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US State economic profile
Arkansas - Economic Profile
Statistics, economic information and rankings for the Natural State
In 2026, the state of Arkansas has a population of 3,125,188, having grown an annualized 0.6% over the five years to 2026, which ranks it 23rd out of all 50 US states by growth rate. Arkansas' gross state product (GSP) in 2026 reached $153.1b, with growth of 2.1% over the 5 years to 2026. Businesses in Arkansas employed a total of 1,336,450 people in 2026, with average annual employment growth over the past five years of 1.8%. The top three sectors by total employment are Manufacturing, Real Estate & Rental & Leasing, Healthcare & Social Assistance, while the unemployment rate across the state in 2026 was 4.1%.
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State economic profile
Arkansas Economic Overview
$153.1b
Gross state product
3,125,188
Population
262,431
Businesses
What is Arkansas' Gross Domestic Product (GDP)?
In 2026, Arkansas' GDP reached $153.1b, representing an increase of 2.1% from 2025. Arkansas' GDP has grown at an annualized rate of 2.3% over the five years to 2026. Moreover, Arkansas' trailing five-year GDP growth ranks it 22nd out of all 50 US states.
State GDP, or Gross State Product, is a measurement of a state's output, or the sum of value added from all industries in the state. It is a common indicator used to track the health of a state's economy.
You can track trends in Arkansas' GDP, and compare them to the national average, using the chart below.
State economic profile
Arkansas Industry Trends
Learn about current trends affecting the most significant industries for Arkansas' state economy, down to the county level. IBISWorld offers state industry research reports on over 30,000 industries across all 50 states in the US, including 633 industries in Arkansas.
What are Arkansas' Largest Industries by Revenue?
The largest industries by revenue in Arkansas are Wholesale Trade Agents and Brokers, Soft Drink, Baked Goods & Other Grocery Wholesaling and Commercial Banking, which generated $18.2b, $14.9b and $14.1b in 2026.
| Industry | 2026 revenue | |
|---|---|---|
| 1. | Wholesale Trade Agents and Brokers | $18.2b |
| 2. | Soft Drink, Baked Goods & Other Grocery Wholesaling | $14.9b |
| 3. | Commercial Banking | $14.1b |
| 4. | Hospitals | $13.8b |
| 5. | New Car Dealers | $11.6b |
| 6. | Meat, Beef & Poultry Processing | $11.6b |
| 7. | Paper Bag & Disposable Plastic Product Wholesaling | $10.2b |
| 8. | Health & Medical Insurance | $9.7b |
| 9. | Chemical Wholesaling | $7.1b |
| 10. | Petroleum Refining | $6.8b |
State economic profile
Top Companies in Arkansas
Learn about current trends affecting the top companies in Arkansas. IBISWorld offers benchmarking data and tools on over 5,000 companies in the US.
Top 10 Companies Headquartered in Arkansas by Employment
The largest companies by employment in Arkansas are State of Arkansas, Walmart and Baptist Health, which employed 57,000, 55,660 and 11,000 people in 2026.
| Company | 2026 employment | Share of employment | |
|---|---|---|---|
| 1. | State of Arkansas | 57,000 | 4.3% |
| 2. | Walmart | 55,660 | 4.2% |
| 3. | Baptist Health | 11,000 | 0.8% |
| 4. | Tyson Foods | 7,500 | 0.6% |
| 5. | Mercy Inc | 6,250 | 0.5% |
| 6. | Arkansas Children's | 4,400 | 0.3% |
| 7. | Kroger | 4,040 | 0.3% |
| 8. | FedEx | 3,750 | 0.3% |
| 9. | Dollar General | 3,750 | 0.3% |
| 10. | Lowes Companies | 3,750 | 0.3% |
State economic profile
Arkansas Sector Statistics
In Arkansas, certain sectors drive a higher share of state GDP and employ more workers than others. However, simply looking at raw numbers doesn't always tell the whole story. Factoring in the current year growth percentage, in addition to the annualized growth percentage over the past five years, will give you a deeper understanding of the economic situation.
What is Arkansas' GDP by Sector?
The Manufacturing, Real Estate & Rental & Leasing and Healthcare & Social Assistance sectors contributed the most to Arkansas' GDP in 2026, representing a combined 38.7% of state GDP.
