Which State has the Largest Private Sector?
Would it be a surprise to learn the New Hampshire has the largest private sector share of personal income? Of the components of the public sector, NH is ranked 44th in personal current transfer receipts and 49th in government compensation as a share of personal income. The low transfers are a bit surprising given that NH is the 6th oldest state in the union–39.5 versus Maine’s 41.2.
Would you also be surprised to learn that New Hampshire has the 6th highest per capita personal income in the country–versus Maine’s rank of 37th? Perhaps Maine policy-makers should pay more attention to what’s going on in the Granite State. To view graph, click “continue reading.”