Great Lakes & St. Lawrence Region 2015 Economy Profile Update
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1 Great Lakes & St. Lawrence Region 2015 Economy Profile Update
2 Great Lakes & St. Lawrence Region Best available data as of March
3 Non-Farm Economy $5.5 trillion GDP (83% states / 17% Canadian provinces) million people (80% states / 20% Canadian provinces) 40.7 million private employees (79% states / 21% Canadian provinces) 84 Financial Times Global 500 HQs (72 in states / 11 in Canadian provinces) Specializations Within Nearly All Major Sectors (see following pages for detail) Manufacturing Wholesale Trade Transportation & Warehousing Information Finance & Insurance Professional, Scientific & Technical Services Retail Trade Educational Services Health Care & Social Assistance Arts, Entertainment & Recreation 3
4 Manufacturing states provinces states provinces Manufacturing TOTAL $ % 16.4% 5,122, % 20.6% Paper (converted paper products) (1) (1) (1) 181, % 22.9% Printing & related support (1) (1) (1) 215, % 17.4% Plastics & Rubber Products (plastics) Primary Metal (iron & steel mills; ferroalloy; steel; aluminum; nonferrous metal; foundries) Fabricated Metal (forging & stamping; handtools; boiler, tank & shipping containers; hardware; spring & wire products; machine shops; heat treating; other) (1) (1) (1) 339, % 21.3% (1) (1) (1) 238, % 18.5% (1) (1) (1) 682, % 15.9% 4
5 Manufacturing (cont.) Food (sugar & confectionery, dairy products, grain & oilseed milling; bakeries & tortillas; fruit & veg preserving/specialty food) Leather & Allied Products (leather & hide finishing) Chemicals (pharmaceuticals & medicines; paint & adhesives; soap & cleaning products; other) Nonmetallic Minerals (glass products) states provinces states provinces (1) (1) (1) 567, %% 24.4% (1) (1) (1) 10, % 22.7% (1) (1) (1) 317, % 20.0% (1) (1) (1) 148, % 23.3% 5
6 Manufacturing (cont.) Transportation Equipment (body & trailers; parts) Furniture (office furniture) Electrical Equipment, Appliance, & Component (household appliance; electrical equipment; other) Machinery (industrial; commercial & service; metalworking; engine/turbine; other) states provinces states provinces (1) (1) (1) 674, % 21.7% (1) (1) (1) 170, % 29.2% (1) (1) (1) 170, % 17.1% (1) (1) (1) 544, % 16.3% 6
7 Wholesale Trade states provinces states provinces Wholesale Trade TOTAL $ % 16.9% 2,107, % 23.3% Apparel (1) (1) (1) 68, % 32.2% Household Appliances, Electric Housewares, & Consumer Electronics Motor Vehicle & Motor Vehicle Parts & Supplies Electrical Apparatus & Equipment, Wiring Supplies, & Related Equipment Metal & Mineral (except Petroleum) Drugs (drugs & druggists sundries) (1) (1) (1) 12, % 43.0% (1) (1) (1) 144, % 26.1% (1) (1) (1) 72, % 42.6% (1) (1) (1) 57, % 21.4% (1) (1) (1) 85, % 37.6% 7
8 Transportation & Warehousing states provinces states provinces Transp. & Whsg. TOTAL $ % 22.0% 1,613, % 25.4% Transit & Ground Passenger (urban transit systems; school & employee buses) Other Support Activities for Transportation (1) (1) (1) 264, % 33.9% (1) (1) (1) 12, % 26.3% 8
9 Information, Professional Services, Retail Trade states provinces states provinces Information TOTAL $ % 13.0% 925, % 23.0% Newspaper, Periodical, Book, & Directory Publishers (1) (1) (1) 203, % 17.1% Professional, Scientific & Tech. Services TOTAL $ % 14.7% 2,672, % 19.5% Specialized Design (1) (1) (1) 54, % 19.3% Advertising (1) (1) (1) 210, % 18.6% Retail Trade TOTAL $ % 17.1% 5,209, % 21.9% Nonstore Retail (vending machine operators) (1) (1) (1) 169, % 10.0% 9
10 Finance & Insurance, Real Estate states provinces states provinces Finance & Insurance TOTAL (3) $ % 15.1% 2,195, % 21.1% Securities, Commodities & Investments (contract intermediation & brokerage; securities & commodity exchanges; other investment activities) (1) (1) (1) 419, % 18.7% Insurance Carriers (1) (1) (1) 510, % 18.4% Real Estate TOTAL (3) $ % 16.9% 677, % 23.5% Lessors of Real Estate (1) (1) (1) 257, % 26.7% Lessors of Nonfinancial Intangible Assets (except copyrighted works) (1) (1) (1) 11, % 41.5% (3) adjusted many of the industry codes corresponding to the finance, insurance, and real estate sectors that may result in inconsistent year-over-year comparisons 10
