"...also breaks that down for each into the share of GDP derived from Private goods-producing industries, Private services-providing industries, and Government and government enterprises.
...What of Government and government enterprises?
The bottom five counties – with an average of 7% of GDP deriving from this sector – are Lincoln, Olmsted, Hennepin, Roseau, and Steele.
The top five – with an average share of 35% – are Mille Lacs, Cass, Carlton, Pine, and Mahnomen. Figure 1 shows the government’s share of GDP across Minnesota.
Figure 1: Government and government enterprises as a percentage of county GDP
Source: Bureau of Economic Analysis
Across the state, the median share of GDP was 37.4% for Private goods-producing industries, 48.9% for Private services-providing industries, and 12.2% for Government and government enterprises.--John Phelan is an economist at the Center of the American Experiment.
No comments:
Post a Comment