Editing Connecticut (section)

== Economy ==
{{See also|Economy of Connecticut|List of Connecticut locations by per capita income}}
[[File:Connecticut Welcomes You Sign.jpg|thumb|A welcome sign on I-91 in [[Enfield, Connecticut|Enfield]].]]

The total 2023 [[gross state product]] for Connecticut was $345.9&nbsp;billion, up from $321.7&nbsp;billion in 2022.<ref>{{Cite web |title=Gross Domestic Product by State and Personal Income by State, 2nd Quarter 2024 {{!}} U.S. Bureau of Economic Analysis (BEA) |url=https://www.bea.gov/news/2024/gross-domestic-product-state-and-personal-income-state-2nd-quarter-2024 |access-date=2024-10-25 |website=www.bea.gov}}</ref>

Connecticut's [[List of U.S. states by adjusted per capita personal income|adjusted per capita personal income]] in 2022 was estimated at $77,940, third-highest among states.<ref>{{cite web |url = https://apps.bea.gov/itable/?ReqID=70 |title = Regional Data |website = bea.org |access-date = 13 Feb 2024}}</ref> There is a large disparity in incomes throughout the state; Connecticut was tied with California and Massachusetts for the second highest (after New York's 0.52) [[Gini coefficient]], at 0.50, as of 2020.<ref>Conor Gowder. "[https://ssti.org/blog/useful-stats-income-inequality-across-states Useful Stats: Income inequality across the states]". State Science & Technology Institute, January 24, 2024. Accessed November 23, 2024.</ref> According to a 2018 study by Phoenix Marketing International, Connecticut had the third-largest number of millionaires per capita in the United States, with a ratio of 7.75%.<ref>{{cite web |title=U.S. Millionaires Ranking By State & Market Growth |url=https://www.phoenixmi.com/wp-content/uploads/2018/02/Phoenix-Millionaires-By-State-Ranking-and-Market-Growth-2017.pdf |access-date=April 17, 2020 |archive-date=April 26, 2020 |archive-url=https://web.archive.org/web/20200426141426/https://www.phoenixmi.com/wp-content/uploads/2018/02/Phoenix-Millionaires-By-State-Ranking-and-Market-Growth-2017.pdf |url-status=live }}</ref> [[New Canaan, Connecticut|New Canaan]] is the wealthiest town in Connecticut, with a per capita income of $105,846. [[Hartford, Connecticut|Hartford]] is the poorest municipality in Connecticut, with a per capita income of $16,798 in 2020.<ref name=20Cen>{{Cite web|title=U.S. Census Bureau QuickFacts: Connecticut|url=https://www.census.gov/quickfacts/fact/table/CT/INC110219|access-date=2021-10-20|website=www.census.gov|language=en}}</ref> [[List of Connecticut locations by per capita income#Counties|At the county level]], per capita income ranged from $48,295 in [[Fairfield County, Connecticut|Fairfield County]] to $26,585 in [[Windham County, Connecticut|Windham County]], which is close to the United States average.<ref name=20Cen />

As of December 2019, Connecticut's seasonally adjusted unemployment rate was 3.8%, with U.S. unemployment at 3.5% that month. Dating back to 1982, Connecticut recorded its lowest unemployment in 2000 between August and October, at 2.2%. The highest unemployment rate during that period occurred in November and December 2010 at 9.3%,<ref>{{cite web|title=State of Connecticut vs. United States Unemployment Rate—State of Connecticut|url=https://www1.ctdol.state.ct.us/lmi/unemprateCTUS.asp|publisher=Connecticut Department of Labor|access-date=April 18, 2020|archive-date=May 22, 2020|archive-url=https://web.archive.org/web/20200522214618/https://www1.ctdol.state.ct.us/lmi/unemprateCTUS.asp|url-status=live}}</ref> but economists expected record new levels of layoffs as a result of business closures in the spring of 2020 due to the coronavirus pandemic.<ref>{{cite news |title=U.S. Jobless Claims Top 20 Million Since Start of Shutdowns |url=https://www.wsj.com/articles/u-s-unemployment-claims-likely-continued-at-record-levels-11587029401 |access-date=April 18, 2020 |archive-date=April 18, 2020 |archive-url=https://web.archive.org/web/20200418013555/https://www.wsj.com/articles/u-s-unemployment-claims-likely-continued-at-record-levels-11587029401 |url-status=live }}</ref>

