The Bureau of Economic Analysis estimates that Nevada’s total state product in 2003 was $88 billion. Per capita personal income in 2003 was $31,910, 19th in the nation. Its agricultural outputs are cattle, hay, dairy products, onions and potatoes. Its industrial outputs are tourism, mining, machinery, printing and publishing, food processing, and electric equipment. It is well-known for gambling and nightlife. Large, luxurious casinos in Las Vegas, Lake Tahoe and Reno attract visitors from around the world.

Mines control a large percentage of Nevada’s economy. Gold from the Carlin Trend in Northern Nevada is the second richest mining area in the world. Gold isn’t the only mineral found in Nevada but other minerals, such as copper, molybdenum, and lithium, are also mined.

Nevada is also one of only a few states with no personal income tax. The state sales tax in Nevada is 6.5 percent. Counties can assess option taxes as well, making the combined state/county sales taxes rate in some areas as high as 7.5 percent.