User:Mcnabber091/sandbox/Economic summary of New Jersey
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Economic Summary of New Jersey
[edit]The GDP for New Jersey was $508 billion in 2012[1]. New Jersey had an estimated population of 8.864 million in 2012[2]. The GDP per capita of New Jersey was $49,430 in 2012[3].
Counties
[edit]There are 21 counties in New Jersey[4]. Below are the top ten localities ranked by population 2010.
| Rank | Locality | Population 2010 |
|---|---|---|
| 1 | Bergen | 905,116 |
| 2 | Middlesex | 809,858 |
| 3 | Essex | 783,969 |
| 4 | Hudson | 634,266 |
| 5 | Monmouth | 630,380 |
| 6 | Ocean | 576,567 |
| 7 | Union | 536,499 |
| 8 | Camden | 513,657 |
| 9 | Passaic | 501,226 |
| 10 | Morris | 492,276 |
Cities
[edit]Top 10 cities in New Jersey by estimated city proper population in 2010[5]
| Rank | City | Locality | Population 2010 |
|---|---|---|---|
| 1 | Newark | 277,140 | |
| 2 | Jersey City | 247,597 | |
| 3 | Paterson | 146,199 | |
| 4 | Elizabeth | 124,969 | |
| 5 | Toms River | 88,791 | |
| 6 | Trenton | 84,913 | |
| 7 | Clifton | 84,136 | |
| 8 | Camden | 77,344 | |
| 9 | Passaic | 69,781 | |
| 10 | Union City | 66,455 |
Industries
[edit]New Jersey industries by GDP 2012.[6]
| Industry | GDP value added $ billions 2012 | % of total GDP |
|---|---|---|
| Real estate and rental leasing | 85.10 | 16.75% |
| Government | 55.70 | 10.96% |
| Professional, scientific, and technical services | 47.74 | 9.40% |
| Finance and insurance | 40.85 | 8.04% |
| Health care and social assistance | 39.16 | 7.71% |
| Wholesale trade | 39.86 | 7.85% |
| Retail trade | 30.92 | 6.09% |
| Non-durable manufacturing | 24.73 | 4.87% |
| Information | 22.46 | 4.42% |
| Administrative and waste support services | 16.69 | 3.29% |
| Transportation and warehousing | 16.45 | 3.24% |
| Management of companies and enterprises | 15.83 | 3.12% |
| Construction | 15.68 | 3.09% |
| Durable manufacturing | 13.46 | 2.65% |
| Accommodation and food services | 12.26 | 2.41% |
| Other private services | 10.46 | 2.06% |
| Utilities | 10.22 | 2.01% |
| Educational services | 5.40 | 1.06% |
| Arts, entertainment, and recreation | 4.21 | 0.83% |
| Agriculture, forestry, fishing and hunting | 0.76 | 0.15% |
| Mining | .087 | 0.02% |
| Total | 508.00 | 100% |
Corporations
[edit]Top 10 New Jersey based corporations by revenue in 2012[7]
| Rank | Corporation | Revenue $ millions 2012 | Profit $ millions 2012 | Assets 2012 | Debt Ratio 2012 | Headquarters | Employees 2012 | Market cap 3/29/12 $ billions | Industry |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Medco Health Solutions | 70,063 | Franklin Lakes | ||||||
| 2 | Johnson & Johnson | 65,030 | New Brunswick | ||||||
| 3 | Prudential Financial | 49,045 | Newark | ||||||
| 4 | Merck | 48,047 | Whitehouse Station | ||||||
| 5 | Honeywell International | 37,059 | Morris Township | ||||||
| 6 | Toys "R" Us | 13,909 | Wayne | ||||||
| 7 | Chubb | 13,585 | Warren | ||||||
| 8 | Public Service Enterprise Group | 11,191 | Newark | ||||||
| 9 | Automatic Data Processing | 9,879 | Roseland | ||||||
| 10 | NRG Energy | 9,079 | Princeton |
Employment
[edit]New Jersey employment by industry in June 2013.[8]
| Industry | Employment thousands June 2013 | Percent of total employment |
|---|---|---|
| Trade, transportation and utilities | 833.6 | 21.00% |
| Education & health services | 644.0 | 16.22% |
| Professional & business services | 630.7 | 15.89% |
| Government | 629.2 | 15.85% |
| Leisure & hospitality | 355.8 | 8.96% |
| Financial activities | 252.1 | 6.35% |
| Manufacturing | 246.1 | 6.20% |
| Construction | 135.0 | 3.65% |
| Other services | 167.5 | 4.22% |
| Information | 74.5 | 1.88% |
| Mining and logging | 1.3 | 0.03% |
| Total non-farm | 3,969.8 | 100% |
Government Finances
[edit]In 2011, the state government of New Jersey had total revenue of $70.80 billion. Total expenditures were $67.11 billion.[9]
The total debt outstanding in 2011 was 64.00 billion[10] (12.59% of GDP[11]).
