Maps of World
We do magic to Maps
Home / USA Map / USA States Map / Tennessee / Tennessee Economy

Tennessee Economy



GSP $226.502 billion in 2005
Per Capita Income $31,472 in 2005
Unemployment Rate 10.7% in 2010
Major Industries Fishing, tourism, banking, insurance, education
Major Sectors Mississippi River at (178 feet)
Geographic Center Agriculture, mining, services, health care, manufacturing

Most of the income of the state is generated from community, business and personal services . Private health care, law firms, motels and business services are the most important services. Finance, insurance and real estate services group also make significant contributions to Tennessee's service economy. Nashville and Memphis are Tennessee's leading banking centers. The economy of Tennessee relies heavily on agriculture. The leading crops of the state are cotton, soybeans, wheat, hay, sorghum grain and tobacco. Livestock is an important industry and the major products are dairy products, sheep and lambs, wool, hogs, honey and chicken eggs.

Chemicals and related products, foods, electrical machinery, primary metals, automobiles, textiles and apparel, and stone, clay, and glass items are the leading manufactured goods. Mining also contributes to the economy of the state. Stone is the leading mineral followed coal,zinc. Clays, phosphate rock, sand and gravel are also mined in the Tennessee.

Tourism adds to the revenues of the state. The many beautiful lakes in the city attract millions of tourists to Tennessee every year. The country-music mecca of Nashville and the blues and jazz hub of Memphis are major attractions.

The state is home to headquarters of major corporations; FedEx Corporation, AutoZone Incorporated and International Paper are all based in Memphis; Knoxville houses Pilot Corporation and Regal Entertainment Group; Eastman Chemical Company is based in Kingsport, the North American headquarters of Nissan are based in Franklin; and the head-quarters of Caterpillar Financial is in Nashville. Volkswagen Chattanooga Assembly Plant and a 1.2 Billion dollar polysilicon production facility by Hemlock Semiconductor Group in Clarksville is also located in Tennessee.

  Tennessee State Profile