Louisiana State Facts & Information

As of 2024, Louisiana has a population of 4,573,749 people. The state's labor force participation rate is 58.6%, with employment levels forecasted at approximately 1.99 million workers for 2024.

Governor Jeff Landry, a Republican, currently serves as Louisiana's governor. Under his administration, the state continues to focus on economic development, infrastructure improvements, and tax policy reforms.

Louisiana's real GDP (inflation-adjusted) was approximately $256.4 billion in 2024, with a nominal GDP of $329.2 billion. The state's GDP per capita is $55,771, ranking 38th highest among all 50 states, representing a 2.9% increase from 2023.

Manufacturing is the largest contributor to Louisiana's economy, generating $45.3 billion in 2024. This is followed by real estate, rental, and leasing ($29.9 billion) and government ($28.5 billion). Louisiana has a strong presence in petrochemical manufacturing, oil and gas production, agriculture, and maritime commerce due to its strategic Gulf Coast location.

As of May 2024, Louisiana's unemployment rate was 4.1%. The state's labor market continues to recover and adapt to changing economic conditions, with employment opportunities across diverse sectors including energy, manufacturing, tourism, and services.

Louisiana has a top corporate tax rate of 7.5% and a top individual income tax rate of 4.25%. The state's bond rating from Moody's is Aa2 (Stable) and from S&P is AA (Stable), reflecting the state's financial stability and creditworthiness.

Louisiana provides comprehensive government resources through its official state portal at louisiana.gov. Residents can access the State Library of Louisiana, Louisiana Lottery, education resources through colleges and trade schools, business support services, healthcare facilities, legal resources, and tourism information. Services are available across all 64 parishes (counties).

Louisiana ranked 47th in CNBC's 2024 Top States for Business study. However, the state offers unique advantages including strategic Gulf Coast access for international trade, a robust petrochemical industry, competitive tax rates, and a diverse economy spanning energy, agriculture, tourism, and manufacturing. The state's GDP per capita of $55,771 ranks 38th nationally.