The total cash and security holdings in 2011 was 114.09 billion[12].
| Revenue by Source | $ millions | Percent of revenue |
|---|---|---|
| Insurance trust revenue | 18,136 | 25.62% |
| Intergovernmental revenue from Federal Government | 14,155 | 20.00% |
| Sales and gross receipts | 11,921 | 16.84% |
| Individual income tax | 10,617 | 15.00% |
| Charges and miscellaneous general revenue | 9,701 | 13.70% |
| Corporate income tax | 2,216 | 3.13% |
| Other taxes | 1,835 | 2.59% |
| Utility revenue | 986 | 1.39% |
| Intergovernmental revenue from local governments | 637 | 0.90% |
| Motor vehicle license | 587 | 0.83% |
| Property taxes | 4 | <0.01% |
| Liquor store revenue | 0 | 0% |
| Total | 70,798 | 100% |
| Expenditure | $ millions | Percent of expenditure |
|---|---|---|
| Insurance trust expenditure | 16,209 | 24.15% |
| Public welfare | 13,221 | 19.70% |
| Intergovernmental expenditure | 11,167 | 16.64% |
| Education | 8,081 | 12.04% |
| Hospitals | 2,100 | 3.13% |
| Highways | 2,987 | 4.45% |
| Other and unallocable | 2,449 | 3.65% |
| Utility expenditure | 2,173 | 3.24% |
| Interest on general debt | 2,067 | 3.08% |
| Correction | 1,409 | 2.10% |
| Health | 1,206 | 1.80% |
| Judicial and legal | 877 | 1.31% |
| Financial administration | 686 | 1.02% |
| Natural resources | 514 | 0.76% |
| Police protection | 498 | 0.74% |
| Housing and community development | 465 | 0.69% |
| Protective inspection and regulation | 297 | 0.44% |
| Parks and recreation | 282 | 0.42% |
| Employment security administration | 193 | 0.29% |
| Other governmental administration | 90 | 0.13% |
| Solid waste management | 39 | 0.06% |
| Air transport | 34 | 0.05% |
| Sea and inland port facilities | 27 | 0.04% |
| General public buildings | 24 | 0.04% |
| Veterans' services | 12 | 0.02% |
| Libraries | 4 | <0.01% |
| Sewerage | 3 | <0.01% |
| Fire protection | 0 | 0% |
| Parking facilities | 0 | 0% |
| Miscellaneous commercial activities | 0 | 0% |
| Liquor store expenditure | 0 | 0% |
| Total | 67,114 | 100% |
Financial Institutions
[edit]Top ten banks by assets in New Jersey.[13]
| Rank | Bank | Assets $ millions 3/31/13 | Profit $ millions _____ | Headquarters | Employees |
|---|---|---|---|---|---|
| 1 | CIT Group Inc. | 44,966 | Livingston | ||
| 2 | Hudson City Bancorp | 40,283 | Paramus | ||
| 3 | |||||
| 4 | |||||
| 5 | |||||
| 6 | |||||
| 7 | |||||
| 8 | |||||
| 9 | |||||
| 10 |
References
[edit]- ^ http://www.bea.gov/newsreleases/regional/gdp_state/gsp_newsrelease.htm
- ^ http://www.census.gov/popest/data/state/totals/2012/index.html
- ^ http://bber.unm.edu/econ/st-gdp5.htm
- ^ http://www.newjersey-demographics.com/counties_by_population
- ^ http://www.newjersey-demographics.com/cities_by_population
- ^ http://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=34000&7001=1200&7002=1&7003=200&7004=NAICS&7005=-1&7093=Levels
- ^ http://money.cnn.com/magazines/fortune/fortune500/2012/states/CA.html
- ^ http://www.bls.gov/eag/home.htm
- ^ http://www.census.gov/govs/local/
- ^ http://www.census.gov/govs/local/
- ^ http://www.bea.gov/newsreleases/regional/gdp_state/gsp_newsrelease.htm
- ^ http://www.census.gov/govs/local/
- ^ http://www.ffiec.gov/nicpubweb/nicweb/Top50Form.aspx