Economy of Rhode Island

June 29, 2010US State Economiesby EconomyWatch

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Demography And Social Indicators

Rhode Island is a state belonging to the New England. The state is bounded by Massachusetts, the Atlantic Ocean and Connecticut.

The state has a total geographical area of 1,545 sq mi; with a land area of 1,045 sq mi; and acres forested 0.4 mil.

Though the economy was traditionally relied upon the manufacturing sector, still the system is diversified in the recent years. In the present days the economy more relies upon the services, trade and finance.

Demography And Social Indicators
The U.S. Census Bureau has estimated the total population of the state at 1,076,189 in 2005 compared to 1,080,632 in July 2004. Net Change in the population of the state 2002-03 was 0.7%. According to the US Census 2000, the total population was 1,048,319. The population density of the state is 1,029.9 per sq mi.
With regards to the Racial Distribution 2000, White 85.0%; Black 4.5%; Asian 2.3%; Native American 0.5%.

Business and Economy of Rhode Islands
The Gross State Product of the state in 2001 was $36.9 billion. The per capita personal income of the state as of 2003 was $31,916.
The Chief Industries are services and manufacturing.
Important manufacturing goods are costume Jewelry, toys, machinery, textiles and electronics.Major Crops are nursery products, turf and vegetable products.
Livestock (Jan 2004): 5,500 cattle/calves; (Jan 2003): 2,600 hogs/pigs; Apart from this tourism and gambling are also main sources of the revenues for the state' economy.

Energy Production In Rhode Islands
Electricity Production (est. 2002, kwh by source): Petroleum: 8 million.

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

  • The important tourist places of the state are as follows:
  • Newport Mansions;
  • Yachting races including Newport to Bermuda;
  • Block Island;
  • Touro Synagogue, Oldest in US, New Port;
  • First Baptist Church in America, Providence;
  • Slater Mill Historic Site, Pawtucket;
  • 29/10/2006Gilbert Stuwart birthplace, Saunderstown;

Colleges, Schools and Universities In Rhode Islands

  • Bryant University
  • Gibbs College
  • Johnson & Wales University
  • Naval War College
  • New England Institute of Technology
  • Community College of Rhode Island
  • Providence College
  • Rhode Island College
  • Rhode Island School of Design
  • Roger Williams University
  • Salve Regina University
  • University of Rhode Island
  • Zion Bible Institute

Further Readings