The U.S. state of Wyoming has the largest known reserve of trona in the world. In 2005, the state ranked 5th in the country in oil production.
Gross state product$27.4 billionPer capita income$52,664Unemployment rate7.6%Major industriesManufacturing industries, tourism agriculture and mining.Major sectorsAgriculture, manufacturing, services.
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Extraction industry and travel and tourism are the most important sectors governing the economy of Wyoming. Tourism industry generates approximately $2billion for the state. Agriculture is also an essential part of the state's economy. Major agricultural outputs are livestock, hay, sugar, beets, grain, and wool. The gross state product of the state in 2005 was $27.4 billion.
Mining output of the state include coal, natural gas, coalbed methane, crude oil, and trona. The state is the number one producer of coal in the country and ranks second in the production of natural gas. The state does not levy any individual or corporate income tax. Personal property owned for personal use is tax free. Due to tax exemptions, the state was considered a favorable business center during the 1990s. There is no inheritance taxes in the state. In 2010, the unemployment rate in the state was 7.6 %.
| Wyoming State Profile |
