Arkansas Economy

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Arkansas’s gross domestic product for 2005 was $87 billion. According to the U.S. Census Bureau, the state’s per capita household median income (in current dollars) for 2006 was $35,295. Arkansas’s agriculture outputs are soybeans, sorghum, cattle, poultry and eggs, cotton, rice, hogs, and milk. Arkansas’s industrial outputs are food processing, machinery, paper products, bromine, electric equipment, fabricated metal products and vanadium.

In recent years, motor vehicle parts manufacturers have opened factories in eastern Arkansas to support auto plants in other states. Also, the city of Conway the site of a school bus factory.

Tourism is also very important to the state’s economy; the official Arkansas nickname “The Natural State” was originally created (as “Arkansas Is A Natural”) for state tourism advertising in the 1970s, and is still widely used to this day.

According to Forbes Magazine Arkansas currently ranks 21st for The Best States for Business, 9th for Business Cost, 17th for Economic Climate, 9th for Growth Prospects, 34th in Gross Domestic Product, 40th for Labor, 22nd for Regulatory Environment and positive economic change of 3.8% or ranked 22nd.

 

 

 

 

 

 

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