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Skip Navigation LinksChoose Maryland > Facts & Stats

economy

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 2012 to May 2013 for a 1.4% growth rate.  The state gained 31,100 private sector jobs over the same period.

Top Maryland Job Gains by Industry (May 2012 - May 2013)

 Job growth

Change

Total nonfarm

35,600

1.4%

Health care and social assistance

8,300

2.4%

Education (private only)

-300

-0.4%

Administrative and support services

7,500

5.0%

Prof., scientific and tech. services

7,400

3.1%

Leisure and Hospitality

2,800

1.2%

Federal government

-800

-0.5%

Constr., nat'l resources and mining

4,500

3.1%

 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 - ranked13th.
    §  170,000 high technology workers - ranked 11th. 
    §  High technology firms employed 87 of every 1,000 private sector workers in 2010 -  4th .
    §  Average high technology wage - $90,300 - 9th .
    §  A total high technology payroll of $15.3 billion in 2010 - 11th.
    §  Top 10 rankings for number of jobs: space and defense systems manufacturing 
       employment (10,000 jobs, 4th), computer systems design and related services (62,000
        jobs, 6th) and engineering services employment (31,900 jobs, 8th).

 

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