Economy of Michigan State

By: EconomyWatch   Date: 30 June 2010

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Michigan is an upper midwestern state of the United States. The state is bordered by Ohio and Indiana, Wisconsin, and the Canadian Province of Ontario.

 

The state is a total geographical area of 96,716 sq mi; with a total land area of 56,804 sq mi; and total acres forested is 19.3 mil.

The production of the important non-fuel minerals, iron ore, cement, sand and gravel, peat, bromine, calcium-magnesium chloride, gypsum, and magnesium compounds act as the major contributor to michigan economy.

Michigan Economy - Social Indicators
The total estimated population of the state as of 2005 is 10,120,860 in comparison to the 10,112,620 in July 2004. The net change in the population of the state 2002-03 is 0.3%.

According to the US Census 2000, the population of the state is 9,938,444.

The population density of the state is 177.5 per sq mi.

With regards to the Racial Distribution (2000): White 80.2%; Black 14.2%; Asian 1.4%; Native American 0.6%.

Business and Economy of Michigan

According to the Bureau of Economic Analysis, the Gross State Product in 2003 was $ 359 billion with a Per capita personal income in of $31,178.

Among the various sectors of the economy the Industries particularly the Automobile Industry contributes the more. The state is considered as the birthplace of the Automobile Industry.

Chief Industries of the state are manufacturing, services, tourism, agriculture and forestry/lumber.

Important Manufacturing goods of the state are automobiles, transportation equipment, machinery, fabricated metals, food products, plastics and office furnitures.

Major Crops of the state are corn, wheat, soybeans, dry beans, hay, potatoes, sweet corn, apples, cherries, sugar beets, blueberries and Niagragrapes.

Important livestock of the state (Jan 2004): 1.03 mil Cattle/calves; 83,000 sheep/lambs; (Jan 2003): 950,000 hogs/pigs.

Apart from this hunting is a major contributor the economy.

Energy Production In Michigan
Electricity Production (est.2003, kwh by source): Coal: 66.5 billion; Petroleum: 799 mil; Nuclear: 28 bil; other 23 mil.

Tourist Attraction Of Michigan
The important tourist places of the state are as follows:

  • Henry Ford Museum, Greenfield village, both in Dearborn;
  • Michigan Space center, Jackson;
  • Tahquamenon (Hiawatha) Falls;
  • Dezwaan windmill and Tulip festival Holland;
  • Mackinac Island;
  • Kellogg's cereal city USA, Battle Creek;
  • Museum of African American History;

Colleges, Schools and Universities In Michigan

  • Amherst College
  • liAlbion College
  • Oakland University
  • Olivet College
  • Alma College
  • Andrews University
  • Aquinas College
  • Baker College of Muskegon
  • Baker College of Owosso
  • Baker College of Port Huron
  • Calvin College
  • Central Michigan University
  • Cleary University
  • Cleary University
  • Concordia University
  • Cornerstone University
  • Cranbrook Academy of Art
  • Davenport University-Central Region
  • Eastern Michigan University
  • Ferris State University
  • Finlandia University
  • Grace Bible College
  • Grand Valley State University
  • Great Lakes Christian College
  • Hope College
  • Kalamazoo College
  • Kettering University
  • Lake Superior State University
  • Lawrence Technological University
  • Madonna University
  • Marygrove College
  • Michigan Jewish Institute
  • Michigan State University
  • Michigan State University-Detroit College of Law
  • Michigan Technological University
  • Michigan Theological Seminary
  • Northern Michigan University
  • Rochester College
  • Sacred Heart Major Seminary
  • Saginaw Valley State University
  • Siena Heights University
  • Spring Arbor University
  • Thomas M Cooley Law School
  • University of Detroit Mercy
  • University of Michigan-Ann Arbor
  • Western Michigan University

Further Readings


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