Economy of Virginia

In per capita defense spending, the state of Virginia is comparable to Alaska and North Dakota. Virginia has the highest number of technology workers in the country. The 2009 Gross Domestic Product of Virginia was $383 billion. In 2004, the per capita personal income was $35,477. The service sector employs one-third of the total population in the state. The state's economy provides various sources of income, such as, government and military, business and farming. Top exports of the state include computer chips, coal and tobacco. It has a large number of manufacturing industries, such as transportation equipment, food processing, electrical equipment, chemicals, textiles, lumber and furniture.

Agriculture is an important sector in the economy and the largest single industry in Virginia. Virginia is the fifth-largest producer of tobacco in the country. The agricultural outputs of the state are tomatoes, peanuts, apples, sweet potatoes, potatoes and snap beans.

GDP	$383 billion
Per capita income	$35,477
Unemployment rate	6.3%
Major industries	Manufacturing industries, agriculture, mining
Major sectors	Service, agriculture, manufacturing, technology, finance and government

The Forbes magazine voted Virginia as the best state in the country for business. It receives fourth-highest amount of venture capital funding. The world's largest Internet service-provider is based in Virginia. Government and finance, insurance and real estate rank second in the services sector. Government services include public schools, military bases and hospitals.

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