Kentucky Economy

 

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The Kentucky total gross state product for 2005 was US$140.4 billion, 27th in the country. Kentucky’s per-capita personal income was US$28,513, 43rd in the country. The state’s agricultural outputs are horses, dairy products, hogs, cattle, tobacco, soybeans, and corn. Kentucky’s industrial outputs are transportation equipment, chemical products, electric equipment, machinery, food processing, tobacco products, coal, and tourism. The Eastern Kentucky Coal Fields are recognized as being among the most productive in the United States.

The state ranks 4th among U.S. states in the number of automobiles and trucks assembled. The Ford Explorer, Ford Super Duty trucks, Toyota Camry, Chevrolet Corvette, Cadillac XLR, Toyota Avalon, and Toyota Solara are assembled in Kentucky.

Much of rural Kentucky has maintained a farm based economy, with cattle, corn, and soybeans being the main crops. The area immediately outside Lexington is also the leading region for breeding Thoroughbred racing horses, due to the high calcium content in the soil. Despite being the 14th smallest state in terms of land area, Kentucky still ranks 5th in the total number of farms, with more farms per square mile than any other state.

 

 

 

 

 

 

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