The current-dollar gross domestic product (GDP) was $27.7 billion for North Dakota in 2007.

The government sector comprised 15 percent of the state’s total GDP. Manufacturing captured 9.5 percent, followed by health care and social assistance (8.6 percent) and real estate, rental and leasing (8.1 percent).

This month’s “Economic Brief,” a monthly publication from the North Dakota State Data Center at North Dakota State University, focuses on state gross domestic product by industry sector.

According to the Bureau of Economic Analysis, gross domestic product by state, considered the state counterpart of the nation’s gross domestic product, is the value added in production by the labor and capital in a state.

When combined, California, Texas and New York captured approximately 30 percent of the total GDP in 2007.

North Dakota, along with South Dakota, Montana, Wyoming and Vermont, each captured 0.2 percent. After adjusting for inflation, North Dakota’s real-dollar GDP grew 3 percent from 2006 to 2007.

“About one-third of the growth can be attributed to two economic sectors in the state, which are mining (including oil and gas extraction) and information,” says Richard Rathge, State Data Center director. “An additional 28 percent of the growth is due to retail trade and durable goods manufacturing. Agriculture only accounted for 3 percent of the growth in real GDP, due largely to high input costs.”

For additional information and methodology regarding GDP, visit http://www.bea.gov/regional/gsp.

NDSU Agriculture Communication