Jobs Brief
|Economic Security, Jobs, Workers, Wages
In 2022 Vermont’s economic growth outpaced rest of New England
Vermont’s economy grew 2.8 percent, after adjusting for inflation, in 2022—the second year of growth after a drop in 2020 at the start of the pandemic. Data released by the Bureau of Economic Analysis at the end of March show that Vermont’s gross state product—the total value of all goods and services—saw the highest growth rate in New England.
In 2022 Vermont’s gross state product also surpassed $40 billion for the first time, a rise from 2021 of more than $3.5 billion in unadjusted dollars.