51 Arkansas Business Stats & Facts For 2025

Here are 51 business stats about Arkansas for 2025.

Basics:

Population: 3,067,732 (US Census 2020)
Population desnity per square mile: 57.90
GDP: $176,240 (millions USD)
GDP Per Capita: $57,657
Median household income (in 2022 dollars): $56,335
Real GDP Growth Rate: 2.50%
Total Employment: 1.3m
Unemployment Rate: 2.8%

Rankings

% Share of National Economy: 0.64%
State Economic Growth Rank (out of 50): 34
Population Growth Rank (out of 50): 36
Business Growth Rank (out of 50): 22
State Growth Rank in Employment (out of 50): 18

Biggest Industries In Arkansas By Revenue

1. Soft Drink, Baked Goods & Other Grocery Wholesaling: $22.9b
2. Hospitals: $13.2b
3. Wholesale Trade Agents and Brokers: $11.7b
4. Meat, Beef & Poultry Processing: $11.6b
5. Commercial Banking: $10.7b
6. New Car Dealers: $9.8b
7. Public Schools: $8.3b
8. Oil Drilling & Gas Extraction: $8.2b
9. Paper Bag & Disposable Plastic Product Wholesaling: $7.8b
10. Long-Distance Freight Trucking: $7.5b

Biggest Employers In Arkansas

1. State of Arkansas: 57,000 (4.4%)
2. Walmart: 54,771 (4.2%)
3. Baptist Health: 11,000 (0.9%)
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%)

Small Businesses In Arkansas

Number of Small Businesses 268,244
Percent of bossiness that are small businesses: 99.30%
Number of employees: 496,747
Share of Employment: 47.10%
Number of New Businesses In The Past Year: 11,043
Number of Businesses That Closed In The Past Year: 8,020
Net Change In New Businesses: 3,023

Number of Businesses With No Employees: 218,753
Number of Businesses with 1-19 Employees: 43,524
Number of Businesses with 20-499 Employees: 5,967
Share of Businesses Owned By Women: 43.70%
Share of Businesses Owned By Veterans: 8.40%
Share of Hispanic Owned Businesses: 5.60%
Share of Businesses Owned By Racial Minorities: 13.80%

Fortune 500 Companies In Arkansas

Number of Fortune 500 Headquaters: 4
Biggest Company: Walmart
Biggest Company Type: General Merchandisers
Number of Employees: 2,100,000
Revenue (in millions): $611,289

Taxes In Arkansas

State Corporate Tax Rate:

• 1.00%
• 2.00%
• 3.00%
• 4.80%

State Corporate Tax Rate Brackets:

• $0
• $3,000
• $6,000
• $11,000

State Sales Tax Rate: 6.50%
State Sales Tax Rank (out of 50): 9
Average Local Sales Tax Rate: 2.95%
Max Local Sales Tax Rate: 6.13%
Average Combined Sales Tax Rate: 9.45%
Combined Sales Tax Rank (out of 50): 3

Minimum State Income Tax Rate If You’re Single: 2.00%
Minimum State Income Tax Rate If You’re Married: 2.00%

General Arkansas Population Facts

In civilian labor force, total, percent of population age 16 years+: 57.90%
In civilian labor force, female, percent of population age 16 years+: 53.70%
Share of population which is foreign born: 5.00%
Mean travel time to work (minutes), workers age 16 years+: 22.2

Housing

Number of Housing Units: 1,409,134
Owner-occupied housing unit rate: 66.20%
Median value of owner-occupied housing units: $162,400
Median gross rent per month: $868
Households with a computer: 91.30%
Households with a broadband Internet subscription: 82.40%

Education

High school graduate or higher, percent of persons age 25 years+: 88.20%
Bachelor’s degree or higher, percent of persons age 25 years+: 24.70%

Also See

• Arkansas Registered Agent Services
• Arkansas Secretary of State Business Search
• How To Form an LLC In Arkansas
• Arkansas Bookkeepers & Bookkeeping Services

Sources

• https://en.wikipedia.org/wiki/List_of_U.S._states_and_territories_by_GDP
• https://en.wikipedia.org/wiki/Economy_of_Arkansas
• https://www.ibisworld.com/united-states/economic-profiles/arkansas/
• https://taxfoundation.org/data/all/state/2024-sales-taxes/
• https://taxfoundation.org/data/all/state/state-corporate-income-tax-rates-brackets-2024/
• https://taxfoundation.org/data/all/state/state-income-tax-rates-2024/
• https://advocacy.sba.gov/2023/11/14/2023-small-business-profiles-for-the-states-territories-and-nation/
• https://advocacy.sba.gov/wp-content/uploads/2023/11/2023-Small-Business-Economic-Profile-AR.pdf
• https://www.bls.gov/eag/
• https://www.bls.gov/regions/southwest/arkansas.htm#eag
• https://www.census.gov/quickfacts/fact/table/AR,US/PST045223
• https://www.50pros.com/fortune500