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Ohio Economy
About half of Alabama
Ohio is located in the heart of the
country’s industrial region. More than 60 percent of all U.S. households live
within 600 miles of Ohio. There is access to strategic waterways, and the state
is well served by interstate highways. Ohio has the seventh largest state
economy in the U.S., and ranks third in manufacturing gross state product. The
state’s factories lead the nation in the production of steel, rubber and
plastics, and fabricated metals. Ohio is also a leader in the automotive
industry.
As a state economy, Ohio’s number one sector is manufacturing at 24%. Service
industries make up nearly 20% of the state economy, and financial, insurance and
real estate concerns represent around 18%. Ohio is a national leader in research
and development, ranking 9th in the number of individuals receiving patents, and
11th in the receipt of research and development grants.
Ohio Economic Information from
Teachersfirst.com
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