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Economic Summary of North Dakota

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The GDP for North Dakota was $46 billion[1]. North Dakota had an estimated population of 699 thousand in 2012[2]. The GDP per capita was $55,250 in 2012[3].

Counties

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There are 53 counties in North Dakota. Below are the top ten localities ranked by population in 2010.[4]

Rank Locality Population 2010
1 Cass 149,778
2 Burleigh 81,308
3 Grand Forks 66,861
4 Ward 61,675
5 Morton 27,471
6 Stark 24,199
7 Williams 22,398
8 Stutsman 21,100
9 Richland 16,321
10 Rolette 13,937

Cities

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Top 10 cities in North Dakota by estimated city proper population in 2012.[5]

Rank City Locality Population 2010
1 Fargo 105,549
2 Bismark 61,272
3 Grand Forks 52,838
4 Minot 40,888
5 West Fargo 25,830
6 Mandan 18,331
7 Dickinson 17,787
8 Jamestown 15,427
9 Williston 14,716
10 Wahpeton 7,766

Industries

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North Dakota industries by GDP 2012.[6]

Industry GDP value added $ billions 2012 % of total GDP
Government 5.19 11.28%
Real estate and rental leasing 4.75 10.32%
Mining 4.43 9.63%
Wholesale trade 3.79 8.24%
Agriculture, forestry, fishing and hunting 3.63 7.89%
Health care and social assistance 3.28 7.13%
Finance and insurance 2.91 6.32%
Retail trade 2.74 5.95%
Construction 2.40 5.22%
Transportation and warehousing 2.82 6.13%
Durable manufacturing 1.70 3.69%
Professional, scientific, and technical services 1.53 3.32%
Non-durable manufacturing 1.34 2.91%
Accommodation and food services 1.14 2.48%
Information 1.11 2.41%
Utilities 1.02 2.21%
Other private services 0.86 1.87%
Administrative and waste support services 0.67 1.46%
Management of companies and enterprises 0.44 0.96%
Arts, entertainment, and recreation 0.14 0.30%
Educational services 0.13 0.28%
Total 46.02 100%

Employment

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North Dakota employment by industry in June 2013.[7]

Industry Employment thousands June 2013 Percent of total employment
Trade, transportation and utilities 98.5 22.24%
Government 80.8 18.24%
Education & health services 58.2 13.14%
Leisure & hospitality 38.0 8.58%
Professional & business services 34.7 7.83%
Construction 32.1 7.25%
Mining and logging 29.5 6.66%
Manufacturing 25.5 5.76%
Financial activities 22.9 5.17%
Other services 15.8 3.57%
Information 6.9 1.56%
Total non-farm 442.9 100%

Corporations

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Top 10 North Dakota based corporations by revenue in 2012[8]

There are no Fortune 500 companies in North Dakota. No companies had a revenue over 4.77 billion in 2012.

Rank Corporation Revenue $ millions 2012 Profit $ millions 2012 Assets 2012 Debt Ratio 2012 Headquarters Employees 2012 Market cap 3/29/12 $ billions Industry
1
2
3
4
5
6
7
8
9
10

Government Finances

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In 2011, the state government of North Dakota had total revenue of _____ billion. Total expenditures were _____ billion.[9]

The total debt outstanding in 2011 was _____ billion[10] (____% of GDP[11]).

The total cash and security holdings in 2011 was _____ billion[12].

Revenue by Source $ millions Percent of revenue
Intergovernmental revenue from Federal Government
Intergovernmental revenue from local governments
Property taxes
Sales and gross receipts
Individual income tax
Corporate income tax
Motor vehicle license
Other taxes
Charges and miscellaneous general revenue
Utility revenue
Liquor store revenue
Insurance trust revenue
Total 100%
Expenditure $ millions Percent of expenditure
Intergovernmental expenditure
Education
Libraries
Public welfare
Hospitals
Health
Employment security administration
Veterans' services
Highways
Air transport
Parking facilities
Sea and inland port facilities
Police protection
Fire protection
Correction
Protective inspection and regulation
Natural resources
Parks and recreation
Housing and community development
Sewerage
Solid waste management
Financial administration
Judicial and legal
General public buildings
Other governmental administration
Interest on general debt
Miscellaneous commercial activities
Other and unallocable
Utility expenditure
Liquor store expenditure
Insurance trust expenditure
Total 100%

Financial Institutions

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Top ten banks by assets in North Dakota

Rank Bank Assets $ millions Profit $ millions _____ Headquarters Employees
1
2
3
4
5
6
7
8
9
10

References

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http://meta.wikimedia.org/wiki/Global_Economic_Map