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Virginia, with a GDP of $712.9 billion, ranked as the 13th largest state in terms of GDP among the 50 states of the United States. Virginia's economy is larger than countries such as Belgium, Sweden, Ireland, and Norway. Virginia is also among the wealthiest states in the US, boasting a GDP per capita of $81,794, which ranks 19th as of 2023.
After the military, the 2nd largest and most important industry for Hampton Roads and Norfolk based on economic impact are the region's cargo ports. Headquartered in Norfolk, the Virginia Port Authority (VPA) is a Commonwealth of Virginia owned-entity that, in turn, owns and operates three major port facilities in Hampton Roads for break-bulk ...
Marriott International, the largest hotel chain in the world, is headquartered in Bethesda, Maryland. [37] [38] Host Hotels & Resorts, Inc., which is an American real estate investment trust that invests in hotels, is also headquartered in Bethesda. Hilton Worldwide, also one of the world's largest hotel chains, is headquartered in Tysons ...
Though agriculture has declined significantly since 1960, when there were twice as many farms, it remains the largest industry in Virginia, providing for over 490,000 jobs. [270] Soybeans were the most profitable single crop in Virginia in 2022, [ 271 ] although the ongoing trade war with China has led many Virginia farmers to plant cotton ...
The United States Census Bureau currently conducts a comprehensive Economic Census [1] every five years. The results of this survey are tabulated according to the NAICS and provide statistics about the U.S. economy.
In this article, we are going to list the 10 Biggest Industries in the World in 2021. Click to skip our analysis of the global industry trends, jump to the 5 Biggest Industries in the World in 2021.
Agriculture was the largest single industry and it prospered during the war. [119]: 1–23 [139] [121] Prices were high, pulled up by a strong demand from the army and from Britain (which depended on American wheat for a fourth of its food imports). The war acted as a catalyst that encouraged the rapid adoption of horse-drawn machinery and ...
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