Statistics | |
---|---|
GDP per capita | $45,049 (2016) [1] |
Population below poverty line | 15.5% (2008-2012) [2] |
0.4586 [3] | |
Labor force | 2,159,278 (7/2023) [4] |
Unemployment | 3.4% (5/2017) [5] |
Public finances | |
Revenues | $7,475.135 million [6] |
Expenses | $5,889 million [7] |
The economy of the U.S. state of Oregon is made up of a number of sectors. During the 1990s and 2000s, Oregon has attempted to transition its economy from one based on natural resources to one based on a mix of manufacturing, services, and high technology. [8]
In the 1980s, hard times hit Oregon's main resource sectors: timber, fishing, and agriculture. Efforts by the state government to diversify the state economy led to the growth of Oregon's high tech sector, based in the three counties surrounding Portland, Oregon, but rural counties were left out. The tech bust of the early 2000s caused Oregon to lose many of the 43,000 jobs lost between 2000 and 2003. Between 2004 and 2007, Oregon's and the nation's economies grew based on increases in construction and services. Construction alone added 21,000 jobs during the period. [8]
The Gross Domestic Product (GDP) of Oregon in 2021 was $270.12 billion; it is United States' 25th wealthiest state by GDP. The state's per capita personal income in 2021 was $59,484. [9] As of November 2021, the state's unemployment rate is 4.2%. Oregon ranks 37th in the nation for unemployment. [10]
The fur trade was Oregon's first major industry. Beginning in the 1840s, settlers began displacing Native Americans and setting up farms. Though growth was slow for the coastal region there was rapid growth in the Willamette Valley and Portland in particular. With the discovery of gold in 1861–62 in Baker county and Grant County in Eastern Oregon had begun establishing itself as a major shipping hub with a focus on wheat. With the railroad's arrival to Oregon, Portland has sealed its position as the economic center of the state. [11] In the following decades, loggers and salmon fishers joined the miners. [12]
With the coming of the First World War, the state's shipyard industry and timber trades continued to expand rapidly again, especially in Portland. In the 1930s, the Works Projects Administration and the Civilian Conservation Corps introduced through the New Deal would construct many projects throughout the state including Timberline Lodge on Mt. Hood and many hydroelectric dams along Oregon's rivers. [11] The Bonneville Dam, built from 1933 to 1937 provided low cost electricity that helped fuel development of industries such as aluminum plants, like Wah Chang Corporation located in Albany. The power, food, and lumber provided by Oregon helped fuel the development of the West, although the periodic fluctuations in the nation's building industry have hurt the state's economy on multiple occasions. That coupled with needs of World War II food production, shipbuilding and the lumber were also greatly enhanced throughout the state. [11]
81,000 manufacturing jobs in Oregon rely on exports which totaled $27.7 billion in 2023 with over $12.9 billion of the total going to countries in Asia. [13]
The largest countries receiving exports from Oregon in 2023 were: [13]
The state's top exports in 2023 by category were: [13]
Oregon's diverse landscapes provide ideal environments for various types of farming. Land in the Willamette Valley owes its fertility to the Missoula Floods, which deposited lake sediment from Glacial Lake Missoula in western Montana onto the valley floor. [14] In 2016, the Willamette Valley region produced over 100 million pounds (45 kt) of blueberries. [15] The industry is governed and represented by the Oregon Department of Agriculture. [16]
Oregon is also one of four major world hazelnut ( Corylus avellana ) growing regions, and produces 95% of the domestic hazelnuts in the United States. While the history of the wine production in Oregon can be traced to before Prohibition, it became a significant industry beginning in the 1970s. In 2005, Oregon ranked third among U.S. states with 303 wineries. [17] Due to regional similarities in climate and soil, the grapes planted in Oregon are often the same varieties found in the French regions of Alsace and Burgundy. In 2014, 71 wineries opened in the state. The total is currently 676, which represents growth of 12% over 2013. [18]
In the southern Oregon coast, commercially cultivated cranberries account for about 7 percent of U.S. production, and the cranberry ranks 23rd among Oregon's top 50 agricultural commodities. Cranberry cultivation in Oregon uses about 27,000 acres (110 square kilometers) in southern Coos and northern Curry counties, centered around the coastal city of Bandon. In the northeastern region of the state, particularly around Pendleton, both irrigated and dry land wheat is grown. [19] Oregon farmers and ranchers also produce cattle, sheep, dairy products, eggs and poultry.
