s in
Traill County, North Dakota Agriculture is North Dakota's largest industry, although petroleum,
food processing, and technology are also major industries. Its growth rate is about 4.1%. According to the
U.S. Bureau of Economic Analysis the economy of North Dakota had a gross domestic product of $81.883 billion in 2025. North Dakota's per capita personal income in 2025 was $75,157. The three-year
median household income from 2013 to 2017 was $61,285. In 2025, 98.8% of businesses in North Dakota were
small businesses, and employed 57.6% of the state's work force. According to
Gallup data, North Dakota led the U.S. in job creation in 2013 and has done so since 2009. The state has a
Job Creation Index score of 40, nearly 10 points ahead of its nearest competitors. North Dakota has added 56,600 private-sector jobs since 2011, creating an annual growth rate of 7.32 percent. According to statistics released in December 2020, by the
Bureau of Economic Analysis, North Dakota had the highest rate of annual growth in personal consumption expenditures of all 50 states, from 2009 to 2018. During this time period, annual nominal personal income growth averaged 6% per year, compared to the U.S. average of 4.4%. North Dakota's personal income growth is tied to various private business sectors such as agriculture, energy development, and construction. North Dakota also had the highest growth in personal expenditures on housing and utilities of all states, reflecting the sharply increased demand for housing in the 2010s. Just over 21% of North Dakota's total 2013 gross domestic product (GDP) of $49.77 billion comes from natural resources and mining. North Dakota is the only state with a
state-owned bank, the
Bank of North Dakota in
Bismarck, and a state-owned
flour mill, the
North Dakota Mill and Elevator in
Grand Forks. These were established by the NPL before World War II. As of 2012, Fargo is home to the second-largest campus of
Microsoft with 1,700 employees, and
Amazon.com employs several hundred in Grand Forks. , the state's
unemployment rate was 2.5%. With the exception of a five-month period in 2020, the unemployment rate remained below five percent each month since 1987. At end of 2010, the state per capita income was ranked 17th in the nation, the biggest increase of any state in a decade from rank 38th. The reduction in the unemployment rate and growth in per capita income is attributable to the
oil boom in the state. Since 1976, the highest that North Dakota's unemployment rate has reached is just 6.2%, recorded in 1983. Every U.S. state except neighboring South Dakota has had a higher unemployment rate during that period.
Agriculture North Dakota's earliest industries were
fur trading and agriculture. Although less than 10% of the population is employed in the agricultural sector, it remains a major part of the state's economy. With industrial-scale farming, it ranks 9th in the nation in the value of crops and 18th in total value of agricultural products sold. Large farms generate the most crops. The share of people in the state employed in agriculture is comparatively high: , only two to three percent of the population of the United States is directly employed in agriculture. North Dakota has about 90% of its land area in farms with of cropland, the third-largest amount in the nation. Between 2002 and 2007, total cropland increased by about a million acres (4,000 km2); North Dakota was the only state showing an increase. Over the same period, were shifted into soybean and corn monoculture production, the largest such shift in the United States. Agriculturalists are concerned about too much monoculture, as it makes the economy at risk from insect or crop diseases affecting a major crop. In addition, this development has adversely affected habitats of wildlife and birds, and the balance of the ecosystem. The state is the largest producer in the U.S. of many cereal grains, including
barley (36% of U.S. crop),
durum wheat (58%), hard red spring wheat (48%),
oats (17%), and combined wheat of all types (15%). It is the second leading producer of
buckwheat (20%). , corn became the state's largest crop produced, although it is only 2% of total U.S. production. In North Dakota soybeans have to mature fast, because of the comparatively short
growing season. Soybeans are grown for livestock feed. North Dakota is the second leading producer of
sugarbeets, which are grown mostly in the
Red River Valley. The state is also the largest producer of honey, dry edible peas and beans,
lentils, and the third-largest producer of potatoes.
Energy in western North Dakota The
energy industry is a major contributor to the economy. North Dakota has both coal and oil reserves. On average, the state's production of oil production grew at average annual rate of 48.4% from 2009 to 2018. During these years, oil production increased each year from 2009 to 2015, with 2016 marked by a slight decline and a return to growth since. In 2009, North Dakota had the second largest lignite coal production in the U.S.
Lignite coal is the lowest grade coal (latent high moisture content and low energy density). There are larger and higher grade coal reserves (
anthracite,
bituminous coal and
subbituminous coal) in other U.S. states. Oil was discovered near
Tioga in 1951, generating of oil a year by 1984. Recoverable oil reserves have jumped dramatically recently. The oil reserves of the
Bakken Formation may hold up to of oil, 25 times larger than the reserves in the
Arctic National Wildlife Refuge. A report issued in April 2008 by the
U.S. Geological Survey estimated the oil recoverable by current technology in the Bakken formation is two orders of magnitude less, in the range of to , with a mean of . The northwestern part of the state has been the center of the
North Dakota oil boom. The
Williston,
Tioga,
Stanley and
Minot-
Burlington communities are having rapid growth that strains housing and local services. , the state is the 2nd-largest oil producer in the U.S., with an average of per day while producing per day of natural gas for a total of of oil equivalent (
BOE). The
Great Plains region, which includes the state of North Dakota, has been referred to as "the Saudi Arabia of
wind energy". There, wind speeds seldom go below .
Tourism North Dakota is considered the least visited state, owing, in part, to its not having a major tourist attraction. Nonetheless, tourism is North Dakota's third largest industry, contributing more than $3 billion into the state's economy annually. Outdoor attractions such as the 144-mile (232 km)
Maah Daah Hey Trail and activities such as fishing and hunting attract visitors. The state is known for the Lewis & Clark Trail and being the winter camp of the Corps of Discovery. Areas popular with visitors include
Theodore Roosevelt National Park in the western part of the state. In 2024, the park received 732,000 recreational visitors. Regular events in the state that attract tourists include
Norsk Høstfest in
Minot, billed (as of 2006) as North America's largest
Scandinavian festival; the
Medora Musical; and the
North Dakota State Fair. The state also receives a significant number of visitors from the neighboring Canadian provinces of Manitoba and Saskatchewan, particularly when the exchange rate is favorable. International tourists have also come to visit the
Oscar-Zero Missile Alert Facility.
Health care North Dakota has one level-I
trauma center, six level-II trauma centers, 44
hospitals, 52 rural health
clinics, and 80
nursing homes. Major provider networks include
Sanford,
St. Alexius,
Trinity, and
Altru.
Blue Cross Blue Shield of North Dakota is the largest medical insurer in the state. North Dakota expanded
Medicaid in 2014, and its
health insurance exchange is the federal site,
HealthCare.gov. North Dakota law requires pharmacies, other than hospital dispensaries and pre-existing stores, to be majority-owned by pharmacists. Voters rejected a proposal to change the law in 2014. ==Culture==