Economy of Wyoming State

June 29, 2010US State Economiesby EconomyWatch

0

Demography And Social Indicators

Wyoming is one of the Rocky Mt. states of the W United States. It is bordered by South Dakota and Nebraska, Colorado and Utah, Idaho, and Montana.

Mining being the largest sector of the state's economy contributes about one quarter of the gross state product. By late 1980s the state ranked first in the United States for the production of coal, sodium carbonate, and uranium.

The state owns a total geographical area of 97,814 sq mi; with a land area of 97,100 sq mi; and total acres forested 11.0 mil.

Demography And Social Indicators
The total population of the state on July 2004 was 506,529 in comparison to 501,242 in July 2003. The net change in the population in 2002-03 was 0.5%.

The population density of the state was 5.2 per sq mi.

In the year 2000, the racial distribution of the state was 92.1% white, 0.8% black, 0.6% Asian and 2.3% Native American. In 2003 the rate of unemployment in the state was 4.4%.

With regards to the employment distribution of the state in (May 2004): 25.8% Government, 19% trade/trans./util.; 3.6 mfg.; 8.5% ed./health ser.; 6.2% prof./bus serv.; 12% leisure/ hosp.; 4.2% finance; 7.7% constr.; and 1.6% info.

Business and Economy of Wyoming
The Gross state product of the economy in 2001 was estimated at $ 20.4 billion. The per capita personal income of the state in 2003 was $ 32,808.

The Chief Industries of the state are mineral extraction, oil, natural gas, tourism and recreation and agriculture.

The Chief manufacturing goods of the states are refined petroleum, wood, stone, clay products, foods, electronic devices, sporting apparel and aircraft.

The Chief crops of the state are wheat, beans, barley, oats, sugar beets and hay.
The Major livestock of the state (Jan 2004): 1.4 mil. Cattle/calves; 430,000 sheep/lambs; (Jan 2003): 124,000 hogs/pigs; (Dec 2003): 17,000 mil. Chickens (excluding broilers).

Energy Production In Wyoming
Electricity Production (Est. 2003, kwh by source): coal: 41.5 bil; Petroleum: 41 mil; gas: 120 mil; Hydroelectric: 592 mil; other: 16 mil.

Tourist Attraction Of Wyoming
The important tourist places in the state are as follows

  • Yellowstone Natl. Park;
  • Grand Teton Natl. Park;
  • Natl. Elk Refuge;
  • Devils Tower Natl. Monument;
  • Fort Laramie Natl. Historic site and nearby pioneer trail ruts;
  • Buffalo Bill Historical Center, cody;
  • Cheyenne Frontier Days, Cheyenne.

Colleges, Schools and Universities In Wyoming

  • American InterContinental University Online
  • American Sentinel University - Online
  • American College of Computer and Information Sciences
  • 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
  • University Alliance Online
  • University of Wyoming

Further Readings