GDP trends by sector are an important indicator of which sectors are contributing the most value-add to the state economy, in addition to how the state economy is evolving over time.
| Sector | GDP | Growth 2026 | Annualized growth 2021-26 |
|---|---|---|---|
| Manufacturing | 22,565,067,851 | 2.3% | 1.5% |
| Real Estate & Rental & Leasing | 17,232,583,716 | 3.1% | 2.9% |
| Healthcare & Social Assistance | 14,677,065,584 | 4.2% | 4.5% |
| Retail Trade | 12,074,236,372 | 4.5% | 3.8% |
| Wholesale Trade | 10,636,308,749 | 1.2% | 0.9% |
| Management of Companies and Enterprises | 10,054,525,577 | 7.2% | 7.9% |
| Professional, Scientific & Technical Services | 8,111,650,054 | 7.7% | 8.2% |
| Finance & Insurance | 6,204,208,810 | -1.2% | -2.8% |
| Construction | 5,336,451,666 | 1.1% | 0.5% |
| Transportation & Warehousing | 5,302,755,042 | -1.3% | -2.1% |
| Administration, Business Support and Waste Management Services | 5,194,094,345 | 4.4% | 4.4% |
| Information | 4,845,633,114 | 9.3% | 9.6% |
| Utilities | 4,725,246,382 | 6.9% | 6.8% |
| Accommodation & Food Services | 4,169,596,917 | 1.9% | 1.1% |
| Agriculture, Forestry, Fishing & Hunting | 3,614,925,646 | 5.3% | 3.9% |
| Other Services (except Public Administration) | 2,889,127,840 | -1.0% | -0.8% |
| Arts, Entertainment & Recreation | 1,245,723,358 | 11.9% | 13.1% |
| Educational Services | 948,251,209 | 3.3% | 3.9% |
| Mining | 795,458,116 | 0.9% | -0.4% |
What is Arkansas' Employment by Sector?
The Healthcare & Social Assistance, Retail Trade and Manufacturing sectors contributed the most to employment in Arkansas in 2026, representing a combined 42.3% of state employment.
Employment trends by sector are an important indicator of which sectors are growing or contracting most rapidly relative to the state economy as a whole.
| Sector | Employment | Growth 2026 | Annualized growth 2021-26 |
|---|---|---|---|
| Healthcare & Social Assistance | 218,810 | 1.7% | 2.6% |
| Retail Trade | 180,213 | 1.4% | 2.3% |
| Manufacturing | 166,578 | 0.0% | 1.0% |
| Accommodation & Food Services | 114,889 | 0.2% | 2.4% |
| Transportation & Warehousing | 100,228 | 3.0% | 1.3% |
| Administration, Business Support and Waste Management Services | 87,105 | 2.2% | 2.6% |
| Construction | 76,655 | 2.0% | 3.1% |
| Educational Services | 64,257 | 0.2% | 0.6% |
| Professional, Scientific & Technical Services | 58,754 | 1.6% | 2.0% |
| Finance & Insurance | 57,191 | 2.0% | 2.4% |
| Other Services (except Public Administration) | 54,258 | 1.6% | 3.1% |
| Wholesale Trade | 50,850 | 0.9% | 1.6% |
| Real Estate & Rental & Leasing | 33,394 | 1.3% | 1.6% |
| Information | 28,135 | 4.3% | 3.3% |
| Arts, Entertainment & Recreation | 19,958 | -0.2% | 3.4% |
| Utilities | 11,460 | 1.2% | 0.2% |
| Agriculture, Forestry, Fishing & Hunting | 9,815 | 0.3% | -0.3% |
| Mining | 3,900 | -1.8% | 0.1% |
State economic profile
Arkansas Employment Trends
1.3m
Employment
4.1%
Unemployment
What Employment Trends are Impacting Arkansas?
The state of Arkansas employs 1,336,450 people in 2026, which ranks it 34th out of all 50 US states. Employment in Arkansas has grown at an annualized rate of 2.1% over the five years to 2026, overperforming the national average of 1.7%. Major sectors by employment in Arkansas include Healthcare & Social Assistance, Retail Trade and Manufacturing, which employed 218,810, 180,213 and 166,578 people in 2026, respectively. Arkansas' unemployment rate is 4.1% in 2026, which ranks it 21st out of all 50 US states. Arkansas' unemployment rate has trended upwards at a rate of 0.6% over the five years to 2026, overperforming the US economy as a whole.
Employment trends indicate the degree of tightness or slack in labor markets, in addition to the overall strength of an economy. Faster employment growth typically indicates a strong and growing economy, while lower unemployment tends to imply tightness in labor markets.
