Economy of Oklahoma State

June 29, 2010US State Economiesby EconomyWatch

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Demography And Social Indicators

Oklahoma is situated in the SW of the States. The state is bordered by Missouri and Arkansas; Texas, partially across the red R; New Mexico across the narrow edge of the Oklahoma Panhandle; and Colorado and Kansas.

The state has a total geographical area of 69,898 sq mi; with a land area of 68,667 sq mi; and total acres forested 7.7 mil.

The petroleum industry in the state has grown very fast and has made the state a great petroleum center in the World.

Demography And Social Indicators
According to the US Census Bureau, the total estimated population of the state in 2005 is 3,547,884 in comparison to 3,523,553 in July 2004. The net change in population of the state 2002-03 was 0.6%. According to the US Census 2000, the total population of Oklahoma is 3,450,654. The population density is 51.1 per sq mi.

With regards to the Racial Distribution (2000): white 76.2%, Black 7.6%; Asian 1.4%; Native American 7.9%.

Business and Economy of Oklahoma
The Gross State Product in 2001 was $93.9 billion. The per capita personal income in 2003 was $26,656. Chief Industries of the state are manufacturing, mineral, energy exploration and production, agriculture and services. Important Manufacturing goods of the state are non-electric machinery, transportation equipment, food products, and fabricated metal products.

Major crops are wheat, cotton, hay, peanuts, grain sorghum, soybeans, corn and pecans.Livestock (Jan 2004): 5.1 million cattle/calves; 70,000 sheep/lambs; (Jan 2003): 2.34 million hogs/pigs; (Dec 2003): 5.7 million chickens.

Apart from this, different types of minerals are found in the country including huge volume of Coal. But the state's economy gets a boost from the oil.

Energy Production in Oklahoma
Electricity Production (est. 2003, kwh by source): Coal 34.2 bil; Petroleum 112 mil; Gas 13.9 bil; Hydroelectric: 1.6 bil.

Tourist Attraction Of Oklahoma
The important tourist places of the state are as follows:

  • Cherokee Heritage Center, Tahlequah;
  • Oklahoma City Natl. Memorial;
  • White Water Bay and Frontier City theme pks, both Oklahoma City;
  • Will Rogers Memorial, Claremore;
  • Natl. Cowboy Hall of Fame and Remington Park Race Track, both Oklahoma City;
  • Ft. Gibson Stockade, near Muskogee;
  • Ouachita Natl. Forest;
  • Tulsa's Art Deco District;
  • Wichita Mts. Wildlife Refuge, Lawton;
  • Woolaroc Museum & wild life Preserve, Bartlesville.

Colleges and Universities In Oklahoma

  • Bacone College
  • East Central University
  • Heritage College & Heritage Institute
  • Northern Oklahoma College
  • Northwestern Oklahoma State University
  • Oklahoma Baptist University
  • Oklahoma Christian University
  • Oklahoma City University
  • Oklahoma Panhandle State University
  • Oklahoma State University - Center for Health Sciences
  • Oklahoma State University - Oklahoma City
  • Oklahoma State University - Stillwater
  • Oklahoma State University - Tulsa
  • Oklahoma Wesleyan University
  • Rogers State University
  • Rose State College
  • Seminole State College
  • St. Gregory's University
  • Southeastern Oklahoma State University
  • Southern Nazarene University
  • Southwestern Oklahoma State University
  • University of Central Oklahoma
  • University of Oklahoma
  • University of Oklahoma Health Sciences Center
  • University of Oklahoma, Tulsa
  • University of Science and Arts of Oklahoma

Further Readings