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Overview of the Vermont Economy. In 2024, the state of Vermont has a population of 649,363, having grown an annualized 0.8% over the five years to 2024, which ranks it 16 th out of all 50 US states by growth rate. Vermont's gross state product (GSP) in 2024 reached $36.2b, with growth of 1.7% over the 5 years to 2024.
Aug 30, 2023 · In the 3rd quarter of 2023, the real GDP growth rate for Vermont was 3.9% per year, compared with -1.9% the previous quarter. The latest data shows that Vermont economic growth is lower than the US overall.
This method allows for more direct comparison of differences in population growth between regions that may differ vastly in size. Vermont's overall population growth was 70.39% over 1958-2023 trailed the United States' increase of 92.31%.
U.S.: 2022 Population = 647,064. 2022 Percent of State = 0.19%. Vermont: 2022 Population = 333,287,557. Attracting and retaining people to live, work, raise a family, and retire underlies the economic vitality of any region. Population growth is both a cause--and a consequence--of economic growth.
Aug 24, 2022 · Vermont experienced the highest net population growth the state has seen in at least the last decade, with nearly 5,000 people moving to the Green Mountain State between 2020 and 2021, according to the most recent U.S. Census Bureau estimates.
Attracting and retaining people to live, work, raise a family, and retire underlies the economic vitality of any region. Population growth is both a cause--and a consequence--of economic growth. Patterns of population growth and change reflect differences among regions to attract and retain people both as producers and consumers in their economy.
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Aug 26, 2022 · Age composition. Workforce participation. Age dependency ratio. Consumption. This article looks deeper into how age composition impacts the everyday economic life of Vermonters. Part 1: An aging population acts like gravity to reduce economic growth. Population experts use the term “age composition” to discuss the proportionate number of ...
