Economy of Arkansas State

June 29, 2010US State Economiesby EconomyWatch

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Demography And Social Indicators

Arkansas is a state in the south central of the United States. The state is bordered by Tennessee and Mississippi, across the Mississippi R. (E), Louisiana (S), Texas and Oklahoma (W), and Missouri (N).

In the past Arkansas' economy was largely one of agriculture-based economy with cotton as the main cash crop. In the today's world Arkansas' manufacturing income exceeds its agricultural income but the state's basic wealth is still in its farms, forests, and mines.

Demography and Social Indicators
The state has a total geographical area of 53,179 sq mi; and total acres forested 18.8 mil.

The total population of the state in the July 2004 was calculated at 2,752,629 in comparison to 2,725,714 in July 2003. The net change of the population in 2002-2003 was 0.7%. The population density of the state is calculated at 52.3 per sq mi.The racial distribution of the state in the year 2000 was 80.0% white; 15.7% black.

Business and Economy of Arkansas
The total Gross State Product according to 2003 est. (millions of dollars): 75,528 (% of U.S. total: 0.7). The Per Capita Personal Income of the state in 2003 was $24,289.

Among the various industries the major industries include manufacturing, agriculture, tourism and forestry.

The chief manufacturing goods of the state includes food products, chemicals, lumber, paper, plastics, electric motors, furniture, auto components, air plane parts, apparel, machinery and steel.

The chief crops of the state are rice, soybeans, cotton, tomatoes, grapes, apples, commercial vegetables, peaches and wheat. The major livestock according to Jan. 2004:1.9 mil.cattle/calves; Jan 2003: 310,000 hogs/pigs.

The volume of the State Exports in the year 2002 has reached $ 2,804 million.

Energy Production In Arkansas
The electricity production of the state (est.2003, kwh by source): coal: 23.4 billion; petroleum: 262 mil; Gas: 599 mil; Hydroelectric: 2.8 bil; Nuclear: 14.7 bil. Tourist Attraction Of Arkansas
Arkansas is a beautiful land of mountains and valleys, thick forests and fertile plains. The following list gives a clear picture of the tourist places in Arkansas.

  • Hot Springs Natl.
  • Eureka Springs;
  • Crater of diamonds (US diamond mine) near Murfreesboro;
  • Toltec Mounds Archeological state park
  • Little Rock
  • Mid America Museum
  • Hot Springs
  • Pea Ridge National Military Park.

Colleges, Schools and Universities In Arkansas

  • American Intercontinental University Online
  • American Sentinel University - Online
  • The Art Institute Online
  • Byrant and Stratton College - Online
  • Capella University
  • DeVry University Online
  • Ellis College - Online
  • Grantham University Online
  • ITT Technical Institute
  • ITT Technical Institute - Online
  • Jones International University Online
  • Kaplan University - Online School
  • Kennedy-Western University
  • South University - Online
  • University of Phoenix Online
  • Westwood College of Technology - Online
  • American College of Computer and Information Sciences
  • University of Arkansas Main Campus
  • University of central Arkansas
  • University of Ozarks
  • Williams Baptist College

Further Readings