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Economic Summary of South Carolina

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The GDP for South Carolina was $176.2 billion in 2012[1]. South Carolina had an population of 4,723 as of 2012[2]. The GDP per capita was $31,881 in 2012[3].

Localities

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There are 46 counties in South Carolina. Below are the top ten localities ranked by population 2010.[4]

Rank Locality Population 2010
1 Greenville 451,225
2 Richland 384,504
3 Charleston 350,209
4 Spartanburg 284,307
5 Horry 269,291
6 Lexington 262,391
7 York 226,073
8 Anderson 187,126
9 Berkely 177,843
10 Beaufort 162,233

Cities

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

Rank City Locality Population 2010
1 Columbia 129,272
2 Charleston 120,083
3 North Charleston 97,471
4 Mount Pleasant 67,843
5 Rock Hill 66,154
6 Greenville 58,409
7 Summerville 43,392
8 Sumter 40,524
9 Hilton Head Island 37,099
10 Florence 37,056

Industries

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South Carolina industries by GDP 2012.[6]

Industry GDP value added $ billions 2012 % of total GDP
Government 29.96 17.00%
Real estate and rental leasing 19.76 11.21%
Durable manufacturing 15.67 8.89%
Non-durable manufacturing 13.04 7.40%
Retail trade 12.78 7.25%
Health care and social assistance 11.50 6.53%
Wholesale trade 9.69 5.50%
Professional, scientific, and technical services 9.49 5.39%
Finance and insurance 9.04 5.13%
Administrative and waste support services 7.32 4.15%
Construction 7.23 4.10%
Accommodation and food services 6.78 3.8%
Utilities 5.57 3.16%
Other private services 4.64 2.63%
Information 4.33 2.46%
Transportation and warehousing 4.06 2.30%
Educational services 1.25 0.71%
Management of companies and enterprises 1.17 0.66%
Arts, entertainment, and recreation 1.16 0.66%
Agriculture, forestry, fishing and hunting 1.04 0.59%
Mining 0.22 0.12%
Total 176.22 100%

Employment

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South Carolina employment by industry in June 2013.[7]

Industry Employment thousands June 2013 Percent of total employment
Trade, transportation and utilities 362.4 19.18%
Government 349.8 18.51%
Professional & business services 236.5 12.52%
Leisure & hospitality 227.4 12.03%
Manufacturing 221.2 11.71%
Education & health services 211.1 11.17%
Financial activities 102.9 5.45%
Construction 80.5 4.26%
Other services 67.8 3.59%
Information 26.1 1.38%
Mining and logging 3.8 0.20%
Total non-farm 1,889.5 100%

Corporations

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Top 10 South Carolina 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 Domtar 5,612 Fort Mill
2
3
4
5
6
7
8
9
10

Government Finances

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In 2011, the state government of South Carolina 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

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Top ten banks by assets in South Carolina

Rank Bank Assets $ millions Profit $ millions _____ Headquarters Employees
1
2
3
4
5
6
7
8
9
10

References

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