Economy
| Sector | Percentage |
|---|---|
| Government | 21.9% |
| Professional and business services |
13.3% |
| Retail trade | 10.4% |
| Education and health services |
10.2% |
| Leisure and hospitality | 10.1% |
| Manufacturing | 8.6% |
| Financial activities | 6.0% |
| Construction and mining | 5.6% |
| Wholesale trade | 5.3% |
| Information | 3.0% |
| Transportation, warehousing, and utilities |
1.6% |
| Other services | 3.9% |
Greater Austin has a diverse economy heavily anchored by government activities and education. High-tech firms, particularly related to semiconductors and software, are also important economic pillars. The five-county MSA had a gross domestic product of $86 billion in 2010, making it the 35th largest metropolitan economy in the U.S.
Most of the area's largest employers are all within the City of Austin. These include Advanced Micro Devices, Austin Independent School District, the City of Austin, Freescale Semiconductor, IBM, Seton Healthcare Network, the Texas Government, the United States Government, and the University of Texas at Austin. Major employers outside of Austin include Dell (Round Rock), MD/Totco in Cedar Park (a division of National Oilwell Varco), Southwestern University in Georgetown, and Texas State University in San Marcos.
Read more about this topic: Greater Austin
Famous quotes containing the word economy:
“The basis of political economy is non-interference. The only safe rule is found in the self-adjusting meter of demand and supply. Do not legislate. Meddle, and you snap the sinews with your sumptuary laws.”
—Ralph Waldo Emerson (1803–1882)