Caneberries (Rubus) are farmed here. [20] : 25 Stamen blight (Hapalosphaeria deformans) is significant here and throughout the PNW. [20] : 25 Here it especially hinders commercial dewberries. [20] : 25
Phytophthora ramorum was first discovered in the 1990s on the California Central Coast [21] and was quickly found here as well. [22] P. ramorum is of economic concern due to its infestation of Rubus and Vaccinium spp. (including cranberry and blueberry). [22]
Peaches grown in the Willamette Valley are mostly sold directly and do not enter the more distant markets. [23] OSU Extension recommended several peach and nectarine cultivars for Willamette. [23]
An Emerald Ash Borer ( Agrilus planipennis ) infestation has been sighted in Forest Grove, the first for Western North America. [24] [25] On June 30, 2022, an off-duty invasion biologist noticed an infested tree and the Emerald Ash Borer Readiness and Response Plan for Oregon [26] – finalized in March of the previous year – was quickly enacted by state departments. [24] The public is asked to report [27] sightings to the state Department of Agriculture. [24]
Vast forests have historically made Oregon one of the nation's major timber-producing and logging states, but forest fires (such as the Tillamook Burn), over-harvesting, and lawsuits over the proper management of the extensive federal forest holdings have reduced the timber produced. Between 1989 and 2011, the amount of timber harvested from federal lands in Oregon dropped about 90%, although harvest levels on private land have remained relatively constant. [28]
Even the shift in recent years towards finished goods such as paper and building materials has not slowed the decline of the timber industry in the state. The effects of this decline have included Weyerhaeuser's acquisition of Portland-based Willamette Industries in January 2002, the relocation of Louisiana-Pacific's corporate headquarters from Portland to Nashville, and the decline of former lumber company towns such as Gilchrist. Despite these changes, Oregon still leads the United States in softwood lumber production; in 2011, 4,134 million board feet (9,760,000 m3) was produced in Oregon, compared with 3,685 million board feet (8,700,000 m3) in Washington, 1,914 million board feet (4,520,000 m3) in Georgia, and 1,708 million board feet (4,030,000 m3) in Mississippi. [29] The slowing of the timber and lumber industry has caused high unemployment rates in rural areas. [30]
Oregon has one of the largest salmon-fishing industries in the world, although ocean fisheries have reduced the river fisheries in recent years. [31] Because of the abundance of waterways in the state, it is also a major producer of hydroelectric energy. [32]
Tourism is also a strong industry in the state. Tourism is centered on the state's natural features – mountains, forests, waterfalls, rivers, beaches and lakes, including Crater Lake National Park, Multnomah Falls, the Painted Hills, the Deschutes River, and the Oregon Caves. Mount Hood and Mount Bachelor also draw visitors year-round for skiing and other snow activities. [33]
Portland is home to the Oregon Museum of Science and Industry, the Portland Art Museum, and the Oregon Zoo, which is the oldest zoo west of the Mississippi River. [34] The International Rose Test Garden is another prominent attraction in the city. Portland has also been named the best city in the world for street food by several publications, including the U.S. News & World Report and CNN. [35] [36] Oregon is home to many breweries, and Portland has the largest number of breweries of any city in the world. [37]
