The Latest Wisconsin Industry Statistics Explained
Wisconsin state GDP was approximately $349.41 billion in 2020.
The statistic ‘Wisconsin state GDP was approximately $349.41 billion in 2020’ represents the total economic output generated within the state of Wisconsin over the course of the year 2020. Gross Domestic Product (GDP) is a key indicator of the economic health and activity of a region, measuring the market value of all goods and services produced within the state. In the case of Wisconsin, this figure of $349.41 billion reflects the collective value of all products and services created by individuals, businesses, and government entities operating within the state boundaries during the specified year. This statistic provides valuable insight into the scale of economic activity in Wisconsin and serves as a measure of the state’s overall economic performance.
Manufacturing contributes around $63 billion to Wisconsin’s economy.
The statistic that manufacturing contributes around $63 billion to Wisconsin’s economy is indicative of the significant economic impact of the manufacturing sector within the state. With a total contribution of $63 billion, manufacturing plays a crucial role in driving economic growth, creating jobs, and supporting local communities in Wisconsin. This statistic highlights the importance of the manufacturing industry as a key pillar of the state’s economy, underscoring the sector’s substantial output and contribution to the overall economic well-being of Wisconsin.
The information sector contributes $6 billion to Wisconsin’s GDP.
The statistic that the information sector contributes $6 billion to Wisconsin’s GDP indicates the economic value generated by this industry within the state’s economy. This figure represents the total monetary value of goods and services produced by businesses within the information sector operating in Wisconsin. The significance of this statistic lies in the sector’s contribution to the overall economic health and growth of the state, highlighting the importance of the information industry as a key player in driving economic activity, creating jobs, and generating income for individuals and businesses in Wisconsin.
The financial activities industry contributes $21 billion to Wisconsin’s GDP.
The statistic that the financial activities industry contributes $21 billion to Wisconsin’s GDP means that this specific industry plays a significant role in the state’s overall economy. GDP, or Gross Domestic Product, is a measure of the total value of goods and services produced within a given region, in this case, Wisconsin. The $21 billion figure represents the total value added by the financial activities sector to the state’s economy. This includes contributions from activities such as banking, insurance, real estate, and other financial services. A strong financial sector can stimulate economic growth, create job opportunities, and attract investments, ultimately boosting the state’s economic well-being.
Wisconsin’s healthcare and social assistance sector generates $19 billion annually.
The statistic that Wisconsin’s healthcare and social assistance sector generates $19 billion annually indicates the significant economic impact of these industries within the state. This sector encompasses a wide range of healthcare services, including hospitals, nursing homes, home healthcare services, and social assistance programs. The $19 billion figure reflects the total value of goods and services produced by these businesses each year, highlighting the sector’s contribution to Wisconsin’s overall economy. Additionally, this statistic suggests that healthcare and social assistance play a crucial role in providing employment opportunities, supporting community well-being, and driving economic growth within the state.
Wisconsin’s agricultural sector contributes roughly 11.8% of the total state GDP.
The statistic that Wisconsin’s agricultural sector contributes approximately 11.8% of the total state GDP indicates the significant economic impact of agriculture in the state. This means that nearly one-eighth of Wisconsin’s economic output is attributed to agricultural activities, such as farming, livestock production, and food processing. The high contribution of the agricultural sector to the state’s GDP highlights its importance in driving economic growth, providing employment opportunities, and supporting rural communities. It also emphasizes the state’s reliance on agriculture as a key sector for sustaining economic development and prosperity.
Wisconsin’s construction industry contributes about $11 billion to the state’s GDP.
The statistic that Wisconsin’s construction industry contributes about $11 billion to the state’s GDP represents the economic importance of the construction sector within Wisconsin’s economy. This figure quantifies the total value of goods and services produced by the construction industry in the state, reflecting its significant contribution to the overall economic output and growth of Wisconsin. By generating such a substantial amount of economic activity, the construction industry creates jobs, spurs consumer spending, and supports related industries throughout the state. This statistic underscores the significance of the construction sector as a key driver of economic development and prosperity in Wisconsin.
Wisconsin’s energy, power and control industry employs more than 100,000 people.
The statistic that Wisconsin’s energy, power, and control industry employs more than 100,000 people indicates the significant role this industry plays in the state’s economy. With over 100,000 individuals employed in this sector, it highlights the industry’s substantial workforce contribution and suggests a strong demand for skilled labor in various roles related to energy production, power generation, and control systems. This data implies that the energy, power, and control industry is a major employer in Wisconsin, potentially offering diverse job opportunities for individuals seeking employment in these specialized fields. The statistic also underscores the importance of this industry in supporting economic growth and development within the state.
The average salary in Wisconsin’s technology industry is $75,477.
The statistic that the average salary in Wisconsin’s technology industry is $75,477 represents the mean value of salaries earned by individuals working within the technology sector in the state of Wisconsin. This statistic is calculated by adding up all the salaries of tech industry workers in Wisconsin and dividing by the total number of individuals. It provides important insights into the earning potential within the technology sector in Wisconsin, serving as a benchmark for comparison among different industries or regions. The average salary figure can also be used by policymakers, companies, and job seekers to make informed decisions regarding employment opportunities, salary negotiations, and economic development strategies within the state’s technology sector.
The water technology industry in Wisconsin encompasses 194 companies and employs more than 20,000 people.
The statistic indicates that the water technology industry in Wisconsin is a significant sector within the state’s economy, comprising 194 companies that operate in various aspects of water technology such as water treatment, purification, management, and conservation. The fact that this industry employs more than 20,000 individuals highlights its importance as a major source of employment opportunities in Wisconsin. This industry likely plays a crucial role in addressing water-related challenges and regulations, contributing to the state’s overall economic growth and environmental sustainability. The statistic underscores the industry’s size, impact on job creation, and its potential to drive innovation and advancements in water technology within the state.
References
0. – https://www.www.statista.com
1. – https://www.www.selectusa.gov
2. – https://www.statisticalatlas.com
3. – https://www.www.bea.gov
4. – https://www.www.comptia.org
5. – https://www.inwisconsin.com
6. – https://www.www.nass.usda.gov
