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US State economic profile
Wyoming - Economic Profile
Statistics, economic information and rankings for the Equality State
In 2026, the state of Wyoming has a population of 592,462, having grown an annualized 0.4% over the five years to 2026, which ranks it 34th out of all 50 US states by growth rate. Wyoming's gross state product (GSP) in 2026 reached $40.0b, with growth of 1.5% over the 5 years to 2026. Businesses in Wyoming employed a total of 296,809 people in 2026, with average annual employment growth over the past five years of 1.5%. The top three sectors by total employment are Mining, Real Estate & Rental & Leasing, Manufacturing, while the unemployment rate across the state in 2026 was 3.8%.
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State economic profile
Wyoming Economic Overview
$40.0b
Gross state product
592,462
Population
118,709
Businesses
What is Wyoming's Gross Domestic Product (GDP)?
In 2026, Wyoming's GDP reached $40.0b, representing an increase of 1.5% from 2025. Wyoming's GDP has grown at an annualized rate of 0.7% over the five years to 2026. Moreover, Wyoming's trailing five-year GDP growth ranks it 43rd 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 Wyoming's GDP, and compare them to the national average, using the chart below.
State economic profile
Wyoming Industry Trends
Learn about current trends affecting the most significant industries for Wyoming's 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 605 industries in Wyoming.
What are Wyoming's Largest Industries by Revenue?
The largest industries by revenue in Wyoming are Oil Drilling & Gas Extraction, Petroleum Refining and Gasoline & Petroleum Bulk Stations, which generated $12.4b, $4.1b and $3.8b in 2026.
| Industry | 2026 revenue | |
|---|---|---|
| 1. | Oil Drilling & Gas Extraction | $12.4b |
| 2. | Petroleum Refining | $4.1b |
| 3. | Gasoline & Petroleum Bulk Stations | $3.8b |
| 4. | Coal Mining | $3.4b |
| 5. | Hospitals | $3.1b |
| 6. | Oil & Gas Field Services | $2.8b |
| 7. | Mineral & Phosphate Mining | $2.3b |
| 8. | Health & Medical Insurance | $2.1b |
| 9. | Commercial Banking | $2.0b |
| 10. | New Car Dealers | $2.0b |
State economic profile
Top Companies in Wyoming
Learn about current trends affecting the top companies in Wyoming. IBISWorld offers benchmarking data and tools on over 5,000 companies in the US.
Top 10 Companies Headquartered in Wyoming by Employment
The largest companies by employment in Wyoming are Walmart, University of Wyoming and Wyoming Medical Center, which employed 5,267, 2,844 and 1,300 people in 2026.
| Company | 2026 employment | Share of employment | |
|---|---|---|---|
| 1. | Walmart | 5,267 | 1.8% |
| 2. | University of Wyoming | 2,844 | 1.0% |
| 3. | Wyoming Medical Center | 1,300 | 0.4% |
| 4. | Kroger | 1,080 | 0.4% |
| 5. | Home Depot | 1,058 | 0.4% |
| 6. | United States Postal Service | 850 | 0.3% |
| 7. | Sheridan Memorial Hospital | 850 | 0.3% |
| 8. | Laramie County Community College | 392 | 0.1% |
| 9. | Target | 346 | 0.1% |
| 10. | Lowes Companies | 173 | 0.1% |
State economic profile
Wyoming Sector Statistics
In Wyoming, 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 Wyoming's GDP by Sector?
The Mining, Real Estate & Rental & Leasing and Manufacturing sectors contributed the most to Wyoming's GDP in 2026, representing a combined 44.1% 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 |
|---|---|---|---|
| Mining | 7,738,121,096 | 6.1% | 6.7% |
| Real Estate & Rental & Leasing | 5,940,942,184 | 5.8% | 7.3% |
| Manufacturing | 3,415,624,896 | 6.0% | 4.8% |
| Transportation & Warehousing | 3,075,000,288 | 0.1% | -0.5% |
| Retail Trade | 2,643,274,805 | 4.5% | 4.2% |
| Professional, Scientific & Technical Services | 2,343,824,665 | 9.5% | 10.2% |
| Healthcare & Social Assistance | 1,964,157,040 | 2.5% | 2.9% |
| Construction | 1,829,517,529 | -1.9% | -2.7% |
| Accommodation & Food Services | 1,665,456,258 | 2.9% | 2.5% |
| Finance & Insurance | 1,192,392,501 | 0.5% | -0.5% |
| Wholesale Trade | 1,171,086,694 | -1.5% | -1.0% |
| Utilities | 1,107,539,447 | 4.3% | 4.6% |
| Information | 1,042,632,167 | 6.2% | 5.4% |
| Agriculture, Forestry, Fishing & Hunting | 983,580,631 | 10.1% | 12.3% |
| Administration, Business Support and Waste Management Services | 941,739,697 | 9.2% | 10.0% |
| Other Services (except Public Administration) | 578,890,811 | -1.5% | -1.0% |
| Management of Companies and Enterprises | 535,151,128 | 18.1% | 9.0% |
| Arts, Entertainment & Recreation | 420,244,223 | 6.2% | 6.3% |
| Educational Services | 197,947,961 | 8.2% | 9.5% |
What is Wyoming's Employment by Sector?
