Largest Industry in Each State

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26. Montana
> Largest industry:
Hospitals and nursing and residential care facilities
> Industry GDP: $1.9 billion
> Industry GDP as pct. of total: 4.8%
> Industry private workforce: 34,570

Almost one in every 10 non-government employees in Montana are employed by hospitals and nursing and residential care facilities, the state’s largest industry. This includes inpatient hospital care and residential health facilities. The industry, which is the largest contributor to GDP In eight other states, makes up 4.8% of Montana’s total GDP.

27. Nebraska
> Largest industry:
Insurance carriers and related activities
> Industry GDP: $5.5 billion
> Industry GDP as pct. of total: 5.5%
> Industry private workforce: 25,112

Contributing about $5.5 billion to Nebraska’s GDP, the insurance industry makes up 5.5% of the state’s economy. Of the six states where insurance is the largest industry, Nebraska has the second lowest number of people working in the insurance field. However, due to the state’s relatively small population, the insurance industry employs the second highest share of workers compared to the same five other states. Just over 25,000 Nebraska residents, or 3.2% of the private workforce, work in insurance.

28. Nevada
> Largest industry:
Accommodation
> Industry GDP: $13.0 billion
> Industry GDP as pct. of total: 10.9%
> Industry private workforce: 191,115

Nevada is famous for its entertainment industry, which attracts millions of tourists and casino-goers each year. According to the Las Vegas Convention and Visitors Authority, 24.3 million people visited Las Vegas over the 12 months through this July, up 2% from the previous period. The vast majority of these visitors stayed in hotels and other temporary accommodations, helping the industry generate an estimated $13.0 billion.

29. New Hampshire
> Largest industry:
Insurance carriers and related activities
> Industry GDP: $2.9 billion
> Industry GDP as pct. of total: 4.5%
> Industry private workforce: 13,570

New Hampshire is one of two New England states where the insurance industry contributes most to GDP. But while the industry contributes more than $17.3 billion to Connecticut’s GDP, it only contributes about $2.9 billion to New Hampshire’s economy. The largest industries in only three other states contribute less to their respective state economies compared to New Hampshire’s insurance industry contribution.

30. New Jersey
> Largest industry:
Ambulatory health care services
> Industry GDP: $19.3 billion
> Industry GDP as pct. of total: 3.8%
> Industry private workforce: 207,573

The ambulatory health care services industry makes up 3.8% of New Jersey’s total GDP. Since 1990, the industry has added jobs at a faster rate than hospitals and nursing and residential care facilities to be the primary industry employer in New Jersey’s health care system. A recent study by Navigant Consulting has recommended a few of New Jersey’s hospitals switch their medical focus to ambulatory care in order to preserve their financial health.