User:Mcnabber091/sandbox/Economic summary of Massachusetts

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Economic Summary of Massachusetts[edit]

The GDP for Massachusetts was $403 billion[1]. Massachusetts had an estimated population of 6.646 million in 2012[2]. The GDP per capita was $53,221 in 2012[3].

Counties[edit]

There are 14 counties in Massachusetts[4]. Below are the counties ranked by population 2010

Rank Locality Population 2010
1 Middlesex 1,503,085
2 Worcester 7898,552
3 Essex 743,159
4 Suffolk 722,023
5 Norfolk 670,850
6 Bristol 548,285
7 Plymouth 494,919
8 Hampden 463,490
9 Barnstable 215,888
10 Hampshire 158,080

Cities[edit]

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

Rank City Locality Population 2010
1 Boston 617,594
2 Worcester 181,045
3 Springfield 153,060
4 Lowell 106,519
5 Cambridge 105,162
6 New Bedford 95,072
7 Brockton 93,810
8 Quincy 92,271
9 Lynn 90,329
10 Fall River 88,857

Industries[edit]

Massachusetts industries by GDP 2012.[6]

Industry GDP value added $ billions 2012 % of total GDP
Real estate and rental leasing 56.95 14.10%
Professional, scientific, and technical services 49.44 12.24%
Health care and social assistance 39.74 9.84%
Government 38.10 9.43%
Finance and insurance 37.02 9.17%
Durable manufacturing 30.66 7.59%
Wholesale trade 20.23 5.00%
Retail trade 18.27 4.52%
Information 19.78 4.90%
Accommodation and food services 12.35 3.06%
Construction 12.33 3.05%
Educational services 11.83 2.93%
Administrative and waste support services 11.14 2.76%
Non-durable manufacturing 10.97 2.72%
Management of companies and enterprises 9.41 2.33%
Other private services 8.63 2.14%
Transportation and warehousing 6.83 1.69%
Utilities 5.29 1.31%
Arts, entertainment, and recreation 3.97 0.98%
Agriculture, forestry, fishing and hunting 0.749 0.18%
Mining 0.131 0.03%
Total 403.82 100%

Employment[edit]

Massachusetts employment by industry in June 2013.[7]

Industry Employment thousands June 2013 Percent of total employment
Education & health services 704.2 21.21%
Trade, transportation and utilities 554.1 16.69%
Professional & business services 503.7 15.17%
Government 440.0 13.25%
Leisure & hospitality 328.9 9.91%
Manufacturing 249.5 7.52%
Financial activities 205.9 6.20%
Other services 125.4 3.78%
Construction 118.6 3.57%
Information 88.4 2.66%
Mining and logging 0.9 0.02%
Total non-farm 3,319.6 100%

Corporations[edit]

Top 10 Massachusetts 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 Liberty Mutual Insurance Group 34,671 Boston
2 Staples 25,022 Framingham
3 Raytheon 24,857 Waltham
4 Massachusetts Mutual Life Insurance 24,226 Springfield
5 TJX 23,191 Framingham
6 EMC 20,008 Hopkinton
7 Global Partners 14,836 Waltham
8 Thermo Fisher Scientific 11,780 Waltham
9 State Street 10,207 Boston
10 Boston Scientific 7,622 Natick

Government Finances[edit]

In 2011, the state government of Massachusetts 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[edit]

Top ten banks by assets in Massachusetts[13]

Rank Bank Assets $ millions 3/31/13 Profit $ millions _____ Headquarters Employees
1 State Street Corporation 217,852 Boston
2 Santander holdings USA 82,733 Boston
3
4
5
6
7
8
9
10

References[edit]

  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.massachusetts-demographics.com/
  5. ^ http://www.georgia-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=25000&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

External links[edit]

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

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