South Carolina Economic Impact
BMW Manufacturing Co. continues to make a major impact on the economic development of South Carolina. The following are economic impact figures, by year, highlighting BMW's monetary contribution to the Palmetto state.
| BMW Investment |
$3.5 billion 1992 through 2007 |
| 1993 |
$139 million |
| 1994 |
$305 million |
| 1995 |
$166 million |
| 1996 |
$155 million |
| 1997 |
$117 million |
| 1998 |
$294 million |
| 1999 |
$295 million |
| 2000 |
$236 million |
| 2001 |
$204 million |
| 2002 |
$185 million |
| 2003 |
$97 million |
| 2004 |
$50.8 million |
| 2005 |
$236.2 million |
| 2006 |
$606 million |
| 2007 |
$433.8 million |
| |
|
| Suppliers Investment |
$2.1 billion |
| |
|
| Total Investment |
$5.6 billion through 2007 |
| |
|
| Compensation |
$4.9 billion 1992 through 2007 |
| 1993 |
$6,819,031 |
| 1994 |
$27,734,547 |
| 1995 |
$63,641,527 |
| 1996 |
$114,320,767 |
| 1997 |
$127,004,302 |
| 1998 |
$146,403,438 |
| 1999 |
$176,390,455 |
| 2000 |
$244,701,963 |
| 2001 |
$345,089,257 |
| 2002 |
$383,453,767 |
| 2003 |
$416,310,262 |
| 2004 |
$402,193,441 |
| 2005 |
$389,569,415 |
| 2006 |
$442,715,852 |
| 2007 |
$467,650,535 |
| |
|
| BMW Procurement |
$37 billion 1993 through 2007 |
| SC purchasing |
$12 billion |
| NA purchasing |
$25 billion
|
| |
|
| Taxes and Duties |
$1.5 billion 1993 through 2007 |
| SC use taxes |
$17.9 million |
| Property taxes |
$81 million (20 cities/counties) |
| Payroll taxes generated |
$214 million |
| Income taxes |
$676 million |
| US import fees |
$773 million |
| |
|
| SC Exports |
826,510 vehicles 1993 through 2007 |
| |
|
| SC Imports |
703,411 vehicles 1993 through 2007
|
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