Narragansett Bay is famous for its sailboats and yachts. The America's Cup yacht race has been held in Newport several times, beginning in 1930 and most recently in 1983. The state also has many historic attractions. In spite of this, many of the products for which Rhode Island is famous are still being manufactured. These include jewelry, silverware, textiles, primary and fabricated metals, machinery, electrical equipment, and rubber and plastic items.
Tourism is also important.
Agriculture is relatively unimportant to the economy. Most of the farmland is used for dairying and poultry raising, and the state is known for its Rhode Island Red chickens. Principal crops are nursery and greenhouse items. Commercial fishing is an important but declining industry. Naval facilities at Newport contribute to the state's income.