===Taxation===

Tax is collected by the Connecticut Department of Revenue Services<ref>{{Cite web|url=https://portal.ct.gov/drs|title=Connecticut Department of Revenue Services|website=Ct.gov|access-date=April 17, 2021|archive-date=December 12, 2019|archive-url=https://web.archive.org/web/20191212162348/https://portal.ct.gov/drs|url-status=live}}</ref> and by local municipalities.<ref name="State of Connecticut">{{cite web |title=Statutes Governing Property Assessment and Taxation |website=Office of Policy and Management |publisher=State of Connecticut |url=https://portal.ct.gov/OPM/IGPP-MAIN/Services/Statutes-Governing-Property-Assessment-and-Taxation#CT%20Property%20Tax%20Frame |access-date=April 18, 2020 |archive-date=February 20, 2020 |archive-url=https://web.archive.org/web/20200220094027/https://portal.ct.gov/OPM/IGPP-MAIN/Services/Statutes-Governing-Property-Assessment-and-Taxation#CT%20Property%20Tax%20Frame |url-status=live }}</ref>

As of 2012, Connecticut residents had the second highest rate in the nation of combined state and local taxes after New York, at 12.6% of income compared to the national average of 9.9% as reported by the [[Tax Foundation]].<ref>{{cite web |url=https://taxfoundation.org/publications/state-local-tax-burden-rankings/ |title=State-Local Tax Burden Rankings FY 2012 |website=The Tax Foundation |access-date=January 20, 2016 |archive-date=February 2, 2017 |archive-url=https://web.archive.org/web/20170202040355/https://taxfoundation.org/publications/state-local-tax-burden-rankings/ |url-status=live }}</ref>

Before 1991, Connecticut had an investment-only [[income tax]] system. Income from employment was untaxed, but income from investments was taxed at 13%, the highest rate in the U.S., with no deductions allowed for costs of producing the investment income, such as interest on borrowing.

In 1991, under Governor [[Lowell P. Weicker Jr.]], an independent, the system was changed to one in which the taxes on employment income and investment income were equalized at a maximum rate of 4%. The new tax policy drew investment firms to Connecticut; {{as of|2019|lc=y}}, [[Fairfield County, Connecticut|Fairfield County]] was home to the headquarters for 16 of the 200 largest [[hedge fund]]s in the world.<ref>{{cite web |url=https://www.hfalert.com/documents/FG/hsp/hfa-rankings/597312_Top200Managers.pdf |title=Top 200 Hedge Fund Managers |website=Hedge Fund Alert |access-date=April 18, 2020 |archive-date=July 28, 2020 |archive-url=https://web.archive.org/web/20200728195228/https://www.hfalert.com/documents/FG/hsp/hfa-rankings/597312_Top200Managers.pdf |url-status=dead }}</ref>

{{as of|2019}}, the income tax rates on Connecticut individuals were divided into seven tax brackets of 3% (on income up to $10,000); 5% ($10,000–$50,000); 5.5% ($50,000–$100,000); 6% ($100,000–$200,000); 6.5% ($200,000–$250,000); 6.9% ($250,000–$500,000); and 6.99% above $500,000, with additional amounts owed depending on the bracket.<ref>{{cite web |url=http://www.tax-brackets.org/connecticuttaxtable |title=Connecticut Income Tax Brackets |website=Tax-Brackets.org |date=2019 |access-date=April 18, 2020 |archive-date=July 2, 2017 |archive-url=https://web.archive.org/web/20170702030756/https://www.tax-brackets.org/connecticuttaxtable |url-status=live }}</ref>