You can track unemployment trends in Arkansas, and compare them to the US economy, using the chart below.
$159.2k
Per capita disposable income
What is Arkansas' Per Capita Disposable Income?
Per capita disposable income, also known as disposable personal income (DPI), is the amount of money that the average person in an economy has available for spending and saving after accounting for income taxes. Arkansas' DPI in 2026 was $159.2k, compared to the US average of $156.5k, which places it 13th out of all 50 US states.
Disposable income is regarded as a key economic indicator as trends in disposable income are indicative of the level of aggregate demand, the state of labor markets and the financial strength of households.
You can track trends in Arkansas' per capita disposable income, and compare it to the US average, using the chart below.
State economic profile
Arkansas Construction & Building Trends
$7,514.8tn
Nonresidential construction
$4.4tn
Residential construction
15,880
Building permits
What can construction trends tell you about a state’s economy?
In Arkansas, non-residential construction was $7,514.8tn in 2026, which ranks it 39th out of all 50 US states. Residential construction was $4.4tn in 2026, which places Arkansas 47th out of all 50 US states. The number of building permits issued in Arkansas in 2026 was 15,880, representing a 1.3% annualized growth rate between 2021 and 2026.
Trends in the construction sector are important because it creates jobs, income and tax revenue for a state. In addition, construction sector activity impacts other sectors in its supply chain, including manufacturing, wholesaling, warehousing, transportation, and real estate, rental and leasing services. Therefore, construction trends are important indicators of the health of an economy.
You can track trends in the number of building permits issued in Arkansas, and compare it to trends in the number issued in the United States as a whole, using the chart below.
State economic profile
Arkansas Population Statistics
Which Counties in Arkansas have the Largest Populations?
The counties with the highest populations in Arkansas are Pulaski County, Benton County and Washington County, which had populations of 401,758, 336,983 and 276,319 people in 2026.
| Region | 2026 population | Annual growth 2021-26 | Share of population |
|---|---|---|---|
| Pulaski | 401.8k | 0.1% | 12.9% |
| Benton | 337.0k | 2.7% | 10.8% |
| Washington | 276.3k | 1.8% | 8.8% |
| Faulkner | 136.2k | 1.6% | 4.4% |
| Saline | 135.6k | 1.5% | 4.3% |
| Sebastian | 129.9k | 0.2% | 4.2% |
| Craighead | 117.1k | 0.9% | 3.8% |
| Garland | 99.4k | -0.1% | 3.2% |
| White | 80.2k | 0.7% | 2.6% |
| Lonoke | 77.8k | 0.8% | 2.5% |
| Pope | 65.8k | 0.6% | 2.1% |
| Crawford | 63.7k | 1.0% | 2.0% |
| Jefferson | 61.0k | -1.4% | 1.9% |
| Greene | 47.6k | 0.6% | 1.5% |
| Crittenden | 46.7k | -0.3% | 1.5% |
| Baxter | 44.0k | 0.8% | 1.4% |
| Miller | 42.1k | -0.2% | 1.4% |
| Boone | 39.4k | 0.8% | 1.3% |
| Independence | 38.6k | 0.3% | 1.2% |
| Mississippi | 37.4k | -1.1% | 1.2% |
| Union | 36.1k | -1.2% | 1.1% |
| Hot Spring | 33.5k | 0.2% | 1.1% |
| Carroll | 29.2k | 0.5% | 0.9% |
| Johnson | 26.4k | 0.4% | 0.8% |
| Cleburne | 26.0k | 0.7% | 0.8% |
State economic profile
Arkansas Demographics
In Arkansas, 28.7% of the population has a Bachelors or higher. The largest ethnic group in Arkansas is White, accounting for 69.0% of the state's population.
Education level in Arkansas
| Education level | Share (%) |
|---|---|
| Bachelors or higher | 28.7 |
| Other | 71.3 |
Race in Arkansas
| Race | Share (%) |
|---|---|
| White | 69.0 |
| Black | 15.1 |
| Hispanic | 10.2 |
| Other | 3.7 |
| Asian | 2.0 |
Arkansas State industry reports
IBISWorld State Industry Reports help you quickly understand how an industry performs at the state level compared with the national level, with accurate and unbiased industry information with a local focus. Use this collection to:
- Discover key local industry trends
- Identify threats and opportunities at the subnational level
- Inform your business strategies and planning
See our list of 633 Arkansas industry reports.
Other states to explore
Compare Arkansas’s economy with other states in the United States.
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