With a population of 5,976,407, Maryland is the 19th most populated state in the USA. Also known as The Free State, Maryland is ranked 42nd in respect to area. Annapolis is the capital while Baltimore is the largest city of Maryland. Maryland has the highest household income in the country and is the wealthiest state of the USA.
In terms of education, Maryland is too advanced and is ranked first in Primary and Secondary education. In 2009, the budget spent for education was $5.5 billion.
According to a survey of 2012, the total GSP of Maryland was $317. 7 billion. The state has a poverty rate of 7.8%, the lowest in the country. In 2006, the per capita income of Maryland was $43,500, 5th highest in the United States. Back in May 2014, the unemployment rate of the state was 5.5%.
A number of educational and medical research centers are in Maryland, which adds considerably to the state’s economy. Manufacturing also plays an important role in the stable economy of Maryland, and the state is a large manufacturer of chemicals, computer equipment and electronics.
Fishing and agriculture are most important for the economic condition of Maryland. In fishing, Maryland is a large producer of oysters, menhaden, and blue crab, while in agriculture, Maryland is well known for the production of watermelons, squash, tomatoes, peas, sweet corn and cucumbers.