With a population of 4,413,457, Kentucky was ranked 26th as the most populous of the 50 states back in 2014. Also known as “The Bluegrass State”, Kentucky is 37th largest state. Frankfort is the capital while Louisville is the largest city of Kentucky.
According to a local survey in 2010, the total GSP of Kentucky was $163.3 billion, which ranked the state in the 28th position in the country. With an unemployment rate of 5.1%, the per capita income of Kentucky was $28,513 and was ranked 43rd in the whole nation. Due to such a stable economy, Kentucky was listed as the most affordable state to live in back in 2014.
Automobiles and trucks assembling is the largest industry that contributes to Kentucky’s economy. Ford F-Series (best selling truck in the USA) and Toyota Camry (the best selling car in the USA), both are manufactured in Kentucky. Kentucky is ranked 4th in automobiles and trucks assembling.
In agriculture, Kentucky, largely produces wheat, dairy products, hogs and fruits. Although Kentucky is not a big mineral state. 85% of the total mineral income is produced by coal. Kentucky is the second largest tobacco producer in the United States and ranked in the top 20 in the production of winter wheat, hay and sorghum.
Another factor which adds to the economy of Kentucky is forestry, as it contains 12.7 million acres of commercial forest. Main trees which comprise the forest are beech, yellow oak and walnut.