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User:Mcnabber091/sandbox/Economic summary of North Carolina

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Economic Summary of North Carolina

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The GDP for North Carolina was $455 billion in 2012[1]. North Carolina had an estimated population of 9.752 million in 2012[2]. The GDP per capita was $40,289 in 2012[3].

Counties

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There are 100 counties in North Carolina[4]. Below are the top ten localities ranked by population 2010

Rank Locality Population 2010
1 Mecklenburg 919,628
2 Wake 900,993
3 Guilford 488,406
4 Forsyth 350,670
5 Cumberland 319,431
6 Durham 267,587
7 Buncombe 238,318
8 Gaston 206,086
9 New Hanover 202,667
10 Union 201,292

Cities

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

Rank City Locality Population 2010
1 Charlotte 731,424
2 Raleigh 403,892
3 Greensboro 269,666
4 Winston-Salem 229,617
5 Durham 228,330
6 Fayetteville 200,564
7 Cary 135,234
8 Wilmington 106,476
9 High Point 104,371
10 Greenville 84,554

Industries

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North Carolina industries by GDP 2012.[6]

Industry GDP value added $ billions 2012 % of total GDP
Government 65.60 14.87%
Non-durable manufacturing 54.40 11.93%
Finance and insurance 50.53 11.08%
Real estate and rental leasing 45.87 10.60%
Health care and social assistance 29.46 6.46%
Durable manufacturing 33.85 7.42%
Retail trade 24.72 5.42%
Professional, scientific, and technical services 24.38 5.35%
Wholesale trade 23.33 5.12%
Construction 15.26 3.35%
Information 13.59 2.98%
Administrative and waste support services 13.46 2.95%
Accommodation and food services 11.40 2.50%
Management of companies and enterprises 10.77 2.36%
Other private services 9.69 2.13%
Transportation and warehousing 9.65 2.12%
Utilities 7.79 1.71%
Educational services 4.64 1.02%
Arts, entertainment, and recreation 3.51 0.77%
Agriculture, forestry, fishing and hunting 3.87 0.85%
Mining 0.22 0.05%
Total 455.97 100%


Employment

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North Carolina employment by industry in June 2013.[7]

Industry Employment thousands June 2013 Percent of total employment
Trade, transportation and utilities 754.2 18.63%
Government 713.9 17.63%
Education & health services 554.9 13.71%
Professional & business services 550.7 13.60%
Manufacturing 441.2 10.90%
Leisure & hospitality 438.9 10.84%
Financial activities 206.5 5.10%
Construction 168.6 4.16%
Other services 141.7 3.50%
Information 72.4 1.79%
Mining and logging 5.4 0.13%
Total non-farm 4,048.4 100%

Corporations

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Top 10 North Carolina 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 Bank of America 115,074 Charlotte
2 Lowe's 50,208 Mooresville
3 Nucor 20,024 Charlotte
4 Duke Energy 14,529 Charlotte
5 BB&T 9,998 Winston-Salem
6 VF 9,459 Greensboro
7 Progress Energy 8,907 Raleigh
8 Family Dollar Store 8,547 Mathews
9 Reynolds American 8,541 Winston-Salem
10 Goodrich 8,075 Charlotte

Government Finances

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In 2011, the state government of North Carolina had total revenue of $63.19 billion. Total expenditures were $53.09 billion.[9]

The total debt outstanding in 2011 was $18.56 billion[10] (4.07% of GDP[11]).

The total cash and security holdings in 2011 was 92.83 billion[12].

Revenue by Source $ millions Percent of revenue
Insurance trust revenue 17,341 27.44%
Intergovernmental revenue from Federal Government 15,711 24.86%
Sales and gross receipts 9,935 15.72%
Individual income tax 9,870 15.62%
Charges and miscellaneous general revenue 7,403 11.71%
Corporate income tax 1,092 1.73%
Other taxes 936 1.48%
Motor vehicle license 568 0.90%
Intergovernmental revenue from local governments 338 0.53%
Utility revenue 0 0%
Liquor store revenue 0 0%
Property taxes 0 0%
Total 63,194 100%
Expenditure $ millions Percent of expenditure
Intergovernmental expenditure 13,633 21.57%
Public welfare 9,856 15.60%
Insurance trust expenditure 8,705 13.78%
Education 8,652 13.69%
Highways 3,195 5.06%
Hospitals 1,621 2.57%
Health 1,409 2.23%
Correction 1,421 2.25%
Parks and recreation 181 2.86%
Other and unallocable 861 1.36%
Judicial and legal 617 0.98%
Interest on general debt 570 0.90%
Natural resources 558 0.88%
Police protection 459 0.73%
Financial administration 370 0.59%
Housing and community development 346 0.55%
Veterans' services 22 0.35%
Employment security administration 212 0.34%
Protective inspection and regulation 131 0.21%
Other governmental administration 98 0.16%
Utility expenditure 48 0.08%
General public buildings 44 0.07%
Sea and inland port facilities 31 0.05%
Libraries 23 0.04%
Solid waste management 12 0.02%
Sewerage 5 <0.01%
Air transport 5 <0.01%
Parking facilities 2 <0.01%
Miscellaneous commercial activities 0 0%
Fire protection 0 0%
Liquor store expenditure 0 0%
Total 53,089 100%

Financial Institutions

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Top ten banks by assets in North Carolina[13]

Rank Bank Assets $ millions 3/31/13 Profit $ millions _____ Headquarters Employees
1 Bank of America Corporation 2,176,625 Charlotte
2 BB&T 180,836 Winston Salem
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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.northcarolina-demographics.com/
  5. ^ http://www.northcarolina-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=37000&7001=1200&7002=1&7003=200&7004=NAICS&7005=-1&7093=Levels
  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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