Economy Of Oregon
The economy of the U.S. state of Oregon is made up of a number of sectors. During the 1990s and 2000s, Oregon has attempted to transition its economy from one based on natural resources to one based on a mix of manufacturing, services, and high technology.
In the 1980s, hard times hit Oregon's main resource sectors: timber, fishing, and agriculture. Gains were made in Oregon's high tech sector, based in the three counties surrounding Portland, Oregon, but rural counties were left out. The tech bust of the early 2000s caused Oregon to lose many of the 43,000 jobs lost between 2000 and 2003. Between 2004 and 2007, Oregon's and the nation's economies grew based on increases in construction and services. Construction alone added 21,000 jobs during the period.
The Gross Domestic Product (GDP) of Oregon in 2008 was $161.6 billion, it is United States's 26th wealthiest state by GDP. The state's per capita personal income in 2008 was $38,801. As of March 2010, the state's unemployment rate is 10.6%. Oregon ranks 14th in the nation for unemployment with construction and manufacturing being hit hardest.
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—Henry David Thoreau (1817–1862)
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