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Economy - overview:
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Ohio is a major producer of machines, tires and rubber products, steel, processed foods, tools, and other manufactured goods. This is not immediately obvious because Ohio specializes in capital goods (goods used to make other goods, such as machine tools, automobile parts, industrial chemicals, and plastic moldings). Nevertheless, there are well known Ohio consumer items including some Procter & Gamble products, Smuckers jams and jellies, and Day-Glo paints.
Ohio is the site of the invention of the airplane, resulting from the experiments of the Wright brothers in Dayton. Production of aircraft in the USA is now centered elsewhere, but a large experimental and design facility, Wright-Patterson Air Force Base has been located near Dayton and serves in the co-ordination of production of US military aircraft. On the base are located Wright Hill and Huffman Prairie, where many of the earliest aerodynamic experiments of the Wright brothers were performed. Ohio today also has many aerospace, defense, and NASA parts and systems suppliers scattered throughout the state.
As part of the Corn Belt, agriculture also plays an important role in the state's economy. There is also a small commercial fishing sector on Lake Erie, and the principal catch is yellow perch. In addition, Ohio's historical attractions, varying landscapes, and recreational opportunities are the basis for a thriving tourist industry. Over 2,500 lakes and 43,000 miles (70,000 km) of river landscapes are a paradise for boaters, fishermen, and swimmers. Three major amusement parks, Cedar Point, Geauga Lake, and Paramount's Kings Island, are also important to the tourism industry. Of special historical interest are the Native American archaeological sites—including grave mounds and other sites.
The Bureau of Economic Analysis estimates that Ohio's gross state product in 2004 was $419 billion. Per capita personal income in 2003 was $30,129, 25th in the nation. Ohio's agricultural outputs are soybeans, dairy products, corn, tomatoes, hogs, cattle, poultry and eggs. Its industrial outputs are transportation equipment, fabricated metal products, machinery, food processing, and electricity equipment.
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