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Economic Summary of Rhode Island

The GDP for Rhode Island was $50 billion in 2012^[1]. Rhode Island had an estimated population of 1.050 million in 2012^[2]. The GDP per capita was $41,678 in 2012^[3].

Counties

There are 5 counties in Rhode Island. Below they ranked by population in 2010.

Rank	Locality	Population 2010
1	Providence	626,667
2	Kent	166,158
3	Washington	126,979
4	Newport	82,888
5	Bristol	49,875

List of counties in Rhode Island by population

Cities

Top 10 cities in Rhode Island by estimated city proper population in 2010.^[4]

Rank	City	Population 2010
1	Providence	178,042
2	Warwick	82,672
3	Cranston	80,387
4	Pawtucket	71,148
5	East Providence	47,148
6	Woonsocket	41,186
7	Newport	24,672
8	Central Falls	19,376
9	Westerly	17,936
10	Newport East	11,769

List of Rhode Island cities by population

Industries

Rhode Island industries by GDP 2012.^[5]

Industry	GDP value added $ billions 2012	% of total GDP
Real estate and rental leasing	7.65	15.01%
Government	6.73	13.21%
Finance and insurance	5.62	11.03%
Health care and social assistance	5.17	10.15%
Professional, scientific, and technical services	2.84	5.57%
Retail trade	2.76	5.42%
Wholesale trade	2.59	5.08%
Durable manufacturing	2.45	4.81%
Information	2.32	4.55%
Construction	2.07	4.06%
Accommodation and food services	1.75	3.43%
Management of companies and enterprises	1.54	3.02%
Non-durable manufacturing	1.47	2.88%
Educational services	1.39	2.73%
Administrative and waste support services	1.33	2.61%
Other private services	1.13	2.22%
Transportation and warehousing	0.85	1.67%
Utilities	0.76	1.49%
Arts, entertainment, and recreation	0.43	0.84%
Agriculture, forestry, fishing and hunting	D	-
Mining	D	-
Total	50.96	100%

Key: (D) Not shown in order to avoid the disclosure of confidential information; estimates are included in higher level totals.

Employment

Rhode Island employment by industry in June 2013.^[6]

Industry	Employment thousands June 2013	Percent of total employment
Education & health services	103.9	22.24%
Trade, transportation and utilities	73.7	15.77%
Government	59.6	12.76%
Professional & business services	59.6	12.76%
Leisure & hospitality	50.5	10.82%
Manufacturing	40.2	8.60%
Financial activities	33.1	7.08%
Construction	15.1	3.23%
Information	9.2	1.97%
Mining and logging	0.2	0.04%
Total non-farm	467.2	100%

Corporations

Top 10 Rhode Island based corporations by revenue in 2012^[7]

Rank	Corporation	Revenue $ millions 2012	Headquarters
1	CVS Caremark	107,750	Woonsocket
2	Textron	11,275	Providence
3
4
5
6
7
8
9
10

List of Rhode Island companies by revenue

Government Finances

In 2011, the state government of Rhode Island had total revenue of _____ billion. Total expenditures were _____ billion.^[8]

The total debt outstanding in 2011 was _____ billion^[9] (____% of GDP^[10]).

The total cash and security holdings in 2011 was _____ billion^[11].

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 Rhode Island^[12]

Rank	Bank	Assets $ millions 3/31/13	Headquarters
1	RBS Citizens Financial Group. Inc	126,322	Providence
2
3
4
5
6
7
8
9
10

List of Rhode Island banks by assets

References

External links

http://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.rhodeisland-demographics.com/cities_by_population

[5] ttp://www.bea.gov/iTable/iTable.cfm?ReqID=70&step=1#reqid=70&step=1&isuri=1&7036=-1&7007=2011&7093=Levels&7090=70&7006=53000&7001=1200&7002=1&7003=200&7004=NAICS&7005=-1&7035=-1

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

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

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

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

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

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

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

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