With a population of 4,832,482, South Carolina is the 24th most populated states in the USA. Also known as The Palmetto State, South Carolina is the 40th largest state in the USA. Columbia is the capital as well as the largest city of South Carolina.
From 2010-2014, an increment of 4.48% was noted in the population. The reason of that notable increment was the immigration of people from outside the United States.
Back in 2009, South Carolina spent almost $9,450 on each student, which ranked state 31st in the list of states spending more education. With 85 school districts, almost 712,44 students of South Carolina enroll in educational activities each year.
According to a survey of 2007, the total gross state product of South Carolina was $153 billion and the per capita income of the state was $28,894. In the field of agriculture, South Carolina is a large producer of dairy products, tobacco, soybeans, hay, rice, poultry and swine.
South Carolina is an industrial state, as the state is a large producer of textile goods, machinery, automobiles, chemical products, paper products and automotive products. According to a report on March 2012, almost 12% of jobs are in the sector manufacturing and 19% of them are in transportation.
During the economic downfall in December 2009, the unemployment rate in South Carolina was 12%, however, the state reduced the gap from 12% to 8.9% till March 2012. Due to lower wages and cheap employment, many businessmen have moved towards South Carolina.
One of the major factors that affects the economy of South Carolina is foreign investment. According to some reports, there are almost 1,950 foreign firms in South Carolina and approximately 135,000 people are employed in them.