The state's coastal region produces significant tourism as well. [38] The Oregon Coast Aquarium comprises 23 acres (9.3 ha) along Yaquina Bay in Newport, and was also home to Keiko the orca whale. [39] It has been noted as one of the top ten aquariums in North America. [40] Fort Clatsop in Warrenton features a replica of Lewis and Clark's encampment at the mouth of the Columbia River in 1805. The Sea Lion Caves in Florence are the largest system of sea caverns in the United States, and also attract many visitors. [41]
In Southern Oregon, the Oregon Shakespeare Festival, held in Ashland, is also a tourist draw, as is the Oregon Vortex and the Wolf Creek Inn State Heritage Site, a historic inn where Jack London wrote his 1913 novel Valley of the Moon . [42]
Oregon has also historically been a popular region for film shoots due to its diverse landscapes, as well as its proximity to Hollywood. [43] Movies filmed in Oregon include: Animal House , Free Willy , The General , The Goonies , Kindergarten Cop , One Flew Over the Cuckoo's Nest , and Stand By Me . Oregon native Matt Groening, creator of The Simpsons , has incorporated many references from his hometown of Portland into the TV series. [44] Additionally, several television shows have been filmed throughout the state including Portlandia , Grimm , Bates Motel , and Leverage . [45] The Oregon Film Museum is located in the old Clatsop County Jail in Astoria. Additionally, the last remaining Blockbuster store is located in Bend. [46]
High technology industries located in Silicon Forest have been a major employer since the 1970s. Tektronix was the largest private employer in Oregon until the late 1980s. Intel's creation and expansion of several facilities in eastern Washington County continued the growth that Tektronix had started. Intel, the state's largest for-profit private employer, [47] [48] operates four large facilities, with Ronler Acres, Jones Farm and Hawthorn Farm all located in Hillsboro. [49]
The spinoffs and startups that were produced by these two companies led to establishment of the so-called Silicon Forest. The recession and dot-com bust of 2001 hit the region hard; many high technology employers reduced the number of their employees or went out of business. Open Source Development Labs made news in 2004 when they hired Linus Torvalds, developer of the Linux kernel. In 2010, biotechnology giant Genentech opened a $400 million facility in Hillsboro to expand its production capabilities. [50] Oregon is home to several large datacenters that take advantage of cheap power and a climate conducive to reducing cooling costs. Google operates a large datacenter in The Dalles, and Facebook built a large datacenter near Prineville in 2010. Amazon opened a datacenter near Boardman in 2011, and a fulfillment center in Troutdale in 2018. [51] [52]
For health insurance, as of 2018 Cambia Health Solutions has the highest market share at 21%, followed by Providence Health. [53] In the Portland region, Kaiser Permanente leads. [53] Providence and Kaiser are vertically integrated delivery systems which operate hospitals and offer insurance plans. [54] Aside from Providence and Kaiser, hospital systems which are primarily Oregon-based include Legacy Health mostly covering Portland, Samaritan Health Services with five hospitals in various areas across the state, and Tuality Healthcare in the western Portland metropolitan area. In Southern Oregon, Asante runs several hospitals, including Rogue Regional Medical Center. Some hospitals are operated by multi-state organizations such as PeaceHealth and CommonSpirit Health. Some hospitals such Salem Hospital operate independently of larger systems.
Oregon Health & Science University is a Portland-based medical school that operates two hospitals and clinics.
