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Maptitude Featured Map Infographic:
Where Private Enterprise Drives the Economy (& Where it Doesn't): Private Industry GDP by County

Maptitude is the best mapping software for business intelligence! Maptitude allows you to map and analyze locations in almost any industry. This map shows the percentage of gross domestic product (GDP) that is derived from private industries in each county. Maptitude includes the most-recent available county-level GDP data that you can use in your analysis.

The U.S. average is 88% of GDP from private industries. Counties shown in shades of pink exceed the U.S. average. Seven counties derived over 99% of their GDP from private industries, and all are located in Texas (Loving, Glasscock, Martin, McMullen, Upton, Irion, and Reagan counties). Counties shown in shades of green are below the U.S. average, many of which contain large government institutions, such as military bases and college campuses, or large Native American populations. Chattahoochee County, Georgia, home to Fort Benning, has the lowest GDP from private industries (14%), followed by Oglala Lakota County, South Dakota (24%), Menominee County, Wisconsin (25%), and Sioux County, North Dakota (28%).

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Maptitude mapping software infographic of GDP from Private Industries  

Map: Created with Maptitude Mapping Software by Caliper, April 2023
Source: Bureau of Economic Analysis

What is the significance of the percentage of gross domestic product (GDP) that is derived from private industries?

The percentage of GDP that is derived from private industries, also known as the private sector or private enterprise, is an important indicator of the overall health and performance of a country's economy.

Private industries are those that are owned and operated by individuals or private corporations, as opposed to the government. These industries include manufacturing, construction, retail, finance, and many other sectors. A high percentage of GDP derived from the private sector indicates that the economy is driven by the entrepreneurial spirit and innovation of individuals and private businesses. It also suggests that the government is not overly involved in the economy and that the market is largely free to operate.

A healthy private sector is important for economic growth and job creation. Private businesses are often more efficient and adaptable than government-run enterprises, and they tend to be better at identifying and responding to changes in consumer demand and market conditions. However, a high percentage of GDP derived from the private sector does not necessarily mean that the economy is free from government intervention or that it is equitable for all citizens. Some argue that too much emphasis on the private sector can lead to income inequality, environmental degradation, and other negative outcomes.

Overall, the percentage of GDP derived from private industries is one of many indicators used to assess the strength and health of an economy, and it should be considered in conjunction with other economic and social indicators.

#Maptitude #GDP #map

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