Healthcare is Louisiana’s biggest employer. Traditional and emerging industries are growing in Louisiana. Louisiana has the highest number of oil refineries per capita in the United States and is the third biggest producer of petroleum. This state also produces a fourth of gas in the United States. Louisiana's major industries Agriculture, production of sugar cane, rice, soybeans and cotton; manufacturing industries, including chemicals, paper and shipbuilding and oil and gas extraction. The average worker in these industries makes $69,000 per year, around 75% more than the average employee in the state. Agriculture is a major part of Louisiana’s economy. For comparison, the overall average salary for healthcare in the United States is nearly $42,000. While any economic growth is a good sign, Louisiana is actually falling behind most other states. 25% of seafood consumed in the United States comes from Louisiana, which can produce up to two billion pounds of fish per year. Louisiana is strategically located, making the state a prime environment for natural resource production and agriculture. The only state whose GDP did not grow in 2018 was Alaska, which experienced a 0.3% reduction in GDP. Oil and coal production combined generated close to $16 billion and accounted for 7.5% of the state’s total GDP in 2016. A quarter of all seafood consumed in the United States is fished from Louisiana waters. The state is the second largest producer in the country of both sugarcane and sweet potatoes. An incredible 112,000 miles of gas pipelines run through Louisiana, allowing this valuable resource to be sent all over the country. The Hayes Companies… A highly productive and motivated workforce, low taxes, unrivaled infrastructure and logistics, a pro-business climate and the nation's best workforce recruitment and training program provide a competitive advantage. Louisiana has the highest number of oil refineries per capita in the United States and is the third biggest producer of petroleum. How Much of Louisiana Is Below Sea Level? The Smallest Countries In The World By Total Land Area, Biggest Stadiums in The World By Capacity. VOTE NOW: … Oil and gas are also the highest paying jobs in Louisiana. Percentage of the civilian employed population aged 16 and older. Industries in Louisiana (State) Industry#1. From 2017 to 2018, Louisiana’s GDP grew 1.1%. Oil, natural gas, commercial fishing, chemicals, and agriculture are five industries that are a vital part of the state. All maps, graphics, flags, photos and original descriptions © 2020 worldatlas.com. Louisiana is strategically located, making the state a prime environment for natural resource production and agriculture. It is the biggest producer of shrimp in the entire country, but catfish, crayfish, and oysters are also major commodities, contributing to $331 in annual revenue from fishing. Louisiana is home to the highest number of oil refineries per capita in the United States. Why Does Louisiana Have Parishes Instead of Counties? The GDP of Louisiana is $255 billion as of 2018, the 24th largest of all 50 states. In addition to processing a large portion of the crude oil in the United States, Louisiana is home to the Louisiana Offshore Oil Port, t… Oil, natural gas, commercial fishing, chemicals, and agriculture are five industries that are a vital part of the state’s economy. Oil and coal production combined generated close to $16 billion and accounted for 7.5% of the state’s total GDP in 2016. Scope: population of the United States and Louisiana. Louisiana’s annual gross domestic product is $257 billion. Is North America And South America One Continent? In fact, the state accounts for a fifth of the entire country’s oil refining capacity, processing more than three million barrels of oil each day. With an ideal geographic location on the waters of the Gulf of Mexico and a workforce of more than two million people, Louisiana is able to produce a large quantity of domestic products from oil to fish. Louisiana’s geographical position on the Gulf of Mexico makes commercial fishing one of the top industries for the state. In addition to processing a large portion of the crude oil in the United States, Louisiana is home to the Louisiana Offshore Oil Port, the only port of its kind in the country and the entry point for the majority of foreign oil that comes to the U.S. Oil isn’t the only energy-related industry that contributes to Louisiana’s GDP. Louisiana's fishing industry is well developed, known as the world capital of crayfish. The remaining 40% comes from livestock, mostly cattle and calves. However, salaries are fairly low; the average healthcare worker in Louisiana makes just $37,000 annually, approximately 10% less than the average state income of $41,000. By Lisa Melillo on February 27 2020 in World Facts. This GDP growth is lower than 40 of the 50 U.S. states. 14.5% of working-age adults in the state are employed by the healthcare industry, accounting for 293,000 people in total. 60% of agricultural revenue comes from crops; other products include rice, soybeans, cotton, corn, and tomatoes.