User:Mcnabber091/sandbox/Economic summary of North Carolina
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Economic Summary of North Carolina
[edit]The GDP for North Carolina was $455 billion in 2012[1]. North Carolina had an estimated population of 9.752 million in 2012[2]. The GDP per capita was $40,289 in 2012[3].
Counties
[edit]There are 100 counties in North Carolina[4]. Below are the top ten localities ranked by population 2010
| Rank | Locality | Population 2010 |
|---|---|---|
| 1 | Mecklenburg | 919,628 |
| 2 | Wake | 900,993 |
| 3 | Guilford | 488,406 |
| 4 | Forsyth | 350,670 |
| 5 | Cumberland | 319,431 |
| 6 | Durham | 267,587 |
| 7 | Buncombe | 238,318 |
| 8 | Gaston | 206,086 |
| 9 | New Hanover | 202,667 |
| 10 | Union | 201,292 |
Cities
[edit]Top 10 cities in North Carolina by estimated city proper population in 2010[5]
| Rank | City | Locality | Population 2010 |
|---|---|---|---|
| 1 | Charlotte | 731,424 | |
| 2 | Raleigh | 403,892 | |
| 3 | Greensboro | 269,666 | |
| 4 | Winston-Salem | 229,617 | |
| 5 | Durham | 228,330 | |
| 6 | Fayetteville | 200,564 | |
| 7 | Cary | 135,234 | |
| 8 | Wilmington | 106,476 | |
| 9 | High Point | 104,371 | |
| 10 | Greenville | 84,554 |
Industries
[edit]North Carolina industries by GDP 2012.[6]
| Industry | GDP value added $ billions 2012 | % of total GDP |
|---|---|---|
| Government | 65.60 | 14.87% |
| Non-durable manufacturing | 54.40 | 11.93% |
| Finance and insurance | 50.53 | 11.08% |
| Real estate and rental leasing | 45.87 | 10.60% |
| Health care and social assistance | 29.46 | 6.46% |
| Durable manufacturing | 33.85 | 7.42% |
| Retail trade | 24.72 | 5.42% |
| Professional, scientific, and technical services | 24.38 | 5.35% |
| Wholesale trade | 23.33 | 5.12% |
| Construction | 15.26 | 3.35% |
| Information | 13.59 | 2.98% |
| Administrative and waste support services | 13.46 | 2.95% |
| Accommodation and food services | 11.40 | 2.50% |
| Management of companies and enterprises | 10.77 | 2.36% |
| Other private services | 9.69 | 2.13% |
| Transportation and warehousing | 9.65 | 2.12% |
| Utilities | 7.79 | 1.71% |
| Educational services | 4.64 | 1.02% |
| Arts, entertainment, and recreation | 3.51 | 0.77% |
| Agriculture, forestry, fishing and hunting | 3.87 | 0.85% |
| Mining | 0.22 | 0.05% |
| Total | 455.97 | 100% |
Employment
[edit]North Carolina employment by industry in June 2013.[7]
| Industry | Employment thousands June 2013 | Percent of total employment |
|---|---|---|
| Trade, transportation and utilities | 754.2 | 18.63% |
| Government | 713.9 | 17.63% |
| Education & health services | 554.9 | 13.71% |
| Professional & business services | 550.7 | 13.60% |
| Manufacturing | 441.2 | 10.90% |
| Leisure & hospitality | 438.9 | 10.84% |
| Financial activities | 206.5 | 5.10% |
| Construction | 168.6 | 4.16% |
| Other services | 141.7 | 3.50% |
| Information | 72.4 | 1.79% |
| Mining and logging | 5.4 | 0.13% |
| Total non-farm | 4,048.4 | 100% |
Corporations
[edit]Top 10 North Carolina 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 | Bank of America | 115,074 | Charlotte | ||||||
| 2 | Lowe's | 50,208 | Mooresville | ||||||
| 3 | Nucor | 20,024 | Charlotte | ||||||
| 4 | Duke Energy | 14,529 | Charlotte | ||||||
| 5 | BB&T | 9,998 | Winston-Salem | ||||||
| 6 | VF | 9,459 | Greensboro | ||||||
| 7 | Progress Energy | 8,907 | Raleigh | ||||||
| 8 | Family Dollar Store | 8,547 | Mathews | ||||||
| 9 | Reynolds American | 8,541 | Winston-Salem | ||||||
| 10 | Goodrich | 8,075 | Charlotte |
Government Finances
[edit]In 2011, the state government of North Carolina had total revenue of $63.19 billion. Total expenditures were $53.09 billion.[9]
The total debt outstanding in 2011 was $18.56 billion[10] (4.07% of GDP[11]).
