Virginia's economy is balanced, with diverse

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Virginia's economy is balanced, with diverse

Post by jancancook on Tue Nov 08, 2011 9:26 am

Virginia's economy is balanced, with diverse sources of income, including government and military, farming, and business. Virginia has 4.1 million civilian workers, and one-third of the jobs are in the service sector.[135][136] The unemployment rate was 6.3% as of April 2011.[137] The Gross Domestic Product of Virginia was $424 billion in 2010.[138] According to the Bureau of Economic Analysis, Virginia had the most counties in the top 100 wealthiest in the United States based upon median income in 2007.[139]
Virginia has the highest concentration of technology workers of any state.[140] Computer chips became the state's highest-grossing export in 2006, surpassing its traditional top exports of coal and tobacco combined.[8] Northern Virginia, once considered the state's dairy capital, now hosts software, communication technology, and consulting companies, particularly in the Dulles Technology Corridor. Northern Virginia's data centers currently carry more than 50% of the nation's internet traffic, and by 2012 Dominion Power expects that 10% of all its electricity in Northern Virginia will be used by data centers.[141] Loudoun and Fairfax counties in Northern Virginia have the highest and second highest median household income, respectively, of all counties in the United States as of 2011.[100]



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