Study: Georgia Forestry Industry Impact Tops $25 Billion
By: GFB News
1/24/2013 9:02:12 AM
A Georgia Tech study for the Georgia Forestry Commission revealed that economic activity generated by the forestry industry topped $25 billion in output and provided 118,459 jobs in 2011.
The "Economic Benefits of the Forest Industry in Georgia: 2011" report shows increases in output, compensation, employment and total economic impact, as well as impact statistics by region. The report, released on Jan. 11, shows that between 2010 and 2011 revenue generated directly by the forestry industry rose 4 percent to $15.1 billion. In that same time period, forest industry workers earned $2.9 billion in wages and salaries, up 13.3 percent.
Georgia's forest industry directly employed 46,378 people, up 6.8 percent, the first upward trend in four years.
Georgia's pulp and paper industry continued to dominate all sectors within the forest industry (over forest management/logging; lumber and wood preservation; veneer, plywood, and engineered wood; and secondary products) in revenue output, employment and compensation. The industry also generated more than $487 million in revenues for the state budget in 2011.
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