Montana’s total GDP was $59.3 billion in 2021 in current dollars. By industry, the sector with the largest GDP was the finance and real estate industry, with $11.2 billion in current dollars.
What is the number 1 industry in Montana?
Montana’s industry with the highest average annual wage is Mining, followed by Financial Activities and Construction.
Is Montana a poor state?
According to the American Fact Finder 2012, the poverty level of Montana is 15.5% of the population with an estimated 152,199 people in the state living below the poverty threshold.
What is the main economy of Montana?
Montana’s economy is dominated by the primary sector—agriculture, forestry, mining, and energy production—and by services. About one-third of the state’s workforce is employed in the service sector. The outdoor recreation industry has become important, and some high-technology industries have come to the state.
What is the GDP of Alaska?
about 50.3 billion U.S. dollars
In 2021, the real Gross Domestic Product (GDP) of Alaska was about 50.3 billion U.S. dollars. This is a slight increase from the previous year, when the state’s GDP stood at 50.16 billion U.S. dollars.
What is Montana’s biggest export?
Made-in-America Manufacturing Exports from Montana and Jobs
The state’s largest manufacturing export category is chemicals, which accounted for $311 million of Montana’s total goods exports in 2018.
What does Montana produce the most of?
Producing a wide range of commodities, wheat and beef top Montana’s list. However, you’ll also find sweet cherries, sugar beets, seed potatoes and hay, to name a few. Montana is a national leader in the production of certified organic wheat, dry peas, lentils and flax, and ranks No.
What is the poorest town in Montana?
North Browning
North Browning tops the list of the poorest cities in Montana with a 45.5% poverty level, the highest rate of poverty in Montana, and a 32.2% unemployment rate, very high for a population of 2,363.
Which state is poorest in USA?
Poverty rates were highest in the states of Mississippi (19.58%), Louisiana (18.65%), New Mexico (18.55%), West Virginia (17.10%), Kentucky (16.61%), and Arkansas (16.08%), and they were lowest in the states of New Hampshire (7.42%), Maryland (9.02%), Utah (9.13%), Hawaii (9.26%), and Minnesota (9.33%).
What is the richest US state?
These Are the 10 Richest States in the U.S.
- Maryland. John GreimGetty Images.
- Massachusetts. Boston GlobeGetty Images.
- New Jersey. John MooreGetty Images.
- Hawaii. Mark BosterGetty Images.
- California. George RoseGetty Images.
- Connecticut. Brooks KraftGetty Images.
- Washington. Dan Callister/Getty Images.
- New Hampshire.
Does Montana have a strong economy?
Montana has the 8th fastest GDP growth among states over both the last five years and ten years (ending in 2013), and Montana’s GDP growth was faster than the U.S. average in every year since 2000, except for 2012.
Does Montana have a good economy?
HELENA, Mont. – Governor Greg Gianforte today announced Montana’s economy grew an inflation-adjusted 6.7% in 2021, the seventh largest rate of growth in the country. It also marks the sharpest rate growth in Montana in more than 40 years.
How much does Montana contribute to the US?
In 2020, Montana generated around $3.7 billion in agricultural cash receipts with the highest valued commodities being cattle and calves, wheat, and hay. That same year, the value of Montana’s agricultural production and processing industries represented 4.9 percent of total state GDP.
What is the GDP of Wyoming?
36.66 billion U.S. dollars
In 2021, the real Gross Domestic Product (GDP) of Wyoming was 36.66 billion U.S. dollars. This is a slight increase from the previous year, when the state’s real GDP stood at 39.26 billion U.S. dollars.
What is Texas GDP?
$2.0 trillion
Economy of Texas
| Statistics | |
|---|---|
| GDP | $2.0 trillion (2021) |
| GDP per capita | $67,202 (2021) |
| Population below poverty line | 15.8% (16.5% considering cost of living) |
| Gini coefficient | 0.474 |
What is the GDP of Hawaii?
The state of Hawaii generated approximately $97.3 billion of nominal GDP in 2019.
Who is the largest employer in Montana?
Talen Montana
In 2021, Talen Montana was the largest company headquartered in Montana, employing about 12,256 people. Fringe Benefit Resources, Billings Clinic, Benefis Hospitals, and Iinnii Initiative rounded out the top five employers headquartered in Montana.
What is special about Montana?
Montana is home to the most number of golden eagles in the United States of America. Butte, a city in Montana, has a rich mining history and is known as the richest hill on Earth. The first national park in the world, Yellowstone National Park is situated in Montana.
What Montana is known for?
Montana is most famous for its natural beauty, diverse wildlife, and abundance of natural mineral resources. That is why it is called the “Treasure State”. The Rocky Mountains and Yellowstone National Park are two of the state’s most well-known features.
What fruit is native to Montana?
A wide range of berry and small fruits thrive in Montana soils and climates. These include Strawberries, Honeyberries or Haskaps, Raspberries, Juneberries, Currants, Gooseberries, Bush Cherries, and Aronia.
What is the largest ranch in Montana?
The N Bar Ranch
But what is the largest ranch in Montana? The answer, The N Bar Ranch in Fergus County is the largest single ranch owned in the state of Montana. Cattle ranching has been big business in Montana since the mid-1800s. Montana is home to over 28,000 farm and ranch operations that cover 63% of the state’s land area.