What Is The Main Source Of Income In Kentucky?

Manufacturing. Manufacturing is the largest single contributor to Kentucky’s economy, accounting for nearly one-fifth of the state’s gross product.

What industry is Kentucky known for?

Kentucky’s leading service industries are the community, business, and personal services (private health care, hotels, law firms, repair shops) and wholesale and retail trade industries (wholesale trade of coal, food products, motor vehicles, and retail automobile dealerships, gas stations, grocery stores, restaurants)

What are the three major industries of Kentucky?

The assumption about Kentucky’s economy is that the state has three main exports: fried chicken, tobacco and bourbon. However, the reality is that the Bluegrass State’s economy is far more complex and diverse.

What are the biggest industries in Kentucky?

Quick Links

  • Overview.
  • Major Industries. AgriTech. Automotive. Aerospace. Primary Metals. Food & Beverage. Logistics/Distribution. Manufacturing. Chemicals. Plastics & Rubber. Health Care.
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Who is the largest employer in Kentucky?

The companies we keep

Company Employees
1 Houchens Industries 5,467
2 Med Center Health 3,566
3 Warren County Public Schools 2,565
4 Western Kentucky University 1,854

What does Kentucky sell the most?

Agriculture in Kentucky depends on Exports

2017 Value 2017 State Rank
soybeans $479 million 15
other livestock products $429 million 1
tobacco $253 million 2
feeds and other feed grains $142 million 15

What is Kentucky’s main crop?

In Kentucky, soybeans and corn are the top crops. Nearly 1.47 million acres of farmland were dedicated to soybeans, with farmers selling more than $752 million worth of the crop in 2012. Corn was harvested from 1.53 million acres while sales totaled $694 million.

What is Kentucky’s top export?

Kentucky’s Top 10 Exports

  • Motor vehicle body parts, accessories: $336 million (1.4%)
  • Whiskies: $319 million (1.3%)
  • Composite diagnostic or laboratory reagents: $287 million (1.2%)
  • Mid-sized automobiles (piston engine): $278 million (1.1%)
  • Modems, similar reception/transmission devices: $263 million (1.1%)

What are the most popular jobs in Kentucky?

Detailed List Of The Fastest Growing Jobs In Kentucky

Rank Job Title Jobs in 2024
1 Home Health Aid 6,620
2 Physical Therapist Assistant 2,450
3 Operations Analyst 2,390
4 Physical Therapy Aide 1,000

How is Kentucky doing economically?

Kentucky’s gross state product (GSP) in 2019 reached $189.4bn, with growth of 1.0% over the 5-years to 2019. Businesses in Kentucky employed a total of 24.2 million in 2018, with average annual employment growth of 2.6%.

What big business is in Kentucky?

Detailed List Of The 100 Biggest Companies In Kentucky

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Rank Company Employees
1 Yum! Brands 90,000
2 Texas Roadhouse 56,300
3 ResCare 49,000
4 Humana 41,146

What is the main industry of Louisville Ky?

Product manufacturing: Automotive, home appliances, bourbon and more. Louisville is a significant center of manufacturing. Within the city’s limits are two major Ford plants, namely the Kentucky Truck Plant and the Louisville Assembly Plant.

How many businesses are in Kentucky?

Table

Businesses
Total employment, percent change, 2019-2020 0.0%
Total nonemployer establishments, 2018 295,814
All firms, 2012 331,546
Men-owned firms, 2012 184,154

Where does Ky rank in poverty?

Kentucky ranks 47th in Poverty Rate at 18.3%(poverty rankings by state). The Poverty Rate of Kentucky is meaningfully higher than the national average of 14.6%.

Is Kentucky a rich state?

Kentucky is the fortieth richest state in the United States of America, with a per capita income of $26,779 (2017).

Where does Ky rank in education?

45th
In addition to the overall ranking of 45th in education, Kentucky ranked 47th in population percentage that has obtained an associate’s degree and 46th in percentage of the population with a bachelor’s degree.

What is the number one commodity in Kentucky?

broilers
Poultry, including broilers (chickens raised for meat), are Kentucky’s leading ag commodity. In 2015, state farmers earned more than $960.1 million in production value with 307.7 million broilers.

How many beef cattle live in Kentucky?

Kentucky’s Beef Industry
Kentucky ranks 8th in the nation in beef cattle inventory, and has the most beef cattle of any state east of the Mississippi River. Kentucky has about 1,033,000 head of beef cattle, with 33,823 beef cattle producers whose herds average about 31 head each.

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What are Kentucky’s natural resources?

Principal minerals and by-products produced in order of value are coal, crushed stone, natural gas and petroleum. Kentucky is the nation’s third largest coal producer – 152.4 million tons in 1996. For more information, please visit the Energy and Environment Protection Cabinet website.

What does Kentucky import?

Top Kentucky goods imports from Canada
Aluminum & aluminum articles: $808 million. Motor vehicle parts: $452 million. Plastics & plastic articles: $198 million. Engines & turbines: $194 million. Iron & steel alloys & semi-finished products: $155 million.

What are 5 interesting facts about Kentucky?

Ten Bluegrass State Facts to Celebrate National Kentucky Day

  • Kentucky is known as the horse capital of the world.
  • The song “Happy Birthday to You” was penned by two Louisville sisters.
  • Post-its were invented there.
  • The very first American public performance of a Beethoven symphony was in Kentucky.