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==Economy== {{See also|Nevada locations by per capita income}} [[File:Nevada quarter, reverse side, 2006.jpg|thumb|upright|Nevada quarter]] [[File:20080404-Vegas-MGMGrand-Day.jpg|thumb|right|[[MGM Grand Las Vegas|MGM Grand]], with sign promoting it as The City of Entertainment]] [[File:Tahoe.JPG|thumb|Lake Tahoe on the Nevada–California border]] [[File:Goldstrike pit.jpg|thumb|Goldstrike (Post-Betze) Mine in the [[Carlin Trend]], the largest [[Carlin-type deposit]] in the world, containing more than {{convert|35000000|ozt|t}} gold<ref>{{cite web|url=http://minerals.usgs.gov/west/projects/nngd.htm|title=Western Region Gold Deposits (completed project)|first=Dave|last=Frank|access-date=August 17, 2013|archive-url=https://web.archive.org/web/20130607112301/http://minerals.usgs.gov/west/projects/nngd.htm|archive-date=June 7, 2013|url-status=live}}</ref>]] [[File:2013-06-28 15 48 26 Cattle along Deeth-Charleston Road (Elko County Route 747) at the Bruneau River, about 38.6 miles north of Deeth in Elko County, Nevada.jpg|thumb|[[Cattle]] near the [[Bruneau River]] in [[Elko County, Nevada|Elko County]]]] [[File:Washoe County.jpg|thumb|Ranching in [[Washoe County, Nevada|Washoe County]]]] The economy of Nevada is tied to tourism (especially entertainment and gambling related), mining, and cattle ranching. Nevada's industrial outputs are tourism, entertainment, mining, machinery, printing and publishing, food processing, and electric equipment. The Bureau of Economic Analysis<ref>{{cite web |url=https://www.bea.gov/ |title=Bureau of Economic Analysis |publisher=Bea.gov |access-date=January 17, 2013 |archive-url=https://web.archive.org/web/20130116151306/http://www.bea.gov/ |archive-date=January 16, 2013 |url-status=live}}</ref><ref>{{cite web|title=GDP by State|url=http://greyhill.com/gross-state-product|publisher=Greyhill Advisors |access-date=September 23, 2011|archive-url=https://web.archive.org/web/20130113090433/http://greyhill.com/gross-state-product/|archive-date=January 13, 2013|url-status=live}}</ref> estimates Nevada's total state product in 2018 was $170{{spaces}}billion.<ref>{{Cite web |title=GDP and Personal Income |website=Regional Data |publisher=Bureau of Economic Analysis |url=https://apps.bea.gov/iTable/iTable.cfm?0=1200&isuri=1&reqid=70&step=10&1=1&2=200&3=sic&4=1&5=xx&6=-1&7=-1&8=-1&9=70&10=levels#reqid=70&step=10&isuri=1&7003=200&7035=-1&7004=naics&7005=1&7006=xx&7036=-1&7001=1200&7002=1&7090=70&7007=-1&7093=levels |access-date=April 25, 2019 |url-status=live |archive-date=March 29, 2019 |archive-url=https://web.archive.org/web/20190329234329/https://apps.bea.gov/iTable/iTable.cfm?0=1200&isuri=1&reqid=70&step=10&1=1&2=200&3=sic&4=1&5=xx&6=-1&7=-1&8=-1&9=70&10=levels#reqid=70&step=10&isuri=1&7003=200&7035=-1&7004=naics&7005=1&7006=xx&7036=-1&7001=1200&7002=1&7090=70&7007=-1&7093=levels}}</ref> The state's [[List of U.S. states by GDP per capita (nominal)|per capita personal income]] in 2020 was $53,635, ranking 31st in the nation.<ref>{{cite web |title=Per Capita Personal Income by State, Annual |url=https://fred.stlouisfed.org/release/tables?rid=110&eid=257197 |website=FRED |publisher=Federal Reserve Bank of St. Louis |access-date=July 13, 2021 |location=St. Louis, MO |archive-date=July 13, 2021 |archive-url=https://web.archive.org/web/20210713163153/https://fred.stlouisfed.org/release/tables?rid=110&eid=257197 |url-status=live }}</ref> Nevada's state debt in 2012 was calculated to be $7.5{{spaces}}billion, or $3,100 per taxpayer.<ref>{{cite web |url=http://www.statedatalab.org/library/doclib/NV-2012-1.pdf |website=statedatalab.org |title="The 34th worst state" Truth in Accounting |access-date=July 27, 2014 |url-status=live |archive-date=August 10, 2014 |archive-url=https://web.archive.org/web/20140810170050/http://www.statedatalab.org/library/doclib/NV-2012-1.pdf}}</ref> As of May 2021, the state's unemployment rate was 7.8%.<ref>{{cite web |title=Nevada Economy at a Glance |url=https://www.bls.gov/eag/eag.nv.htm |website=U.S. Bureau of Labor Statistics |publisher=United States Department of Labor |access-date=July 13, 2021 |archive-date=July 13, 2021 |archive-url=https://web.archive.org/web/20210713163202/https://www.bls.gov/eag/eag.nv.htm |url-status=live }}</ref> {{Further|Las Vegas Global Economic Alliance}} ===Mining=== {{Main|Gold mining in Nevada|Silver mining in Nevada}} In portions of the state outside of the Las Vegas and Reno metropolitan areas mining plays a major economic role. By value, gold is by far the most important mineral mined. In 2022, {{convert|4040000|ozt|MT}} of gold worth $7.3{{spaces}}billion were mined in Nevada, and the state accounted for 4% of world gold production. Other minerals mined in Nevada include construction aggregates, copper, gypsum, diatomite and lithium.