User:Mcnabber091/sandbox/Economic summary of Virginia
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![](http://upload.wikimedia.org/wikipedia/commons/thumb/4/47/Flag_of_Virginia.svg/300px-Flag_of_Virginia.svg.png)
Economic Summary of Virginia
[edit]The GDP for Virginia was $445 billion[1]. Virginia had an estimated population of 8.185 million as of 2012[2]. The GDP per capita was $47,127[3]
Counties
[edit]There are 93 counties in Virginia[4]. Below are the top ten localities ranked by population 2010.
Rank | Locality | Population 2010 |
---|---|---|
1 | Fairfax | 1,081,726 |
2 | Prince William | 402,002 |
3 | Chesterfield | 316,236 |
4 | Loudoun | 312,311 |
5 | Henrico | 306,935 |
6 | Arlington | 207,627 |
7 | Stafford | 128,961 |
8 | Sportsylvania | 122,397 |
9 | Hanover | 99,863 |
10 | Albermarle | 98,970 |
Cities
[edit]Top 10 cities in Virginia by estimated city proper population in 2010[5]
Rank | City | Locality | Population 2010 |
---|---|---|---|
1 | Virginia Beach | 437,994 | |
2 | Norfolk | 242,803 | |
3 | Chesapeake | 222,209 | |
4 | Arlington | 207,627 | |
5 | Richmond | 204,214 | |
6 | Newport News | 180,719 | |
7 | Alexandria | 139.966 | |
8 | Hampton | 137,436 | |
9 | Roanoke | 97,032 | |
10 | Portsmouth | 95,535 |
Industries
[edit]Virginia industries by GDP 2012.
Industry | GDP value added $ billions 2012 | % of total GDP |
---|---|---|
Government | 81.87 | 18.36% |
Professional, scientific, and technical services | 61.07 | 13.70% |
Real estate and rental leasing | 57.11 | 12.80% |
Finance and insurance | 29.08 | 6.52% |
Health care and social assistance | 26.85 | 6.02% |
Non-durable manufacturing | 25.43 | 5.70% |
Retail trade | 23.42 | 5.25% |
Information | 18.30 | 4.10% |
Wholesale trade | 16.96 | 3.80% |
Construction | 14.95 | 3.35% |
Durable manufacturing | 14.69 | 3.29% |
Administrative and waste support services | 12.60 | 2.83% |
Other private services | 12.03 | 2.70% |
Management of companies and enterprises | 11.49 | 2.58% |
Accommodation and food services | 11.31 | 2.54% |
Transportation and warehousing | 10.77 | 2.42% |
Utilities | 7.18 | 1.61% |
Educational services | 4.21 | 0.94% |
Arts, entertainment, and recreation | 2.59 | 0.58% |
Mining | 2.34 | 0.52% |
Agriculture, forestry, fishing and hunting | 1.62 | 0.36% |
Total | 445.88 | 100% |
Employment
[edit]Virginia employment by industry in June 2013.[6]
Industry | Employment thousands June 2013 | Percent of total employment |
---|---|---|
Government | 715.0 | 18.98% |
Professional & business services | 684.2 | 18.16% |
Trade, transportation and utilities | 637.4 | 16.19% |
Education & health services | 486.4 | 12.91% |
Leisure & hospitality | 364.7 | 9.68% |
Manufacturing | 231.0 | 6.13% |
Financial activities | 196.1 | 5.21% |
Other services | 190.5 | 5.06% |
Construction | 180.3 | 4.79% |
Information | 70.9 | 1.88% |
Mining and logging | 10.7 | 0.28% |
Total non-farm | 3,767.2 | 100% |
Corporations
[edit]Top 10 Virginia 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 | Freddie Mac | 88,262 | McLean | ||||||
2 | General Dynamics | 32,677 | Falls Church | ||||||
3 | Northrop Grumman | 28,058 | Falls Church | ||||||
4 | Capital One Financial | 18,525 | McLean | ||||||
5 | AES | 17,759 | Arlington | ||||||
6 | Altria Group | 16,619 | Richmond | ||||||
7 | Computer Sciences | 16,144 | Falls Church | ||||||
8 | Dominion Resources | 14,379 | Richmond | ||||||
9 | Smithfield Foods | 12,203 | Smithfield | ||||||
10 | Norfolk Southern | 11,172 | Norfolk Southern |
Government Finances
[edit]In 2011, the state government of Virginia had total revenue of $50.78 billion. Total expenditures were $45.55 billion.[8]
The total debt outstanding in 2011 was $26.48 billion[9] (5.95% of GDP[10]).
The total cash and security holdings in 2011 was $78.91 billion[11].
Revenue by Source | $ millions | Percent of revenue |
---|---|---|
Charges and miscellaneous general revenue | 11,272 | 22.20% |
Insurance trust revenue | 11,011 | 21.68% |
Intergovernmental revenue from Federal Government | 9,997 | 19.68% |
Individual income tax | 9,530 | 18.77% |
Sales and gross receipts | 5,850 | 11.52% |
Corporate income tax | 798 | 1.57% |
Other taxes | 751 | 1.48% |
Liquor store revenue | 575 | 1.13% |
Intergovernmental revenue from local governments | 515 | 1.01% |
Motor vehicle license | 438 | 0.86% |
Property taxes | 39 | 0.08% |
Utility revenue | 0 | 0% |
Total | 50,781 | 100% |
Expenditure | $ millions | Percent of expenditure |
---|---|---|
Intergovernmental expenditure | 11,489 | 25.22% |
Public welfare | 8,629 | 18.94% |
Education | 7,836 | 17.20% |
Insurance trust expenditure | 4,732 | 10.39% |
Hospitals | 3,253 | 7.14% |
Highways | 2,792 | 6.13% |
Natural resources | 211 | 4.63% |
Correction | 1,193 | 2.62% |
Interest on general debt | 1,106 | 2.43% |
Other and unallocable | 678 | 1.49% |
Health | 672 | 1.48% |
Financial administration | 485 | 1.06% |
Liquor store expenditure | 467 | 1.03% |
Judicial and legal | 413 | 0.91% |
Sea and inland port facilities | 349 | 0.77% |
Police protection | 307 | 0.67% |
Housing and community development | 179 | 0.39% |
Employment security administration | 160 | 0.35% |
General public buildings | 156 | 0.34% |
Parks and recreation | 108 | 0.24% |
Other governmental administration | 60 | 0.13% |
Sewerage | 29 | 0.06% |
Libraries | 19 | 0.04% |
Air transport | 11 | 0.02% |
Veterans' services | 8 | 0.02% |
Solid waste management | 3 | <0.01% |
Miscellaneous commercial activities | 0 | 0% |
Utility expenditure | 0 | 0% |
Parking facilities | 0 | 0% |
Fire protection | 0 | 0% |
Total | 45,549 | 100% |
Financial Institutions
[edit]Top ten banks by assets in Virginia[12]
Rank | Bank | Assets $ millions 3/31/13 | Profit $ millions _____ | Headquarters | Employees |
---|---|---|---|---|---|
1 | Capital One Financial Corporation | 300,293 | McLean | ||
2 | |||||
3 | |||||
4 | |||||
5 | |||||
6 | |||||
7 | |||||
8 | |||||
9 | |||||
10 |
References
[edit]- ^ http://www.census.gov/popest/data/state/totals/2012/index.html
- ^ http://www.census.gov/popest/data/state/totals/2012/index.html
- ^ http://bber.unm.edu/econ/st-gdp5.htm
- ^ http://www.virginia-demographics.com/counties_by_population
- ^ http://www.virginia-demographics.com/cities_by_population
- ^ 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