What is the main economy of Arkansas?
What is the main economy of Arkansas?
Agriculture is Arkansas’ largest industry, adding around $16 billion to the state’s economy annually. The Natural State’s diverse landscape and climate produce a wide variety of Arkansas agricultural products. Arkansas is a major exporter of rice, soybeans, cotton, poultry and feed grains.
Does Arkansas have a good economy?
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.
Is Arkansas a rich state?
Arkansas The fourth-poorest state in the U.S. is Arkansas. Arkansas’s median household income is the third-lowest at $48,952.
Is Arkansas a good state to live?
Arkansas has an amazingly mild climate across all seasons. It is also one of the most affordable states in which to live. The economy is strong and diverse with numerous job opportunities. The schools are good and the state truly promotes the arts.
What is Arkansas top export?
The state’s largest manufacturing export category is transportation equipment, which accounted for $1.6 billion of Arkansas’s total goods exports in 2018.
What is Arkansas top import?
Below are Arkansas’ top 10 import products highlighting the state’s highest spending on foreign-made goods in 2020. Large aircraft: $432 million (5% of Arkansas’ total imports) Medium-size aircraft: $345 million (4%) Small portable digital computers: $246 million (2.9%) Footwear (textile uppers): $244 million (2.8%)
Is there anything good about Arkansas?
The Natural Beauty Arkansas scenery can’t be beat. The state boasts 52 state parks, seven national parks and many national wildlife areas. Plus, with four distinct seasons, the scenery awes Arkansans year-round. Spring paints the state with vibrant blooms, while autumn sets the forests ablaze with spectacular color.
What is Arkansas main export?
The state’s largest manufacturing export category is transportation equipment, which accounted for $1.6 billion of Arkansas’s total goods exports in 2018….Agriculture in Arkansas depends on Exports.
| 2017 Value | 2017 State Rank | |
|---|---|---|
| soybeans | $889 million | 11 |
| rice | $715 million | 1 |
| broiler meat | $396 million | 2 |
| cotton | $283 million | 5 |
How many billionaires are in Arkansas?
Table
| Rank by Number of Billionaires (9/15/20) | State or Federal District | Billionaires/ State’s 10M pop. (7/19 Census) (9/15/20) |
|---|---|---|
| 23 | Arkansas | 16.57 |
| 27 | Indiana | 4.46 |
| 25 | Montana | 37.43 |
| 36 | Idaho | 5.60 |
What are the 5 poorest states in the US?
This is the first increase in poverty after five annual declines. These states and territories have the highest percentages of poverty in the country: Mississippi, Louisiana, New Mexico, Kentucky, Arkansas, West Virginia, Alabama, the District of Columbia, South Carolina, and Georgia.
What is Arkansas main source of economy?
Agriculture is Arkansas’ largest industry, adding around $16 billion to the state’s economy annually. The Natural State’s diverse landscape and climate produce a wide variety of Arkansas agricultural products. Arkansas is a major exporter of rice, soybeans, cotton, poultry and feed grains.
What is the unemployment tax rate in Arkansas?
The Arkansas Unemployment Tax Rate for NEW businesses is 3.80% on the first $12,000 in wages paid to each employee in a calendar year. In addition, businesses need to pay Federal Unemployment Tax commonly called FUTA Tax.
What jobs are in Arkansas?
Arkansas is home to the world’s largest retailer, Wal-Mart, as well as Tyson Foods, Dillard’s and J.B. Hunt Transport. Most jobs in Arkansas are provided by the trade, transportation and utilities sector followed closely by the government sector.
What are the major industries in Arkansas?
Some major industries in Arkansas are electronics manufacturing, wood furniture production, paper milling, diamond mining, natural gas, and bromine and petroleum production. The state’s top crops are cotton, rice and soybeans. Tourism is also a big industry; it employs more than 50,000 Arkansans.