The total cash and security holdings in 2011 was 92.83 billion[12].
| Revenue by Source | $ millions | Percent of revenue |
|---|---|---|
| Insurance trust revenue | 17,341 | 27.44% |
| Intergovernmental revenue from Federal Government | 15,711 | 24.86% |
| Sales and gross receipts | 9,935 | 15.72% |
| Individual income tax | 9,870 | 15.62% |
| Charges and miscellaneous general revenue | 7,403 | 11.71% |
| Corporate income tax | 1,092 | 1.73% |
| Other taxes | 936 | 1.48% |
| Motor vehicle license | 568 | 0.90% |
| Intergovernmental revenue from local governments | 338 | 0.53% |
| Utility revenue | 0 | 0% |
| Liquor store revenue | 0 | 0% |
| Property taxes | 0 | 0% |
| Total | 63,194 | 100% |
| Expenditure | $ millions | Percent of expenditure |
|---|---|---|
| Intergovernmental expenditure | 13,633 | 21.57% |
| Public welfare | 9,856 | 15.60% |
| Insurance trust expenditure | 8,705 | 13.78% |
| Education | 8,652 | 13.69% |
| Highways | 3,195 | 5.06% |
| Hospitals | 1,621 | 2.57% |
| Health | 1,409 | 2.23% |
| Correction | 1,421 | 2.25% |
| Parks and recreation | 181 | 2.86% |
| Other and unallocable | 861 | 1.36% |
| Judicial and legal | 617 | 0.98% |
| Interest on general debt | 570 | 0.90% |
| Natural resources | 558 | 0.88% |
| Police protection | 459 | 0.73% |
| Financial administration | 370 | 0.59% |
| Housing and community development | 346 | 0.55% |
| Veterans' services | 22 | 0.35% |
| Employment security administration | 212 | 0.34% |
| Protective inspection and regulation | 131 | 0.21% |
| Other governmental administration | 98 | 0.16% |
| Utility expenditure | 48 | 0.08% |
| General public buildings | 44 | 0.07% |
| Sea and inland port facilities | 31 | 0.05% |
| Libraries | 23 | 0.04% |
| Solid waste management | 12 | 0.02% |
| Sewerage | 5 | <0.01% |
| Air transport | 5 | <0.01% |
| Parking facilities | 2 | <0.01% |
| Miscellaneous commercial activities | 0 | 0% |
| Fire protection | 0 | 0% |
| Liquor store expenditure | 0 | 0% |
| Total | 53,089 | 100% |
Financial Institutions
[edit]Top ten banks by assets in North Carolina[13]
| Rank | Bank | Assets $ millions 3/31/13 | Profit $ millions _____ | Headquarters | Employees |
|---|---|---|---|---|---|
| 1 | Bank of America Corporation | 2,176,625 | Charlotte | ||
| 2 | BB&T | 180,836 | Winston Salem | ||
| 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.northcarolina-demographics.com/
- ^ http://www.northcarolina-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=37000&7001=1200&7002=1&7003=200&7004=NAICS&7005=-1&7093=Levels
- ^ http://www.bls.gov/eag/home.htm
- ^ http://money.cnn.com/magazines/fortune/fortune500/2012/states/CA.html
- ^ 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