All wages of Connecticut residents are subject to the state's income tax, even if earned outside the state. However, in those cases, Connecticut income tax must be withheld only to the extent the Connecticut tax exceeds the amount withheld by the other jurisdiction.<ref name="Resident Working in Another State">{{cite web |title=Resident Working in Another State |website=Department of Revenue Services |publisher=State of Connecticut |url=https://portal.ct.gov/DRS/Individuals/Individual-Tax-Page/Resident-Working-in-Another-State |access-date=April 18, 2020 |archive-date=August 12, 2020 |archive-url=https://web.archive.org/web/20200812154200/https://portal.ct.gov/DRS/Individuals/Individual-Tax-Page/Resident-Working-in-Another-State |url-status=live }}</ref> Since New York has higher income tax rates than Connecticut,<ref>{{cite web |title=State Individual Income Tax Rates and Brackets for 2020 |date=February 4, 2020 |publisher=Tax Foundation |url=https://taxfoundation.org/state-individual-income-tax-rates-and-brackets-for-2020/ |access-date=April 18, 2020 |archive-date=April 18, 2020 |archive-url=https://web.archive.org/web/20200418100643/https://taxfoundation.org/state-individual-income-tax-rates-and-brackets-for-2020/ |url-status=live }}</ref> this effectively means that Connecticut residents who work in New York have no Connecticut income tax withheld. Connecticut permits a credit for taxes paid to other jurisdictions, but since residents who work in other states are still subject to Connecticut income taxation, they may owe taxes if the jurisdictional credit does not fully offset the Connecticut tax amount.<ref name="Resident Working in Another State"/>

Connecticut levies a 6.35% state [[sales tax]] on the retail sale, lease, or rental of most goods.<ref name="2011Sect6Summary">{{cite web |title=Summary of Tax Provisions Contained in 2011 Conn. Pub. Acts 6 |website=Department of Revenue Services |publisher=State of Connecticut |url=http://www.ct.gov/drs/cwp/view.asp?A=1514&Q=480936 |date=June 10, 2011 |access-date=July 6, 2011 |archive-date=January 17, 2013 |archive-url=https://web.archive.org/web/20130117052842/http://www.ct.gov/drs/cwp/view.asp?A=1514&Q=480936 |url-status=live }}</ref> Some items and services in general are not subject to sales and use taxes unless specifically enumerated as taxable by [[statute]]. A provision excluding clothing under $50 from sales tax was repealed {{as of|2011|July|1|lc=y|df=US}}.<ref name =2011Sect6Summary /> There are no additional sales taxes imposed by local jurisdictions. In 2001, Connecticut instituted what became an annual sales tax "holiday" each August lasting one week, when retailers do not have to remit sales tax on certain items and quantities of clothing that has varied from year to year.<ref>{{cite web |title=2019 Sales Tax Free Week |website=Department of Revenue Services |publisher=State of Connecticut |url=https://portal.ct.gov/DRS/Sales-Tax/Sales-Tax-Free-Week |date=August 14, 2019 |access-date=April 18, 2020 |archive-date=May 26, 2020 |archive-url=https://web.archive.org/web/20200526234715/https://portal.ct.gov/DRS/Sales-Tax/Sales-Tax-Free-Week |url-status=live }}</ref>

State law authorizes municipalities to tax property, including real estate, vehicles and other personal property, with state statute providing varying exemptions, credits and abatements. All assessments are at 70% of [[fair market value]].<ref name="State of Connecticut"/> The maximum property tax credit is $200 per return<ref>{{cite web |title=What's New? Property Tax Credit Limitation |website=Department of Revenue Services |publisher=State of Connecticut |url=https://portal.ct.gov/DRS/Individuals/Individual-Tax-Page/Whats-New |access-date=April 18, 2020 |archive-date=August 12, 2020 |archive-url=https://web.archive.org/web/20200812154206/https://portal.ct.gov/DRS/Individuals/Individual-Tax-Page/Whats-New |url-status=live }}</ref> and any excess may not be refunded or carried forward.<ref name="inctax">{{cite web |url=http://www.ct.gov/drs/lib/drs/forms/2014forms/incometax/ct-1040_booklet.pdf |title=2014 CT-1040 Connecticut Resident Income Tax Return and Instructions |website=Department of Revenue Services |publisher=State of Connecticut |page=31 |access-date=October 24, 2015 |archive-date=December 29, 2015 |archive-url=https://web.archive.org/web/20151229142708/http://www.ct.gov/drs/lib/drs/forms/2014forms/incometax/ct-1040_booklet.pdf |url-status=live }}</ref> According to the Tax Foundation, on a per capita basis in the 2017 fiscal year Connecticut residents paid the 3rd highest average property taxes in the nation after [[New Hampshire]] and New Jersey.<ref>{{cite web |title=How Much Does Your State Collect in Property Taxes per Capita? |publisher=Tax Foundation |url=https://taxfoundation.org/state-property-taxes-per-capita-2020/ |date=March 11, 2020 |access-date=April 18, 2020 |archive-date=May 24, 2020 |archive-url=https://web.archive.org/web/20200524053232/https://taxfoundation.org/state-property-taxes-per-capita-2020/ |url-status=live }}</ref>

