In 2022, the GDP of North Dakota amounted to around 54.8 billion U.S. dollars. The finance, insurance, real estate, rental, and leasing industry added the most real value to the gross domestic product of the state, totaling around 7.88 billion U.S. dollars. Comparatively, the manufacturing industry contributed around 4.2 U.S. dollars of value to the state's real GDP.
Real value added to the gross domestic product of North Dakota in the United States in 2022, by industry
(in billion chained 2017 U.S. dollars)
Industry
Real value added in billion chained (2017) U.S. dollars
Finance, insurance, real estate, rental, and leasing
7.88
Mining, quarrying, and oil and gas extraction
6.96
Government and government enterprises
6
Educational services, health care, and social assistance
5.05
Manufacturing
4.2
Agriculture, forestry, fishing and hunting
3.89
Wholesale trade
3.84
Professional and business services
3.6
Retail trade
2.87
Transportation and warehousing
2.51
Construction
2.49
Arts, entertainment, recreation, accommodation, and food services
Chained (2017) dollar series are calculated as the product of the chain-type quantity index and the 2017 current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive.
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BEA. (September 30, 2023). Real value added to the gross domestic product of North Dakota in the United States in 2022, by industry (in billion chained 2017 U.S. dollars) [Graph]. In Statista. Retrieved September 11, 2024, from https://www.statista.com/statistics/1065144/north-dakota-real-gdp-by-industry/
BEA. "Real value added to the gross domestic product of North Dakota in the United States in 2022, by industry (in billion chained 2017 U.S. dollars)." Chart. September 30, 2023. Statista. Accessed September 11, 2024. https://www.statista.com/statistics/1065144/north-dakota-real-gdp-by-industry/
BEA. (2023). Real value added to the gross domestic product of North Dakota in the United States in 2022, by industry (in billion chained 2017 U.S. dollars). Statista. Statista Inc.. Accessed: September 11, 2024. https://www.statista.com/statistics/1065144/north-dakota-real-gdp-by-industry/
BEA. "Real Value Added to The Gross Domestic Product of North Dakota in The United States in 2022, by Industry (in Billion Chained 2017 U.S. Dollars)." Statista, Statista Inc., 30 Sep 2023, https://www.statista.com/statistics/1065144/north-dakota-real-gdp-by-industry/
BEA, Real value added to the gross domestic product of North Dakota in the United States in 2022, by industry (in billion chained 2017 U.S. dollars) Statista, https://www.statista.com/statistics/1065144/north-dakota-real-gdp-by-industry/ (last visited September 11, 2024)
Real value added to the gross domestic product of North Dakota in the United States in 2022, by industry (in billion chained 2017 U.S. dollars) [Graph], BEA, September 30, 2023. [Online]. Available: https://www.statista.com/statistics/1065144/north-dakota-real-gdp-by-industry/
