Economy of St. Louis

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This article is about the economy of the city of St. Louis, Missouri. For the economy of the region, see Economy of Greater St. Louis.

The economy of St. Louis, Missouri has a diversified variety of sectors, both historically and currently.

Contents

Sectors and employment

The 2011 Gross Metropolitan Product (GMP) of St. Louis was $133.1 billion.1 That makes St. Louis the 21st highest GMP in the United States. According to the 2007 Economic Census, manufacturing in the city conducted nearly $11 billion in business, followed by the healthcare 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 sector employing the largest number of workers in the city was the healthcare sector with 34,000 workers, followed by administrative and support jobs with 24,000 workers, manufacturing with 21,000 workers, and food service with 20,000 workers.2 As of May 2011, the city of St. Louis had approximately 160,000 workers in its labor force with slightly more than 18,500 unemployed, and an unemployment rate of 11.7 percent.3

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.4

Health services and biomedical

Among St. Louis city healthcare employers is BJC HealthCare, which operates both Barnes-Jewish Hospital and St. Louis Children's Hospital in the city. BJC also cooperates with Washington University School of Medicine, a center of medical research that is adjacent to Barnes-Jewish Hospital. Other major employers in the city include the Saint Louis University School of Medicine and Saint Louis University Hospital, another medical research facility and hospital, and Cardinal Glennon Children's Hospital. St. Louis is also home to two companies that produce radiation therapy planning software, CMS, Inc. and Multidata Systems International.

List of companies based in St. Louis, Missouri

References

  1. ^ "U.S. Cities With Bigger Economies Than Entire Countries". Retrieved 24 July 2012. 
  2. ^ 2007 Economic Census.
  3. ^ Bureau of Labor Statistics (May 2011)
  4. ^ "River Transportation through and to St. Louis". St. Louis Commerce Magazine. 2005. Retrieved 2009-10-04. 

External links

Flag of St. Louis