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US State economic profile
New Hampshire - Economic Profile
Statistics, economic information and rankings for the Granite State
In 2026, the state of New Hampshire has a population of 1,423,446, having grown an annualized 0.5% over the five years to 2026, which ranks it 29th out of all 50 US states by growth rate. New Hampshire's gross state product (GSP) in 2026 reached $97.5b, with growth of 1.5% over the 5 years to 2026. Businesses in New Hampshire employed a total of 842,726 people in 2026, with average annual employment growth over the past five years of 1.6%. The top three sectors by total employment are Real Estate & Rental & Leasing, Professional, Scientific & Technical Services, Healthcare & Social Assistance, while the unemployment rate across the state in 2026 was 3.4%.
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State economic profile
New Hampshire Economic Overview
$97.5b
Gross state product
1,423,446
Population
171,067
Businesses
What is New Hampshire's Gross Domestic Product (GDP)?
In 2026, New Hampshire's GDP reached $97.5b, representing an increase of 1.5% from 2025. New Hampshire's GDP has grown at an annualized rate of 1.5% over the five years to 2026. Moreover, New Hampshire's trailing five-year GDP growth ranks it 40th out of all 50 US states.
State GDP, or Gross State Product, is a measurement of a state's output, or the sum of value added from all industries in the state. It is a common indicator used to track the health of a state's economy.
You can track trends in New Hampshire's GDP, and compare them to the national average, using the chart below.
State economic profile
New Hampshire Industry Trends
Learn about current trends affecting the most significant industries for New Hampshire's state economy, down to the county level. IBISWorld offers state industry research reports on over 30,000 industries across all 50 states in the US, including 624 industries in New Hampshire.
What are New Hampshire's Largest Industries by Revenue?
The largest industries by revenue in New Hampshire are Property, Casualty and Direct Insurance, New Car Dealers and Public Schools, which generated $8.3b, $7.8b and $7.7b in 2026.
| Industry | 2026 revenue | |
|---|---|---|
| 1. | Property, Casualty and Direct Insurance | $8.3b |
| 2. | New Car Dealers | $7.8b |
| 3. | Public Schools | $7.7b |
| 4. | Hospitals | $6.9b |
| 5. | Supermarkets & Grocery Stores | $5.4b |
| 6. | Health & Medical Insurance | $5.3b |
| 7. | Colleges & Universities | $5.2b |
| 8. | Gasoline & Petroleum Bulk Stations | $4.9b |
| 9. | Life Insurance & Annuities | $4.5b |
| 10. | Warehouse Clubs & Supercenters | $4.1b |
State economic profile
Top Companies in New Hampshire
Learn about current trends affecting the top companies in New Hampshire. IBISWorld offers benchmarking data and tools on over 5,000 companies in the US.
Top 10 Companies Headquartered in New Hampshire by Employment
The largest companies by employment in New Hampshire are DeMoula's Supermarkets Inc., Walmart Inc. and Dartmouth Hitchcock Medical Center and Clinics, which employed 9,000, 8,297 and 8,280 people in 2026.
| Company | 2026 employment | Share of employment | |
|---|---|---|---|
| 1. | DeMoula's Supermarkets Inc. | 9,000 | 1.1% |
| 2. | Walmart Inc. | 8,297 | 1.0% |
| 3. | Dartmouth Hitchcock Medical Center and Clinics | 8,280 | 1.0% |
| 4. | Fidelity Investments Inc. | 7,000 | 0.8% |
| 5. | Bae Systems Plc | 6,500 | 0.8% |
| 6. | Liberty Mutual Insurance Group Inc. | 5,000 | 0.6% |
| 7. | Hannaford Bros. Co., LLC | 4,650 | 0.6% |
| 8. | Dartmouth College | 4,607 | 0.5% |
| 9. | University of New Hampshire | 3,051 | 0.4% |
| 10. | Catholic Medical Center | 3,000 | 0.4% |
State economic profile
New Hampshire Sector Statistics
In New Hampshire, certain sectors drive a higher share of state GDP and employ more workers than others. However, simply looking at raw numbers doesn't always tell the whole story. Factoring in the current year growth percentage, in addition to the annualized growth percentage over the past five years, will give you a deeper understanding of the economic situation.