{{as of|2020|1|1|df=US}}, gasoline taxes and fees in Connecticut were 40.13 cents per gallon, 11th highest in the United States which had a nationwide average of 36.13 cents a gallon excluding federal taxes. Diesel taxes and fees as of January 2020 in Connecticut were 46.50 cents per gallon, ninth highest nationally with the U.S. average at 37.91 cents.<ref>{{cite web |publisher=American Petroleum Institute |url=https://www.api.org/~/media/Files/Statistics/State-Motor-Fuel-Notes-Summary-January-2020.pdf |title=STATE MOTOR FUEL TAXES: NOTES SUMMARY RATES EFFECTIVE 01/01/2020 |date=January 1, 2020 |access-date=April 18, 2020 |archive-date=February 20, 2021 |archive-url=https://web.archive.org/web/20210220152010/https://www.api.org/ErrorPages/404.aspx |url-status=live }}</ref>

===Real estate===

In 2019, sales of single-family homes in Connecticut totaled 33,146 units, a 2.1 percent decline from the 2018 transaction total. The median home sold in 2019 recorded a transaction amount of $260,000, up 0.4 percent from 2018.<ref>{{cite news |url=https://www.thewarrengroup.com/2020/01/29/ct-median-single-family-home-price-reaches-11-year-high-in-2019/ |title=CT Median Single-Family Home Price Reaches 11-Year High in 2019 |publisher=The Warren Group |location=Boston |date=January 29, 2020 |access-date=April 18, 2020 |archive-date=September 20, 2020 |archive-url=https://web.archive.org/web/20200920201605/https://www.thewarrengroup.com/2020/01/29/ct-median-single-family-home-price-reaches-11-year-high-in-2019/ |url-status=live }}</ref>

Connecticut had the seventh highest rate of home foreclosure activity in the country in 2019 at 0.53 percent of the total housing stock.<ref>{{cite news |url=https://www.prnewswire.com/news-releases/us-foreclosure-activity-drops-to-15-year-low-in-2019-300988004.html |title=U.S. Foreclosure Activity Drops To 15-year Low In 2019 |publisher=ATTOM Data Solutions |location=Irvine, California |date=January 16, 2020 |access-date=April 18, 2020 |archive-date=March 29, 2020 |archive-url=https://web.archive.org/web/20200329124442/https://www.prnewswire.com/news-releases/us-foreclosure-activity-drops-to-15-year-low-in-2019-300988004.html |url-status=live }}</ref>

