Economic Data for Vermont

Gross Domestic Product

Real GDP (a measure of economic growth) peaked in 2008 at $26 billion and began growing again after 2009. Real GDP is currently $28 billion.

 

 

Jobs

Vermont private-sector employers have added 19,000 since February 2010, the national low point for private-sector employment. From 2017 to 2018, however, the Vermont private sector has not added any jobs. Average hourly wages in the private sector have increased from $22.75/hr to $25/hr from 2010-2018.

 

 

Manufacturing employment has declined steadily since 2002, especially during the 2008 recession. There are currently 29,000 jobs in this sector in 2018, down from 46,000 in 2000. Average hourly wages of production employees have increased, up from $16.50/hr in 2010 to $21/hr in 2018.

 

 

Transportation and Warehousing employment has remained steady since 2010, fluctuating around 6,500 workers in 2010 to 7,000 workers in 2018. The average wage in the Transportation, Trade and Utilities sector was $21.50/hr in 2018, up from $19/hr in 2010.

 

 

Unemployment

The unemployment rate in Vermont is 3.9%, slightly down from the year before. Vermont is at the national average of 3.9% unemployment.

 

 

Housing

The Vermont House Price Index skyrocketed from 250 in 2000 to 450 in 2008, where it has remained steady since then, reflecting a new norm of high housing costs in Vermont.