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Economic Summary of Michigan

The GDP for Michigan was $400 billion in 2012^[1]. Michigan had an estimated population of $35,298 as of 2012^[2]. The GDP per capita was $35,298 in 2012^[3].

Counties

There are 83 counties in Michigan^[4]. Below are the top ten localities ranked by population 2010.

Rank	Locality	Population 2010
1	Wayne	1,820,584
2	Oakland	1,202,362
3	Macomb	840,978
4	Kent	602,622
5	Genessee	425,790
6	Washtenaw	344,791
7	Ingham	280,895
8	Ottawa	263,801
9	Kalamazoo	250,331
10	Saginaw	200,169

List of counties in Michigan by population

Cities

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

Rank	City	Population 2010
1	Detroit	713,777
2	Grand Rapids	188,040
3	Warren	134,056
4	Sterling Heights	129,699
5	Lansing	114,297
6	Ann Arbor	113,934
7	Flint	102,434
8	Dearborn	98,153
9	Livonia	96,942
10	Westland	84,094

List of Michigan cities by population

Industries

Michigan industries by GDP 2012.^[6]

Industry	GDP value added $ billions 2012	% of total GDP
Durable manufacturing	48.71	12.15%
Government	45.79	11.43%
Real estate and rental leasing	44.92	11.22%
Health care and social assistance	35.809	8.93%
Professional, scientific, and technical services	31.36	7.83%
Retail trade	27.27	6.81%
Finance and insurance	25.82	6.44%
Wholesale trade	24.97	6.23%
Utilities	9.97	2.49%
Non-durable manufacturing	17.52	4.37%
Administrative and waste support services	14.34	3.58%
Accommodation and food services	11.58	2.89%
Construction	11.30	2.82%
Transportation and warehousing	10.61	2.65%
Other private services	10.63	2.65%
Information	10.22	2.55%
Management of companies and enterprises	8.03	2.00%
Agriculture, forestry, fishing and hunting	4.11	1.03%
Educational services	3.34	0.83%
Arts, entertainment, and recreation	3.06	0.76%
Mining	1.16	0.29%
Total	400.50	100%

Employment

Michigan employment by industry in June 2013.^[7]

Industry	Employment thousands June 2013	Percent of total employment
Trade, transportation and utilities	737.1	18.09%
Education & health services	642.1	15.76%
Government	608.7	14.94%
Professional & business services	586.6	14.39%
Manufacturing	551.1	13.52%
Leisure & hospitality	399.9	9.81%
Financial activities	197.9	4.86%
Other services	167.2	4.10%
Construction	124.9	3.06%
Information	52.0	1.28%
Mining and logging	7.8	0.19%
Total non-farm	4,075.3	100%

Corporations

Top 10 Michigan based corporations by revenue in 2012^[8]

Rank	Corporation	Revenue $ millions 2012	Headquarters
1	General Motors	150,276	Detroit
2	Ford Motor	136,264	Dearborn
3	Dow Chemical	59,985	Midland
4	Whirlpool	18,666	Benton Harbor
5	TRW Automotive Holdings	16,244	Livonia
6	Lear	14,156	Southfield
7	Ally Financial	13,642	Detroit
8	Kellogg	13,198	Battle Creek
9	Penske Automotive Group	11,870	Bloomfield Hills
10	DTE Energy	8,897	Detroit

List of Michigan companies by revenue

Government Finances

In 2011, the state government of Michigan 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

Top ten banks by assets in Michigan^[13]

Rank	Bank	Assets $ millions 3/31/13	Headquarters
1	Ally Financial	166,199	Detroit
2
3
4
5
6
7
8
9
10

List of Michigan banks by assets

References

External links

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

[1] ttp://www.bea.gov/newsreleases/regional/gdp_state/gsp_newsrelease.htm

[2] ttp://www.census.gov/popest/data/state/totals/2012/index.html

[3] ttp://bber.unm.edu/econ/st-gdp5.htm

[4] ttp://www.michigan-demographics.com/counties_by_population

[5] ttp://www.michigan-demographics.com/cities_by_population

[6] ttp://www.bea.gov/iTable/iTable.cfm?reqid=70&step=1&isuri=1&acrdn=1#reqid=70&step=10&isuri=1&7007=2012&7036=-1&7090=70&7035=-1&7006=26000&7001=1200&7002=1&7003=200&7004=NAICS&7005=-1&7093=Levels

[7] ttp://www.bls.gov/eag/home.htm

[8] ttp://money.cnn.com/magazines/fortune/fortune500/2012/states/CA.html

[9] ttp://www.census.gov/govs/local/

[10] ttp://www.census.gov/govs/local/

[11] ttp://www.bea.gov/newsreleases/regional/gdp_state/gsp_newsrelease.htm

[12] ttp://www.census.gov/govs/local/

[13] ttp://www.ffiec.gov/nicpubweb/nicweb/Top50Form.aspx

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