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ELEMENTARY RESOURCES

SOCIAL STUDIES :: ELEMENTARY RESOURCES :: STUDENT SAMPLER :: ECONOMY

GROSS STATE PRODUCT (GSP)

North Carolina's gross state product was $267.7 billion in 2001, which was a growth of 86% since 1991.

The top three manufacturing growth industries were chemicals and allied products, rubber and plastic, and tobacco products.

The top three non-manufacturing growth industries were finance, insurance and real estate (FIRE), construction, and services.

The top five industries contributing to the Gross State Product:

Finance, Insurance, Real Estate - $52 million
Services - $47 million
Government - $35 million
Retail Trade - $25 million
Transportation and Utilities - $18 million

 

NORTH CAROLINA EXPORTS

In 2003, North Carolina ranked 12th in the nation in manufactured exports with a sum of nearly $70 billion.

The top five countries for export included:

Canada - $ 3.9 billion
Japan - $1.6 billion
Mexico - $1.5 billion
Honduras - $695 million
United Kingdom - $687 million

The top five exports industries from North Carolina:

Machinery - $2.9 billion
Electric Machinery - $1.8 billion
Knit Apparel - $900 million
Tobacco - $877 million
Plastics - $824 million

 

EMPLOYMENT

The top five employers by industry are:

Manufacturing - 602,000
Healthcare and Social Assistance - 453,800
Retail Trade - 436,600
Educational Services - 325,100
Accommodation and Food Service - 292,000

Source: North Carolina Economic Review 2004. North Carolina Department of Commerce

 

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