DECD: 1999 Connecticut Market Data

1999 Connecticut Market Data

The Connecticut Market Data were a series of biennial publications produced by the Department of Economic and Community Development from 1995 to 2000. With the advent of the internet, the publication of the Connecticut Market Data ceased. The information contained on this webpage is provided for historical purposes.  For current economic, demographic, employment, housing and fiscal data please visit the Research and Planning Data page of this website.
The 1999 Connecticut Market Data is a summary of Connecticut economic and demographic statistics and comparative features. With more than 200 tables, it will answer your questions about Connecticut's people, economy and industries. The report also includes statistics on labor force, markets, business, education, housing, income, exports, foreign direct investments, and other topics, as well as text explaining the state's business support programs and development resources outlook.

Using the table below, jump directly to the section in which you are interested or use the scroll bar to go to the specific item you wish to view. You can download individual files in either Adobe Acrobat format or the native file format (either Microsoft Word 97 or Excel 97). 

Chapter 1
OVERVIEW

Chapter 4
TRANSPORTATION

Chapter 7
INCOME

Chapter 10
EDUCATION

Chapter 2
MARKETS

Chapter 5
DEMOGRAPHICS

Chapter 8
ECONOMIC PROFILE

Chapter 11
HOUSING

Chapter 3
GOVERNMENT

Chapter 6
LABOR FORCE

Chapter 9
EXPORTS

Chapter 12
REGIONS

CHAPTER 1 - OVERVIEW

PDF  Excel  Connecticut In Comparison To Other States
PDF   Excel  Connecticut Facts

Connecticut has a rich cultural heritage and boasts an increasingly diverse economy. The state’s geography stretches from the picturesque whaling and maritime villages of New London County to the stonewalls and postcard-perfect foothills of Litchfield County. Connecticut’s capitol city, Hartford, was home to literary greats Mark Twain and Harriet Beecher Stowe as well as the poet Wallace Stevens. From the bustling business centers of Fairfield County where an unparalleled number of fortune 500 companies are headquartered, to the leisurely, rural landscapes of Windham County, Connecticut is still "full of surprises."

The fundamentals of our economy are strong. Ranked first in the nation in per capita income for more than a decade, the State has earned a sustained number one ranking in traded sector strength. Defense and insurance are still hallmarks, but bioscience, software, photonics, pharmaceuticals, medical technology, and tourism have emerged as pillars of commercial and industrial growth. Foreign exports have risen steadily, consistently outpacing the U.S. rate of growth, and today Connecticut companies trade with more than 170 countries worldwide.

The Charter Oak state ranks first in educational attainment of its workforce, first in average teachers salaries, first in percent employed in high technology industries, and first in percent of population with access to health care. Connecticut is a national leader in education, technology, and health services, and is poised for sustained growth in the 21st century.

CHAPTER 2 - MARKETS

PDF  Excel   Connecticut's Consumer Market 1995
PDF  Excel  Connecticut's Industrial Market 1995

Centrally located in the nation's large eastern markets, Connecticut is a hub of commercial activity. Few states are as close to a market this large and this wealthy. A third of the U.S. economy and two-thirds of the Canadian economy lie within a day’s drive of the state. The numbers speak for themselves.

Within a day’s drive are:

34% of U.S. Effective Buying Income, 31% of U.S. Retail Sales, 32% of U.S. Population, 68% of Canadian Population, 68% of Canadian Effective Buying Income, 66% of Canadian Retail Sales, 33% of U.S. Manufacturing Firms, 34% of U.S. Manufacturing Employment, 34% of U.S. Value Added by Manufacture, Nearly 80% of Canadian Manufacturing

CHAPTER 3 - GOVERNMENT

PDF  Excel   Connecticut State Revenue By Source
PDF  Excel  Connecticut State Spending By Function
PDF  Excel  Connecticut's Share Of Federal Aid In 1995
PDF   Excel  State And Local Taxes As Percentage Of Income
PDF  Excel  Government Productivity
PDF  Excel  Connecticut Government Employment By Function
PDF   Excel  Connecticut Gross State Product In Government
PDF  Excel  Municipal Property Taxes And Grand Lists
PDF   Excel  Government Tax Collection By Category, 1996

Prudent budget management and a fiscally conservative approach to State government have been a part of Connecticut’s fiscal success story. Greater efficiencies have never been more important and creative partnerships provide cutting edge resources to State government as it seeks new ways to deliver services to the taxpayers of our state.

