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Nevada

Industry

Industry in Nevada is limited but diversified, producing communications equipment, pet food, chemicals, and sprinkler systems, among other products. The total value of shipments by manufacturers in 1997 was $6.7 billion, with the 3rd highest growth rate in the country between 1992 and 1997 (102%).

Earnings of persons employed in Nevada increased from $34.3 billion in 1997 to $37.2 billion in 1998, an increase of 8.5%. The largest industries in 1998 were services, 40.7% of earnings; construction, 11.6%; and state and local government, 10.0%. Of the industries that accounted for at least 5% of earnings in 1998, the slowest growing from 1997 to 1998 was finance, insurance, and real estate (7.0% of earnings in 1998), which increased 6.1%; the fastest was construction, which increased 9.9%.