Introduction: Connecticut Download PDF
Connecticut has historically been an industrial state with products such as textiles, silverware, and clocks among its manufactures. It was also known for its military manufactures, which were first produced during the American Revolution. Military products such as jet engines, helicopters, ammunition, and submarines continue to be produced today. In addition, electronics, computer equipment, and office machines are important civilian products.
Connecticut has the highest per capita income and median household income in the country. This is largely a result of the vibrant financial sector, which is the largest contributor of revenue to Connecticut’s economy. Much of the financial sector’s success is due to a cluster of insurance companies located in Hartford, as well as an influx of hedge funds following a 1991 tax reform that made Connecticut more competitive than any other state.
Government
Symbols
State Seal: |
State Quarter: |
Time Zones:
| Standard Time | GMT-5 | |
| Daylight-Saving Time | GMT-4 | |
Statistics
- Per Capita Real GDP :
- $51,911
- Population:
- 3,501,250
- Percent of People Under Poverty Level:
- 8.3%
- Per Capita Personal Income:
- $49,852
- Percent of Population with a Bachelor's Degree:
- 19.4%
- Total Exports:
- $13,719,000,000
Top 5 Export Partner Countries
Canada
France
Germany
United Kingdom
Singapore
Top 5 Export Merchandise
Machinery Sales
Transportation Equipment Sales
Transportation Equipment Manufacturing
Plastics and Rubber Products Manufacturing
Fabricated Metal Products Manufacturing
Major Cities
Bridgeport, Hartford, New Haven, Washington
Major Airports
| Airport Name | City | |
| BDL | Bradley International | Windsor Locks |
Main Ports:
Bridgeport, New Haven
Corporations
| Company | Fortune 1000 Rank: | Revenues ($millions) | Headquarter City |
| General Electric | 6 | 168,307 | Fairfield |
| United Technologies | 42 | 47,829 | Hartford |
| Hartford Financial Services | 82 | 26,500 | Hartford |
| Aetna | 85 | 25,569 | Hartford |
| Xerox | 145 | 15,895 | Stamford |