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Montana's economy is predominantly driven by agriculture, including ranching and cereal grain farming such as wheat, alongside energy production from oil, gas, and coal in the eastern regions, while the western areas focus on forestry like lumber, tourism, and hard rock mining encompassing gold, silver, copper, and other minerals. In recent years, tourism has emerged as the fastest-growing sector, with over 12 million annual visitors contributing significantly to the state's economy through attractions like Glacier National Park, which saw 3.2 million visitors in 2024, the Little Bighorn Battlefield National Monument with approximately 227,000 visitors in recent data, and Montana's three entrances to Yellowstone National Park, which hosted a total of 4.7 million visitors park-wide in 2024. Since achieving statehood on November 8, 1889, Montana has witnessed substantial growth in its small business sector, now exceeding 141,000 establishments as of the latest 2025 data from the U.S. Small Business Administration.
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