Virginia's economy

Virginia has a balanced economic development and many sources of income. Quanzhou has 465,438+10,000 ordinary workers, one third of whom are engaged in the tertiary industry. In 2009, Forbes magazine ranked Virginia as the best state in the United States for four consecutive years. In 2008, the state's gross national product was $397 billion. In 2000, among the richest county-level administrative regions in the United States 100, Virginia ranked first in number. Virginia has 18 Fortune 500 companies, ranking tenth in the United States. Virginia has the densest skilled workers in the United States, and its industrial products are highly technical. In 2006, computer chips were the highest export value products in the state, exceeding the sum of coal and tobacco in traditional exports. Northern Virginia used to be the cheese production and processing base in the whole state, but now it has developed into a high-tech industrial center focusing on information and communication technology and information consultation, especially Dulles Science and Technology Corridor. The data center in northern Virginia is responsible for 50% of the international Internet traffic in the United States. By 20 12 years, Dominion power plant 10% of the electricity will be used for data centers. As of 2006, the median household income of Fairfax County and Louden County in the north ranked first and second in the whole state and even in all counties in the United States.

From Hampton Anchorage to southern Virginia in Richmond, its economy mainly depends on local military bases and facilities; There are also animal husbandry, tobacco and peanut cultivation. There are 47,000 farms in Virginia with a total area of 8.5 million acres. The average area of each farm is 65,438+0,865,438+0 acres, and agricultural employees account for 20% of the employed population in Virginia. In 2006, the planting area and yield of tomatoes in Virginia surpassed that of soybeans, and together with peanuts and hay, they became the most important cash crops in the state. Oysters are an important part of chesapeake bay's economy, but due to diseases, seawater pollution and overfishing, the output of oysters has been greatly reduced. Wineries and vineyards all over the Gulf Coast and the Blue Ridge Mountains in Northern Virginia have also begun to earn income from tourism.

Many well-educated people in Northern Virginia directly serve the offices of the U.S. federal government in this area, while other ordinary people work for government security companies under employment contracts. Many American government departments, including the Central Intelligence Agency and the Department of Defense, as well as the National Science Foundation, the Geological Survey and the Patent and Trademark Office, have offices in Northern Virginia. Hampton Anchorage is the most concentrated and largest area of military facilities in the world's metropolises, and the Norfolk Naval Base of the United States is located in this area. Virginia has 800,000 veterans, more than any other state in the United States. Virginia's per capita defense expenditure ranks second in the United States, second only to Alaska.

Personal income tax in Virginia is levied according to five income levels, and the tax rate ranges from 3% to 5.75%; Commodity sales and use tax rate is 5%, food tax rate is 2.5%; Virginia also has a local surcharge of 1%, and a mixed sales tax with a total tax rate of 5% is also required for most goods purchases; Property tax is levied by local governments, and the scope of collection is different all over the country, because the real estate is located in different regions; Real estate is taxed according to the local completely fair market value; Tangible assets belonging to individuals are taxed according to the local economic level and the percentage of the original cost of the assets.

In 2006, Forbes magazine listed Virginia as the best business environment state in the United States.