemployment rates, healthy tourism sector, low taxes, business friendly environment, excellent quality of life, relatively affordable housing prices & proximity to major cities like Boston & Montreal; New Hampshires economy remains stable & vibrant despite occasional periods recessionary pressures.

Top 3 Counties in New Hampshire

According to, main counties in New Hampshire include:

1. Hillsborough County: Hillsborough County is the most populous county in New Hampshire, with a population of nearly 400,000 people. It is located in the southern part of the state and is home to several major cities, including Manchester, Nashua and Goffstown. The county is well known for its many universities and colleges, including Southern New Hampshire University and the University of New Hampshire. Outdoor recreation opportunities abound in Hillsborough County, from skiing and snowboarding at Pat’s Peak to paddling on the Contoocook River. There are also numerous state parks in the area that offer camping, hiking and other outdoor activities.

2. Rockingham County: Rockingham County is located in southeastern New Hampshire along the Seacoast region of the state. It has a population of nearly 300,000 people and includes several major cities such as Portsmouth, Exeter and Hampton. The county has a strong economy with several large employers such as General Electric and Liberty Mutual Insurance Group having a presence there. Rockingham County also offers many recreational opportunities including some excellent beaches along its coastlines as well as hiking trails through its mountainous terrain.

3. Strafford County: Strafford County is located in eastern New Hampshire near the border with Maine and has a population of around 130,000 people. It includes several small towns such as Rochester, Dover and Somersworth that are popular destinations for tourists visiting from nearby states like Massachusetts or Maine. The county’s economy relies heavily on tourism due to its proximity to attractions like Lake Winnipesaukee or Mount Washington State Park which both attract visitors from all over New England throughout the year. Strafford County also offers plenty of outdoor activities such as fishing or kayaking on one of its many rivers or lakes for those looking for an adventure close to home.

Economy of New Hampshire