Economy of Mississippi

The total gross state product of Mississippi in 2010 was $98 billion. The state generated most of its revenue from the manufacturing sector.
Mississippi is one of the poorest states in the United States. The per capita income has been among the lowest in the nation for decades. The total gross state product of the state in 2010 stood at $98 billion while the per capita income was $31,186.

Agriculture, aquaculture, livestock, mining, manufacturing, services, and food processing are the major sectors/industries in the state. Rice and soybeans are the most important crops. Other crops include sweet potatoes, grain sorghum, peanuts, rice, cucumbers, and wheat.

Mining adds to the revenues of the state. The most important minerals mined are petroleum and natural gas. Clay, limestone, lignite and sand and gravel are the other mined minerals.

Mississippi has a profitable fishing and seafood processing industry. The state leads in the production of shrimp and farmed catfish. Menhaden, oysters, red snapper, buffalo fish, carp and catfish are the important catch.

GSP	$98 billion in 2010
Per Capita Income	$31,186 in 2010
Unemployment Rate	10.9% in 2010
Major Sectors	Agriculture, manufacturing, services, mining, education
Major Industries	Tourism, insurance and real estate, fishing, food processing, electrical equipment manufacturing, construction,

The economy of the state relies heavily on the revenue generated by industrial products like chemicals, plastics, foods, and wood products. Mississippi levies a retail sales tax of 7%. As of January 2010, the unemployment rate of the rate was 10.9%.

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