Connecticut State and local government is leaner and more productive than is commonly thought. Connecticut’s government employment per 10,000 of population is smaller than in 48 other states. Government productivity in Connecticut is higher than in the United States and in New England.

Connecticut’s fiscal system is a mix of federal, State, and municipal – but not county – government finances. As a high-income State, Connecticut receives a smaller share of federal government revenue than it pays out. Moreover, municipal property taxes are an important contributor to the overall fiscal picture. Overall, Connecticut’s revenue resources are consistently considered more stable and balanced than in many other states.

CHAPTER 4 - TRANSPORTATION

PDF  Word   Transportation Facts About Connecticut
PDF  Excel  Highway Conditions And Maintenance Cost

As we approach the 21st century, Connecticut will complete its 15-year, $11.5 billion transportation plan. More than $2.3 million licensed drivers travel the 20,500 miles of paved roadways in the state, and many projects are underway to ease the burden of commuting. Upon their completion, a safe, efficient, and cost-effective transportation system that meets the mobility needs of its users will be in place.

Connecticut’s highways have recently undergone a serious facelift in preparation for the increase in the speed limit. New bridges, as well as the restructuring of old ones, are part of the many major improvements being completed. Landmark bridges such as the Q-Bridge in New Haven and the Founders Bridge in Hartford are scheduled for lane expansion and reconstruction. These renovations should provide users with a more efficient commute to and from their destinations.

Bradley International Airport is in the midst of major renovations as well. With 280 departures a day, five million passengers per year, and 135,000 tons of cargo through New England's second largest airport, the expansion and improvement of Bradley’s passenger terminal complex will provide services and atmosphere for leisure and business users. A foreign trade zone adjacent to the airport supports international trade, and a master plan for Bradley will help it achieve its full potential as an economic development resource.

CHAPTER 5 - DEMOGRAPHICS

PDF  Excel   Population, Land Area, And Density By Location
PDF  Excel  US And CT Population Growth And Growth Indices
PDF   Excel  Age Distribution In CT, New England, And The US
PDF  Excel  Municipal Population And Age Distribution, 1990
PDF   Excel  Connecticut Population Growth By Town, 1980-1995

Connecticut’s 5,008 square miles are occupied by 3,287,116 people. These "Nutmeggers" are socially and culturally diverse, which makes Connecticut a unique place to live. The ancestry of Connecticut stems back to the Pequot and Paugussett Indians, who were the first to inhabit and farm the land. Next, the European Separatists moved to Connecticut in the hopes of bettering themselves by the rewards of a free life. The success Separatists experienced paved the way for people of various ethnic backgrounds to come to Connecticut, giving the State its motto: "Who transplanted still sustains." Many people migrated to Connecticut in an effort to take advantage of the growing manufacturing opportunities Connecticut offered during the Industrial Revolution. Connecticut has evolved over time as a diverse and equal opportunity state.

Connecticut’s population growth rate has varied, but the current projected growth rate of about 2.3 percent over the time period of 1995 to 2005 will give Connecticut an estimated population of 3,364,080 by the year 2005. Over 75 percent of Connecticut’s population is centered in Fairfield, Hartford and New Haven Counties. We expect the largest population growth to occur in the less densely populated counties of Tolland and Litchfield.

The median age of a Connecticut resident is 34.4 years. The vast majority of our population is comprised of people who are between the ages of 18-64. These are the demographics of the population that will lead the state into the next millennium.

