The Montana economy is primarily based on agriculture, with the main activities being ranching and cereal grain farming. In 2019, Montana\u2019s GSP (gross state product) was $47.2 billion. <\/p>\n\n\n\n
The Land of the Shining Mountains has become a hotspot for microbreweries. The state ranks third in the nation in the number of craft breweries per capita. Other significant industries are oil, gas, coal, mining, lumber, health care services, and government sectors.<\/p>\n\n\n\n
Tourism is Montana\u2019s fastest-growing industry, with an average of 13 million annual visitors flocking to the state\u2019s natural attractions, such as the Yellowstone and Glacier National Parks.<\/p>\n\n\n\n
Small businesses (SMBs) are very important to Montana\u2019s economy. More than half of the state\u2019s workforce is employed by small businesses. The rural nature of Montana is one explanation for a high share of small business employment. As a large state with small cities and towns, Montana\u2019s consumers are less concentrated. In a single city, there are a limited number of customers that an accounting firm, coffee shop, or other business can serve.<\/p>\n\n\n\n
Here is a list of statistics of small businesses in the Big Sky Country:<\/p>\n\n\n\n