What is the main economy of Missouri?

Missouri’s economy rests chiefly on industry. Aerospace and transportation equipment are the main manufactures; food products, chemicals, printing and publishing, machinery, fabricated metals, and electrical equipment are also important. St. Louis is an important center for the manufacture of metals and chemicals.

What is Missouri’s #1 industry?

Food beverage and tobacco products top the manufacturing industry followed by chemicals, motor vehicles and machinery, computer and electronics, electrical equipment and appliances, and rubber and plastic products. In 2018, Missouri exported $13.2 billion worth of manufactured goods.

What is the main industry in St Louis MO?

According to the 2017 Economic Census, manufacturing in the St. Louis, MO-IL metro area conducted $53.3 billion in business, followed by the retail trade with $51.3 billion, the healthcare and social service industry with $22.5 billion, and professional, scientific, and technical services with $15.1 billion.

What is the community’s economic base?

The economic base deals with how a community earns its living. It consists of that proportion of employment and income generated in a local community that determines the overall level of production.

What are 3 major industries in Missouri?

Missouri’s major industries include aerospace, food processing, chemicals, printing/publishing, electrical equipment and beer.

What are major industries?

The Biggest Industries In The United States

  • Finance and Insurance.
  • Health and Social Care.
  • Durable Manufacturing.
  • Retail Trade.
  • Wholesale Trade.
  • Nondurable Manufacturing.
  • Federal Government.
  • Information.

What is the economy like in St. Louis Missouri?

The US average is 7.3%. – The Income Tax Rate for St. Louis is 6.9%. The US average is 4.6%….Income and Salaries for St. Louis.

ECONOMY St. Louis, Missouri United States
Recent Job Growth -4.9% -6.2%
Future Job Growth 23.9% 33.5%
Sales Taxes 9.7% 6.2%
Income Tax 6.4% 4.6%

What is base sector?

Base Sector Firm means a Firm within an industry that produces goods, services, or both, that are customarily sold outside of the region.

What is the economic study of urban areas?

Urban economics is broadly the economic study of urban areas; as such, it involves using the tools of economics to analyze urban issues such as crime, education, public transit, housing, and local government finance.

What is Missouri known for producing?

Major products include livestock, poultry, forest products and crops. Among crop production, soybeans, corn, cotton and rice are predominant with Missouri consistently ranking in the top 10 nationwide for the production of those four major commodities. By dollar value, soybeans are Missouri’s number one crop.

What are the 5 sectors of economy?

Sectors of the Economy: Primary, Secondary, Tertiary, Quaternary and Quinary

  • Primary activities.
  • Secondary activities.
  • Tertiary activities.
  • Quaternary activities.
  • Quinary activities.