CHAPTER 6 - LABOR FORCE

PDF  Excel   Connecticut And US Total Non-Farm Employment
PDF  Excel  Employment By Labor Market Area
PDF  Excel  Connecticut Employment By Industry
PDF  Excel  Connecticut Employment By Occupation
PDF  Excel  Labor Force And Employment For CT Regions, 1996
PDF   Excel  Employment In Connecticut Towns: Total, 1977-1996
PDF  Excel  Employment In Connecticut Towns: Manufacturing
PDF   Excel  Connecticut And US Unemployment
PDF  Excel  Unemployment Rates In Connecticut By Town
PDF   Excel  Educational Attainment, CT, NE, And US
PDF  Excel  Patents Per Capita: CT, New England, And US

The composition of Connecticut’s labor force has undergone dramatic change in the last forty years. In 1950, three percent of the employment distribution was in agriculture, 49 percent in manufacturing, and 48 percent in services. By 1998, only one percent was in agriculture, 21 percent in manufacturing, and 78 percent in services.

This turnaround has not diminished Connecticut’s lead as an income producing State. In 1998, Connecticut’s per capita income was 42 percent higher than the national average. Connecticut’s decade-long lead in per capita income has been built on the productivity of Connecticut’s workforce. Measured by real Gross State Product per worker, manufacturing activity has more than doubled since 1980. Throughout this decade, Connecticut’s service sector and other non-manufacturing productivity exceeded U.S. productivity.

Connecticut’s labor force unemployment rate fell at the end of 1998 to 3.1 percent, well below the national rate of 4.3 percent for the same period. At the end of 1998, Connecticut’s labor force experienced the highest nonfarm employment and the lowest unemployment rate recorded in a decade.

CHAPTER 7 - INCOME

PDF  Excel   Per Capita Personal Income, 1973-1996
PDF  Excel  Real Per Capita Personal Income, 1973-1993
PDF   Excel  Effective Buying Inc., US, NE, CT, And CT Counties
PDF  Excel  Real Per Capita Income And Its Sources
PDF  Excel  Earned Income By Industry
PDF  Excel  Share Of Earned Income By Key Industry Sectors
PDF   Excel  Median Household Effective Buying Income
PDF  Excel  Town Income Statistics, 1997
PDF  Excel  Personal Income By County, 1990-1996

In 1998, Connecticut led the nation in per capita income, and it has ranked first in that category for more than a decade. The percentage by which Connecticut exceeds the national average topped 42 percent in 1998, outpacing even the all-time high of 40 percent in 1989.

Fully 66.8 percent of personal income was earned income, higher than the New England or the U.S. share. Earnings were nearly three-and-a-half times what Connecticut residents make through interest, dividends, and rent.

Manufacturing and services combined to produce Connecticut’s large income lead. Data show that these two major groups were leading in earned income by industry with shares of 20.8 and 30.0 respectively. In fact, the U.S. Bureau of Economic Analysis, ranking of the States puts Connecticut 2nd only to Delaware among the states in average annual pay in manufacturing.

If future projections are further reassurance, it may be worth noting that even in 2005, Connecticut is expected to be number 1 in the U.S. in per capita income. In the income edge, today’s success is tomorrow’s expectation.

