Maine’s metro economies growing, according to federal data
PORTLAND, Maine (AP) — New federal figures show that economies in Maine’s southern cities grew faster last year.
Maine Public reports that Bureau of Economic Analysis figures show that Portland-South Portland’s economy produced $32 billion in goods and services last year.
That’s compared with just over $6 billion in Bangor, and $4.2 billion in Lewiston-Auburn.
Bangor’s gross domestic product grew by only 0.9 percent, compared with 1.7 percent in Portland-South Portland and 1.4 percent in Lewiston-Auburn.
The sectors that contributed most to growth include finance and real estate, trade and professional and business services.
Education, health and social services drove growth in Bangor.