Special Report

Largest Industry in Each State

11. Hawaii
> Largest industry:
Accommodation
> Industry GDP: $3.8 billion
> Industry GDP as pct. of total: 5.4%
> Industry private workforce: 38,525

Hawaii’s favorable weather and natural beauty make it one of the most popular tourist destinations in the country. The vast majority of visitors to the state require temporary lodging. It is therefore not surprising that the accommodation industry generates about $3.8 billion, or 5.4% of Hawaii’s total GDP, a greater economic output than that of any other industry in the state.

12. Idaho
> Largest industry:
Computer and electronic products manufacturing
> Industry GDP: $3.1 billion
> Industry GDP as pct. of total: 5.5%
> Industry private workforce: 11,297

Of Idaho’s half a million residents employed in the private sector, more than 11,000 work in computer and electronic product manufacturing. Hewlett-Packard, one of the state’s largest employers, has a laser printer division in Boise. Computer and electronic product manufacturing is also the largest industry in Oregon, Idaho’s neighbor to the west.

13. Illinois
> Largest industry:
Insurance carriers and related activities
> Industry GDP: $25.9 billion
> Industry GDP as pct. of total: 3.9%
> Industry private workforce: 103,314

Of the six states where the largest industry is the insurance carriers and related activities subsector, Illinois’s insurance industry generates the largest dollar value. Insurance companies in the state contributed close to $26 billion, or nearly 4% of the state’s total GDP in 2013. Over 18,000 insurance sales agents are employed in Illinois, more than in all but four other states. The industry employs over 100,000 private employees in the state.

14. Indiana
> Largest industry:
Chemical products manufacturing
> Industry GDP: $23.8 billion
> Industry GDP as pct. of total: 8.3%
> Industry private workforce: 30,672

Chemical products manufacturing is the largest private industry in Indiana. Though it contributes 8.3% to the state’s total GDP, it only employs 1.2% of the state’s non-government workforce. Chemical products manufacturing is a subsector of the manufacturing industry. Nearly one-fifth of Indiana’s workforce is employed in the manufacturing industry, the largest share of any other state.

15. Iowa
> Largest industry:
Insurance carriers and related activities
> Industry GDP: $11.0 billion
> Industry GDP as pct. of total: 7.2%
> Industry private workforce: 41,045

The insurance carriers and related activities subsector contributes $11 billion to Iowa’s economy, the most of any industry. According to the National Association of Insurance Commissioners, there are 214 Iowa insurance companies founded under the laws of the state, the eighth most in the nation. More than $26.6 billion in premiums and deposits are filed each year in the state — middle of the road compared with other states — accounting for 1.43% of premiums written nationwide.

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