Economy of Ohio
Ohio’s state quarter states "Birthplace of Avi-
ation Pioneers," in which Ohio’s aerospace
and defense industry is still economically
strong.
The economy of Ohio includes many histor-
ically strong
industries,
such as motor
vehicle manufacturing, more traditional in-
dustries, such as agriculture, and new and
developing sectors such as the information
industry and food processing.
Ohio’s food processing industry processes
an estimated $23.5 billion of shipments annu-
ally.[1] Some of the largest food processing
plants in the world are also located in Ohio:
the world’s largest yogurt processing plant is
operated by Dannon in Auglaize County,
Campbell’s operates the world’s largest soup
processing plant in Napoleon, Heinz operates
the world’s single largest ketchup processing
plant in Fremont, and General Mills operates
the world’s largest frozen pizza processing
plant in Wellston.[1]
Wal-Mart is the largest private sector em-
ployer in Ohio,[2] with approximately 53,000
employees.[3] The largest Ohio employer with
headquarters in Ohio is Kroger, with approx-
imately 36,500 employees, and headquarters
in Cincinnati, Ohio.[2]
General statistics
Wal-Mart is the single-largest private sector
employer in Ohio, with approximately 53,000
employees in Ohio.[3]
Ohio’s private sector is composed of 921,000
employers, which hire around 50.4% of
Ohio’s non-farm private workforce.
Ohio’s gross state product (GSP) was $466
billion as of 2007.[3] If Ohio were to be its
own country, it would rank between Turkey
and the Netherlands in its nominal gross do-
mestic product.[4] The manufacturing sector
contributes 18% of Ohio’s GSP, followed by
the trade sector with 16%.[3] Ohio has a de-
veloping technology sector and is home to
over 28,000 employers that employ nearly
820,000 people; its rate of technology opera-
tions is 14% higher than the US average.[3]
Between 2006 and 2014, Ohio’s employ-
ment is expected to grow by 290,700 jobs, or
approximately 5.0%.[3] Personal income grew
an average of 3.1% in 2008.[3] Abou