The economy of Arkansas produced US$119 billion of gross domestic product in 2015. Six Fortune 500 companies are based in Arkansas, including the world’s #1 corporation by revenue, Walmart.
Economy of Arkansas.
| Statistics | |
|---|---|
| GDP | $118,907 million |
| GDP per capita | $39,107 |
| Population below poverty line | 19.1% |
| Gini coefficient | 0.4773 |
Is Arkansas a wealthy state?
The fourth-poorest state in the U.S. is Arkansas. Arkansas’s median household income is the third-lowest at $48,952.
What is the main source of income in Arkansas?
Agriculture
Agriculture is one of the leading industries in the state of Arkansas and contributes approximately $16 billion every year in the economy of the state. In the past, cotton was the leading cash crop in the state, but currently, rice is the largest agricultural export in Arkansas.
What does Arkansas contribute to the US?
Crops. This state’s most important crop is rice. Arkansas is the leading producer of rice in the United States, providing about 46% of the nation’s supply. Arkansas grows lots of soybeans and ranks 10th in the nation.
Is the economy good in Arkansas?
(KAIT) – A lack of high-tech jobs across Arkansas contributed to the state being ranked as having the 6th worst economy in the nation. According to WalletHub’s 2019 Best & Worst State Economies study, Arkansas ranked poorly in GDP growth, exports per capita, annual median household income, and unemployment rate.
What is the richest town in Arkansas?
In Arkansas, Bentonville is home to more billionaires than any other city. A total of two billionaires live in Bentonville with a combined net worth of $124.6 billion. Of Bentonville residents with a minimum 10-figure net worth, Jim Walton is the wealthiest, worth an estimated $62.4 billion.
Which U.S. state is the richest?
Maryland might have a relatively low median home value compared to many other places in the United States, but the Old Line State has the highest median household income in the country, making it the richest state in America for 2022.
Who is the largest employer in Arkansas?
As it turns out, Walmart looks to the be the biggest company in Arkansas clocking in with 2,200,000 employees.
How many Fortune 500 companies are in Arkansas?
Six Fortune 500 companies
Six Fortune 500 companies are based in Arkansas, including the world’s #1 corporation by revenue, Walmart.
What is the life expectancy in Arkansas?
76.2 years
Table 1 shows that in 2019, the life expectancy for Arkansans at birth was 76.2 years, 2.6 years behind the United States’ average of 78.81. Females tend to live longer than males, and Arkansas is no exception. The life expectancy at birth for male residents was 73.5 compared with 79 for female residents.
What is Arkansas the largest producer of?
rice
Arkansas is a major producer of a variety of agronomic crops. Besides being the largest producer of rice in the United States, it is a major producer of soybeans, corn, cotton, wheat, and grain sorghum.
What does Arkansas export to Russia?
• Arkansas exported $6.5 million in hand and power tools (e.g., chainsaws, handsaws) to Russia in 2011, but. China was the leading exporter to Russia, accounting for 37% of Russian imports. Russia’s WTO entry. requires it to reduce average tariffs on hand tools from 9.3% to 6.8%.
What is the biggest export in Arkansas?
Top 10 Exports from Arkansas
- Aircraft including engines, parts: US$1 billion (19.7% of Arkansas’ total exports)
- Milled rice: $216 million (4.2%)
- Chemical woodpulp (coniferous): $202 million (3.9%)
- Eggs: $170 million (3.3%)
- Frozen poultry (cuts, offal): $156 million (3%)
- Paper, paperboard: $151 million (2.9%)
Where does Arkansas rank in crime?
Arkansas has the fourth-highest violent crime rate and the eighth-highest property crime rate in the US. Violent crime increased by 16% in The Natural State year over year, and property crime decreased by 8%.
What is Arkansas known for?
Arkansas is known for its lakes, rivers, and hot springs, extreme weather and frequent storms, rice and poultry production, and the only active diamond mine in the United States.
Where does Arkansas rank in health care?
#49
Arkansas Rankings
| Health Care | #49 |
|---|---|
| Infrastructure | #43 |
| Opportunity | #22 |
| Fiscal Stability | #14 |
| Crime & Corrections | #48 |
Who is the richest billionaire in Arkansas?
Forbes lists 5 billionaires in Arkansas.
- #5. Warren Stephens. – Net worth: $2.9 billion (#1,069 wealthiest in the world)
- #4. John Tyson. – Net worth: $3.0 billion (#1,039 wealthiest in the world)
- #3. Johnelle Hunt.
- #2. Rob Walton.
- #1. Jim Walton.
- You may also like: Where people in Arkansas are moving to most.
How many billionaires are there in Arkansas?
Billionaires are ranked by net worth as of March 31. Forbes lists 5 billionaires in Arkansas.
How many millionaires are there in Arkansas?
This is a list of U.S. states and federal district by the number of households with more than $1 million in investable assets as of 2020 (data for the year 2019).
List.
| Rank | 34 |
|---|---|
| State | Arkansas |
| Number of millionaire households | 51,532 |
| Share of millionaire households | 4.33% |
What state has the most billionaires?
California
Table
| Rank by number of billionaires (9/15/20) | State or federal district | Number of billionaire residents (9/15/20) |
|---|---|---|
| 1 | California | 189 |
| 2 | New York | 114 |
| 3 | Texas | 58 |
| 4 | Florida | 60 |
Who is the richest man in the world?
“Jeff Bezos.” 10,000 Year Clock.
