Alabama is one of the few states in the nation to achieve a sizeable budget surplus, obtaining one of almost $1.2 billion in 2007. It has grown to the nation’s second leading producer of automobiles behind Detroit, Michigan. The automobile industry has expanded to provide over 67,000 jobs in Alabama since 1993, and is projected to continue growing.
Alabama’s primary agricultural contributions include, poultry, cattle, dairy, cotton, peanuts, peaches and various grains. It ranks between 8th and 10th among the nation’s leading producers of cotton. Other outputs include iron, steel, lumber and various related products. Aerospace and electronics are also important to the southern state’s economy. )
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