Economy of Washington (state) facts for kids

Kids Encyclopedia Facts

The 2009 total gross seasonally adjusted unemployment rate was 7%.

History

Personal income

The per capita personal income in 2009 was $41,751, 12th in the nation.

Among its resident billionaires, Washington boasts Bill Gates, chairman of Microsoft, who, with a net worth of $40 billion, was ranked the wealthiest man in the world as of February 2009, according to Forbes magazine. Other Washington state billionaires include Paul Allen (Microsoft), Steve Ballmer (Microsoft), Jeff Bezos (Amazon), Craig McCaw (McCaw Cellular Communications), James Jannard (Oakley), Howard Schultz (Starbucks), and Charles Simonyi (Microsoft).

Trade

Port of seattle
A container ship and the Bainbridge Island ferry near Terminal 46

Significant amounts of trade with Asia pass through the ports of the Puget Sound. Washington is the fourth largest exporting state in the United States, after New York, California, and Texas.

The ports of Washington handle 8% of all American exports and receive 6% of the nation's imports.

Employment

Employment by industry in Washington

Industry Employment thousands March 2013 Percent of total employment
Trade, transportation and utilities 548.2 18.84%
Government 540.9 18.59%
Education and health services 392.2 13.4%
Professional and business services 352.0 12.10%
Manufacturing 288.0 9.90%
Leisure and hospitality 281.7 9.65%
Financial activities 142.3 4.89%
Other services 112.4 3.86%
Information 104.7 3.60%
Mining, lodging and construction 6.1 0.21%
Total 2,909.5 100%

Consumers

(under construction)

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Economy of Washington (state) Facts for Kids. Kiddle Encyclopedia.