The United States is a wealthy nation when compared to the rest of the world. Based on per-capita GDP at purchasing-power parity, America ranks as the third-richest country among the world's top 50 economies, and its economic power can be felt around the globe. The U.S. is a diverse nation, however, and not all of its states and territories are alike in terms of riches. Among America's states, where are people earning the most?
Taken from data provided by the Commerce Department's Bureau of Economic Analysis and based on 2011 state per-capita GDP in 2005 dollars, here are America's five wealthiest states and territories. While a few no-brainers make the list, some of the richest states may surprise you.
5: Wyoming, $55,516 per capita
It's hard to think of Wyoming as one of the wealthiest states in the country, but its citizens do well. In addition to ranking No. 5 in terms of GDP per capita, it's among the top 10 states by personal income per capita. Wyoming has seen its GDP decline recently, losing 1.2% in 2011 -- more than any other U.S. state. While Wyoming's rank on this list owes partly to its tiny population -- it is the least populated state with just 576,000 people in 2012 -- its economy is no slouch.
Top Stocks To Buy For 2014: Tye Soon Ltd (T08.SI)
Tye Soon Limited, an automotive parts distributor, together with its subsidiaries, engages in the import, export, and trading of automotive spare parts. The company offers damping and suspension products, steering parts and rubber-to-metal components, lighting and electronics, water pumps and universal joints, tensioners, ball bearings, clutch release bearings, wheel hub bearings, tensioner and idler bearings, shock absorbers, brake pads, brake discs, filters, wiper blades, and drum brake and disc brake assemblies, as well as parts for braking apparatus, such as friction materials. It also provides automobile and truck engine oils, two-stroke engine oils, rally and racing oils, gearbox oils for automatic transmission systems, oils for mechanical gearboxes and drive shafts, agricultural machinery oils, hydraulic oils, industrial oils, brake fluids, customized products, general and heavy-duty greases, automobile care products, cleaners, winter chemicals, and cooler protectio n products. In addition, the company engages in the property investment business. It has operations in Singapore, Malaysia, Thailand, Hong Kong, China, and Australia. The company was founded in 1933 and is based in Singapore. Tye Soon Limited is a subsidiary of OBG & Sons Pte Ltd.
Top Stocks To Buy For 2014: Nuveen Virginia Premium Income Municipal Fund (NPV)
Nuveen Virginia Premium Income Municipal Fund is a closed-ended fixed income mutual fund launched by Nuveen Investments, Inc. The fund is co-managed by Nuveen Fund Advisors, Inc. and Nuveen Asset Management, LLC. It invests in the fixed income markets of Virginia. The fund invests primarily in municipal securities rated Baa/BBB or better. It invests in securities that provide income exempt from federal and Virginia income tax. The fund employs fundamental analysis with bottom-up stock picking approach to create its portfolio. It benchmarks the performance of its portfolio against the S&P National Municipal Bond Index and the S&P Virginia Municipal Bond Index. Nuveen Virginia Premium Income Municipal Fund was formed on January 12, 1993 and is domiciled in the United States.
Top High Tech Stocks To Buy Right Now: Bryn Mawr Bank Corporation(BMTC)
Bryn Mawr Bank Corporation operates as the holding company for The Bryn Mawr Trust Company, which provides various commercial and retail banking services. The company accepts demand, time, and savings deposits; and makes commercial, real estate, and consumer loans, as well as other extensions of credit, including leases. It offers wealth management services, such as trust administration and fiduciary, custody, investment management and advisory, employee benefit account and IRA administration, estate settlement, tax, financial planning, and brokerage services. The company also provides casualty, property, and allied insurance, as well as life insurance, annuities, medical insurance, and accident and health insurance for groups and individuals. In addition, it offers title search and abstract services; mortgage services; and equipment leasing services. As of December 31, 2009, the company had nine full service branches and seven life care community offices in Montgomery, De laware, and Chester counties. Bryn Mawr Bank Corporation was founded in 1889 and is headquartered in Bryn Mawr, Pennsylvania.
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