Report: Oil and gas biggest part of N.D. economy


North Dakota’s largest industry is oil and gas, according to a recent survey by financial news website 24/7 Wall Street.

In a recent examination of the top industries in each of the 50 states, the website found that the oil and gas industry contributes nearly 7 percent of North Dakota’s gross domestic product, or GDP.

That translates to $3.2 billion every year.

“In the last five years, North Dakota’s oil and gas extraction industry has grown by over 150%,”24/7 Wall Street reports. “Over the same period, North Dakota’s total GDP shot up 24.1%, the strongest economic growth of any state and more than double the GDP growth of 10.5% nationwide.”

The website also reports that the average salary in North Dakota’s oil and gas industry is $120,405.

You can read the full report here and the North Dakota report here.

Copyright 2021 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Latest Local Sports News

More Local Sports

Latest State News

See More State News

Latest National News

More National News


More Don't Miss

KX News Trending Stories