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Economy of West Virginia : ウィキペディア英語版
Economy of West Virginia

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,〔("The World Bank: World Development Indicators database" ), World Bank. September 27, 2010. Accessed December 11, 2010.〕 and the 64th largest behind Iraq and ahead of Libya according to 2009 International Monetary Fund projections.〔("Report for Selected Countries and Subjects" ), International Monetary Fund. October 2010. Accessed December 11, 2010〕 The state has a projected nominal GDP of $63.34 billion in 2009 according to the Bureau of Economic Analysis report of November 2010, and a real GDP of $55.04 billion. The real GDP growth of the state in 2009 of .7% was the 7th best in the country.〔("ECONOMIC DOWNTURN WIDESPREAD AMONG STATES IN 2009" ), Bureau of Economic Analysis. November 18, 2010. Accessed December 11, 2010〕 West Virginia's economy accelerated in 2014 with a growth rate of 5.1%, ranking third among the fastest growing states in the United States alongside Wyoming and just behind North Dakota and Texas.〔http://www.bea.gov/newsreleases/regional/gdp_state/2015/gsp0615.htm〕
Morgantown was ranked by Forbes as the #10 best small city in the nation to conduct business in 2010.〔("Morgantown makes Forbes list again" ), Charleston Daily Mail. November 24, 2010. Accessed December 11, 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.
==Overview==
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 GDP of $63.34 billion in 2009 according to the Bureau of Economic Analysis report of November 2010, and a real GDP of $55.04 billion. The real GDP growth of the state in 2009 of .7% was the 7th best in the country.〔 West Virginia was only one of ten states in 2009 which grew economically.〔("West Virginia showed GDP growth from 2008 to 2009" ), The Herald-Dispatch. November 24, 2010. Accessed December 11, 2010〕
While per capita income growth fell 2.6% nationally in 2009, West Virginia's grew at 1.8%.〔("West Virginia improves per capita ranking" ), Catherine Zacchi. West Virginia Department of Commerce. 2010. Accessed December 11, 2010〕 Through the first half of 2010, exports from West Virginia topped $3 billion, growing 39.5% over the same period from the previous year and ahead of the national average by 15.7%.〔
Personal income growth in West Virginia during 2013 was only 1.5% - the lowest in the nation - and about half the national average of 2.6%. 〔("State Personal Income 2013" ), U.S. Bureau of Economic Analysis. March 25, 2014. Accessed April 11, 2014.〕 Overall income growth in West Virginia in the last 30 years has been only 13% (about one-third of the national average of 37%). Wages of the impoverished bottom 1% income earners decreased by 3%, compared to the national average for the bottom 1% income earners which increased 19%. 〔("Income Equality by State" ), Economic Policy Institute. February, 2014. Accessed April 11, 2014.〕
Morgantown was ranked by Forbes as the #10 best small city in the nation to conduct business in 2010.〔 The city is also home to West Virginia University, the 95th best public university according to U.S. News & World Report in 2011.〔("Best Colleges 2011" ), U.S. News and World Report. 2010. Accessed December 11, 2001〕
The net corporate income tax rate is 8.5%, scheduled for reduction to 6.5% by 2014, while business costs are 13% below the national average.〔("Business Taxes" ), West Virginia Department of Commerce. Accessed December 11, 2010〕〔("West Virginia Industries" ), West Virginia Department of Commerce. Accessed December 11, 2010〕

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