Main article: Economy of St. Louis
According to stltoday.com 2015 GDP of St. Louis was $155 billion.
2014 Gross Metropolitan Product (GMP) of St. Louis was $145.958 billion
up from $144.03 in 2013, $138.403 in 2012 and $133.1 in 2011 making it
the 21st-highest in the country. The St. Louis Metropolitan Area had a
Per capita GDP of $48,738 in 2014 up 1.6% from 2013.[57]
This signals the growth of the St. Louis economy. According to the 2007
Economic Census, manufacturing in the city conducted nearly $11 billion
in business, followed by the health care and social service industry
with $3.5 billion, professional or technical services with $3.1 billion,
and the retail trade with $2.5 billion. The health care sector was the
biggest employer in the area with 34,000 workers, followed by
administrative and support jobs, 24,000; manufacturing, 21,000, and food
service, 20,000.[58]Major companies and institutions
The Anheuser-Busch packaging plant in St. Louis
A Boeing F/A-18E Super Hornet produced by Boeing Defense, Space & Security, which is headquartered in St. Louis. The F/A-18E Super Hornet is assembled in the St. Louis area.
Health care and biotechnology institutions with operations in St. Louis include Pfizer, the Donald Danforth Plant Science Center, the Solae Company, Sigma-Aldrich, and Multidata Systems International. General Motors manufactures automobiles in Wentzville, while an earlier plant, known as the St. Louis Truck Assembly, built GMC automobiles from 1920 until 1987. Chrysler closed its St. Louis Assembly production facility in nearby Fenton, Missouri and Ford closed the St. Louis Assembly Plant in Hazelwood.
Several once-independent pillars of the local economy have been purchased by other corporations. Among them are Anheuser-Busch, purchased by Belgium-based InBev; Missouri Pacific Railroad, which was headquartered in St. Louis, merged with the Omaha, Nebraska-based Union Pacific Railroad in 1982;[60] McDonnell Douglas, whose operations are now part of Boeing Defense, Space & Security;[61] Mallinckrodt, purchased by Tyco International; and Ralston Purina, now a wholly owned subsidiary of Nestlé.[62] The May Department Stores Company (which owned Famous-Barr and Marshall Field's stores) was purchased by Federated Department Stores, which has its regional headquarters in the area. The Federal Reserve Bank of St. Louis in downtown is one of two federal reserve banks in Missouri.[63] Most of the assets of Furniture Brands International were sold to Heritage Home Group in 2013, and while that company remained in the area for a brief time, it has moved to North Carolina.[64][65]
Barnes-Jewish Hospital, which is affiliated with the Washington University School of Medicine
Boeing employs nearly 15,000 people in its north St. Louis campus, headquarters to its defense unit. In 2013, the company said it would move about 600 jobs from Seattle, where labor costs have risen, to a new IT center in St. Louis.[70][71] Other companies, such as LaunchCode and LockerDome, see the city's potential to become the next major tech hub.[72] Programs such as Arch Grants are attracting new startups to the region.[73]
According to the St. Louis Business Journal, the top employers in the St. Louis metropolitan area as of June 1, 2015, are as follows:[74]
| # | Employer | # of Employees |
|---|---|---|
| 1 | BJC Health Care | 24,182 |
| 2 | Wal-Mart Stores, Inc. | 21,721 |
| 3 | Boeing Defense, Space & Security | 15,000 |
| 4 | Washington University | 14,451 |
| 5 | SSM Health | 13,301 |
| # | Employer | # of Employees |
|---|---|---|
| 1 | Washington University | 15,683 |
| 2 | BJC Health Care | 14,142 |
| 3 | St. Louis University | 10,257 |
| 4 | City of St. Louis | 9,254 |
| 5 | Defense Finance and Accounting Service | 6,411 |
| 6 | Wells Fargo (A. G. Edwards) | 5,645 |
| 7 | St. Louis Board of Education | 5,179 |
| 8 | US Postal Service | 4,624 |
| 9 | State of Missouri | 4,038 |
| 10 | St. Louis Children's Hospital | 3,615 |
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