Market research > 50 in 50: New hampshire

50 in 50: New Hampshire

At-a-glance snapshots of key market indicators in various market sectors and geographies.

PUBLISHED: 11/7/2022

50 in 50: New Hampshire

50 states in 50 weeks: U.S. states economic and infrastructure highlights.

Key Economic Indicators

GDP: $81.9 billion

GDP 5-year compounded annual growth rate (CAGR) (2017-2021): 2.5% (U.S.: 1.6%)

GDP per capita: $60,275 (U.S.: $58,154)

Population: 1.4 million

Population 5-year CAGR (2017-2021): 0.7% (U.S.: 0.5%)

Unemployment: 2.2% (U.S.: 3.9%)

Economic outlook ranking: #18 out of 50

Fiscal health ranking: #25 out of 50

Overall tax climate ranking: #6 out of 50

Key Sectors and Metro Areas

Top five industry sectors by 2021 GDP:

Sector

GDP ($ billions)

% of total GDP

Real estate and rental and leasing

11.6

14.2%

Manufacturing

9.0

10.9%

Professional, scientific, and technical services

7.6

9.2%

Health care and social assistance

7.4

9.0%

Finance and insurance

6.0

7.3%

Top three industry sectors by GDP 5-year CAGR (2017-2021):

Sector

GDP 5-year CAGR

Management of companies and enterprises

24.1%

Military

12.6%

Information

7.6%

Top areas by population percentage increase in 2021 vs. 2020:

Laconia, NH (Micro Area)
Keene, NH (Micro Area)
Lebanon, NH-VT (Micro Area)

Infrastructure Highlights

In New Hampshire, ports, stormwater, and wastewater infrastructure received the lowest grades based on the last ASCE report. This year, the state saw a 47 percent increase in the amount of money dedicated to roads and bridges, which allowed certain underfunded projects to get going. Additionally, 16 communities received about $18 million in grants and loans for water and wastewater projects. New Hampshire has identified over 22 projects for the $407 million in funding the state has been allocated thus far as part of the Bipartisan Infrastructure Law (BIL). Over the next five years, New Hampshire’s BIL funds will address the following categories of projects (additional funds may be deployed as federal grants get awarded to states):

Funds

Improvement Area

$1.1 billion

Roads and highways

$418 million

Water infrastructure

$225 million

Bridges replacement and repair

$125 million

Public transportation

$100 million

Broadband (minimum allocation)

$45.6 million

Airports

$17 million

Electric vehicle (EV) charging network

$12.4 million

Cyberattacks protection

$5.6 million

Wildfires protection

Construction spending (Value of Construction Put in Place – CPiP):

Private Nonresidential 2021 CPiP: $856 million; -1.1% 5-year CAGR (2017-2021), below overall U.S. CAGR of 1.4%
State & Local 2021 CPiP: $754 million; -3.9% 5-year CAGR (2017-2021), below overall U.S. CAGR of 4.0%

AE Industry

ENR 500 firm headquarters (2022): 1

M&A activity since 2018:

2 deals with buyers from New Hampshire
11 deals with sellers from New Hampshire

For customized market research, contact Rafael Barbosa at [email protected] or 972.266.4955. Connect with him on LinkedIn.

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