FACTS & DATA

ECONOMIC OUTLOOK

Washington County's unemployment rate for April 2017 was 5.6%. Ohio's unemployment rate was 4.4 percent in April 2017. The U.S. unemployment rate for April 2017 was 4.1%

Since 2010 Ohio's economic outlook ranking has improved from 42 in 2010 to 18 in 2016, the biggest improvement of all the states during this time period. Source:  ALEC-LAFFER State Economic Competitiveness Index

The 2015 per capita personal income for Ohio was $46,867 (26th in the country). This was unchanged from the previous year according to the U.S. Bureau of Economic Analysis.  The 2015 total personal income for Ohio was estimated at nearly $608 billion. 

Per Capita Personal Income; Selected Years Per Capita GDP

 

2010

2011

2012

2013

2014

2015

U.S.

$47,287

$47,586

$48,156

$48,396

$49,091

$49,844

Ohio

$42,299

$43,610

$44,394

$44,736

$46,137

$46,867

 

LOCATION

Washington County has abundant supplies of river and ground water, for both processing and cooling. The rivers and streams entering the Ohio River from Washington County alone add an average of 15,000 cubic feet per second to the Ohio River flow. Millions of gallons of good quality ground water are available from both the Muskingum and Ohio Rivers.

Ohio's rivers and lakes, large geography and inviting topography make it ideally situated for market connectivity both domestically and internationally.

GROSS DOMESTIC PRODUCT

Ohio's total economic output of $583 billion in 2014 is divided into 20 broad sectors of varying sizes. Manufacturing is the largest single sector which was 16.92% of the state's total economic output. Services provided by public and private sectors in Ohio were $456 billion or 78.2% of its economy.

Ohio is the seventh largest state in the nation for economy. Ohio ranks third among the 50 states in manufacturing gross domestic product.

The largest natural gas reserces are now located in Northeastern United States. The Mid-Ohio Valley is the most affordable place to buy natural gas in the industrialized world. The strategic location combined with abundant supplies of natural resources, affordable operating costs and proximity to to markets position your business for success.