User:Mcnabber091/sandbox/Economic summary of Minnesota
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![](http://upload.wikimedia.org/wikipedia/commons/thumb/b/b9/Flag_of_Minnesota.svg/300px-Flag_of_Minnesota.svg.png)
Economic Summary of Minnesota
[edit]The GDP for Minnesota was $294 billion in 2012[1]. Minnesota had an estimated population of 5.726 million as of 2012[2]. The GDP per capita was $39,308 in 2012[3].
Counties
[edit]There are 87 counties in Minnesota[4]. Below are the top ten localities ranked by population 2010.
Rank | Locality | Population 2010 |
---|---|---|
1 | Hennepin | 1,152,425 |
2 | Ramsey | 508,640 |
3 | Dakota | 398,552 |
4 | Anoka | 330,844 |
5 | Washington | 238,136 |
6 | St. Louis | 200,226 |
7 | Stearns | 150,642 |
8 | Olmsted | 144,248 |
9 | Scott | 129,928 |
10 | Wright | 124,700 |
Cities
[edit]Top 10 cities in Minnesota by estimated city proper population in 2010.[5]
Rank | City | Locality | Population 2010 |
---|---|---|---|
1 | Minneapolis | 382.578 | |
2 | St. Paul | 285,068 | |
3 | Rochester | 106,769 | |
4 | Duluth | 86,265 | |
5 | Bloomington | 82,893 | |
6 | Brooklyn Park | 75,781 | |
7 | Plymouth | 70,576 | |
8 | St. Cloud | 65,842 | |
9 | Eagan | 64,206 | |
10 | Woodbury | 62,961 |
Industries
[edit]Minnesota industries by GDP 2012.[6]
Industry | GDP value added $ billions 2012 | % of total GDP |
---|---|---|
Real estate and rental leasing | 36.50 | 12.38% |
Finance and insurance | 28.80 | 9.77% |
Government | 28.61 | 9.71% |
Health care and social assistance | 25.96 | 8.81% |
Durable manufacturing | 24.01 | 8.15% |
Wholesale trade | 19.88 | 6.75% |
Professional, scientific, and technical services | 18.46 | 6.26% |
Non-durable manufacturing | 16.44 | 5.58% |
Retail trade | 16.34 | 5.54% |
Management of companies and enterprises | 11.25 | 3.82% |
Construction | 10.58 | 3.59% |
Information | 10.10 | 3.43% |
Transportation and warehousing | 8.22 | 2.79% |
Agriculture, forestry, fishing and hunting | 7.45 | 2.53% |
Administrative and waste support services | 6.91 | 2.34% |
Accommodation and food services | 6.86 | 2.33% |
Other private services | 6.56 | 2.23% |
Utilities | 5.04 | 1.71% |
Arts, entertainment, and recreation | 2.98 | 1.01% |
Educational services | 2.94 | 1.00% |
Mining | 0.83 | 0.28% |
Total | 294.73 | 100% |
Employment
[edit]Minnesota employment by industry in June 2013.[7]
Industry | Employment thousands June 2013 | Percent of total employment |
---|---|---|
Information | 53.8 | 19.40% |
Trade, transportation and utilities | 511.4 | 18.45% |
Education & health services | 488.3 | 17.61% |
Government | 413.4 | 14.91% |
Professional & business services | 351.6 | 12.68% |
Manufacturing | 304.7 | 10.99% |
Leisure & hospitality | 250.6 | 9.04% |
Financial activities | 177.3 | 6.39% |
Other services | 116.4 | 4.19% |
Construction | 97.6 | 3.52% |
Mining and logging | 7.4 | 0.27% |
Total non-farm | 2,772.5 | 100% |
Corporations
[edit]Top 10 Minnesota 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 | UnitedHealth Group | 101,862 | Minnetonka | ||||||
2 | Target | 69,865 | Minneapolis | ||||||
3 | Best Buy | 50,272 | Richfield | ||||||
4 | Supervalu | 37,534 | Eden Prairie | ||||||
5 | CHS | 36,915 | Inver Grove Heights | ||||||
6 | 3M | 29,611 | St. Paul | ||||||
7 | U.S. Bancorp | 21,399 | Minneapolis | ||||||
8 | Medtonic | 15,933 | Minneapolis | ||||||
9 | General Mills | 14,880 | Minneapolis | ||||||
10 | Land O'Lakes | 12,849 | Arden Hills |
Government Finances
[edit]In 2011, the state government of Minnesota 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
[edit]Top ten banks by assets in Minnesota.[13]
Rank | Bank | Assets $ millions 3/31/2013 | Profit $ millions _____ | Headquarters | Employees |
---|---|---|---|---|---|
1 | U.S. Bancorp | 355,447 | Minneapolis | ||
2 | |||||
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.minnesota-demographics.com/counties_by_population
- ^ http://www.minnesota-demographics.com/cities_by_population
- ^ http://www.bea.gov/newsreleases/regional/gdp_state/gsp_newsrelease.htm
- ^ 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