CHAPTER 8 - ECONOMIC PROFILE

PDF  Excel   CT Business Establishments By Industry & Est. Size
PDF  Excel  CT Employment By Industry And Establishment Size
PDF   Excel  Gross State Product Per Capita
PDF   Excel  Growth Rate Of Gross State Product: CT, NE, US
PDF  Excel  Connecticut Gross State Product By Sector
PDF   Excel  Sector Share Of Gross State Product
PDF   Excel  Top 100 Companies Headquartered In CT
PDF   Excel  20 Largest Foreign-Owned Companies In CT
PDF  Excel  20 Largest CT Banks, Ranked By Assets
PDF   Excel  10 Largest CT Insurance Companies
PDF   Excel  CT Compared To The World's 40 Largest Economies
PDF  Excel  Agricultural Services, Forestry, And Fishing
PDF   Excel  CT Output In Agriculture
PDF   Excel  Agri. , Forestry & Fishing Dist. Of Est. & Emp.
PDF  Excel  Productivity In Agriculture, Forestry, And Fishing
PDF  Excel  Construction And Mining
PDF  Excel  CT Output In Construction And Mining
PDF  Excel  Construction & Mining, Dist. Of Est. & Emp.
PDF  Excel  Productivity In Construction And Mining
PDF   Excel  Manufacturing, Emp. & Number Of Est.
PDF  Excel  Capital Investment And Value-Added In Man.
PDF   Excel  Value-Added Per Manufacturing Worker
PDF  Excel  CT Output In Manufacturing
PDF  Excel  Dist. Of Est. & Emp. In Manufacturing
PDF   Excel  Manufacturing Productivity
PDF   Excel  Transportation, Comm., And Public Utils
PDF  Excel  CT Output In Trans., Comm., & Public Utils
PDF   Excel  Dist. Of Est. & Emp. In Trans., Public Utils & Comm.
PDF  Excel  Productivity In Trans., Comm., And Public Utils
PDF   Excel  Retail And Wholesale Trade, 1977-1994
PDF   Excel  Connecticut Output In Trade
PDF   Excel  Distribution Of Est. And Emp. In Trade
PDF  Excel  Productivity In Trade
PDF  Excel  Finance, Ins. & Real Estate: Emp. & Number Of Est.
PDF  Excel  CT Output In Finance, Insurance, And Real Estate
PDF   Excel  Dist. Of Estab. & Emp. In Finance, Ins. & Real Estate
PDF  Excel  Productivity In Finance, Insurance, And Real Estate
PDF   Excel  Employment And Number Of Estab. In Services
PDF  Excel  Distribution Of Estab. And Employment In Services
PDF   Excel  Connecticut Output In Services
PDF   Excel  Productivity In Services
PDF   Excel  Connecticut Gross State Product, Current Dollars
PDF  Excel  New England Gross Regional Product, Current Dollars
PDF  Excel  US Gross Domestic Product, Current Dollars
PDF   Excel  Connecticut Constant-Dollar GSP
PDF   Excel  New England Constant-Dollar GSP
PDF   Excel  US Constant-Dollar GSP
PDF   Excel  CT & US Employment & Estab. Data By Sector

Connecticut’s economy continues to exhibit expanding employment, high income, increased output, and strong levels of business and consumer confidence. This continued success is a reflection of Connecticut’s many economic strengths, including: a highly productive and educated labor force, a superior quality of life for many residents, a strategic geographic business location, the nation’s highest percentage of employment in technology-based industries, and companies succeeding in both established and evolving industries.

In the midst of a sustained upward trend, many of Connecticut’s economic indicators are positive. The economy has regained over 80 percent of the jobs lost in the severe 1989-1992 recession. Over 200 businesses have moved to Connecticut since 1995. Gross State Product is approaching $130 billion. Connecticut’s top national rank in per capita income is unabated for over a decade. The unemployment rate is at a record low level, housing permits are up enormously, and business confidence is at an all-time high.

As the State approaches the 21st century, its greatest economic strength may be the quality of its labor force and the diversity of its industry. Defense and insurance are still major players in the economic and employment picture. Yet industries like pharmaceuticals, aerospace, medical technology, advanced materials, photonics, and tourism, continue to grow and prosper. Overall, Connecticut is poised for a promising economic future.

CHAPTER 9 - EXPORTS

PDF  Excel   Connecticut's Major Trading Partners, 1988-1995
PDF  Excel  Connecticut's Major Exporting Industries
PDF   Excel  Connecticut And US Exports, 1988-1996
PDF  Excel  Gross Value Of Property, Plant & Equip. By Country
PDF   Excel  Affiliates Emp. By Industry, CT, NE, US
PDF  Excel  Gross Value Of Property, Plant, & Equip. By Industry

Connecticut is a global state with a rich history of manufacturing and innovation. Our market leading companies and internationally competitive products have helped position Connecticut as one of the top U.S. states in foreign markets. In 1998, we led the nation in traded sector strength, with not only the largest earnings from businesses that compete out of the state, but also the largest increase in those earnings.