<ref>{{cite news |last1=Harding |first1=Adella |date=17 August 2023 |title=Gold Production in Nevada slips in 2022 |url=https://elkodaily.com/news/local/business/mining/gold-production-in-nevada-slips-in-2022/article_f355ac2c-3d3d-11ee-a6ed-3b77f41a100e.html |url-status=live |archive-url=https://web.archive.org/web/20231126063035/http://elkodaily.com/news/local/business/mining/gold-production-in-nevada-slips-in-2022/article_f355ac2c-3d3d-11ee-a6ed-3b77f41a100e.html |archive-date=26 November 2023 |access-date=26 November 2023 |work=Elko Daily Free Press}}</ref><ref name="usgs 2023">{{cite book |first=Kristin N. |last=Sheaffer |title=Mineral Commodity Summaries 2023 |date=31 January 2023 |publisher=U.S. Geological Survey |location=Reston, Virginia |isbn=978-1-4113-4504-1 |pages=80–81 |url=https://pubs.usgs.gov/periodicals/mcs2023/mcs2023.pdf |access-date=26 November 2023}}</ref> Despite its rich deposits, the cost of mining in Nevada is generally high, and output is very sensitive to world commodity prices. ===Cattle ranching=== Cattle ranching is a major economic activity in rural Nevada.<ref>{{Cite news |last=Robison |first=Jennifer |date=May 3, 2014 |title=Before mining and gambling, ranching shaped Nevada's culture |url=https://www.reviewjournal.com/news/before-mining-and-gambling-ranching-shaped-nevadas-culture/ |url-status=live |archive-url=https://web.archive.org/web/20241229090350/https://www.reviewjournal.com/news/before-mining-and-gambling-ranching-shaped-nevadas-culture/ |archive-date=December 29, 2024 |work=[[Las Vegas Review-Journal]]}}</ref> Nevada's agricultural outputs are cattle, hay, alfalfa, dairy products, onions, and potatoes. In 2020, there were an estimated 438,511 head of cattle and 71,699 head of sheep in Nevada.<ref name=":0">{{Cite report |url=https://www.nass.usda.gov/Publications/AgCensus/2022/Online_Resources/County_Profiles/Nevada/cp99032.pdf |title=Census of Agriculture State Profile: Nevada |last=National Agricultural Statistics Service |date=2022 |publisher=[[United States Department of Agriculture]] |location=Washington, D.C. |archive-url=https://web.archive.org/web/20240404225404/https://www.nass.usda.gov/Publications/AgCensus/2022/Online_Resources/County_Profiles/Nevada/cp99032.pdf |archive-date=2024-04-04 |url-status=live}}</ref> Most of these animals forage on [[rangeland]] in the summer, with supplemental feed in the winter. Calves are generally shipped to out-of-state [[feedlot]]s in the fall to be fattened for the market. Over 90% of Nevada's {{convert|653,891|acre}} of cropland is used to grow [[hay]], mostly alfalfa, for livestock feed.<ref name=":0" /> ===Largest employers=== The largest employers in the state, as of the first fiscal quarter of 2011, are the following, according to the Nevada Department of Employment, Training and Rehabilitation:<ref>"[http://www.nevadaworkforce.com/admin/uploadedPublications/2545_State_of_Nevada.xls Nevada's Largest Employers{{snd}}Statewide] {{webarchive|url=https://web.archive.org/web/20120425071124/http://www.nevadaworkforce.com/admin/uploadedPublications/2545_State_of_Nevada.xls |date=April 25, 2012 }}." Nevada Workforce Informer. Nevada Department of Employment, Training and Rehabilitation.</ref> {| class="wikitable" |- ! Rank ! Employer |- | 1 | [[Clark County School District]] |- | 2 | [[Washoe County School District]] |- | 3 | [[Clark County, Nevada|Clark County]] |- | 4 | [[Wynn Las Vegas]] |- | 5 | [[Bellagio LLC]] |- | 6 | [[MGM Grand Las Vegas|MGM Grand Hotel/Casino]] |- | 7 | [[Aria Resort & Casino LLC]] |- | 8 | [[Mandalay Bay Resort and Casino]] |- | 9 | [[Las Vegas Metropolitan Police Department]] |- | 10 | [[Caesars Palace]] |- | 11 | [[University of Nevada, Las Vegas]] |- | 12 | [[The Venetian Casino Resort]] |- | 13 | [[The Cosmopolitan of Las Vegas]] |- | 14 | [[The Mirage Casino-Hotel]] |- | 15 | [[University of Nevada, Reno]] |- | 16 | [[University Medical Center of Southern Nevada]] |- | 17 | [[The Palazzo Casino Resort]] |- | 18 | [[Flamingo Las Vegas Operating Company LLC]] |- | 19 | [[Encore Las Vegas]] |- | 20 | [[Luxor Las Vegas]] |}
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