===Industries===

{{See also|List of Connecticut companies}}

Finance, insurance and real estate was Connecticut's largest industry in 2018 as ranked by gross domestic product, generating $75.7 billion in GDP that year.<ref name="auto1">{{cite web |url=https://www1.ctdol.state.ct.us/lmi/digest/articles/January2020CTDigest.asp |title=2020 Economic Outlook: Slowing Growth Globally, Technology Changes Abound |website=Connecticut Economic Digest |publisher=Connecticut Department of Labor and Connecticut Department of Economic and Community Development |date=January 2020 |access-date=April 18, 2020 |archive-date=January 26, 2020 |archive-url=https://web.archive.org/web/20200126110641/http://www1.ctdol.state.ct.us/lmi/digest/articles/January2020CTDigest.asp |url-status=live }}</ref> Major employers include [[The Hartford]], [[The Travelers Companies|Travelers]], [[Harman International]], [[Cigna]], the [[Aetna]] subsidiary of CVS Health, [[Massachusetts Mutual Life Insurance Company|Mass Mutual]], [[People's United Bank|People's United Financial]], [[Bank of America]], [[Realogy]],<ref>{{cite web |url=http://www1.ctdol.state.ct.us/lmi/EmpSearchTopList.asp?intSort=6 |title=Search Results for the 100 largest employers in Connecticut |website=Labor Market Information |publisher=Connecticut Department of Labor |date=March 17, 2015 |access-date=October 25, 2015 |archive-date=May 18, 2014 |archive-url=https://web.archive.org/web/20140518181449/http://www1.ctdol.state.ct.us/lmi/EmpSearchTopList.asp?intSort=6 |url-status=live }}</ref> [[Bridgewater Associates]],<ref>{{cite news|url=http://www.einnews.com/pr_news/204391481/bridgewater-associates-is-the-world-s-largest-hedge-fund-firm-for-fourth-straight-year-says-institutional-investor-s-alpha |title=Bridgewater Associates is the world's largest hedge fund firm for the fourth straight year says Institutional Investor's Alpha |work=EIN News |date=May 16, 2014 |access-date=May 28, 2014 |url-status=dead |archive-url=https://web.archive.org/web/20140517114711/http://www.einnews.com/pr_news/204391481/bridgewater-associates-is-the-world-s-largest-hedge-fund-firm-for-fourth-straight-year-says-institutional-investor-s-alpha |archive-date=May 17, 2014 }}</ref> [[GE Capital]],<ref>{{cite news |url=https://www.thehour.com/business/article/GE-Capital-forecasts-two-more-years-to-13688130.php |title=General Electric: 2019 a 'reset' year |work=Hearst Connecticut Media |date=March 14, 2019 |access-date=April 18, 2020 |archive-date=July 28, 2020 |archive-url=https://web.archive.org/web/20200728190125/https://www.thehour.com/business/article/GE-Capital-forecasts-two-more-years-to-13688130.php |url-status=live }}</ref> William Raveis Real Estate,<ref name="Connecticut Department of Labor">{{cite web|url=http://www1.ctdol.state.ct.us/lmi/EmpSearchMain_keywordList.asp |title=Employer List—Search Results: Raveis |website=Labor Market Information |publisher=Connecticut Department of Labor |date=March 17, 2015 |access-date=October 25, 2015 |url-status=dead |archive-url=https://web.archive.org/web/20090905172918/http://www1.ctdol.state.ct.us/lmi/EmpSearchMain_keywordList.asp |archive-date=September 5, 2009 }}</ref> and [[Berkshire Hathaway]] through reinsurance and residential real estate subsidiaries.

The combined educational, health and social services sector was the largest single industry as ranked by employment, with a combined workforce of 342,600 people at the end of 2019,<ref>{{cite web |url=https://www1.ctdol.state.ct.us/lmi/SecEmp.asp |title=Industry Sectors Employment (CES)—State of Connecticut |website=Labor Market Information |publisher=Connecticut Department of Labor |date=April 16, 2020 |access-date=April 18, 2020 |archive-date=April 25, 2020 |archive-url=https://web.archive.org/web/20200425190021/http://www1.ctdol.state.ct.us/lmi/secEmp.asp |url-status=live }}</ref> ranking fourth the year before in GDP at $28.3 billion.

The broad business and professional services sector had the second highest GDP total in Connecticut in 2018 at an estimated $33.7 billion.<ref name="auto1"/>

Manufacturing was the third biggest industry in 2018 with GDP of $30.8 billion,<ref name="auto1"/> dominated by [[Raytheon Technologies]] formed in the March 2020 merger of Hartford-based [[United Technologies]] and Waltham, Mass.-based Raytheon Co. As of the merger, Raytheon Technologies employed about 19,000 people in Connecticut through subsidiaries [[Pratt & Whitney]] and [[Collins Aerospace]].<ref>{{cite news |first1=Steven |last1=Singer |url=https://www.courant.com/business/hc-biz-utc-no-more-20200330-2olq723grvaslouj5nytqrzuoi-story.htmle |title=UTC no more: Merger with Raytheon set for Friday, ending 45-year-old conglomerate headquartered in Connecticut |work=Hartford Courant |date=March 30, 2020 |access-date=April 18, 2020 }} {{Dead link|date=April 2021 |bot=InternetArchiveBot |fix-attempted=yes }}</ref> [[Lockheed Martin]] subsidiary [[Sikorsky Aircraft]] operates Connecticut's single largest manufacturing plant in [[Stratford, Connecticut|Stratford]],<ref name="Connecticut Department of Labor"/> where it makes helicopters.

