Louisiana Economy

The total gross state product in 2005 for Louisiana was US168 billion, placing it 24th in the nation. Its per capita personal income is US$30,952, ranking 41st in the United States.[7]

The state's principal agricultural outputs include seafood (It is the biggest producer of crawfish in the world), cotton, soybeans, cattle, sugarcane, poultry and eggs, dairy products, and rice. Its industrial outputs include chemical products, petroleum and coal products, food processing, transportation equipment, paper products, and tourism.

Louisiana has 3 personal income tax brackets, ranging from 2% to 6%. The sales tax rate is 4%: a 3.97% Louisiana sales tax and a .03% Louisiana Tourism Promotion District sales tax. Political subdivisions also levy their own sales tax in addition to the state fees. The state also has a use tax, which includes 4% to be distributed by the Department of Revenue to local governments. Property taxes are assessed and collected at the local level.