Economy of North Carolina

June 29, 2010US State Economiesby EconomyWatch

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Demography And Social Indicators

North Carolina is a state in the SE of United States. The state is bordered by Atlantic Ocean, South Carolina and Georgia, Tennessee and Virginia.

The state has a total geographical area of 53,819 sq mi; with a land area of 48,711 sq mi; and acres forested is 19.3 million.

The state is a major producer of the tobacco, textiles and furnitures, which leads the whole United States.

Demography And Social Indicators
According to the US Census Bureau 2005, the estimated population of the state is 8,683,242 in comparison to 8,541,221 in July 2004. The net change in the population 2002-03 is 1.2%. According to the US Census 2000, the total population of the state was 8,049,313. The density of population is calculated at 172.6 per sq mi.

With regards to the Racial Distribution (2000): White 72.10%; Black 21.6%; Asian 1.4%; Native American 1.2%.

Business and Economy of North Carolina
According to the Bureau of Economic Analysis, the gross state product in 2003 was $314 billion with a Per Capita Personal Income of $28,071 in the same year.

The Chief Industries of the state are manufacturing, agriculture and tourism.

Important manufacturing goods of the state are food products, textiles, industrial machinery and equipment, electric and electronic equipment, furniture, tobacco products, and apparel.

Major crops are tobacco, cotton, soybean, corn, food grains, wheat, peanuts and sweet potatoes.Livestock (Jan 2004): 880,000 cattle/calves; (Jan 2003): 9.9 mil hogs/pigs; (Dec 2003): 17.5 mil. Chickens.

Apart from this the state owns the mineral products like feldspar, mica and lithium materials and substantial quantities of olivine, crushed granite, talc, clays and phosphates Rocks.

Energy Production in North Carolina
Electricity Production (est. 2003, kwh by source): Coal 70.6 bil; Petroleum 442 mil; Gas 1.3 bil; Hydroelectric 5.2 bil; Nuclear 40.9 bil.

Tourist Attraction Of North Carolina

  • Cape Hatteras and Cape lookout Natl. Seashores;
  • Great Smokey Mts;
  • Guilford Courthouse and moore's Creek Park;
  • 66 American Revolution Battle sites;
  • Wright Brothers Natl. Memorial, Kitty Hawk;
  • Battleship North Carolina, Wilmington;
  • NC Zoo, Asheboro;
  • NC Symphony, NC Museum, Raleigh;
  • Carl Sandburg Home, Hendersonville.

Further Readings