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Economic Summary of Connecticut

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The GDP for Connecticut was $229 billion in 2012[1]. Connecticut had an estimated population of 3.590 million in 2012[2]. The GDP per capita was $54,925 in 2012[3].

Counties

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There are 8 counties in Connecticut. Below are the top ten localities ranked by population 2010.[4]

Rank Locality Population 2010
1 Fairfield 916,829
2 Hartford 894,014
3 New Haven 862,477
4 Lew London 274,055
5 Litchfield 189,927
6 Middlesex 165,676
7 Tolland 152,691
8 Windham 118,428

Cities

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Top 10 cities in Connecticut by estimated city proper population in 2010[5]

Rank City Locality Population 2010
1 Bridgeport 144,229
2 New Haven 129,779
3 Hartford 124,775
4 Stamford 122,643
5 Waterbury 110,366
6 Norwalk 85,603
7 Danbury 80,893
8 New Britain 73,206
9 West Hartford 63,268
10 Meriden 60,868

Industries

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Connecticut industries by GDP 2012.[6]

Industry GDP value added $ billions 2012 % of total GDP
Finance and insurance 36.85 16.07
Real estate and rental leasing 33.53 14.62%
Government 21.02 9.17%
Health care and social assistance 18.84 8.22%
Durable manufacturing 17.83 7.78%
Professional, scientific, and technical services 16.55 7.22%
Wholesale trade 12.77 5.57%
Retail trade 12.14 5.30%
Information 9.61 4.19%
Management of companies and enterprises 6.57 2.86%
Administrative and waste support services 6.47 2.82%
Non-durable manufacturing 6.25 2.73%
Construction 6.16 2.69%
Accommodation and food services 5.13 2.24%
Other private services 5.05 2.20%
Educational services 4.68 2.04%
Utilities 3.94 1.7%
Transportation and warehousing 3.86 1.68%
Arts, entertainment, and recreation 1.68 0.73%
Agriculture, forestry, fishing and hunting 0.31 0.14%
Mining .073 0.03%
Total 229.32 100%

Employment

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Connecticut employment by industry in June 2013.[7]

Industry Employment thousands June 2013 Percent of total employment
Trade, transportation and utilities 295.1 17.88%
Professional & business services 204.8 12.41%
Government 240.2 14.55%
Manufacturing 161.5 9.78%
Leisure & hospitality 149.3 9.05%
Financial activities 130.7 7.92%
Other services 60.6 3.67%
Construction 53.8 3.3%
Information 30.7 1.86%
Mining and logging 0.6 0.04%
Total non-farm 1,650.5 100%

Corporations

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Top 10 Connecticut based corporations by revenue in 2012[8]

Rank Corporation Revenue $ millions 2012 Profit $ millions 2012 Assets 2012 Debt Ratio 2012 Headquarters Employees 2012 Market cap 3/29/12 $ billions Industry
1 General Electric 147,616 Fairfield
2 United Technologies 58,190 Hartford
3 Aetna 33,780 Hartford
4 Xerox 22,626 Norwalk
5 Cigna 21,998 Bloomfield
6 Hartford Financial Services Group 21,918 Hartford
7 Praxair 11,250 Danbury
8 Stanley Black & Decker 10,438 New Britian
9 Terex 6,505 Westport
10 Emcor Group 5,732 Norwalk

Government Finances

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In 2011, the state government of Connecticut had total revenue of _____ billion. Total expenditures were _____ billion.[9]

The total debt outstanding in 2011 was _____ billion[10] (____% of GDP[11]).

The total cash and security holdings in 2011 was _____ billion[12].

Revenue by Source $ millions Percent of revenue
Intergovernmental revenue from Federal Government
Intergovernmental revenue from local governments
Property taxes
Sales and gross receipts
Individual income tax
Corporate income tax
Motor vehicle license
Other taxes
Charges and miscellaneous general revenue
Utility revenue
Liquor store revenue
Insurance trust revenue
Total 100%
Expenditure $ millions Percent of expenditure
Intergovernmental expenditure
Education
Libraries
Public welfare
Hospitals
Health
Employment security administration
Veterans' services
Highways
Air transport
Parking facilities
Sea and inland port facilities
Police protection
Fire protection
Correction
Protective inspection and regulation
Natural resources
Parks and recreation
Housing and community development
Sewerage
Solid waste management
Financial administration
Judicial and legal
General public buildings
Other governmental administration
Interest on general debt
Miscellaneous commercial activities
Other and unallocable
Utility expenditure
Liquor store expenditure
Insurance trust expenditure
Total 100%

Financial Institutions

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Top ten banks by assets in Connecticut[13]

Rank Bank Assets $ millions 3/31/13 Profit $ millions _____ Headquarters Employees
1 General Electric Capital Corporation 537,952 Norwalk
2 People's United Financial 30.57 Bridgeport
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References

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http://meta.wikimedia.org/wiki/Global_Economic_Map