Oregon Economy
Oregon has one of the fastest growing economies in the nation. With important and growing industries in manufacturing, apparel, and green technologies, Oregon has a solid base in vital markets that will continue to enrich the economy moving forward.

Per capita GDP

Oregonís per capita GDP, adjusted for inflation, has been growing fairly consistentlyóand more quickly than both Washington and the U.S.-- over the past 15 years. If this trend continues, Oregon may even pass Washingtonís per capita GDP in the future.
GDP Growth

Real GDP growth in Oregon has been quite volatile, but, in all but the worst of the 2009 recession, GDP growth has remained positive. It has also generally exceeded Washington and the U.S.ís GDP growth rates. Ensuring a strong Oregon economy in the future is crucial to continuing this remarkable pattern of growth.
Household income

Oregonís median household income, adjusted for inflation, has remained relatively steady over the past 15 years and has only recently exceeded the USís real median household income. However, Oregon still trails Washington in this statistic.
Oregon Employment
Oregon's unemployment rate is one of the highest in the country; one of Oregonís biggest problems right now is that so many of its workers are out of work. However, overall unemployment has been slowly decreasing, and it is important to see where jobs are located in the economy and what industries have the highest potential for employment growth.

Unemployment

Oregonís unemployment rate has been consistently higher than both the U.S. and Washingtonís unemployment rates over the past decade. Helping businesses create new jobs is a crucial goal to decrease Oregonís unemployment.
Top 5 Industries for Oregon Employment

Oregon has many different industries driving its vibrant economy. Many Oregon jobs are within the healthcare and retail industries, but manufacturing, government, and food and lodging are also crucial for keeping Oregonians employed. Beyond these top-5 industries, many Oregonians are also employed in the production and distribution of durable goods as well as with financial-related occupations.
Oregon employment by business size

More than half of Oregonís workers are employed by companies with fewer than 100 employees, and over a quarter are employed by companies with fewer than 20 employees. As policymakers continue to adjust employment regulations, it is important to consider the many small businesses that employ the majority of Oregonians.
Oregon Exports
The Oregon economy has always had a very important export industry. Although recently the trend has shifted from logging and forestry exports to being mainly dominated by the high tech manufacturing industry, exports remain an important component of the Oregon economy.

Exports as % of GSP

The Oregon Economy is closely tied with its exports. Almost 10% of all GSP comes from Oregon exports. Although this lags significantly behind Washington's 18%, it remains a significant portion of our total GSP and should be considered an important factor when discussing Oregon's policy towards bringing in and keeping businesses with large export potential.
Export Employment

Export employment shows how much of Oregon's employment is being employed directly by the export market. This percentage does not, however, include all of the employees that work for companies that export from Oregon. If this percentage were to include all employees of companies that export it would be significantly higher. Although Oregon is below Washington in this figure, more employees are employed by exports here than in most of our geographically competitive states, and also the United States as a whole.
Oregon Exports by Sector

Oregon's export market is dominated by the manufacturing sector. Led by the high technology sector which manufactures computer and electronic products, the future of the Oregon export economy will have a large emphasis on the manufacturing sector. Besides agricultural products, that consist of all farming and forestry exports, manufacturing in chemical, machinery, and transportation make up the other large export sectors in the Oregon economy.
Key Sectors


NEWS:

Prosperity Report: Your source for economic news that matters to you.

Recent News:

Oregon employers slash 6,400 jobs in February; unemployment rate holds at 8.8% (March 21)

U.S. to impose tariffs pushed by SolarWorld on Chinese solar panels  (March 20)
More than 800,000 Oregonians received food stamp benefits in January (March 19)

Jobless Claims Fall Nationwide (March 15)

Health Insurance Will Cost More than the Typical Family Earnsin 2033, Oregon Study Predicts (March 14)

U.S. Trade Deficit Climbs 15.3 Percent in Final Quarter of 2011  (March 14)

Portland-Area Unemployment Rate Falls Below the U.S. Rate of 8.2 Percent in January (March 13)

DeFazio Touts Logging Plan to Help Finance Oregon Timber Counties  (March 12)

Economy Adds 227,000 Jobs in February, Jobless Rate Remains at 8.3 Percent  (March 12)

State Ends 3 Month Hiring Freeze  (March 11)

Oregon Trying to Lure California Food Firms  (March 10)

Brookings Institution Highlights Portland Area  (March 9)

Oregon Economic Index Improves  (March 8)

Lawmakers' Focus to Shift to Economy  (March 7)

Worker Productivity Slows as Labor Costs Rise  (March 6)

Kitzhaber's New 10-Year Energy Plan Draft Floats Big Ideas to Reactivate Green Energy  (March 5)

PacifiCorp Announces Big Lakeview Solar Project  (March 2)

More Oregon, Portland-Area Mortgages Underwater at Year End (March 1)

Economists become more confident in employment, new home construction (February 27)
 
State survey finds 5.8 job seekers for each available job (February 27)

Oregon 2012 Legislature starts final week (maybe) with jobs bills still very much in debate (February 26)
 
Oregon Legislature ensures Facebook's Prineville plant doesn't face higher taxes (February 22)

A new orchard for Apple (February 21)

Home Builders: Portland-area housing affordability highest since 2004 (February 18)

Payroll tax cut extension brings mixed vote from Oregon delegation (February 17)

Small talk: Oregon's small business regulations land in bottom-third of U.S. (February 16)

Jobless claims fall to 4-year low as unemployment applications in Oregon drop by 3,800 (February 16)

Oregon is a sales tax hater, but Curry County may use it to replace federal timber funding (February 15)

Lawmakers unveil details for replacing Oregon's timber payments program (February 15)

Oregon state economic forecast: Tax revenues down another $35 million (February 8)

Solar carnage hits suppliers, as Sanyo, Sumco, Schott cut manufacturing, causing jitters downstream (February 7)

Oregon's 2012 Legislature considering more than a dozen jobs bills, but don't expect miracles (February 5)

Federal money allocated for eastern Oregon forest projects to keep or create more than 200 jobs (February 4)

Oregon assures Facebook it won't get hit with extra taxes (February 2)

Democratic, Republican economic agendas put forth (February 1)

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

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For media inquiries, please contact:

JL Wilson
Vice President, Government Affairs
Associated Oregon Industries
1149 Court St NE
Salem, OR  97301
Tel:  1.503.588.0050
Email:
 jlwilson@aoi.org