The economy of Arkansas produced US$106 billion of gross domestic product in 2010. Four Fortune 500 companies are based in Arkansas, including the world's #1 retailer, 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.
According to Forbes.com Arkansas currently ranks 21st for The Best States for Business, 9th for Business Cost, 40th for Labor, 22nd for Regulatory Environment, 17th for Economic Climate, 9th for Growth Prospects, 34th in Gross Domestic Product, and positive economic change of 3.8% or ranked 22nd.
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.
Read more about Economy Of Arkansas: Exports, State Taxes
Famous quotes containing the words economy of, economy and/or arkansas:
“Wise men read very sharply all your private history in your look and gait and behavior. The whole economy of nature is bent on expression. The tell-tale body is all tongues. Men are like Geneva watches with crystal faces which expose the whole movement.”
—Ralph Waldo Emerson (1803–1882)
“War. Fighting. Men ... every man in the whole realm is in the army.... Every man in uniform ... An economy entirely geared to war ... but there is not much war ... hardly any fighting ... yet every man a soldier from birth till death ... Men ... all men for fighting ... but no war, no wars to fight ... what is it, what does it mean?””
—Doris Lessing (b. 1919)
“...I am who I am because I’m a black female.... When I was health director in Arkansas ... I could talk about teen-age pregnancy, about poverty, ignorance and enslavement and how the white power structure had imposed it—only because I was a black female. I mean, black people would have eaten up a white male who said what I did.”
—Joycelyn Elders (b. 1933)