The Oregon Health Plan is the state's Medicaid managed care plan, and it is known for innovations. [55] The Portland area is a mature managed care and two-thirds of Medicare enrollees are in Medicare Advantage plans. [55]
Oregon's biennial state budget, $2.6 billion in 2017, comprises General Funds, Federal Funds, Lottery Funds, and Other Funds. [56]
Oregon is one of only five states that have no sales tax. [57] Oregon voters have been resolute in their opposition to a sales tax, voting proposals down each of the nine times they have been presented. [58] The last vote, for 1993's Measure 1, was defeated by a 75–25% margin. [59]
The state also has a minimum corporate tax of only $150 a year, [60] amounting to 5.6% of the General Fund in the 2005–07 biennium; data about which businesses pay the minimum is not available to the public. [61] [ better source needed ] As a result, the state relies on property and income taxes for its revenue. Oregon has the fifth highest personal income tax in the nation. According to the U.S. Census Bureau, Oregon ranked 41st out of the 50 states in taxes per capita in 2005 with an average amount paid of 1,791.45. [62]
A few local governments levy sales taxes on services: the city of Ashland, for example, collects a 5% sales tax on prepared food. [63]
The City of Portland imposes an Arts Education and Access Income Tax on residents over 18—a flat tax of $35 collected from individuals earning $1,000 or more per year and residing in a household with an annual income exceeding the federal poverty level. The tax funds Portland school teachers, and art focused non-profit organizations in Portland. [64]
The State of Oregon also allows transit district to levy an income tax on employers and the self-employed. The State currently collects the tax for TriMet and the Lane Transit District. [65] [66]
Oregon is one of six states with a revenue limit. [67] The "kicker law" stipulates that when income tax collections exceed state economists' estimates by two percent or more, any excess must be returned to taxpayers. [68] Since the enactment of the law in 1979, refunds have been issued for seven of the eleven biennia. [69] In 2000, Ballot Measure 86 converted the "kicker" law from statute to the Oregon Constitution, and changed some of its provisions.
Federal payments to county governments that were granted to replace timber revenue when logging in National Forests was restricted in the 1990s, have been under threat of suspension for several years. This issue dominates the future revenue of rural counties, which have come to rely on the payments in providing essential services. [70]
55% of state revenues are spent on public education, 23% on human services (child protective services, Medicaid, and senior services), 17% on public safety, and 5% on other services. [71]
Oregon is also the home of large corporations in other industries. The world headquarters of Nike is located near Beaverton. Medford is home to Harry and David, which sells gift items under several brands. Medford is also home to the national headquarters of Lithia Motors. Portland is home to one of the West's largest trade book publishing houses, Graphic Arts Center Publishing. Oregon is also home to Mentor Graphics Corporation, a world leader in electronic design automation located in Wilsonville and employs roughly 4,500 people worldwide.
Adidas Corporations American Headquarters is located in Portland and employs roughly 900 full-time workers at its Portland campus. [72] Nike, located in Beaverton, employs roughly 5,000 full-time employees at its 200-acre (81 ha) campus. Nike's Beaverton campus is continuously ranked as a top employer in the Portland area-along with competitor Adidas. [73] Intel Corporation employs 22,000 in Oregon [48] with the majority of these employees located at the company's Hillsboro campus located about 30 minutes west of Portland. Intel has been a top employer in Oregon since 1974. [74]
# | Corporation | Headquarters | Market cap (billions US$) |
---|---|---|---|
1. | Nike | Beaverton | 91.35 |
2. | FLIR Systems | Wilsonville | 4.77 |
3. | Portland General Electric | Portland | 4.05 |
4. | Columbia Sportswear | Beaverton | 4.03 |
5. | Umpqua Holdings Corporation | Portland | 3.68 |
6. | Lithia Motors | Medford | 2.06 |
7. | Northwest Natural Gas | Portland | 1.7 |
8. | The Greenbrier Companies | Lake Oswego | 1.25 |
The U.S. Federal Government and Providence Health systems are respective contenders for top employers in Oregon with roughly 12,000 federal workers and 14,000 Providence Health workers.
In 2015, a total of seven companies headquartered in Oregon landed in the Fortune 1000: Nike, at 106; Precision Castparts Corp. at 302; Lithia Motors at 482; StanCorp Financial Group at 804; Schnitzer Steel Industries at 853; The Greenbrier Companies at 948; and Columbia Sportswear at 982. [76]
Portland is the most populous city in the U.S. state of Oregon, located in the Pacific Northwest region. Situated in the northwestern area of the state at the confluence of the Willamette and Columbia rivers, it is the county seat of Multnomah County, Oregon's most populous county. As of 2020, Portland's population was 652,503, making it the 26th-most populous city in the United States, the sixth-most populous on the West Coast, and the second-most populous in the Pacific Northwest, after Seattle. Approximately 2.5 million people live in the Portland–Vancouver–Hillsboro, OR–WA metropolitan statistical area, making it the 25th most populous in the United States. About half of Oregon's population resides within the Portland metropolitan area.
