Economy of West Virginia

The economy of West Virginia nominally would be the 62nd largest economy globally behind Iraq and ahead of Croatia according to 2009 World Bank projections, and the 64th largest behind Iraq and ahead of Libya according to 2009 International Monetary Fund projections. The state has a projected nominal GSP of $63.34 billion in 2009 according to the Bureau of Economic Analysis report of November 2010, and a real GSP of $55.04 billion. The real GDP growth of the state in 2009 of .7% was the 7th best in the country.

Morgantown was ranked by Forbes as the #10 best small city in the nation to conduct business in 2010.

The state is a global hub for chemicals, a national hub for biotech industries and a leader in energy, while having a diverse economy in aerospace, automotive, healthcare and education, metals and steels, media and telecommunications, manufacturing, hospitality, biometrics, forestry, and tourism.

Read more about Economy Of West Virginia:  Overview, Appalachian Regional Commission

Famous quotes containing the words economy of, economy, west and/or virginia:

    Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.
    Henry David Thoreau (1817–1862)

    War. Fighting. Men ... every man in the whole realm is in the army.... Every man in uniform ... An economy entirely geared to war ... but there is not much war ... hardly any fighting ... yet every man a soldier from birth till death ... Men ... all men for fighting ... but no war, no wars to fight ... what is it, what does it mean?”
    Doris Lessing (b. 1919)

    He is every other inch a gentleman.
    —Rebecca West [Cicily Isabel Fairfield] (1892–1983)

    While I am in favor of the Government promptly enforcing the laws for the present, defending the forts and collecting the revenue, I am not in favor of a war policy with a view to the conquest of any of the slave States; except such as are needed to give us a good boundary. If Maryland attempts to go off, suppress her in order to save the Potomac and the District of Columbia. Cut a piece off of western Virginia and keep Missouri and all the Territories.
    Rutherford Birchard Hayes (1822–1893)