Market research > 50 in 50: Oregon

50 in 50: Oregon

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

PUBLISHED: 4/25/2022

50 in 50: Oregon

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

Key Economic Indicators

GDP: $224.4 billion

GDP 5-year compounded annual growth rate (CAGR) (2017-2021): 2.2% (U.S: 1.6%)

GDP per capita: $54,139 (U.S.: $58,154)

Population: 4.2 million

Population 5-year CAGR (2017-2021): 0.6% (U.S.: 0.5%)

Unemployment: 3.8% (U.S.: 3.9%)

Economic health ranking: #17 out of 50

Fiscal health ranking: #10 out 50

Overall tax climate ranking: #15 out of 50

Key Sectors and Metro Areas

Top five industry sectors by 2021 GDP:

Sector

GDP ($ billions)

% of total GDP

Manufacturing

34,972

15.6%

Real estate and rental and leasing

30,973

13.8%

State and local

23,182

10.3%

Health care and social assistance

19,687

8.8%

Professional, scientific, and technical services

14,839

6.6%

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

Sector

GDP 5-year CAGR

Management of companies and enterprises

8.9%

Information

8.2%

Administrative and support and waste mgmt and remediation services

4.5%

Top three metro areas by GDP:

Portland-Vancouver-Hillsboro
Salem
Eugene-Springfield

Top three areas by population 5-year CAGR (2016-2020):

Bend
Albany-Lebanon
Salem

Infrastructure Highlights

Infrastructure: ASCE Infrastructure Grade (2019): C-

In Oregon, according to the ASCE, the infrastructure for wastewater, levees, and dams are considered poor or at risk. While the state is relatively advanced in terms of renewable energy expansion, its current electric grid and petroleum transmission systems are aging and constrained. Additionally, as Oregonians plan for infrastructure investments, they have been encouraged to prepare for a potential major seismic event as another Cascadia subduction earthquake could cause major damages. Oregon will receive at least $5.4 billion from the Infrastructure Investment and Jobs Act (IIJA) over the next five years, divided into the following categories of projects (additional funds may be deployed as federal grants get awarded to states):

Funds

Improvement Area

$3.4 billion

Roads and highways

$747 million

Public Transit and Rail

$529 million

Water infrastructure

$268 million

Bridges replacement and repair

$211 million

Airports

$100 million

Broadband (minimum allocation)

$52 million

Electric vehicle (EV) charging network

$39 million

Wildfires protection

$15 million

Cyberattacks protection

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

Private Nonresidential 2020 CPiP: $6.1 billion; 14.9% 5-year CAGR (2016-2020), above overall U.S. CAGR of 2.0%
State & Local 2020 CPiP: $4.8 billion; 14.5% 5-year CAGR (2016-2020), above overall U.S. CAGR of 4.8%

AE Industry

ENR 500 firm headquarters (2021): 4

M&A activity since 2018:

16 deals with buyers from Oregon
27 deals with sellers from Oregon

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

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