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 and/or west:
“Wise men read very sharply all your private history in your look and gait and behavior. The whole economy of nature is bent on expression. The tell-tale body is all tongues. Men are like Geneva watches with crystal faces which expose the whole movement.”
—Ralph Waldo Emerson (1803–1882)
“You in the West have a problem. You are unsure when you are being lied to, when you are being tricked. We do not suffer from this; and unlike you, we have acquired the skill of reading between the lines.”
—Zdenek Urbának (b. 1917)