In April 2024, OBI launched the inaugural Oregon Competitiveness Book, a collection of more than 50 state rankings in economically significant areas, from taxation and population trends to educational performance and home ownership rates. OBI will update the Oregon Competitiveness Book on an annual basis.

Many state and federal economic indicators are updated more frequently than once a year, however, including unemployment and inflation rates. This page provides a collection of key Oregon economic indicators. Some of them are updated every month, and others are updated quarterly. This page also includes significant information updated annually.

This page will be updated on a monthly basis. 

Labor Force and Population

Employment data for May 2024, except as noted.

Oregon Unemployment

4.2%

Total Unemployed

91,143

Nonfarm Employment

1,997,600

Job Vacancies (Q1 2024)

60,282

U.S. Unemployment

4.0%

U.S. Population (June 2024)

336.6 million

Oregon Population (July 2023)

4,296,626

Wages and Income (2023)
Oregon Average Annual Pay

$64,835

U.S. Average Annual Pay

$65,470

Oregon Per-Capita Personal Income

$65,426

U.S. Per-Capita Personal Income

$68,531

Oregon Average Annual Pay by Region
Portland Metro

$72,380

Central Oregon

$59,620

Mid-Valley

$59,626

Northwest

$58,902

East Cascades

$58,170

Southwestern Oregon

$53,004

Eastern Oregon

$53,307

Oregon Economy
U.S. Inflation (June 2024)

3.3%

U.S. Pacific Region Inflation (May 2024)

3.7%

U.S. GDP (2023)

$27.96 trillion

Oregon GDP (2023)

$316.5 billion
(25th nationally)

Oregon International Exports (2023)

$27.72 billion

Oregon International Imports (2023)

$19.38 billion

Legislatively Adopted Budget (2023-25)

$121.3 billion

Estimated CAT Revenue (2023-25)

$2.81 billion