Washington County is one of 36 counties in the U.S. state of Oregon and part of the Portland metropolitan area. The 2020 census recorded the population as 600,372, making it the second most populous county in the state and most populous "Washington County" in the United States. Hillsboro is the county seat and largest city, while other major cities include Beaverton, Tigard, Cornelius, Banks, Gaston, Sherwood, North Plains, and Forest Grove, the county's oldest city. Originally named Twality when created in 1843, the Oregon Territorial Legislature renamed it for the nation's first president in 1849 and included the entire northwest corner of Oregon before new counties were created in 1854. The Tualatin River and its drainage basin lie almost entirely within the county, which shares its boundaries with the Tualatin Valley. It is bordered on the west and north by the Northern Oregon Coast Range, on the south by the Chehalem Mountains, and on the north and east by the Tualatin Mountains, or West Hills.
Lebanon is a city in Linn County, Oregon, United States. Lebanon is located in northwest Oregon, southeast of Salem. The population was 19,690 at the 2020 census. Lebanon sits beside the South Santiam River on the eastern edge of the Willamette Valley, close to the Cascade Range and a 25-minute drive to either of the larger cities of Corvallis and Albany. Lebanon is known for its foot-and-bike trails, its waterside parks, and its small-town character.
Hillsboro is a city in the U.S. state of Oregon and is the county seat of Washington County. Situated in the Tualatin Valley on the west side of the Portland metropolitan area, the city hosts many high-technology companies, such as Intel, locally known as the Silicon Forest. The population was 106,447 at the 2020 census, making Hillsboro the 5th most populous city in Oregon.
Wilsonville is a city primarily in Clackamas County, Oregon, United States. A portion of the northern section of the city is in Washington County. It was founded as Boones Landing because of the Boones Ferry which crossed the Willamette River at the location; the community became Wilsonville in 1880. The city was incorporated in 1969 with a population of approximately 1,000. The population was 13,991 at the 2000 census, and grew to 19,509 as of 2010. Slightly more than 90% of residents at the 2000 census were white, with Hispanics comprising the largest minority group.
Silicon Forest is a nickname for the Washington County cluster of high-tech companies located in the Portland metropolitan area in the U.S. state of Oregon, and most frequently refers to the industrial corridor between Beaverton and Hillsboro in northwest Oregon.
Neil Edward Goldschmidt is an American businessman and Democratic politician from the state of Oregon who held local, state and federal offices over three decades. After serving as the United States Secretary of Transportation under President Jimmy Carter and governor of Oregon, Goldschmidt was at one time considered the most powerful and influential figure in Oregon's politics. His career and legacy were severely damaged by revelations he raped a young teenage girl in 1973, during his first term as mayor of Portland.
Samuel Francis Adams is an American politician in Portland, Oregon. Adams was mayor of Portland from 2009 to 2012 and previously served on the Portland City Council and as chief of staff to former Mayor Vera Katz. Adams was the first openly gay mayor of a large U.S. city. He had an approval rating of 56%.
Katherine Brown is an American politician and attorney who served as the 38th governor of Oregon from 2015 to 2023. A member of the Democratic Party, she served three terms as the state representative from the 13th district of the Oregon House of Representatives from 1991 to 1997, three terms as the state senator from the 21st district of the Oregon Senate from 1997 to 2009, three terms as majority leader of the Oregon Senate from 2003 to 2009, and two terms as Oregon Secretary of State from 2009 to 2015. She assumed the governorship upon the resignation of John Kitzhaber in 2015. She was elected to serve out the remainder of his gubernatorial term in the special election in 2016 and was reelected to a full term in 2018.
Precision Castparts Corp. is an American industrial goods and metal fabrication company that manufactures investment castings, forged components, and airfoil castings for use in the aerospace, industrial gas turbine, and defense industries. In 2009 it ranked 362nd on the Fortune 500 list, and 11th in the aerospace and defense industry. In 2015 it ranked 322nd overall and 9th in the aerospace and defense industry. In 2014 it ranked 133rd on the S&P 500 based on market capitalization. In January 2016, the company became a wholly owned subsidiary of Berkshire Hathaway. Before that event, it used to be one of the three Fortune 500 companies headquartered in Oregon.
