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Economic Summary of West Virginia

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The GDP for West Virginia was $69 billion[1]. West Virginia had an estimated population of 1.855 million as of 2012[2]. The GDP per capita was $30,389 in 2012[3].

Counties

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There are 55 counties in West Virginia. Below are the top ten localities ranked by population 2010.[4]

Rank Locality Population 2010
1 Kanawha 193,063
2 Berkeley 104,169
3 Cabell 96,189
4 Monongalia 96,189
5 Wood 86,956
6 Raleigh 78,859
7 Harrison 69,099
8 Mercer 62,264
9 Marion 56,418
10 Putnam 55,486

Cities

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Top 10 cities in West Virginia by estimated city proper population in 2010.[5]

Rank City Locality Population 2010
1 Charleston 51,400
2 Huntington 49,138
3 Parkersburg 31,492
4 Morgantown 29,660
5 Wheeling 28,486
6 Weirton 19,746
7 Fairmont 18,074
8 Beckley 17,614
9 Martinsburg 17,227
10 Clarksburg 16,578

Industries

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West Virginia industries by GDP 2012.[6]

Industry GDP value added $ billions 2012 % of total GDP
Government 12.23 17.63%
Mining 9.03 13.02%
Health care and social assistance 6.37 9.18%
Real estate and rental leasing 6.33 9.12%
Retail trade 5.06 7.29%
Non-durable manufacturing 3.49 5.03%
Construction 3.11 4.48%
Wholesale trade 3.06 4.41%
Professional, scientific, and technical services 2.79 4.02%
Durable manufacturing 2.73 3.93%
Finance and insurance 2.41 3.47%
Accommodation and food services 2.35 3.39%
Transportation and warehousing 2.13 3.07%
Utilities 2.05 2.95%
Other private services 1.60 2.31%
Information 1.57 2.26%
Administrative and waste support services 1.50 2.16%
Management of companies and enterprises 0.64 0.92%
Arts, entertainment, and recreation 0.37 0.53%
Educational services 0.35 0.50%
Agriculture, forestry, fishing and hunting 0.24 0.35%
Total 69.38 100%

Employment

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West Virginia employment by industry in June 2013.[7]

Industry Employment thousands June 2013 Percent of total employment
Government 151.0 19.75%
Trade, transportation and utilities 135.5 17.72%
Education & health services 124.9 16.33%
Leisure & hospitality 75.3 9.85%
Professional & business services 65.3 8.54%
Other services 54.7 7.15%
Manufacturing 49.4 6.46%
Mining and logging 36.3 4.75%
Construction 35.1 4.59%
Financial activities 28.0 3.66%
Information 9.2 1.20%
Total non-farm 764.7 100%

Corporations

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Top 10 West Virginia based corporations by revenue in 2012[8]

There are no Fortune 500 companies in West Virginia. No companies had a revenue over 4.769 billion in 2012.

Rank Corporation Revenue $ millions 2012 Profit $ millions 2012 Assets 2012 Debt Ratio 2012 Headquarters Employees 2012 Market cap 3/29/12 $ billions Industry
1
2
3
4
5
6
7
8
9
10

Government Finances

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In 2011, the state government of West Virginia 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

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Top ten banks by assets in West Virginia

Rank Bank Assets $ millions Profit $ millions _____ Headquarters Employees
1
2
3
4
5
6
7
8
9
10

References

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http://meta.wikimedia.org/wiki/Global_Economic_Map