New Hampshire's Economy: Goods and Services Across Nine Sectors

New Hampshire's economy (GSP ~$95B, 2023) is diverse, high-value, and increasingly knowledge-based — with no state income/sales tax attracting businesses and talent.

1. Advanced Manufacturing (15% GSP)

• Precision: Aerospace (Safran, Pratt & Whitney), defense (BAE Systems), medical devices (Lonza, Medtronic), semiconductors (Allegro MicroSystems).
• Cluster: "Granite State Manufacturing" — 1,600+ firms, 70K jobs.

2. Technology & Innovation

• Software/Cyber: Dyn (Oracle), Bottomline, Red River, startups (UNH ECenter).
• R&D: UNH (space physics, marine, materials), Dartmouth-Hitchcock (biomed).
• Data Centers: Low-cost power, cool climate, fiber.

3. Tourism & Hospitality (10% GSP)

• Winter: Ski resorts (Loon, Bretton Woods, Cannon, Waterville).
• Summer/Fall: Lakes (Winnipesaukee), White Mountains (hiking, leaf-peeping), Seacoast (Portsmouth, Hampton Beach).
• 4M+ visitors/yr; $2B+ spending.

4. Agriculture & Forestry

• Dairy: 100+ farms; Cabot Creamery (co-op).
• Specialty: Apples, blueberries, maple syrup, honey, Christmas trees.
• Forest Products: Timber, biomass, pulp (45% land forested).

5. Financial Services

• Banks: Citizens (HQ moved to NH), Service Credit Union, NH Mutual Bancorp.
• Insurance/Investment: Regional hubs.
• Fintech: Growing (Block, Circle presence).

6. Healthcare & Education

• Health Systems: Dartmouth-Hitchcock (academic), Catholic Medical Center, Elliot, Wentworth-Douglass.
• Higher Ed: UNH, Dartmouth, Keene State, Plymouth State, Community College System.
• Bio/med research: NH-INBRE, IDeA networks.

7. Retail & Trade

• No Sales Tax: Draws cross-border shoppers (MA, ME, VT).
• Outlets: Merrimack, Tilton, Settlers Green.
• Exports: Machinery, electronics, instruments, aircraft parts — $5B+.

8. Renewable Energy

• Wind: 200+ MW (Lempster, Antrim).
• Solar: Growing (community, rooftop).
• Hydro: Legacy + new small hydro.
• Goal: 25% renewable by 2025 (RPS).

9. Professional & Business Services

• Legal, accounting, consulting, engineering, architecture — clustered in Manchester, Nashua, Portsmouth, Lebanon.

Demographic Edge

• Highest % adults with bachelor's+ in Northeast (38%).
• Low unemployment (~2%).
• Net in-migration (from MA, NY, CA).

NH's "live free" model: low taxes, high skills, quality of life → innovation economy.