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Economy of Missouri





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The economy of Missouri rests chiefly on industry. Aerospace, transportation, printing, publishing, food processing, chemicals, electrical machinery, and fabricated metals are the major industries. The total state product of Missouri in 2006 was $225.9 billion.
The per capita personal income ranked twenty-sixth in the nation in 2006; it was $32,705. The unemployment rate in 2010 was 9.5%.

Agriculture is an important sector in the the economy of Missouri; there are over 100,000 farms in the state. The chief agricultural products are: soybeans, corn, cattle, hogs, wheat, apples, peaches, grapes, water melons, potatoes, and dairy items. Missouri also has a fast growing wine industry.

Mining adds to the revenue of the state. The state has vast quantities of limestone. Lead, copper, silver, zinc, coal, and crushed stone are the other minerals that are mined.

Missouri has a diversified economy. Manufacturing, farming, trade, tourism, services, government, and mining are the major sources of income.
GSP $225.9 billion in 2006
Per Capita Income $32,705 in 2006
Unemployment Rate 9.5% in 2010
Major Sectors Transportation, food processing, chemicals, mining, banking
Major Industries Aerospace, printing, publishing, electrical equipment, light manufacturing, beer

Transportation equipment is the leading manufacturing sector of Missouri. Airplanes, barges, railroad cars, truck and bus bodies are the major products. The states leads in the production of automobiles and trucks.

Tourism is also a significant part of the economy. The development of resorts in the tourist spots of Missouri has boosted tourism income. St. Louis region, the Kansas City area, Gateway Arch are the major tourist attractions.


  Missouri State Profile