8 percent for Ohio. Ohio is currently the seventh largest state economy is the U.S. I also found some data that compared Ohio to other countries in the world. For instance, if we took Ohio's total economic output, and considered it as the economic output of a totally separate country; Ohio would rank 23rd in the world just behind Taiwan and just ahead of South Africa.
The next figures that we should be interested in reviewing are the per capita personal income values in Ohio. According to The Bureau of Economic Analysis, in 2001 Ohio had a per capita personal income, or PCPI, of $28,699, ranking itself 26th in the nation and 94 percent of the national average, $30,413. In 1991, the PCPI was $19,196. The average annual growth rate of PCPI over the past ten years was 4.1 percent compared to an average annual growth for the nation of 4.3 percent.
The focus of this paper is technology within the Ohio State Economy. The main sector of Ohio's GSP is the manufacturing of durable goods, which comprises 24 percent of the total GSP. Ohio ranks third in the nation in the manufacturing of durable goods. Obviously, technology must play a vital role in any manufacturing setting consequently; Ohio must become and stay a leader in the growth and production of technological advances. One of the major categories of the manufacturing of durable goods includes Ohio's Aerospace and Defense industry. This manufacturing industry includes establishments manufacturing aircraft, missles, space vehicles, aerospace engines propulsion units and aircraft or propulsion system rebuilding. In 2000, Ohio ranked sixth nationally in the aerospace product and parts manufacturing industry, employing over 20,000 workers at 78 different establishments. Notable companies and major employers in the aerospace industry in Ohio are Wright-Patterson Air Force Base, NASA Glenn, General Electric Company, Goodrich Company, and Parker-Hannifin Corporation.