State of Wyoming

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Wyoming

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Wyoming is a state in the Western United States. The majority of the state is dominated by the mountain ranges and rangelands of the Rocky Mountain West, while the easternmost section of the state includes part of a high elevation prairie region known as the High Plains. While the tenth largest U.S. state by size, Wyoming is the least populous, with a U.S. Census estimated population of 522,830 in 2007, a 5.9% increase since 2000. The capital and the most populous city of Wyoming is Cheyenne.

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Economy

According to the 2005 U.S. Bureau of Economic Analysis report, Wyoming’s gross state product was $27.4 billion. Wyoming’s unemployment rate for 2006 was approximately 3.3%, which was lower than the national average of 4.6%. Components of Wyoming\'s economy differ significantly from those of other states. The mineral extraction industry and the travel and tourism sector are the main drivers behind Wyoming’s economy. The Federal government owns about 50% of its landmass, while 6% is controlled by the state. Total taxable values of mining production in Wyoming for 2001 was over $6.7 billion. The tourism industry accounts for over $2 billion in revenue for the state.

In 2002, more than six million people visited Wyoming’s national parks and monuments. The key tourist attractions in Wyoming include Grand Teton National Park, Yellowstone National Park, Devils Tower National Monument and Fossil Butte National Monument. Each year Yellowstone National Park receives three million visitors.

Historically, agriculture has been an important component of Wyoming’s economy. Its overall importance to the performance of Wyoming’s economy has waned. However, agriculture is still an essential part of Wyoming’s culture and lifestyle. The main agricultural commodities produced in Wyoming include livestock (beef), hay, sugar beets, grain (wheat and barley), and wool. More than 91% of land in Wyoming is classified as rural.

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