Willamette Industries, Inc. was a Fortune 500 forest products company based in Portland, Oregon, United States. In 2002, the lumber and paper company was purchased by competitor Weyerhaeuser of Federal Way, Washington in a hostile buyout and merged into Weyerhaeuser's existing operations.
Interstate 5 (I-5) in the U.S. state of Oregon is a major Interstate Highway that traverses the state from north to south. It travels to the west of the Cascade Mountains, connecting Portland to Salem, Eugene, Medford, and other major cities in the Willamette Valley and across the northern Siskiyou Mountains. The highway runs 308 miles (496 km) from the California state line near Ashland to the Washington state line in northern Portland, forming the central part of Interstate 5's route between Mexico and Canada.
The Pamplin Media Group (PMG) is a media conglomerate owned by Carpenter Media Group and operating primarily in the Portland metropolitan area in the U.S. state of Oregon. Robert B. Pamplin, Jr. founded the company in 2001 and sold it to Carpenter in 2024. As of 2019, the company owns 25 newspapers and employs 200 people.
Oregon is a state in the Pacific Northwest region of the United States. Oregon is a part of the Western United States, with the Columbia River delineating much of Oregon's northern boundary with Washington, while the Snake River delineates much of its eastern boundary with Idaho. The 42° north parallel delineates the southern boundary with California and Nevada. The western boundary is formed by the Pacific Ocean.
Electro Scientific Industries, Inc. (ESI) is an American high technology company headquartered in the Portland, Oregon, metropolitan area, specifically in Beaverton, Oregon, since 2021, but from 1963–2021, it was based in the unincorporated Cedar Mill area just north of Beaverton. ESI is a developer and supplier of photonic and laser systems for microelectronics manufacturers. Founded in 1944, it is the oldest high-tech company in Oregon. Along with Tektronix, and later Intel, it has spawned numerous technology-based companies in the Portland area, an area known as the Silicon Forest. From 1983 to 2019, shares in the company were publicly traded on NASDAQ, under the ticker symbol ESIO.
Enli Health Intelligence was a privately held software company based in Beaverton, Oregon, and previously in Hillsboro, Oregon. Founded in 2001 as Kryptiq Corporation, the company specialized in electronic medical records and secure communications between physicians and patients. The 125-employee company was purchased by Surescripts in 2012, which was a previous investor in the company. Annual revenues at the time of the sale were approximately $25 million. In January 2015, the company announced that it was splitting from Surescripts and becoming independent again. Later in 2015, it was renamed Enli Health Intelligence. In 2021, it was acquired by Cedar Gate Technologies, which discontinued use of the Enli name.
The Portland Incubator Experiment, often abbreviated as PIE or PIE PDX or stylized as Pie, is a business incubator based in Portland, Oregon that provides mentorship and resources to select startup companies. Co-founded by Renny Gleeson and Rick Turoczy, PIE is run by the Portland-based advertising agency Wieden+Kennedy (W+K). The program was informally launched in 2009 before converting to a formal structure in 2011. PIE participants are chosen by a selection committee, following an application process. Startups receive seed money and spend three months developing their businesses with support from W+K and participating mentors. Companies that have provided financial assistance and mentorship include The Coca-Cola Company, Google, Intel, Nike, Inc. and Target Corporation.
Hoffman Construction Company is a privately held construction company founded in 1922 based in Portland, Oregon, United States.
Wong's King Seafood Restaurant was a chain of Chinese/Cantonese and seafood restaurants in the metropolitan area of Portland, Oregon, United States. In addition to the original restaurant in Southeast Portland, the business operated in Beaverton, Estacada, and Sandy, and specialized in dim sum.
The COVID-19 pandemic was confirmed to have reached Portland in the U.S. state of Oregon on February 28, 2020.
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