Economy
The 2011 Gross Metropolitan Product (GMP) of St. Louis was $133.1 billion, 21st-highest in the country. According to the 2007 Economic Census, manufacturing in the city conducted nearly $11 billion in business, followed by the health care and social service industry with $3.5 billion, professional or technical services with $3.1 billion, and the retail trade with $2.5 billion. The health care sector was the biggest employer in the area with 34,000 workers, followed by administrative and support jobs, 24,000; manufacturing, 21,000, and food service, 20,000.
The rivers of St. Louis play a large role in moving goods, especially bulk commodities such as grain, coal, salt, and certain chemicals and petroleum products. The Port of St. Louis in 2004 was the third-largest inland port by tonnage in the country, and the 21st-largest of any sort.
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Famous quotes containing the word economy:
“The basis of political economy is non-interference. The only safe rule is found in the self-adjusting meter of demand and supply. Do not legislate. Meddle, and you snap the sinews with your sumptuary laws.”
—Ralph Waldo Emerson (18031882)