What is New Hampshire's GDP by Sector?
The Real Estate & Rental & Leasing, Professional, Scientific & Technical Services and Healthcare & Social Assistance sectors contributed the most to New Hampshire's GDP in 2026, representing a combined 41.1% of state GDP.
GDP trends by sector are an important indicator of which sectors are contributing the most value-add to the state economy, in addition to how the state economy is evolving over time.
| Sector | GDP | Growth 2026 | Annualized growth 2021-26 |
|---|---|---|---|
| Real Estate & Rental & Leasing | 16,350,803,850 | 4.6% | 5.3% |
| Professional, Scientific & Technical Services | 13,626,875,791 | 9.3% | 9.4% |
| Healthcare & Social Assistance | 9,490,453,803 | 3.0% | 3.2% |
| Retail Trade | 7,706,869,378 | 4.9% | 4.3% |
| Manufacturing | 7,079,072,672 | -3.8% | -4.3% |
| Wholesale Trade | 6,311,381,008 | 1.6% | 1.2% |
| Information | 6,219,860,417 | 9.1% | 9.2% |
| Finance & Insurance | 5,702,207,103 | -2.1% | -1.8% |
| Administration, Business Support and Waste Management Services | 5,149,165,583 | 8.9% | 9.8% |
| Accommodation & Food Services | 4,242,570,591 | 5.7% | 6.2% |
| Management of Companies and Enterprises | 3,042,489,359 | 14.2% | -7.9% |
| Construction | 2,583,888,737 | -0.2% | -0.8% |
| Educational Services | 2,225,606,885 | 2.2% | 2.8% |
| Other Services (except Public Administration) | 2,006,844,749 | 0.7% | 1.2% |
| Transportation & Warehousing | 1,547,461,215 | 2.4% | 1.0% |
| Arts, Entertainment & Recreation | 1,426,480,455 | 5.6% | 5.8% |
| Utilities | 1,042,048,791 | -3.4% | -2.7% |
| Agriculture, Forestry, Fishing & Hunting | 223,577,370 | -0.4% | 2.2% |
| Mining | 133,999,108 | 0.5% | 4.8% |
What is New Hampshire's Employment by Sector?
The Healthcare & Social Assistance, Retail Trade and Educational Services sectors contributed the most to employment in New Hampshire in 2026, representing a combined 39.9% of state employment.
Employment trends by sector are an important indicator of which sectors are growing or contracting most rapidly relative to the state economy as a whole.
| Sector | Employment | Growth 2026 | Annualized growth 2021-26 |
|---|---|---|---|
| Healthcare & Social Assistance | 121,511 | 2.3% | 1.7% |
| Retail Trade | 120,267 | 0.6% | 1.3% |
| Educational Services | 94,611 | 0.4% | 2.1% |
| Administration, Business Support and Waste Management Services | 71,969 | 1.8% | 1.6% |
| Manufacturing | 67,596 | 0.8% | 1.4% |
| Accommodation & Food Services | 62,667 | 0.1% | 3.5% |
| Professional, Scientific & Technical Services | 53,200 | 1.2% | 3.3% |
| Construction | 48,662 | 1.9% | 2.1% |
| Transportation & Warehousing | 46,246 | 7.8% | 6.9% |
| Finance & Insurance | 33,470 | 0.6% | 0.8% |
| Other Services (except Public Administration) | 33,183 | 1.3% | 2.6% |
| Wholesale Trade | 26,252 | 0.5% | 1.2% |
| Information | 20,918 | 1.7% | 1.0% |
| Real Estate & Rental & Leasing | 19,384 | 2.8% | 2.1% |
| Arts, Entertainment & Recreation | 16,182 | 1.7% | 3.8% |
| Utilities | 4,851 | 2.2% | 0.5% |
| Agriculture, Forestry, Fishing & Hunting | 1,532 | 1.0% | -1.3% |
| Mining | 225 | -1.3% | -2.2% |
State economic profile
New Hampshire Employment Trends
842.7k
Employment
3.4%
Unemployment
What Employment Trends are Impacting New Hampshire?
