User:Mcnabber091/sandbox/Economic summary of Michigan

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Economic Summary of Michigan[edit]

The GDP for Michigan was $400 billion in 2012[1]. Michigan had an estimated population of $35,298 as of 2012[2]. The GDP per capita was $35,298 in 2012[3].

Counties[edit]

There are 83 counties in Michigan[4]. Below are the top ten localities ranked by population 2010.

Rank Locality Population 2010
1 Wayne 1,820,584
2 Oakland 1,202,362
3 Macomb 840,978
4 Kent 602,622
5 Genessee 425,790
6 Washtenaw 344,791
7 Ingham 280,895
8 Ottawa 263,801
9 Kalamazoo 250,331
10 Saginaw 200,169

Cities[edit]

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

Rank City Locality Population 2010
1 Detroit 713,777
2 Grand Rapids 188,040
3 Warren 134,056
4 Sterling Heights 129,699
5 Lansing 114,297
6 Ann Arbor 113,934
7 Flint 102,434
8 Dearborn 98,153
9 Livonia 96,942
10 Westland 84,094

Industries[edit]

Michigan industries by GDP 2012.[6]

Industry GDP value added $ billions 2012 % of total GDP
Durable manufacturing 48.71 12.15%
Government 45.79 11.43%
Real estate and rental leasing 44.92 11.22%
Health care and social assistance 35.809 8.93%
Professional, scientific, and technical services 31.36 7.83%
Retail trade 27.27 6.81%
Finance and insurance 25.82 6.44%
Wholesale trade 24.97 6.23%
Utilities 9.97 2.49%
Non-durable manufacturing 17.52 4.37%
Administrative and waste support services 14.34 3.58%
Accommodation and food services 11.58 2.89%
Construction 11.30 2.82%
Transportation and warehousing 10.61 2.65%
Other private services 10.63 2.65%
Information 10.22 2.55%
Management of companies and enterprises 8.03 2.00%
Agriculture, forestry, fishing and hunting 4.11 1.03%
Educational services 3.34 0.83%
Arts, entertainment, and recreation 3.06 0.76%
Mining 1.16 0.29%
Total 400.50 100%

Employment[edit]

Michigan employment by industry in June 2013.[7]

Industry Employment thousands June 2013 Percent of total employment
Trade, transportation and utilities 737.1 18.09%
Education & health services 642.1 15.76%
Government 608.7 14.94%
Professional & business services 586.6 14.39%
Manufacturing 551.1 13.52%
Leisure & hospitality 399.9 9.81%
Financial activities 197.9 4.86%
Other services 167.2 4.10%
Construction 124.9 3.06%
Information 52.0 1.28%
Mining and logging 7.8 0.19%
Total non-farm 4,075.3 100%

Corporations[edit]

Top 10 Michigan 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 General Motors 150,276 Detroit
2 Ford Motor 136,264 Dearborn
3 Dow Chemical 59,985 Midland
4 Whirlpool 18,666 Benton Harbor
5 TRW Automotive Holdings 16,244 Livonia
6 Lear 14,156 Southfield
7 Ally Financial 13,642 Detroit
8 Kellogg 13,198 Battle Creek
9 Penske Automotive Group 11,870 Bloomfield Hills
10 DTE Energy 8,897 Detroit

Government Finances[edit]

In 2011, the state government of Michigan 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 Michigan[13]

Rank Bank Assets $ millions 3/31/13 Profit $ millions _____ Headquarters Employees
1 Ally Financial 166,199 Detroit
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References[edit]

External links[edit]

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