Economy of Montana State

June 29, 2010US State Economiesby EconomyWatch

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Demography And Social Indicators

Montana is one of the Rocky Mt. States in the NW of the United States. The state is bounded by North Dakota and the South Dakota, Wyoming, Idaho, and the Canadian provinces of the British Columbia, Alberta and Saskatchewan.

The state has a total geographical area of 147,242 sq mi; with a land area of 145,552 sq mi; and total acres forested 23.3 mil.

The state is famous for its mineral deposits in the mountainous western region. The minerals like copper, silver, gold, platinum, zinc, lead, and manganese add more to the economy.

Demography And Social Indicators
The total estimated population of the state in 2005 is 928,670 in comparison to 926,865 in July 2004. The net change in population 2002-03 was 0.8%. According to the US Census 2000, population in the state was 902,195.

The population density is 6.3 per sq mi.

With regards to the Racial Distribution 2000: White 90.6%; Black 0.3%; Asian 0.5%; Native American 6.2%.

The unemployment rate in the state 2003 was 4.7%.

Business and Economy of Montana
According to the Bureau of Economic Analysis, the total state product in 2003 was $26 billion with a per capita personal income of $25,406 in the same year.

Chief Industries of the state are agriculture, mining, timber, tourism, oil and gas.

Important manufacturing goods of the state are food products, wood and paper products, primary metals, printing and publishing, petroleum and coal products.

Major Crops are wheat, barley, sugar, beets, hay and oats.

Livestock of the state (Jan 2004): 2.4 mil cattle/calves; 300,000 sheep/lambs; (Jan 2003): 170,000 hogs/pigs; (Dec 2003): 485,000 Chickens.

Energy Production In Montana
Electricity Production (est. 2003, kwh by source): Coal 322 mil; Gas 18 mil; Hydroelectric 5.7 bil.

Tourist Attraction Of Montana
Tourism is an important sector for the economy of Montana. The Important tourist places of the state are as follows:

  • Glacier Natl. Park;
  • Yellowstone Natl. Park;
  • Museum of the Rockies; Bozeman;
  • Museum of the Plains Indian, Black feet Reservation, near Browning;
  • Little Bighorn Battlefield Natl. monument and Custer Natl. cemetery;
  • Flathead Lake;
  • Helena;
  • Lewis and Clark Interpretive center, Great falls.

Colleges, Schools and Universities In Montana

  • Montana University System
  • Montana State University
  • Montana State University
  • Montana State University Northern
  • University of Montana - Missoula
  • University of Montana Tech - Butte
  • University of Montana Western- Dillon
  • Carroll College
  • Flathead Valley Community College
  • Rocky Mountain College
  • Little Big Horn College
  • Fort Peck Community College
  • Dawson Community College
  • Miles Community College
  • University of Great Falls

Further Readings