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The economy of Ohio nominally would be the 20th largest global economy (behind Turkey and ahead of Switzerland) according to The World Bank as of 2022. [8] The state had a GDP of $822.67 billion in 2022, which is 3.23% of the United States total, [9] ranking 7th in the nation behind Pennsylvania and ahead of Georgia. [10]
The polymer industry is Ohio’s largest industry, with more than 72,000 employees in 996 companies contributing more than $40 billion to Ohio’s GDP in 2023, according to the chamber.
In time, the availability of fossil fuels contributed to the development of other coal-fired mills, including the Youngstown Rolling Mill Company, which was established in 1846. [2] By the mid-19th century, Youngstown was the site of several iron industrial plants, notably David Tod's Brier Hill Iron & Coal Company. [ 3 ]
For supply chain management, a centroid is a location with a high proportion of a country's population and a high proportion of its manufacturing, generally within 500 mi (805 km). In the US, two major supply chain centroids have been defined, one near Dayton, Ohio, and a second near Riverside, California. [citation needed] [82]
This is a list of U.S. states, U.S. territories, and the District of Columbia by exports of goods and imports of goods as of 2018. [note 1] An export in international trade is a good or service produced in one country that is bought by someone in another country. The sum of the exports of the states is significantly lower than the value of the ...
Manufacturing output recovered from the Great Recession, reaching an all-time high in 2021, but manufacturing employment has been declining since the 1990s, giving rise to what is known as a "jobless recovery," which made job creation or preservation in the manufacturing sector an important topic in the 2016 United States presidential election. [4]
Capital is the most important of factors, or one should say as important as labor. By the help of machines and apparatuses, the human being got a tremendous production capability. These machines, apparatuses and tools are classified as capital, or more precisely as durable capital, for one uses these items for many years.
The Wolverines used their run game and defense for a 30-24 win over Ohio State at Michigan Stadium. Harbaugh was asked the question about the disdain on both sides ahead of the game.