11 Education, Healthcare & Social Services states provinces states provinces Educational Services TOTAL $ % 45.2% 1,663, % 44.8% Healthcare & Social Assistance TOTAL Nursing & Residential Care Facilities (residential intellectual & developmental disability, mental health, & substance abuse; other) Hospitals (general & surgical) $ % 15.5% 6,507, % 16.2% (1) (1) (1) 1,340, % 17.3% (1) (1) (1) 1,980, % 18.3% 11
12 Arts & Leisure, Accommodation & Food Services states provinces states provinces Arts, Entertainment & Rec. TOTAL $ % 13.1% 714, % 21.3% Performing Arts Companies (1) (1) (1) 49, % 20.6% Promoters of Performing Arts, Sports, & Similar Events Museums, Historical Sites, & Similar Institutions (1) (1) (1) 49, % 25.2% (1) (1) (1) 61, % 20.1% Gambling Industries (1) (1) (1) 65, % 34.7% Accommodation & Food Services TOTAL $ % 14.2% 3,723, % 17.7% Drinking Places (alcoholic beverages) (1) (1) (1) 153, % 16.5% 12
13 Other Services states provinces states provinces Other Services TOTAL $ % 16.5% 1,578, % 20.1% Religious, Grantmaking, Civic, Professional, & Similar Organizations Civic & Social Organizations Business, Professional, Labor & Political Organizations (1) (1) (1) 623, % 22.6% (1) (1) (1) 207, % 24.5% (1) (1) (1) 193, % 31.8% 13
14 Demographics & Agriculture Demographics million people (80% states / 20% Canadian provinces) 41.2 million households (78% states / 22% Canadian provinces) Agriculture $114.9 billion GDP (81% states / 19% Canadian provinces) 582,967 farms (86% states / 14% Canadian provinces) million farm acres (85% states / 15% Canadian provinces) million acres of cropland (88% states / 12% Canadian provinces) Harvested Crops (millions of tons) Corn for grain: (93% states / 7% Canadian provinces) Soybeans: 41.7 (92% states / 8% Canadian provinces) Wheat for grain: 8.3 (72% states / 28% Canadian provinces) Oats for grain: 0.7 (64% states / 36% Canadian provinces) Sugar Beets: 16.7 (100% states) Livestock & Poultry (number of animals) Milk Cows: 4.5 (85% states / 15% Canadian provinces) Hogs & Pigs: 27.8 (74% states / 26% Canadian provinces) Egg-Producing Hens: (88% states / 12% Canadian provinces) 14
15 An Economy Rivaling Nations Rank Country or Region Gross Product (2013, $ billions) 1 United States 16,768 2 China 9,240 3 Great Lakes & St. Lawrence Economy 5,507 4 Japan 4,920 5 Germany 3,730 6 France 2,806 7 United Kingdom 2,678 8 Brazil 2,246 9 Italy 2, Russian Federation 2, India 1, , Australia 1, Spain 1, Korea, Rep. 1, Mexico 1, Indonesia Netherlands Turkey Saudi Arabia
16 An Economy Rivaling Nations LEGEND *GROSS PRODUCT 2013 ($ BILLIONS) 2 CHINA *9, INDONISIA * KOREA, REP. *1,305 4 JAPAN *4, ATRALIA *1, CANADA *1,827 1 UNITED STATES *16, MEXICO *1,261 3 GREAT LAKES ST. LAWRENCE REGION *5,507 8 BRAZIL *2, NETHERLANDS *853 7 U.K. *2,678 6 FRANCE *2, SPAIN *1,393 5 GERMANY *3,730 9 ITALY *2, TURKEY * RSIAN FED. *2, INDIA *1, SAUDI ARABIA *748 16
17 As Big as a Country Rank Country or Region Population (2013, Millions) 1 China 1,357 2 India 1,252 3 United States Indonesia Brazil Pakistan Nigeria Bangladesh Russian Federation Japan Mexico Great Lakes & St. Lawrence Economy Philippines Ethiopia Vietnam Egypt, Arab Rep Germany Iran, Islamic Rep Turkey Congo 68 17
18 Data Sources U.S. Dept. of Commerce Bureau of Economic Analysis 2013 gross state product U.S. Dept. of Commerce Census Bureau 2013 U.S. & state demographic estimates U.S. Dept. of Labor Bureau of Labor Statistics 2013 state employment U.S. Dept. of Agriculture 2012 Census of National Agricultural Statistics Service (adjusted to $D 2013) Statistics 2013 gross domestic product & gross provincial product ($CAD chained 2007 adjusted to $D 2013) 2013 Canadian & provincial employment 2013 Canadian & provincial population estimates 2013 Field Crop Reporting Series 2011 Canadian & provincial household estimates 2011 Canadian Census of Agriculture (adjusted to $D 2013) Moody s Analytics 2013 U.S. employment & gross domestic product Financial Times 2014 FT Global 500 (2013 data) The World Bank 2013 gross domestic product by country 2013 population by country Best available data as of February
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January-10 February-10 March-10 April-10 111 Crop Production $ 26,331.97 $ 26,393.05 $ 69,200.44 $ 281,670.88 112 Animal Production $ 6,594.84 $ 6,705.43 $ 17,973.29 $ 8,190.77 114 Fishing, Hunting and
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