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Economic Summary of Maryland

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The GDP for Maryland was $317 billion in 2012[1]. Maryland had an estimated population of 5.884 million as of 2012[2]. The GDP per capita was $46,720 in 2012[3].

Counties

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There are 23 counties in Maryland[4]. Below are the top ten localities ranked by population 2010.

Rank Locality Population 2010
1 Montgomery 971,777
2 Prince George's 863,420
3 Baltimore 805,029
4 Anne Arundel 537,656
5 Howard 287,085
6 Harford 244,826
7 Frederick 233,385
8 Carroll 167,134
9 Washington 147,430
10 Charles 146,551

Cities

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Top 10 cities in Maryland by estimated city proper population in 2010[5]

Rank City Locality Population 2010
1 Baltimore 620,961
2 Columbia 99,615
3 Germantown 86,395
4 Silver Spring 71,452
5 Waldorf 67,752
6 Glen Burnie 67,639
7 Ellicott City 65,834
8 Fredeerick 65,239
9 Dundalk 63,597
10 Rockville 61,209

Industries

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Maryland industries by GDP 2012.[6]

Industry GDP value added $ billions 2012 % of total GDP
Government 58.57 18.44%
Real estate and rental leasing 50.83 16.00%
Professional, scientific, and technical services 35.41 11.15%
Health care and social assistance 24.70 7.78%
Finance and insurance 18.42 5.80%
Retail trade 17.64 5.55%
Construction 14.36 4.52%
Wholesale trade 14.01 4.41%
Utilities 7.60 2.39%
Information 11.99 3.77%
Non-durable manufacturing 10.09 3.18%
Administrative and waste support services 9.70 3.05%
Accommodation and food services 9.02 2.84%
Durable manufacturing 8.57 2.70%
Other private services 8.27 2.60%
Transportation and warehousing 6.55 2.06%
Educational services 4.77 1.50%
Management of companies and enterprises 3.49 1.01%
Arts, entertainment, and recreation 2.61 0.82%
Agriculture, forestry, fishing and hunting 0.90 0.28%
Mining 0.18 0.06%
Total 317.68 100%


Employment

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Maryland employment by industry in June 2013.[7]

Industry Employment thousands June 2013 Percent of total employment
Government 508.2 19.43%
Trade, transportation and utilities 455.7 17.43%
Professional & business services 425.1 16.26%
Education & health services 425.1 16.26%
Leisure & hospitality 250.4 9.58%
Mining, logging and construction 149.0 5.70%
Financial activities 144.7 5.53%
Other services 112.3 4.29%
Manufacturing 106.9 4.09%
Information 38.0 2.45%
Total non-farm 2,615.0 100%

Corporations

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Top 10 Maryland based corporations by revenue in 2012[8]

Rank Corporation Revenue $ millions 2012 Profit $ millions 2012 Assets 2012 Debt Ratio 2012 Headquarters Employees 2012 Market cap 3/29/12 $ billions Industry
1 Lockheed Martin 46,692 Bethesda
2 Constellation Energy 13,758 Baltimore
3 Marriott International 12,317 Bethesda
4 Coventry Health Care 12,187 Bethesda
5 Catalyst Health Solutions 5,330 Rockville
6 Host Hotels & Resorts 5,003 Bethesda
7
8
9
10

Government Finances

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In 2011, the state government of Maryland had total revenue of _____ billion. Total expenditures were _____ billion.[9]

The total debt outstanding in 2011 was _____ billion[10] (____% of GDP[11]).

The total cash and security holdings in 2011 was _____ billion[12].

Revenue by Source $ millions Percent of revenue
Intergovernmental revenue from Federal Government
Intergovernmental revenue from local governments
Property taxes
Sales and gross receipts
Individual income tax
Corporate income tax
Motor vehicle license
Other taxes
Charges and miscellaneous general revenue
Utility revenue
Liquor store revenue
Insurance trust revenue
Total 100%
Expenditure $ millions Percent of expenditure
Intergovernmental expenditure
Education
Libraries
Public welfare
Hospitals
Health
Employment security administration
Veterans' services
Highways
Air transport
Parking facilities
Sea and inland port facilities
Police protection
Fire protection
Correction
Protective inspection and regulation
Natural resources
Parks and recreation
Housing and community development
Sewerage
Solid waste management
Financial administration
Judicial and legal
General public buildings
Other governmental administration
Interest on general debt
Miscellaneous commercial activities
Other and unallocable
Utility expenditure
Liquor store expenditure
Insurance trust expenditure
Total 100%

Financial Institutions

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Top ten banks by assets in Maryland

Rank Bank Assets $ millions Profit $ millions _____ Headquarters Employees
1
2
3
4
5
6
7
8
9
10

References

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https://meta.wikimedia.org/wiki/Global_Economic_Map