The Retail Trade, Healthcare & Social Assistance and Accommodation & Food Services sectors contributed the most to employment in Wyoming in 2026, representing a combined 36.4% 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 |
|---|---|---|---|
| Retail Trade | 39,839 | 2.0% | 2.5% |
| Healthcare & Social Assistance | 38,725 | 1.8% | 2.1% |
| Accommodation & Food Services | 29,514 | 0.3% | 2.0% |
| Professional, Scientific & Technical Services | 28,839 | 7.3% | 7.1% |
| Construction | 28,110 | 1.8% | 2.3% |
| Transportation & Warehousing | 18,103 | 2.9% | 3.1% |
| Mining | 15,149 | -1.0% | 1.7% |
| Real Estate & Rental & Leasing | 14,993 | 3.0% | 4.6% |
| Administration, Business Support and Waste Management Services | 14,376 | 4.1% | 5.9% |
| Manufacturing | 12,286 | 0.7% | 1.6% |
| Other Services (except Public Administration) | 11,293 | 1.9% | 2.5% |
| Finance & Insurance | 10,697 | 1.8% | 1.4% |
| Arts, Entertainment & Recreation | 8,836 | 0.8% | 2.5% |
| Educational Services | 8,386 | 0.9% | 1.3% |
| Wholesale Trade | 8,021 | 1.0% | 2.0% |
| Information | 5,051 | 5.2% | 5.7% |
| Utilities | 3,103 | -0.1% | 1.1% |
| Agriculture, Forestry, Fishing & Hunting | 1,488 | N/A | -0.7% |
State economic profile
Wyoming Employment Trends
296.8k
Employment
3.8%
Unemployment
What Employment Trends are Impacting Wyoming?
The state of Wyoming employs 296,809 people in 2026, which ranks it 50th out of all 50 US states. Employment in Wyoming has grown at an annualized rate of 2.9% over the five years to 2026, overperforming the national average of 1.7%. Major sectors by employment in Wyoming include Retail Trade, Healthcare & Social Assistance and Accommodation & Food Services, which employed 39,839, 38,725 and 29,514 people in 2026, respectively. Wyoming's unemployment rate is 3.8% in 2026, which ranks it 15th out of all 50 US states. Wyoming's unemployment rate has trended downwards at a rate of -3.4% 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 Wyoming, and compare them to the US economy, using the chart below.
$713.1k
Per capita disposable income
What is Wyoming's 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. Wyoming's DPI in 2026 was $713.1k, compared to the US average of $156.5k, which places it 4th 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 Wyoming's per capita disposable income, and compare it to the US average, using the chart below.
State economic profile
Wyoming Construction & Building Trends
$1,173.3tn
Nonresidential construction
$727.1b
Residential construction
1,988
Building permits
What can construction trends tell you about a state’s economy?
In Wyoming, non-residential construction was $1,173.3tn in 2026, which ranks it 21st out of all 50 US states. Residential construction was $727.1b in 2026, which places Wyoming 3rd out of all 50 US states. The number of building permits issued in Wyoming in 2026 was 1,988, representing a -4.5% 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 Wyoming, and compare it to trends in the number issued in the United States as a whole, using the chart below.
State economic profile
Wyoming Population Statistics
Which Counties in Wyoming have the Largest Populations?
The counties with the highest populations in Wyoming are Laramie County, Natrona County and Campbell County, which had populations of 101,521, 80,483 and 48,415 people in 2026.
| Region | 2026 population | Annual growth 2021-26 | Share of population |
|---|---|---|---|
| Laramie | 101.5k | 0.2% | 17.1% |
| Natrona | 80.5k | 0.2% | 13.6% |
| Campbell | 48.4k | 0.6% | 8.2% |
| Sweetwater | 40.6k | -0.5% | 6.8% |
| Fremont | 40.3k | 0.4% | 6.8% |
| Albany | 38.9k | 0.6% | 6.6% |
| Sheridan | 33.9k | 1.4% | 5.7% |
| Park | 31.6k | 0.9% | 5.3% |
| Teton | 23.0k | -0.3% | 3.9% |
| Lincoln | 21.9k | 1.6% | 3.7% |
| Uinta | 20.9k | 0.2% | 3.5% |
| Carbon | 13.9k | -0.9% | 2.4% |
| Converse | 13.9k | 0.3% | 2.4% |
| Goshen | 12.7k | 0.2% | 2.1% |
| Big Horn | 12.4k | 1.2% | 2.1% |
| Sublette | 9.3k | 1.2% | 1.6% |
| Johnson | 9.0k | 0.8% | 1.5% |
| Platte | 8.4k | -0.6% | 1.4% |
| Crook | 8.0k | 1.8% | 1.4% |
| Washakie | 7.7k | -0.1% | 1.3% |
| Weston | 6.8k | -0.2% | 1.1% |
| Hot Springs | 4.7k | 0.4% | 0.8% |
| Niobrara | 2.3k | -0.9% | 0.4% |
State economic profile
Wyoming Demographics
In Wyoming, 35.1% of the population has a Bachelors or higher. The largest ethnic group in Wyoming is White, accounting for 82.0% of the state's population.
Education level in Wyoming
| Education level | Share (%) |
|---|---|
| Bachelors or higher | 35.1 |
| Other | 64.9 |
Race in Wyoming
| Race | Share (%) |
|---|---|
| White | 82.0 |
| Hispanic | 11.5 |
| Other | 4.2 |
| Asian | 1.3 |
| Black | 1.0 |
Wyoming 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 605 Wyoming industry reports.
Other states to explore
Compare Wyoming’s economy with other states in the United States.
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