Major audio equipment manufacturing company [[Harman International]] is headquartered in Stamford, Connecticut.<ref>{{Cite news |orig-date=2025-11-15 |title=Samsung to Acquire Harman for US$8Bil Cash |url=https://www.thestar.com.my/business/business-news/2016/11/15/samsung-to-acquire-harman-for-us8bil-cash |archive-url=https://www.pressreader.com/malaysia/the-star-malaysia-starbiz/20161115/page/9/textview |archive-date=2025-04-28 |access-date=2025-04-28 |work=Starbiz |pages=9 |publication-place=Seoul}}</ref> It owns many brands like [[JBL]], [[AKG (company)|Akg]] and [[Harman kardon]].<ref>{{cite web | url=https://fortune.com/fortune500/2017/harman-international-industries/ | title=Harman International Industries | access-date=August 11, 2022 | archive-date=August 11, 2022 | archive-url=https://web.archive.org/web/20220811171342/https://fortune.com/fortune500/2017/harman-international-industries/ | url-status=dead }}</ref>

Other major manufacturers include the [[Electric Boat]] division of [[General Dynamics]], which makes submarines in [[Groton, Connecticut|Groton]],<ref>{{cite web |url=http://www.gdeb.com/about/history/ |title=EB History |publisher=General Dynamics Electric Boat |access-date=May 16, 2014 |archive-date=October 19, 2017 |archive-url=https://web.archive.org/web/20171019070946/http://www.gdeb.com/about/history/ |url-status=live }}</ref> [[Boehringer Ingelheim]], a pharmaceuticals manufacturer with its U.S. headquarters in [[Ridgefield, Connecticut|Ridgefield]],<ref name="Connecticut Department of Labor"/> and [[ASML Holding|ASML]], which in [[Wilton, Connecticut|Wilton]] makes precision lithography machines used to create circuitry on semiconductors and flat-screen displays.<ref>{{cite news |first1=Alexander |last1=Soule |url=https://www.ctinsider.com/business/thehour/article/Wilton-manufacturer-logs-another-big-year-despite-14999054.php |title=Wilton manufacturer logs another big year despite industry woes |work=Hearst Connecticut Media |date=January 23, 2020 |access-date=April 18, 2020 |archive-date=July 28, 2020 |archive-url=https://web.archive.org/web/20200728220553/https://www.ctinsider.com/business/thehour/article/Wilton-manufacturer-logs-another-big-year-despite-14999054.php |url-status=live }}</ref>

Connecticut historically was a center of gun manufacturing, and four gun-manufacturing firms continued to operate in the state {{as of|2012|December|lc=y}}, employing 2,000 people: [[Colt's Manufacturing Company|Colt]], [[Stag Arms|Stag]], [[Sturm, Ruger & Co.|Ruger]], and [[O.F. Mossberg & Sons|Mossberg]].<ref name="NYT122312">{{cite news | url=https://www.nytimes.com/2012/12/24/nyregion/gun-makers-based-in-connecticut-form-a-potent-lobby.html | title=Gun Makers Use Home Leverage in Connecticut | work=The New York Times | date=December 23, 2012 | access-date=December 24, 2012 | first1=Ray | last1=Rivera | last2=Cowan | first2=Alison Leigh | archive-date=December 24, 2012 | archive-url=https://web.archive.org/web/20121224221801/http://www.nytimes.com/2012/12/24/nyregion/gun-makers-based-in-connecticut-form-a-potent-lobby.html | url-status=live }}</ref> [[Marlin Firearms|Marlin]], owned by [[Remington Arms|Remington]], closed in April 2011.<ref name="Courant010111">{{cite news | url=https://www.courant.com/2011/04/01/marlin-firearms-closes-in-north-haven-ending-141-years-of-manufacturing-in-connecticut/ | title=Marlin Firearms Closes in North Haven, Ending 141 Years of Manufacturing in Connecticut | work=Hartford Courant | date=April 1, 2011 | last=Sturdevant | first=Matthew | access-date=December 24, 2012 | archive-date=January 2, 2013 | archive-url=https://web.archive.org/web/20130102175444/http://articles.courant.com/2011-04-01/business/hc-marlin-firearms-20110401_1_john-m-marlin-frank-kenna-remington-arms | url-status=live }}</ref>

