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User:Mcnabber091/sandbox/Economic summary of Ohio

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Economic Summary of Ohio

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The GDP for Ohio was $509 billion in 2012[1]. Ohio had an estimated population of 11.544 million in 2012[2]. The GDP per capita was $37,690 in 2012[3].

Counties

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There are 88 counties in Ohio[4]. Below are the top ten localities ranked by population 2010

Rank Locality Population 2010
1 Cuyahoga 1,280,122
2 Franklin 1,163,414
3 Hamilton 802,374
4 Summit 541,781
5 Montgomery 535,153
6 Lucas 441,815
7 Stark 375,586
8 Butler 368,130
9 Lorain 301,356
10 Mahoning 238,823

Cities

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

Rank City Locality Population 2010
1 Columbus 787,033
2 Cleveland 396,815
3 Cincinati 296,943
4 Toledo 287,208
5 Akron 199,100
6 Dayton 141,527
7 Parma 81,601
8 Canton 73,007
9 Youngstown 66,982
10 Lorain 64,097

Industries

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Ohio industries by GDP 2012.[6]

Industry GDP value added $ billions 2012 % of total GDP
Government 56.58 11.11%
Real estate and rental leasing 51.43 10.10%
Durable manufacturing 47.54 9.33%
Health care and social assistance 46.57 9.14%
Non-durable manufacturing 39.63 7.78%
Finance and insurance 39.59 7.78%
Retail trade 33.14 6.51%
Wholesale trade 31.83 6.25%
Professional, scientific, and technical services 30.30 5.95%
Management of companies and enterprises 19.03 3.74%
Construction 16.32 3.20%
Administrative and waste support services 16.23 3.19%
Transportation and warehousing 15.91 3.12%
Information 13.90 2.72%
Accommodation and food services 13.60 2.67%
Other private services 11.90 2.34%
Utilities 10.84 2.13%
Educational services 4.96 0.97%
Agriculture, forestry, fishing and hunting 4.28 0.84%
Arts, entertainment, and recreation 3.99 0.78%
Mining 1.79 0.35%

Employment

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Ohio employment by industry in June 2013.[7]

Industry Employment thousands June 2013 Percent of total employment
Trade, transportation and utilities 973.3 18.71%
Education & health services 882.1 16.96%
Government 749.6 14.4%
Professional & business services 674.6 12.97%
Manufacturing 668.0 12.84%
Leisure & hospitality 511.6 9.84%
Financial activities 279.2 5.37%
Other services 205.4 3.94%
Construction 178.2 3.43%
Information 73.5 1.41%
Mining and logging 12.5 0.24%
Total non-farm 5,201.5 100%

Corporations

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Top 10 Ohio 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 Cardinal Health 102,644 Dublin
2 Kroger 90,374 Cincinnati
3 Procter & Gamble 82,559 Cincinnati
4 Marathon Petroleum 73,645 Findlay
5 Nationwide 30,698 Columbus
6 Macy's 26,405 Columbus
7 Goodyear Tire & Rubber 22,767 Akron
8 FirstEnergy 16,258 Akron
9 Eaton 16,049 Cleveland
10 Progressive 15,508 Mayfield Village

Government Finances

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In 2011, the state government of Ohio had total revenue of $96.87 billion. Total expenditures were $79.20 billion.[9]

The total debt outstanding in 2011 was $30.97 billion[10] (6.08% of GDP[11]).

The total cash and security holdings in 2011 was $195 billion[12].

Revenue by Source $ millions Percent of revenue
Intergovernmental revenue from Federal Government 23,570 24.33%
Sales and gross receipts 12,591 13.00%
Charges and miscellaneous general revenue 12,689 12.10%
Individual income tax 8,820 9.10%
Other taxes 2,659 2.74%
Liquor store revenue 809 0.84%
Motor vehicle license 711 0.73%
Intergovernmental revenue from local governments 564 0.58%
Insurance trust revenue 34,224 0.35%
Corporate income tax 237 0.24%
Property taxes 0 0%
Utility revenue 0 0%
Total 96,872 100%
Expenditure $ millions Percent of expenditure
Intergovernmental expenditure 18,412 23.25%
Insurance trust expenditure 17,791 22.46%
Public welfare 17,257 21.79%
Education 10,571 13.35%
Highways 2,699 3.41%
Hospitals 2,660 3.36%
Interest on general debt 1,496 1.89%
Correction 1,452 1.83%
Health 1,425 1.80%
Financial administration 1,243 1.57%
Other and unallocable 834 1.05%
Liquor store expenditure 497 0.63%
Solid waste management 382 0.48%
Housing and community development 382 0.48%
Natural resources 368 0.46%
Judicial and legal 345 0.44%
Employment security administration 338 0.43%
Police protection 277 0.35%
Protective inspection and regulation 233 0.29%
Other governmental administration 84 0.11%
Sewerage 91 0.11%
Parks and recreation 91 0.11%
General public buildings 59 0.07%
Veterans' services 35 0.04%
Libraries 13 0.01%
Miscellaneous commercial activities 0 0%
Utility expenditure 0 0%
Fire protection 0 0%
Air transport 0 0%
Parking facilities 0 0%
Sea and inland port facilities 0 0%
Total 79,201 100%

Financial Institutions

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Top ten banks by assets in Ohio.[13]

Rank Bank Assets $ millions 3/31/13 Profit $ millions 2012 Headquarters Employees
1 Fifth Third Bancorp 121,382 Cincinnati
2 Key Corp 89,441 Cleveland
3 Huntington Bancshares Incorporated 56,054 Columbus
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References

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  1. ^ http://www.bea.gov/newsreleases/regional/gdp_state/gsp_newsrelease.htm
  2. ^ http://www.census.gov/popest/data/state/totals/2012/index.html
  3. ^ http://bber.unm.edu/econ/st-gdp5.htm
  4. ^ http://www.ohio-demographics.com/counties_by_population
  5. ^ http://www.ohio-demographics.com/cities_by_population
  6. ^ 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=39000&7001=1200&7002=1&7003=200&7004=NAI
  7. ^ http://www.bls.gov/eag/home.htm
  8. ^ http://money.cnn.com/magazines/fortune/fortune500/2012/states/CA.html
  9. ^ http://www.census.gov/govs/local/
  10. ^ http://www.census.gov/govs/local/
  11. ^ http://www.bea.gov/newsreleases/regional/gdp_state/gsp_newsrelease.htm
  12. ^ http://www.census.gov/govs/local/
  13. ^ http://www.ffiec.gov/nicpubweb/nicweb/Top50Form.aspx
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