Great Lakes & St. Lawrence Region 2015 Economy Profile Update
Great Lakes & St. Lawrence Region Best available data as of March 2011 2
Non-Farm Economy $5.5 trillion GDP (83% states / 17% Canadian provinces) 105.7 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
Manufacturing states provinces states provinces Manufacturing TOTAL $742.9 83.6% 16.4% 5,122,372 79.4% 20.6% Paper (converted paper products) (1) (1) (1) 181,637 77.1% 22.9% Printing & related support (1) (1) (1) 215,516 82.6% 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) 339,563 78.7% 21.3% (1) (1) (1) 238,943 81.5% 18.5% (1) (1) (1) 682,407 84.1% 15.9% 4
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) 567,012 75.6%% 24.4% (1) (1) (1) 10,805 77.3% 22.7% (1) (1) (1) 317,694 80.0% 20.0% (1) (1) (1) 148,031 76.7% 23.3% 5
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) 674,638 78.3% 21.7% (1) (1) (1) 170,560 70.8% 29.2% (1) (1) (1) 170,784 82.9% 17.1% (1) (1) (1) 544,794 83.7% 16.3% 6
Wholesale Trade states provinces states provinces Wholesale Trade TOTAL $335.5 83.1% 16.9% 2,107,026 76.7% 23.3% Apparel (1) (1) (1) 68,473 67.8% 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) 12,081 57.0% 43.0% (1) (1) (1) 144,409 73.9% 26.1% (1) (1) (1) 72,511 57.4% 42.6% (1) (1) (1) 57,721 78.6% 21.4% (1) (1) (1) 85,505 62.4% 37.6% 7
Transportation & Warehousing states provinces states provinces Transp. & Whsg. TOTAL $159.9 78.0% 22.0% 1,613,202 74.6% 25.4% Transit & Ground Passenger (urban transit systems; school & employee buses) Other Support Activities for Transportation (1) (1) (1) 264,122 66.1% 33.9% (1) (1) (1) 12,952 73.7% 26.3% 8
Information, Professional Services, Retail Trade states provinces states provinces Information TOTAL $260.4 87.0% 13.0% 925,888 77.0% 23.0% Newspaper, Periodical, Book, & Directory Publishers (1) (1) (1) 203,174 82.9% 17.1% Professional, Scientific & Tech. Services TOTAL $373.2 85.3% 14.7% 2,672,540 80.5% 19.5% Specialized Design (1) (1) (1) 54,242 80.7% 19.3% Advertising (1) (1) (1) 210,608 81.4% 18.6% Retail Trade TOTAL $ 299.6 82.9% 17.1% 5,209,668 78.1% 21.9% Nonstore Retail (vending machine operators) (1) (1) (1) 169,408 90.0% 10.0% 9
Finance & Insurance, Real Estate states provinces states provinces Finance & Insurance TOTAL (3) $509.5 84.9% 15.1% 2,195,976 78.9% 21.1% Securities, Commodities & Investments (contract intermediation & brokerage; securities & commodity exchanges; other investment activities) (1) (1) (1) 419,553 81.3% 18.7% Insurance Carriers (1) (1) (1) 510,540 81.6% 18.4% Real Estate TOTAL (3) $695.4 83.1% 16.9% 677,986 76.5% 23.5% Lessors of Real Estate (1) (1) (1) 257,404 73.3% 26.7% Lessors of Nonfinancial Intangible Assets (except copyrighted works) (1) (1) (1) 11,427 58.5% 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
Education, Healthcare & Social Services states provinces states provinces Educational Services TOTAL $119.4 54.8% 45.2% 1,663,473 55.2% 44.8% Healthcare & Social Assistance TOTAL Nursing & Residential Care Facilities (residential intellectual & developmental disability, mental health, & substance abuse; other) Hospitals (general & surgical) $438.5 84.5% 15.5% 6,507,921 83.8% 16.2% (1) (1) (1) 1,340,123 82.7% 17.3% (1) (1) (1) 1,980,617 81.7% 18.3% 11
Arts & Leisure, Accommodation & Food Services states provinces states provinces Arts, Entertainment & Rec. TOTAL $55.1 86.9% 13.1% 714,003 78.7% 21.3% Performing Arts Companies (1) (1) (1) 49,954 79.4% 20.6% Promoters of Performing Arts, Sports, & Similar Events Museums, Historical Sites, & Similar Institutions (1) (1) (1) 49,473 74.8% 25.2% (1) (1) (1) 61,197 79.9% 20.1% Gambling Industries (1) (1) (1) 65,318 65.3% 34.7% Accommodation & Food Services TOTAL $130.3 85.8% 14.2% 3,723,724 82.3% 17.7% Drinking Places (alcoholic beverages) (1) (1) (1) 153,152 83.5% 16.5% 12
Other Services states provinces states provinces Other Services TOTAL $119.0 83.5% 16.5% 1,578,699 79.9% 20.1% Religious, Grantmaking, Civic, Professional, & Similar Organizations Civic & Social Organizations Business, Professional, Labor & Political Organizations (1) (1) (1) 623,244 77.4% 22.6% (1) (1) (1) 207,534 75.5% 24.5% (1) (1) (1) 193,224 68.2% 31.8% 13
Demographics & Agriculture Demographics 105.7 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) 142.0 million farm acres (85% states / 15% Canadian provinces) 108.6 million acres of cropland (88% states / 12% Canadian provinces) Harvested Crops (millions of tons) Corn for grain: 136.1 (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: 132.0 (88% states / 12% Canadian provinces) 14
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 2,149 10 Russian Federation 2,097 11 India 1,877 12 1,827 13 Australia 1,560 14 Spain 1,393 15 Korea, Rep. 1,305 16 Mexico 1,261 17 Indonesia 868 18 Netherlands 854 19 Turkey 822 20 Saudi Arabia 748 15
An Economy Rivaling Nations LEGEND *GROSS PRODUCT 2013 ($ BILLIONS) 2 CHINA *9,240 17 INDONISIA *868 15 KOREA, REP. *1,305 4 JAPAN *4,920 13 ATRALIA *1,560 12 CANADA *1,827 1 UNITED STATES *16,768 16 MEXICO *1,261 3 GREAT LAKES ST. LAWRENCE REGION *5,507 8 BRAZIL *2,246 18 NETHERLANDS *853 7 U.K. *2,678 6 FRANCE *2,806 14 SPAIN *1,393 5 GERMANY *3,730 9 ITALY *2,149 19 TURKEY *822 10 RSIAN FED. *2,096 11 INDIA *1,877 20 SAUDI ARABIA *748 16
As Big as a Country Rank Country or Region Population (2013, Millions) 1 China 1,357 2 India 1,252 3 United States 316 4 Indonesia 250 5 Brazil 200 6 Pakistan 182 7 Nigeria 174 8 Bangladesh 157 9 Russian Federation 143 10 Japan 127 11 Mexico 122 12 Great Lakes & St. Lawrence Economy 106 13 Philippines 98 14 Ethiopia 94 15 Vietnam 90 16 Egypt, Arab Rep. 82 17 Germany 80 18 Iran, Islamic Rep. 77 19 Turkey 75 20 Congo 68 17
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 2015 18
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