Connecticut businesses export to more than 170 countries. The export sector plays an important role in our overall economic growth and has been a vital part of Connecticut’s economic recovery. Connecticut’s exports increased by 14 percent in 1997, the largest rate of growth in seven years. Through three quarters of 1998, exports were up 7.2 percent, far outpacing the U.S. growth rate which fell by 1.1 percent during the same period.

Connecticut has adopted an international strategic action plan that targets emerging markets – markets that will be the world’s greatest producers of wealth during the next several decades. The fastest-growing markets in the world are outside the United States, and Connecticut has established trade representative in Argentina, Brazil, Israel, China, Africa, and Mexico. We have also established a toll-free information service to help companies learn more about the export business.

As a high-tech state with the most skilled work force in the nation, Connecticut is poised for a continued export growth. Our aggressive, customer-focused export development initiatives are helping Connecticut companies succeed in overseas markets.

CHAPTER 10 - EDUCATION

PDF  Excel   Expenditures Per Student By State And Local Gov.
PDF  Excel  Student/Teacher Ratio, 1985-1993
PDF  Word  Public And Independent Colleges In Connecticut

Connecticut’s future starts with its investment in education. The State’s expenditures per pupil in elementary and secondary schools have consistently outpaced New England and the U.S., as has its student/teacher ratio in the last decade. Connecticut leads the nation in teacher compensation. Educational attainment ranks the State third in the nation, and Connecticut has the second highest percentage of its population with a bachelor’s degree or higher.

Connecticut’s educational mission is to provide - through leadership and service - insight,

expertise, training, encouragement and resources to assist those in the education and related communities to succeed in helping all Connecticut students become effective lifelong learners, able to reach their personal and career goals and become involved, productive, confident and satisfied members of society.

Toward this mission Connecticut has a research university with 8 campuses; 4 state universities; 12 community-technical colleges, an external degree college, and the US Coast Guard Academy. The State also boasts 4 national universities, 15 regional colleges/universities and 5 two-year colleges.

CHAPTER 11 - HOUSING

PDF  Excel   Housing Units\Median Home Sales Prices In CT
PDF  Excel  Net Change In Connecticut Housing Units
PDF  Excel  Housing Units By Town And Type Of Unit

Connecticut has an estimated 1,375,000 housing units, of which 865,000 are single-family homes and 480,000 are condominium units. The housing sector is booming. In 1998 alone, the housing permits reached all-time high of over 11,000 units. Connecticut’s housing stock is as diverse as its population: Houses more than 200 years old are a common sight in our towns, and new developments are plentiful in our scenic hills. Our industrial heritage of textile mills and industrial space is preserved by conversion to apartments and lofts, and public and private development is creating pleasant and safe neighborhoods of affordable housing in our cities.

Connecticut’s continuously improving economy, along with low inflation and low interest rates, helped to boost the housing market, as evidenced by the record high number of new housing permits issued, and led to an explosive growth in the number of construction jobs throughout the State.

CHAPTER 12 - REGIONS

PDF  Word   Regional Councils Of Gov. & Planning Agencies
PDF  Word  Dep. Of Economic And Community Development

For a state that is only 60 miles from shoreline to northern border and 100-miles wide, one of Connecticut’s great "surprises" may be the diversity of its regions. Featured among these are some 11 tourism districts, eight counties, 13 economic development regions, 10 labor market areas, 15 regional planning areas, and 169 municipalities.

Regional cooperation and planning are essential in a State in which independent town government prevails. Examples include combined primary and secondary school districts, resource recovery compacts, regional workforce boards, and regional education service centers.

For federal government purposes, metropolitan statistical areas (MSAs) are important. For data purposes, counties even play a role, although counties are not a governing entity in Connecticut. The Department of Economic and Community Development also offers 13 regional offices and five urban offices for the convenience of its clients. In this chapter you will find the listings and the maps to let you pick a winning team.