Economy of Tennessee

June 29, 2010US State Economiesby EconomyWatch

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Demography And Social Indicators

Tennessee is situated in the south Central of the United States. The state is bordered by Kentucky and Virginia, North Carolina, Georgia, Alabama, and Mississippi R, Arkansas and Missouri. The state has a total geographical area of 42,143 sq mi; with a land area of 41,217 sq mi; and acres forested 14.4 mil.

Since the First World War the economy is getting more revenues from the production of the Aluminum. At the same time, the state being a major tourist destination adds more to the state's economy.

Demography And Social Indicators
The U.S. Census Bureau has estimated the population of the state as of 2005 is 5,962,959 in comparison to 5,900,962 in July 2004. Net Change in population 2002-03 was 0.9%.US Census 2000 calculates the population of the state at 5689,283. Density of the population in the state is 141.7 per sq mi.

With regards to the Racial Distribution (2000): White 80.2%; Black 16.4%; Asian 1.0%; Native American 0.3%.

Business and Economy of Tennessee
According to the Bureau of Economic Analysis, the Gross State product in the state as of 2003 was $19.9786 billion with a per capita personal income of $28,641 in the same year.

The state is primarily an industrial based state. Chief Industries are manufacturing, trade, services, tourism, finance, insurance and real estate.

Important Manufacturing goods are chemicals, foods, transportation equipment, industrial machinery and equipment, fabricated metal products, rubber/plastic products, paper and allied products, printing and publishing.
Major Crops are tobacco, cotton, lint, soybeans, grain and corn.
Livestock (Jan 2004): 2.21 million cattle/calves; (Jan 2003): 215,000 hogs/pigs; (Dec 2003): 2.3 million chickens.
Energy Production In Tennessee
Electricity Production (Est. 2003, kwh by source): Coal 53.4 bil; Petroleum 297 mil; Gas 198 mil; Hydroelectric 10.4 billion; Nuclear 24.2 billion; Other 2 mil.

Tourist Attraction Of Tennessee
The beautiful scenery of the state has attracted the whole globe and has acted the major income source for the state. The Tennessee Valley Authority (TVA) has stepped forward for more tourist inflows. The important tourist places of the state are as follows:

  • Reel foot Lake;
  • Lookout Mountain, Chattanooga;
  • Fall Creek Falls;
  • Great Smoky Mountains Natl. Park;
  • Andrew Jackson's Home, the heritage, near Nashville;
  • Lost Sea, Sweet Water;
  • Cherokee Natl. Forest;
  • Cumberland Gap Natl. Park;
  • Homes of Pres. Polk and Andrew Johnson;
  • American Museum of Science and Energy, Oak Ridge;
  • Tennessee Aquarium, Chattanooga;
  • Casey Jones Home and Museum, Jackson.

Colleges, Schools and Universities In Tennessee

  • Austin Peay State University
  • Baptist Memorial College of Health Sciences
  • Bethel College
  • Bryan College
  • Carson-Newman College
  • Christian Brothers University
  • Columbia State Community College
  • Cumberland University
  • East Tennessee State University
  • Fisk University
  • Johnson Bible College
  • King College
  • Knoxville College
  • Lane College
  • Martin Methodist College
  • Meharry Medical College
  • Middle Tennessee State University
  • Southern Adventist University
  • Sewanee, The University of the South
  • Tennessee State University
  • Tennessee Technological University
  • Tennessee Temple University
  • Tennessee Wesleyan College
  • Trevecca Nazarene University
  • Tusculum College
  • Union University
  • University of Memphis
  • University of Tennessee System
  • University of Tennessee

Further Readings