Economy of Arkansas
The economy of Arkansas produced US$119 billion of gross domestic product in 2015. Six Fortune 500 companies are based in Arkansas, including the world's #1 corporation by revenue, Walmart. Arkansas's per capita income for 2010 was $36,027. The three-year median household income from 2009-11 was $39,806, ranking forty-ninth in the nation.
| Statistics | |
|---|---|
| GDP | $118,907 billion |
GDP per capita | $57,202 |
Population below poverty line | 19.1% |
| 0.4773 | |
Labor force | 1,349,512 |
| Unemployment | 4.0% |
| Public finances | |
| Revenues | $4,604 million |
| Expenses | $4,604 million |
According to CNBC, Arkansas currently ranks as the 35th best state for business, with the 10th-lowest cost of doing business, 8th-lowest cost of living, 41st best workforce, 29th-best economic climate, 41st-best educated workforce, 41st-best infrastructure and the 32nd-friendliest regulatory environment. Arkansas gained twelve spots in the best state for business rankings since 2011.
Arkansas ranks as one of the top states for charitable giving. In 2011, Arkansans gave 6.3% of their discretionary income to charity, ranking it as the seventh-most generous state. The Pine Bluff metropolitan area ranked as the seventh-most charitable metro area in the nation during the same time period.