Economy of Arkansas
From Wikipedia, the free encyclopedia
The economy of Arkansas produced US$119 billion of gross domestic product in 2015.[1] Six Fortune 500 companies are based in Arkansas, including the world's #1 corporation by revenue, Walmart.[8] Arkansas's per capita income for 2010 was $36,027.[2] The three-year median household income from 2009-11 was $39,806, ranking forty-ninth in the nation.[9]
Statistics | |
---|---|
GDP | $118,907 million[1] |
GDP per capita | $57,202[2] |
Population below poverty line | 19.1%[3] |
0.4773[4] | |
Labor force | 1,349,512[5] |
Unemployment | 4.0%[6] |
Public finances | |
Revenues | $4,604 million[7] |
Expenses | $4,604 million[7] |
According to CNBC, Arkansas currently ranks as the 35th best state for business, with the 10th-lowest cost of doing business, 8th-lowest cost of living, 41st best workforce, 29th-best economic climate, 41st-best educated workforce, 41st-best infrastructure and the 32nd-friendliest regulatory environment. Arkansas gained twelve spots in the best state for business rankings since 2011.[10]
Arkansas ranks as one of the top states for charitable giving.[11] In 2011, Arkansans gave 6.3% of their discretionary income to charity, ranking it as the seventh-most generous state.[12] The Pine Bluff metropolitan area ranked as the seventh-most charitable metro area in the nation during the same time period.