virginia demographic overview. core topics key demographic information general population overview...
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Virginia Demographic Overview
Core topics
Key Demographic Information
General population overview and growth trends
Population by major municipalities
Population age breakdown
Consumption behavior
Population ethnicity breakdown
Consumption behavior
Household income/disposable income/GDP
Business climate and key economic factors
Core industry anchors (manufacturing, gov’t, education, financial, etc)
Unemployment
Tax implications of market
Legislative or regulatory environment
Any current or pending legislation that would affect the industry
Overall business “friendliness”
Key Demographic Information: General Population Virginia Ranks 12th in Population and represents 2.56% of the
USA population
64.6% of the population is between 18 and 65 years old
8.2% of the population is Hispanic
Source: U.S. Census Bureau - http://quickfacts.census.gov/qfd/index.html
Key Demographic Information
Virginia Quick Facts VirginiaChesapeake
(City) Virginia Beach
(City) Richmond (City) Roanoke (City) USAPopulation, 2011 8,096,604 225,050 442,207 205,593 96,714 308,745,538Population, % change, 2010 to 2011 1.20% 1.30% 1.10% 0.60% -0.30% 9.70%
Persons under 18 years, percent, 2011 22.90% 25.90% 24.00% 18.60% 21.80% 24.00%Persons 65 years and over, percent, 2011 12.50% 10.40% 10.60% 11.10% 14.30% 13.00%Female persons. Percent, 2011 50.90% 51.40% 51.00% 52.30% 52.20% 50.80%
White persons, percent, 2011 71.30% 62.60% 67.70% 40.80% 64.20% 72.40%Black persons, percent, 2011 19.80% 29.80% 19.60% 50.60% 28.50% 12.60%Persons of Hispanic or Latino origin, percent, 2011 8.20% 4.40% 6.60% 6.30% 5.50% 16.30%
Bachelor's degree or higher, percent, 2011 34.40% 28.10% 32.30% 32.90% 22.40% 27.90%
Housing units, 2011 3,387,654 78,898 164,041 83,615 42,892 131,704,730Median household income 2007 - 2011 $63,302 $70,115 $65,910 $39,201 $37,753 $51,914
Key Demographic Information
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Population by Sex/Age
Male3,925,983
Female4,075,041
Under 181,853,677
18 & over6,147,347
20 - 24 572,091
25 - 341,090,419
35 - 491,730,083
50 - 641,547,809
65 & over 976,937
Ethnicity (2011)
Non-Hispanic White 64.50%
Black or African American 19.80%Hispanic or Latino (of any race) 8.20%
Asian 5.80%
American Indian and Alaska Native 0.50%
Ancestry (2010)
German 11.70%
English 10.70% Irish 9.80%
American 9.70%
Subsaharan African 1.70%
Source: http://statchatva.org/2012/11/13/virginia-population-projections/
Key Demographic Information
Virginia – Projected Population Change 2010 - 2020
Key Demographic Information
Key Demographic Information: Personal Income PER CAPITA PERSONAL INCOME
In 2011 Virginia had a per capita personal income (PCPI) of $46,107. This PCPI was 111 percent of the national average, $41,560. The 2011 PCPI reflected an increase of 4.5 percent from 2010. The 2010-2011 national change was 4.4 percent. In 2001 the PCPI of Virginia was $33,246. The 2001-2011 compound annual growth rate of PCPI was 3.3 percent. The compound annual growth rate for the nation was 2.9 percent.
Key Demographic Information
Source: U.S. Bureau of Economic Analysis - http://www.bea.gov/regional/reis/
Per Capita Personal Income, 2011Per Capita Income as a Percent of the
United States
•In 2011 Virginia had a total personal income (TPI) of $373,311,727*. In 2001 the TPI of Virginia was $239,314,590*.*Note: Total personal income estimates are in thousands of dollars, not adjusted for inflation.