Other large components of the Connecticut economy in 2018 included wholesale trade ($18.1 billion in GDP); information services ($13.8 billion); retail ($13.7 billion); arts, entertainment and food services ($9.1 billion); and construction ($8.3 billion).<ref name="auto1"/>

Tourists spent $9.3 billion in Connecticut in 2017 according to estimates as part of a series of studies commissioned by the state of Connecticut.<ref>{{cite web |url=https://portal.ct.gov/-/media/DECD/Tourism/EconImpactStudies/CT_Tourism_EconImpact_CY2017.pdf?la=en |title=Economic Impact of Tourism in Connecticut, 2017 |website=Department of Economic and Community Development |publisher=State of Connecticut |date=May 2019 |access-date=April 16, 2020 |archive-date=August 17, 2020 |archive-url=https://web.archive.org/web/20200817133609/https://portal.ct.gov/-/media/DECD/Tourism/EconImpactStudies/CT_Tourism_EconImpact_CY2017.pdf?la=en |url-status=live }}</ref> [[Foxwoods Resort Casino]] and [[Mohegan Sun]] are the two biggest tourist draws and number among the state's largest employers;<ref>{{cite web |url=http://www1.ctdol.state.ct.us/lmi/EmpSearchTopList.asp?intSort=6 |title=Search Results for the 25 largest employers in Connecticut |website=Labor Market Information |publisher=Connecticut Department of Labor |date=March 17, 2015 |access-date=May 16, 2014 |archive-date=May 18, 2014 |archive-url=https://web.archive.org/web/20140518181449/http://www1.ctdol.state.ct.us/lmi/EmpSearchTopList.asp?intSort=6 |url-status=live }}</ref> both are located on Native American reservations in the southeastern Connecticut.

{{ Main | Agriculture in Connecticut }}
Connecticut's agricultural production totaled $580 million in 2017, with just over half of that revenue the result of [[Nursery (horticulture)|nursery stock]] production. Milk production totaled $81 million that year, with other major product categories including [[egg (food)|eggs]], [[vegetables]] and [[fruit]], [[Connecticut shade tobacco|tobacco]] and [[shellfish]].<ref>{{cite report |title=2017 Census of Agriculture State Profile: Connecticut |url=https://www.nass.usda.gov/Publications/AgCensus/2017/Online_Resources/County_Profiles/Connecticut/cp99009.pdf |publisher=U.S. Department of Agriculture |access-date=April 18, 2020 |date= |archive-date=July 28, 2020 |archive-url=https://web.archive.org/web/20200728210752/https://www.nass.usda.gov/Publications/AgCensus/2017/Online_Resources/County_Profiles/Connecticut/cp99009.pdf |url-status=live }}</ref>

===Energy===
{{See also|List of power stations in Connecticut}}
Connecticut's economy uses less energy to produce each dollar of GDP than all other states except California, Massachusetts, and New York. It uses less energy on a per-capita basis than all but six other states. It has no fossil-fuel resources, but does have renewable resources. Average retail electricity prices are the highest among the 48 contiguous states. While most of the state's energy consumption is generated using fossil fuels, [[nuclear power]] delivered over 40% of state's electricity generation in 2019. [[Refuse-derived fuel]]s and other [[biomass]] provided the largest share of renewable electricity at about a 3% share. Solar and wind generation have grown in recent years. More than three-quarters of solar generation came from distributed small-scale installations such as rooftop solar in 2019, and there is planning underway to significantly increase renewable generation with the state's offshore wind resource.<ref>{{cite web |url=https://www.eia.gov/state/analysis.php?sid=CT |title=Connecticut State Profile and Energy Estimates – Profile Analysis |publisher=[[U.S. Energy Information Administration]] |access-date=March 16, 2021 |archive-date=March 21, 2021 |archive-url=https://web.archive.org/web/20210321152628/https://www.eia.gov/state/analysis.php?sid=CT |url-status=live }}</ref>