Oregon Economy
Oregon has one of the fastest growing economies in the nation. With important and growing industries in manufacturing, apparel, and green technologies, Oregon has a solid base in vital markets that will continue to enrich the economy moving forward.

Per capita GDP

Oregons per capita GDP, adjusted for inflation, has been growing fairly consistentlyand more quickly than both Washington and the U.S.-- over the past 15 years. If this trend continues, Oregon may even pass Washingtons per capita GDP in the future.
GDP Growth

Real GDP growth in Oregon has been quite volatile, but, in all but the worst of the 2009 recession, GDP growth has remained positive. It has also generally exceeded Washington and the U.S.s GDP growth rates. Ensuring a strong Oregon economy in the future is crucial to continuing this remarkable pattern of growth.
Household income

Oregons median household income, adjusted for inflation, has remained relatively steady over the past 15 years and has only recently exceeded the USs real median household income. However, Oregon still trails Washington in this statistic.
Oregon Employment
Oregon's unemployment rate is one of the highest in the country; one of Oregons biggest problems right now is that so many of its workers are out of work. However, overall unemployment has been slowly decreasing, and it is important to see where jobs are located in the economy and what industries have the highest potential for employment growth.

Unemployment

Oregons unemployment rate has been consistently higher than both the U.S. and Washingtons unemployment rates over the past decade. Helping businesses create new jobs is a crucial goal to decrease Oregons unemployment.
Top 5 Industries for Oregon Employment

Oregon has many different industries driving its vibrant economy. Many Oregon jobs are within the healthcare and retail industries, but manufacturing, government, and food and lodging are also crucial for keeping Oregonians employed. Beyond these top-5 industries, many Oregonians are also employed in the production and distribution of durable goods as well as with financial-related occupations.
Oregon employment by business size

More than half of Oregons workers are employed by companies with fewer than 100 employees, and over a quarter are employed by companies with fewer than 20 employees. As policymakers continue to adjust employment regulations, it is important to consider the many small businesses that employ the majority of Oregonians.
Oregon Exports
Exports have always been a crucial sector of the Oregon economy. Although recently major exports have shifted from logging and forestry to high tech manufacturing and related industries, exports still remain an important component of the Oregon economy and play an important role in both Oregons GDP and its employment.

Export Employment

Oregons employment is helped by its stronger-than-average export market. While Washington exports account for a larger percentage of jobs than in Oregons exports do, Oregon still has a larger portion of jobs associated with exports than California and the US as a whole.
Oregon Exports by Sector

Oregons export industry is particularly strong in computers and electronics manufacturing, and agriculture also plays an important role.
Key Sectors


The Truth About Oregon Corporate Taxes

As the Legislature explores ways to balance the 2017-19 budget, members of the A Better Oregon coalition and other advocacy groups have revived a false claim from the Measure 97 campaign: Oregon has the lowest corporate taxes in the nation, they say. The advocacy groups, who want to balance the budget through tax increases, base their claim on a 2016 study by the Anderson Economic Group (AEG) ranking state business taxes. But their selective use of facts misrepresents the study and the reality of Oregon’s tax structure.

This article clarifies what that study measures and concludes and presents a more complete picture of Oregon’s corporate tax environment:

What Does the Study Measure?

The AEG study does not just examine corporations, but all types of businesses including sole proprietorships, partnerships, and limited liability companies. The vast majority of businesses examined in the study are not corporations at all. They are unincorporated small businesses.

Where Do Oregon Corporate Taxes Really Rank?

The study ranks states based on 11 types of taxes that businesses pay at the state and local level. Corporate income taxes are one of those taxes. On that measure, Oregon ranks 19 in the nation. Of the 11 taxes measured, Oregon ranks low on only one: general sales taxes.   

Do Sales Taxes Make That Big a Difference?

All but five states have a general sales tax, and general sales taxes account for 20% of the total taxes measured in the study. Therefore, Oregon's lack of a general sales tax significantly lowers Oregon's aggregate ranking in the study.

Where Can I Learn More About the Study?

You can find the full report on the AEG website by clicking here.

What Do Other Studies Show?

How Oregon compares with other states depends on how or what you measure. No two studies are exactly alike, because there are many ways to measure taxes and fees. A study by Ernst & Young, which like AEG includes sales taxes, also ranks Oregon with the lowest business taxes. However, the same study says Oregon would rank higher than 20 other states if sales taxes were excluded. The Tax Foundation ranks Oregon as number 10 for best business tax climate, considering five types of taxes – one of which is sales taxes. In terms of individual taxes, Oregon has above average unemployment compensation taxes and license fees. Also, some businesses may pay fees that are not included in studies. And local taxes, which are part of the calculations in most studies, vary across the state.