Nevada had a gross state product of $38,578 in 2010. Aerospace equipment, recreational services, finance are the major sectors/industries in the state.
| GSP |
$38,578 in 2010 |
| Per Capita Income |
$36,997 in 2010 |
| Unemployment Rate |
13.4% in 2011 |
| Major Sectors |
Agriculture, mining, livestock, finance, real estate, services |
| Major Industries |
Tourism, printing, publishing, food processing, electric equipment |
Tourism is the largest industry in Nevada. Places like the Las Vegas area, Lake Tahoe, and Laughlin draw millions of tourists to the state every year. Gambling and casinos add to the revenues. The gross state product of the state in 2010 was estimated at $38,578 in 2010, while the per capita income was $36,997.
Agriculture is an important industry and the major agricultural products are: alfalfa seed, potatoes, barley, garlic, mint, onions, and wheat.
Mining is a significant part of the economy; Nevada leads the nation in the production of gold, silver, and mercury. The other minerals mined are petroleum, copper, gypsum, and diatomite.
Manufacturing adds to the revenues of the state. The principal manufactured products are food products, paper, machinery, electrical appliances, chemicals, plastics, and construction equipment. Finance, insurance, and real estate is a fast growing service industry.
The state had the worst unemployment rate in the nation in 2011 of 13.4%.
