Economy of Pennsylvania

If Pennsylvania were a standalone country, it would be the 18th largest economy in the world. The largest private employer in Pennsylvania is Wal-Mart, followed by the University of Pennsylvania.

In 2008, the gross state product of Pennsylvania ranked sixth in the nation, being about $553.3 billion.
The state's per-capita income is $35,641 and ranks 26th among the fifty states. Philadelphia is home to six Fortune 500 companies while Pittsburgh is home to eight Fortune 500 c0mpanies. Urban manufacturing centers of the state are Philadelphia, Pittsburgh, Erie, Scranton-Wilkes-Barre and Allentown-Bethlehem-Easton. The largest private employer in the state is Wal-Mart, followed by the University of Pennsylvania.

Agriculture is an important sector in the economy of Pennsylvania. Much of the state is rural. It ranks 19th overall in the agricultural production, first in mushroom production, third in the production of Christmas tree and layer chickens, fourth in nursery and sod, milk, corn for silage, grapes and horses, and eighth in winemaking.

Gross state product	$ 553.3 billion
Per capita income	$ 35,641
Unemployment rate	7.4%
Major industries	Manufacturing industries, agriculture and banking
Major sectors	Agriculture, manufacturing, banking

The first nationally chartered bank in the country, the Bank of North America, was founded in Philadelphia in 1781. PNC is the largest bank in the state and the sixth-largest in the country.