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Vermont Economic Indicators

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Economic Activity
Innovation & Entrepreneurs
Workforce & Talent
VT Demographics
Quality of Place
Infrastructure & Investment
  • R&D "Intensity" Spending
    as a Share of GDP (2012)
    Innovation & Entrepreneurship
    National Science Foundation
    2.09
    27th in U.S.
  • Innovation & Entrepreneurship
    High Tech Related Firms (2015)
    Level with 2012
    QCEW of BLS
    2,503
  • Innovation & Entrepreneurship
    Small Business Employment
    (Establishments with < 20 workers)
    17% is U.S. average
    U.S. Census Statistics of U.S. Businesses (SUSB)
    24% of Employment
  • New Firm 5-Year Survival Rate (2014)
    Innovation & Entrepreneurship
    Business Dynamic Series Census (BDS)
    54%
    12th in the U.S.
  • 2015 Commercial Grand List
    Economic Activity
    Vermont Department of Taxes
    $13.28 Billion
    Up 2.3% 2014-2015
  • Economic Activity
    Non-Farm Employment Gain 2014-2015
    Up 1.1% Burlington / 1.0% Non-Burlington VT
    Vermont Department of Labor
    2,900
  • Foreign Exports 2015
    Economic Activity
    down 13.3% from previous year
    $3.182 Billion
    Origin of Movement Series of Census
  • Mid-sized Firms 2013
    (20-499 Employees)
    Economic Activity
    up 1.3% over last year
    2,251
    U.S. Census Bureau, Business Dynamics Series
  • Job Creation Rate in 2013
    Economic Activity
    Down from 14.3% in 2012
    12.6%
    U.S. Census Bureau, Business Dynamics Series
  • GDP per capita
    Economic Activity
    Bureau of Economic Analysis 2015
    $48,344
    RANK: 34th in the U.S.
  • Median Household Income
    Vermonters & Visitors
    United States Census Historical Income Tables
    $59,494
    Rank: 21st in US
  • Vermonters & Visitors
    of Vermont 11th graders math proficient +
    Up from 37.1% in 2015
    Vermont Agency of Education
    37.7%
  • Vermonters with BA/BS or Advanced Degree
    Vermonters & Visitors
    vs. 29.3% Nationwide
    35.2%
    United States Census
  • Vermont Population
    2015 Estimate
    Vermonters & Visitors
    United States Census
    626,042
    Rank: 49th 10 yr growth
    (annual -0.1%)
  • Workforce & Talent
    Middle Skills Jobs (Need Post HS Training, Not BA/BS)
    23% Nationally
    ONET & OES
    24%
  • STEM Related Workforce
    (2012-2014)
    Workforce & Talent
    National Science Foundation
    4.4%
    4.7% U.S. Average
  • Workforce & Talent
    25-44 Year Olds as Share of Total Population
    Down from 28.9% in 2000
    U.S. Census & ACS
    23.2%
  • Per Capita Personal Income 2015
    Workforce & Talent
    Bureau of Economic Analysis
    $48,587
    19th in the U.S.
  • Workforce Participation 2015
    Workforce & Talent
    Bureau of Labor Standards
    66.8%
    Down from 71.5% in 2006
  • Unemployment Rate October 2016
    Workforce & Talent
    Bureau of Labor Statistics
    3.3%
    5% in the U.S.
  • Standard & Poor
    Infrastructure & Stewardship
    Vermont Treasury
    AA+ Bond Rating
    #1 in New England
  • Broadband Access
    Infrastructure & Stewardship
    85.3% US Average
    73%
    VT Dept of Public Service
  • Commercial / Residential Electricity Rates
    Infrastructure & Stewardship
    US Average of $0.11 & $0.13
    $0.15 / $0.18 kWh
    Energy Information Administration
  • Infrastructure & Stewardship
    Road Network Quality 2015
    68% in 2014
    VTRANS
    64% Fair/Good
  • Rental Vacancy Rate
    Quality of Place
    United States Census
    4.9%
    Up from 4.1% in 2013
  • Quality of Place
    Housing Starts 2015
    Up 29% from 2014
    United States Census
    1,998
  • Average Commute to Work
    Quality of Place
    United States Census
    22.3 Minutes
    Up from 21.2 in 2005
  • State/Local Tax Burden (2012)
    Quality of Place
    The Tax Foundation
    10.3%
    Rank: 13th Highest
  • Violent Crime Down: 2013-2014
    Quality of Place
    FBI
    -19.7%
    #1 Safest State
  • Quality of Place
    Acres of Farm & Forest
    in "Current Use" Program
    Up 22% Since 2005
    VT Dept of Taxes
    2,426,148