Hoping to find good industrial spaces for rent in Arkansas? Find the best options for you in the listings above.Arkansas is a state of the United States located in the Southern region of the country. As of 2022, the state's population was 3 million people. (https://www.census.gov/quickfacts/AR)
Arkansas is home to a variety of industries, with many of them being major contributors to the state's economy.
The state's labor force is made up of nearly 1.5 million workers and has grown by 4.2 percent over the past 10 years. The industries that employ the most people in Arkansas are government, trade, transportation, and utilities, and education and health services. These industries account for around 47 percent of the state's total employment.
The Gross Domestic Product (GDP) of Arkansas is $144.5 billion, which ranks 36th in the nation (https://www.deptofnumbers.com/gdp/arkansas/)
The state's GDP has grown by around 1.5 percent over the past year and is expected to grow by around 2 percent in the coming year. The primary contributors to Arkansas's GDP are government, manufacturing, and trade, transportation, and utilities.
The state's major industries are agriculture, forestry and wood products, manufacturing, and energy. The agricultural industry is the largest in the state, accounting for around 10 percent of the state's total economic output. The forestry and wood products industry is the second largest, accounting for around 7 percent of Arkansas's economic output. The manufacturing industry is also a major contributor to the state's economy, making up around 5 percent of its economic output. The energy industry is the fourth largest in the state, accounting for around 3 percent of Arkansas's economic output.
Overall, the economic trends in Arkansas are positive and the state's economy is growing. The unemployment rate has decreased in recent years and is now below the national average. The state's GDP is expected to continue to grow in the coming years and its major industries are expected to remain strong. Arkansas is also ranked 47th in the nation in terms of GDP per capita. (https://worldpopulationreview.com/state-rankings/gdp-by-state)