TOTAL PERSONAL INCOME
Source: http://www2.census.gov/geo/maps/dc10_thematic/2010_Profile/2010_Profile_Map_Virginia.pdf
Key Demographic Information
59.7% of working age Virginian’s are employed
The largest industry group is Education / Health Care at 21.1%
21.6% of working age Virginian’s work for the Government
Business Climate and Key Economic Factors
Business climate and economic factors: Employment
Source: U.S. Census Bureau – http://factfinder2.census.gov/faces/tableservices/jsf/pages/productview.xhtml?pid=ACS_10_1YR_DP03&prodType=table
The Current Unemployment Rate for Virginia is 5.6%
Business Climate and Key Economic Factors
Source: U.S. Bureau of Labor Statistics - http://www.bls.gov/lau/home.htm
Business climate and economic factors: Employment
Associated Distributors coverage areas are Blue and Orange
Source: U.S. Bureau of Economic Analysis http://bea.gov/newsreleases/regional/gdp_state/gsp_glance.htmhttp://bea.gov/regional/bearfacts/action.cfm
Business Climate and Key Economic Factors
Virginia United States
GROSS DOMESTIC PRODUCT (GDP) BY STATE•In 2011, Virginia current-dollar GDP was $428.9 billion and ranked 10th in the United States. In 2001, Virginia GDP was $280.1 billion and ranked 13th in the United States. •In 2011, Virginia real GDP grew 0.3 percent; the 2010-2011 national change was 1.5 percent. The 2001-2011 compound annual growth rate for Virginia real GDP was 1.9 percent; the compound annual growth rate for the nation was 1.4 percent. GDP BY STATE FOR INDUSTRIES•In 2011, the largest industry in Virginia was government. This industry accounted for 18.7 percent of Virginia GDP and had a 0.2 percent real decline. The second largest industry was professional, scientific, and technical services, which accounted for 14.1 percent of Virginia GDP and had 4.7 percent real growth. •The largest contributor to real GDP growth in Virginia was professional, scientific, and technical services. This industry accounted for 0.64 percentage point of the total growth in real GDP. The second largest contributor was finance and insurance. This industry accounted for 0.27 percentage point of the total growth in real GDP.* *Note: The industry contributions, or sum thereof, may be larger than 100 percent (and the percentage points larger than the percent change) because growing and declining industries offset one another.
Top Five State Industries as a percent of Total GDP, 2011
Finance and insurance
Real estate and
rental and leasing
Professional, scientific, and
technical services
Health care and social assistance
Government All others
Business Climate and Key Economic Factors
Business climate and economic factors: Taxation
Sales of All Beverages, Fiscal Year 2012Product Gallons(1) Liters Total Gallons (%) Gross Dollars Gross Sales (%)
STATE STORE SALESDistilled Spirits 9,947,626 37,655,843 97.2% $726,138,331 99.0%
Virginia Wine 26,406 99,958 0.3% $1,517,338 0.2%
Vermouth 34,531 130,714 0.3% $1,338,240 0.2%
Alcohol 68 257 0.0% $8,568 0.0%
Nonalcoholic Mixers 226,698 859,165 2.2% $4,465,579 0.6%
Total 10,235,599 38,745,937 100.0% $733,468,156 100.0%
DIRECT SALES FROM WHOLESALERSWines ($0.40 liter) (2) 23,987,756 90,803,490 13.3% $36,324,444 45.4%
Beer ($7.95 barrel) (3) 156,512,582 592,464,293 86.7% $43,628,825 54.6%
Total 180,500,338 683,267,783 100.0% $79,953,269 100.0%
NOTES: (1) Excludes miscellaneous records, nonbeverage and confiscated items.(2) Gross liter tax for wines after 12 percent allocated to ABC revenue(3) Malt beverage gallons are estimated. Gross tax is taken from the malt beverage tax listed in “Financial Results in Brief, Fiscal Year 2012” (this page).Source: Policy, Planning and Analysis (PPA)
A Message from the Chairman andChief Operating & Financial Officers of the VAABCWe are pleased to present the Fiscal Year 2012 Annual Report for the VirginiaDepartment of Alcoholic Beverage Control (ABC). These facts and figures represent afourteenth consecutive record-breaking year for retail sales by our agency. In Fiscal Year2012, we opened three new stores, relocated six, modernized six and expanded andmodernized two. ABC operations returned record profits of $132 million to theCommonwealth of Virginia. The agency has contributed $1.7 billion dollars to thecommonwealth in the last five years.
Business Climate and Key Economic Factors
Source:
Business climate and economic factors:
No issues currently in Virginia
Legal or Regulatory Environment
Virginia Licenses and Licensing
ABC retail licenses (1) 17,483New retail, wholesale and special-permit licenses 1,961Licensed retail establishments 16,271Private or corporate owners 12,766Alcohol compliance rates for retail licensees (%) (2) 87.07Average processing time for new retail applications (in days) (3) 80One-day banquet and special-event licenses 17,770(1) Inclusive of licenses for sale and consumption of beer and wine, mixed beverages,on- or off-premises.(2) FY 11 rate: 90.28 percent(3) FY 11: 90 days. ABC targets a 76-day average.
Source: VAABC 2012 Annual Report