FAQ

1.     What are Maryland’s largest industries? 

• Government, professional and business services, and education and health services are the leading industries.  Maryland has a larger share of professional, technical and government jobs and a smaller share of manufacturing jobs than the U.S.
  
  

  Rank	Industry	Employment	Percent
  1	Health care and social assistance	395,202	12%
  2	State and local government	347,113	10%
  3	Retail trade	335,516	10%
  4	Professional and technical servcies	329,659	10%
  5	Accommodation and food services	211,256	6%
  6	Administrative and waste management services	207,286	6%
  7	Construction	203,923	6%
  8	Other services, except government	205,505	6%
  9	Federal government, civilian	171,994	5%
  10	Finance and insurance	169,775	5%
  11	Real estate and rental and leasing	164,164	5%
  12	Manufacturing	124,273	4%
  13	Wholesale trade	94,608	3%
  14	Educational services	93,328	3%
  15	Transportation and warehousing	89,741	3%
  16	Arts, entertainment and recreation	76,250	2%
  17	Information	57,503	2%
  18	Military	46,422	1%
  19	Mgt. of companies and enterprises	22,094	1%

             Source: U.S. Bureau of Economic Analysis, 2010. Total full-time and part-time employment.

• Gross State Product – The government sector accounts for 18% of economic activity– $52.1 billion in 2009.  Federal government, including military and civilian, accounts for slightly more than half – $27.26 billion.  State and local government combine for the balance – $24.86 billion.  The largest private sector industry is real estate with $48.4 billion, or 17% of economic activity.

            See the GDP page for more details on Gross Domestic Product by State.

2.    What industries are adding the most jobs in Maryland?

• Maryland gained 35,600 jobs over the twelve month period from May 2011 to May 2012 for a 1.4% growth rate.  The state gained 34,900 private sector jobs over the same period

Top Maryland Job Gains by Industry (May 2011 - May 2012)	Job growth	Change
Total nonfarm	35,600	1.4%
Health care and social assistance	11,200	3.4%
Education (private only)	6,600	8.8%
Administrative and support services	6,100	4.2%
Prof., scientific and tech. services	4,700	2.1%
Accommodation and food services	4,000	2.0%
Federal government	2,700	1.9%
Constr., nat'l resources and mining	2,400	1.7%

 Source: U.S. Bureau of Economic Analysis and Moody's Economy.com.

3. How many technology companies and jobs are in Maryland?

•  TechAmerica’s Cyberstates 2011 report:
  §  11,600 high technology establishments - ranked13^th.
  §  170,000 high technology workers - ranked 11^th. 
  §  High technology firms employed 87 of every 1,000 private sector workers in 2010 -  4^th .
  §  Average high technology wage - $90,300 - 9^{th .}
  §  A total high technology payroll of $15.3 billion in 2010 - 11^th.
  §  Top 10 rankings for number of jobs: space and defense systems manufacturing 
     employment (10,000 jobs, 4^th), computer systems design and related services (62,000
      jobs, 6^th) and engineering services employment (31,900 jobs, 8^th).