Economy in Arkansas

GDP, income, output and the industries that drive the economy.

Real GDP (chained 2017 dollars)
$147,930,000,000
2025 · BEA
Real GDP growth
0.9%
2025 · Annual % change in BEA real GDP
Per capita personal income
$61,697
2025 · BEA
Median household income (CPS)
$68,060
2025 · Census CPS ASEC
Poverty rate, all ages (SAIPE)
15.3%
2024 · Census Small Area Income and Poverty Estimates
CPI inflation, U.S.
2.9%
2024 · BLS CPI-U U.S. city average
Nominal GDP (current dollars)
$195,988,000,000
2025 · BEA
Government jobs
205,692
2025 · BLS Current Employment Statistics

GDP

Arkansas produced roughly $175 billion in economic output in 2023, led by retail, transportation, poultry and steel.

Real GDP (chained 2017 dollars)
$147,930,000,000
2025 · BEA
Rank
34th
Share of U.S. GDP
0.6%

Real GDP (chained 2017 dollars)

1997–2025
$147,930,000,000▲ 70%

BEA, chained 2017 dollars (FRED ARRGSP).

IndicatorArkansasU.S.
GDP (USD B)17529200
  • •Three Fortune 500 companies — Walmart, Tyson Foods and J.B. Hunt — are headquartered in Arkansas.

GDP Growth

Arkansas's real GDP grew about 2.0% in 2023.

Real GDP growth
0.9%
2025 · Annual % change in BEA real GDP
Real GDP growth (2023)
+2.0%
2024

Real GDP growth

1998–2025
0.9%

Annual % change in BEA real GDP (ARRGSP).

Personal Income

Arkansas's per capita personal income was about $54,500 in 2023, below the U.S. average.

Per capita personal income
$61,697
2025 · BEA

Per capita personal income

1970–2025
$61,697▲ 2017%

BEA, current dollars (FRED ARPCPI).

Median Household Income

Median household income in Arkansas is about $58,700, among the lowest in the nation, offset by very low living costs.

Median household income (CPS)
$68,060
2025 · Census CPS ASEC
Median household income
$58,700
Rank
48th
U.S. median
$78,538

Median household income (CPS)

1984–2025
$68,060▲ 334%

Census CPS ASEC, current dollars (FRED MEHOINUSARA646N).

IndicatorArkansasU.S.
Median household income (USD)5870078538

Poverty Rate

About 16.0% of Arkansans lived below the poverty line in 2023.

Poverty rate, all ages (SAIPE)
15.3%
2024 · Census Small Area Income and Poverty Estimates
Poverty rate
16.0%
2024

Poverty rate, all ages (SAIPE)

1989–2024
15.3%

Census Small Area Income and Poverty Estimates (FRED PPAAAR05000A156NCEN).

IndicatorArkansasU.S.
Poverty rate1611.1

Inflation

South-region consumer prices covering Arkansas rose about 2.8% year over year.

CPI inflation, U.S.
2.9%
2024 · BLS CPI-U U.S. city average
CPI inflation, South region
2.2%
2025 · BLS CPI-U all items
CPI change (YoY)
2.8%
U.S. CPI change
2.9%
Year
2024

CPI inflation, U.S.

2007–2024
2.9%

BLS CPI-U U.S. city average, annual average change (CPIAUCNS).

CPI inflation, South region

2007–2025
2.2%

BLS CPI-U all items, South region, annual average change (CUUR0300SA0).

IndicatorArkansasU.S.
Inflation (%)2.82.9

Economic Output

Arkansas exported roughly $6.4 billion in goods in 2023, led by agricultural and industrial machinery.

Nominal GDP (current dollars)
$195,988,000,000
2025 · BEA
Small businesses
258,000
2024

Nominal GDP (current dollars)

1997–2025
$195,988,000,000▲ 227%

BEA, current dollars (FRED ARNGSP).

Industry Breakdown

Manufacturing and agriculture together anchor Arkansas's economy, with manufacturing near 13% of GDP.

Government jobs
205,692
2025 · BLS Current Employment Statistics
Manufacturing jobs
159,417
2025 · BLS Current Employment Statistics
Construction jobs
66,400
2025 · BLS Current Employment Statistics
Manufacturing
13% of GDP
2024
Retail trade
9% of GDP
2024

Government jobs

1990–2025
205,692▲ 33%

BLS Current Employment Statistics, annual average (FRED ARGOVT).

Manufacturing jobs

1990–2025
159,417▼ 27%

BLS Current Employment Statistics, annual average (FRED ARMFG).

Construction jobs

1990–2025
66,400▲ 74%

BLS Current Employment Statistics, annual average (FRED ARCONS).

More figures

GDP
$161 B
33rd in the U.S.
GDP per capita
$52,600
Unemployment rate
3.4%
2024
Median annual wage
$40,900
Top agricultural product
Rice
≈ 45% of U.S. production
Leading sectors
Agriculture, retail, logistics & manufacturing