What is the main industry in West Virginia?
West Virginia is considered a national energy hub, leading the nation in net interstate electricity exports and underground coal mine production, while experiencing a growing natural gas industry as a result of the Great Shale Gas Rush. Overall, it produces 15% of the nation’s fossil fuel energy.
What is the economic status of West Virginia?
Overview of the West Virginia Economy The state of West Virginia has a population of 1,792,147 and annual population growth of -0.6% over the five years to 2019 which ranks 50 out of all 50 US states. West Virginia’s gross state product (GSP) in 2019 reached $72.2bn, with growth of 0.6% over the 5-years to 2019.
What attracts businesses to West Virginia?
Because of strong links between the state’s abundant raw materials, skilled metalworking labor force, and supportive business climate, metal suppliers find no lack of opportunity here. Learn how West Virginia is providing fiscal, business continuity, and workforce solutions for Federal agencies.
What does West Virginia manufacturing?
The state’s diverse manufacturing sector includes chemicals, biotech/pharmaceuticals, primary metals, automotive components, fabricated products, wood products and more. West Virginia’s workforce ranks first in the U.S. for the lowest turnover rate in manufacturing-specific jobs.
What are 3 major industries in West Virginia?
Coal tipple, Ceredo, West Virginia. West Virginia’s three other leading industries—chemicals, primary metals, and lumber and wood products—are relatively stable. The glass industry, which utilizes the state’s abundance of silica sand, was established in the Wheeling area as early as the 1830s.
What are the 3 major industries in WV?
Here are some of the biggest industries in West Virginia:
- Mining. Mining has been an integral part of West Virginia for over a century and is a leading contributor to GDP growth in the State.
- Manufacturing. A large portion of West Virginia’s manufacturing industry is chemical manufacturing.
- Agriculture.
- Service Industry.
What is the most common job in West Virginia?
The most common jobs held by residents of West Virginia, by number of employees, are Cashiers (23,172 people), Driver/sales workers & truck drivers (23,167 people), and Registered nurses (18,992 people).
Who is the richest man in West Virginia?
James Conley Justice II (born April 27, 1951) is an American businessman and politician who has been serving as the 36th governor of West Virginia since 2017. With a net worth of around $1.2 billion, he is the wealthiest person in West Virginia.
What is West Virginias major industry?
What Are The Biggest Industries In West Virginia? Mining. Mining has been an integral part of West Virginia for over a century and is a leading contributor to GDP growth in the State. Manufacturing. A large portion of West Virginia’s manufacturing industry is chemical manufacturing. Agriculture. Service Industry.
What was the first industry in West Virginia?
Salt was the first West Virginia mineral industry to be developed. The State’s salt was being utilized long before the arrival of man. Deer and buffalo would travel to a salt spring along the Kanawha River where they could lick the salt they needed.
What products are manufactured in West Virginia?
Chemicals (adhesives, industrial chemicals, pharmaceuticals, plastics are West Virginia’s most valuable manufactured product. Primary metals (tin plate, sheet steel, structural steel, aluminum) rank second. Lumber production is the state’s third-ranking manufacturing activity.
What is the GDP of West Virginia?
Real Gross Domestic Product (GDP) of the federal state of West Virginia from 2000 to 2018 (in billion U.S. dollars) This statistic shows the development of West Virginia’s real GDP from 2000 to 2018. In 2018, the real GDP of West Virginia was 71.32 billion U.S. dollars.