The state of New Hampshire employs 842,726 people in 2026, which ranks it 38th out of all 50 US states. Employment in New Hampshire has grown at an annualized rate of 2.1% over the five years to 2026, overperforming the national average of 1.7%. Major sectors by employment in New Hampshire include Healthcare & Social Assistance, Retail Trade and Educational Services, which employed 121,511, 120,267 and 94,611 people in 2026, respectively. New Hampshire's unemployment rate is 3.4% in 2026, which ranks it 8th out of all 50 US states. New Hampshire's unemployment rate has trended downwards at a rate of -0.4% over the five years to 2026, overperforming the US economy as a whole.
Employment trends indicate the degree of tightness or slack in labor markets, in addition to the overall strength of an economy. Faster employment growth typically indicates a strong and growing economy, while lower unemployment tends to imply tightness in labor markets.
You can track unemployment trends in New Hampshire, and compare them to the US economy, using the chart below.
$114.1k
Per capita disposable income
What is New Hampshire's Per Capita Disposable Income?
Per capita disposable income, also known as disposable personal income (DPI), is the amount of money that the average person in an economy has available for spending and saving after accounting for income taxes. New Hampshire's DPI in 2026 was $114.1k, compared to the US average of $156.5k, which places it 42nd out of all 50 US states.
Disposable income is regarded as a key economic indicator as trends in disposable income are indicative of the level of aggregate demand, the state of labor markets and the financial strength of households.
You can track trends in New Hampshire's per capita disposable income, and compare it to the US average, using the chart below.
State economic profile
New Hampshire Construction & Building Trends
$867.3tn
Nonresidential construction
$1.6tn
Residential construction
3,786
Building permits
What can construction trends tell you about a state’s economy?
In New Hampshire, non-residential construction was $867.3tn in 2026, which ranks it 7th out of all 50 US states. Residential construction was $1.6tn in 2026, which places New Hampshire 39th out of all 50 US states. The number of building permits issued in New Hampshire in 2026 was 3,786, representing a -2.7% annualized growth rate between 2021 and 2026.
Trends in the construction sector are important because it creates jobs, income and tax revenue for a state. In addition, construction sector activity impacts other sectors in its supply chain, including manufacturing, wholesaling, warehousing, transportation, and real estate, rental and leasing services. Therefore, construction trends are important indicators of the health of an economy.
You can track trends in the number of building permits issued in New Hampshire, and compare it to trends in the number issued in the United States as a whole, using the chart below.
State economic profile
New Hampshire Population Statistics
Which Counties in New Hampshire have the Largest Populations?
The counties with the highest populations in New Hampshire are Hillsborough County, Rockingham County and Merrimack County, which had populations of 430,635, 325,311 and 160,038 people in 2026.
| Region | 2026 population | Annual growth 2021-26 | Share of population |
|---|---|---|---|
| Hillsborough | 430.6k | 0.3% | 30.2% |
| Rockingham | 325.3k | 0.5% | 22.9% |
| Merrimack | 160.0k | 0.6% | 11.2% |
| Strafford | 135.4k | 0.5% | 9.5% |
| Grafton | 95.0k | 0.7% | 6.7% |
| Cheshire | 78.7k | 0.4% | 5.5% |
| Belknap | 66.0k | 0.5% | 4.6% |
| Carroll | 54.0k | 0.9% | 3.8% |
| Sullivan | 44.5k | 0.4% | 3.1% |
| Coos | 31.3k | -0.1% | 2.2% |
State economic profile
New Hampshire Demographics
In New Hampshire, 42.5% of the population has a Bachelors or higher. The largest ethnic group in New Hampshire is White, accounting for 87.4% of the state's population.
Education level in New Hampshire
| Education level | Share (%) |
|---|---|
| Bachelors or higher | 42.5 |
| Other | 57.5 |
Race in New Hampshire
| Race | Share (%) |
|---|---|
| White | 87.4 |
| Hispanic | 5.4 |
| Asian | 3.3 |
| Other | 2.0 |
| Black | 1.8 |
New Hampshire State industry reports
IBISWorld State Industry Reports help you quickly understand how an industry performs at the state level compared with the national level, with accurate and unbiased industry information with a local focus. Use this collection to:
- Discover key local industry trends
- Identify threats and opportunities at the subnational level
- Inform your business strategies and planning
See our list of 624 New Hampshire industry reports.
Other states to explore
Compare New Hampshire’s economy with other states in the United States.
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