- Collection:
- Georgia Government Publications
- Serial:
- The economic benefits of the forestry industry in Georgia.
- Title:
- Economic benefits of the forest industry in Georgia 2014 : [summary fact sheet]
- Creator:
- Georgia Forestry Commission
- Contributor to Resource:
- Georgia Forestry Commission.
- Publisher:
- Macon, Ga. : Georgia Forestry Commission,
- Date of Original:
- 2014
- Subject:
- Forest products industry--Georgia
Forests and forestry--Economic aspects--Georgia - Location:
- United States, Georgia, 32.75042, -83.50018
- Medium:
- state government records
- Type:
- Text
- Format:
- application/pdf
- Description:
- Began with 2001; ceased with: 2015.
Includes summary fact sheet with the same title; summary fact sheets for 2009-2010 have title "Economic impact of forest products manufacturing in Georgia"; summary fact sheets for 2011-2015 have title "Economic benefits of the forest industry in Georgia."
Description based on: 2001; title from PDF caption (Georgia Government Publications database, viewed Aug. 22, 2011).
Latest issue consulted: 2015, published November 2016 (Georgia Government Publications database, viewed May 10, 2023). - External Identifiers:
- Call Number GA F600 .S1 E25 2014 Summary
- Metadata URL:
- https://dlg.galileo.usg.edu/id:dlg_ggpd_y-ga-bf600-b-ps1-be25-b2014-bsummary-belec-p-btext
- Digital Object URL:
- https://dlg.galileo.usg.edu/do:dlg_ggpd_y-ga-bf600-b-ps1-be25-b2014-bsummary-belec-p-btext
- Language:
- eng
- Holding Institution:
- University of Georgia. Map and Government Information Library
- Rights:
-
Economic Benefits of the Forest Industry in Georgia: 2014
2014 ECONOMIC ACTIVITY Economic activity is measured by output, employment, and compensation generated directly by Georgia's forest industry.
Output: $16.8 billion in total revenue was generated by the forest industry in 2014, up 1.7% from 2013. Figure 1 shows the output by sector from 2005-2014.
Employment: In 2014, Georgia's forest industry supported 48,740 jobs, up 1.2% from 2013 (601 jobs gained). This is the fourth consecutive year of positive job growth. Across all industry sectors, forestry ranks 3rd in total employment.
Pulp and Paper: Georgia's pulp and paper industry continues to dominate all sectors within the forest industry. Georgia's 12 pulp mills represented 65% of total revenue output (Figure 3), 42% of employment, and 56% of compensation. In 2014, pulp and paper remained relatively constant with a change of 1.7%, -1.2%, and 2.0% in output, employment, and compensation, respectively.
Figure 1. Economic activity by forest sector in 2014 real dollars, 2005-2014 Bioenergy sector was first tracked in 2012; $100 million.
Compensation: Including wages and salaries, forest industry workers earned $3.03 billion, an increase of 3.1% from 2013. Across all sectors, the forest industry ranked first in total compensation.
Figure 2. Compensation paid to forest industry workers in 2014 real dollars.
Figure 3. Revenue sharing by forest industry sector in 2014 real dollars.
2014 TOTAL ECONOMIC IMPACTS Total economic impact of the forest industry includes dollars brought into the state, which recirculate through all major industry sectors (multiplier effect).
Total Output: In 2014, the total impact of the forest industry was nearly $28.7 billion, a 2.4% increase from 2013.
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Total Employment: The forest industry supported 129,329 jobs in 2014 (1,579 jobs gained). Total employment supported by the forest industry increased 1.2%.
Total Compensation: In 2014, the forest industry provided $7.1 billion in wages and salaries, up 3.2% from 2013.
Total output, employment, and compensation have all seen gains over the last four years, with growth over the last two years becoming more stable. From 2013 to 2014, output, employment, and compensation have increased 2.4%, 1.2%, and 3.2%, respectively. Average annual growth over the past four years is 5.0%, 4.6%, and 7.5%, respectively.
Figure 4. Year-to-year percentage change in total output, employment, and compensation supported by the forest industry in 2014 dollars.
FISCAL IMPACTS The forest industry provided the state with $721 million in tax revenues for 2014. Net state revenues generated by the forest industry equaled $351 million, an increase of 3.2% from 2013 and approximately double the revenue from 2011.
ECONOMIC IMPACT BY REGION Local economies are impacted by the forest industry by supporting employment, bringing in additional dollars, and recirculating the dollars across local businesses. In regions where forestry is a large proportion of the local basic industry, all economic support is generally dependent.
Figure 5 shows Georgia's 12 regional commissions.
Figure 5. Georgia's 12 Regional Commissions
Employment by Region The Atlanta Regional Commission, Southern Georgia, and Heart of Georgia Altamaha are the top three commissions in terms of employment, accounting for 41% of the forestry related jobs in Georgia. However, Heart of Georgia Altamaha, Southern Georgia, and Southwest Georgia have the three highest employment percentages compared to total employment at 5.3%, 3.6%, and 3.0%, respectively.
Compensation by Region The three regions with the greatest dependency on forests based compensation compared to total compensation are Heart of Georgia Altamaha, Southern Georgia, and Southwest Georgia with 10.2%, 6.9%, and 5.3%, respectively. The Atlanta Regional Commission provided the most compensation at $667.5 million; however, that accounted for only 0.6% of the region's total compensation.
Reference Economic Benefits of the Forestry Industry in Georgia, 2014. Enterprise Innovation Institute. Georgia Institute of Technology, 2015.
An Equal Opportunity Employer and Service Provider