Massachusetts vs New Hampshire: two economies side by side

Massachusetts and New Hampshire share a border. Here are the two economies on the same measures, with the rank of each among 51 states and DC.

New EnglandMassachusetts leads on 5, New Hampshire on 6 of 11 measures

Indicator	A · MA	B · NH	Ranks
GDP, 2025	$813.6B	$128.3B	12 · 40
Real GDP growth, 2025	+1.3%	+1.7%	39 · 33
Real growth a year since 2015	+2.2%	+2.2%	21 · 20
GDP per person	$113,724	$90,634	4 · 16
Income per person, 2025	$98,700	$88,145	3 · 9
Real income per person (2017 $)	$71,629	$64,632	4 · 9
Price level (US = 100)	105.8	104.2	7 · 9
Housing costs (US = 100)	128.1	114.9	4 · 12
Unemployment, September 2026	4.3%	2.6%	35 · 3
Population	7,154,084	1,415,342	16 · 41
Population growth a year since 2020	+0.48%	+0.53%	28 · 26

Highlighted: the higher value, or the lower one for prices and unemployment. BEA (GDP, income, price parities), BLS (unemployment).

Fig. 1Real GDP, index 2015 = 100Chained 2017 dollars

MassachusettsNew Hampshire

Fig. 2Unemployment rateMonthly, seasonally adjusted, since 2015

MassachusettsNew Hampshire

Industry mix, 2025

Share of each state’s GDP. Sorted by the gap between the two.

Industry	MA	NH	Gap, pp	Larger in
Professional services	13.8%	9.2%	4.7	MA
Retail trade	4.2%	7.0%	2.8	NH
Information	6.7%	4.2%	2.5	MA
Wholesale trade	4.6%	6.5%	1.9	NH
Administrative & waste services	2.7%	4.1%	1.3	NH
Accommodation & food	3.2%	4.4%	1.2	NH
Manufacturing	8.4%	9.4%	1.0	NH
Transportation & warehousing	2.2%	1.6%	0.6	MA
Education	2.8%	2.2%	0.6	MA
Management of companies	2.1%	1.6%	0.5	MA
Construction	3.6%	3.2%	0.4	MA
Other services	1.9%	2.3%	0.4	NH
Government	8.7%	9.0%	0.3	NH
Finance & insurance	9.2%	9.4%	0.2	NH
Health care	9.2%	9.0%	0.2	MA
Arts & recreation	1.0%	1.1%	0.2	NH
Mining, oil & gas	0.1%	0.2%	0.1	NH
Agriculture	0.1%	0.2%	0.1	NH
Real estate	14.1%	14.0%	0.1	MA
Utilities	1.4%	1.4%	0.0