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North Carolina Economy



Agriculture is an important sector in the North Carolina economy, contributing effectively to the gross state product. Soya beans, corn, apples, hay, wheat and peanuts are the major agricultural products.
Tobacco is an important cash crop grow in the state. North Carolina is the leading producer of tobacco in the United States, growing forty percent of the nation's tobacco.

North Carolina is a major textile manufacturer, producing cotton, synthetic, and silk goods as well as various kinds of knit items. Electrical machinery, pharmaceuticals, computers, and chemicals are the other manufactured items. The state abounds in mineral resources such as mica, feldspar, olivine, crushed granite, talc, clays, lithium materials and phosphate rock.

The state has a strong "aquaculture", and the most valuable fish are catfish, crayfish, and the Atlantic menhaden. The common fish products are blue crabs, clams, flounder and shrimp.

GSP $400.2 billion (2008)
Unemployment rate 10% (2011)
Major sectors Financial services, mining, manufacturing, insurance and real estate, medicine
Major industries Transportation, construction, agriculture, fishing, tourism, lumber industries

Finance, insurance and real estate make up North Carolina's leading service industry group. Charlotte is one of the important financial centers housing large banking companies. Business and personal services rank second in the service group in the state. Private healthcare, private schools, research facilities, motels, law firms and repair shops make up the business services group. The third-ranking service industry is wholesale and retail trade, which includes automobiles, building materials, groceries, tobacco, food stores, and service stations.


  North Carolina State Profile