Mining & Ag GDP Shares in North Dakota
Many times people asked me about the relative importance of the agriculture sector and the mining sector so I thought I would show some current data. Now the coal industry output remains almost the same over this time frame, so the oil sector is responsible for the growth. The data run from 2005Q1 to 2015Q3 and the lines display each sector as a share of total GDP (private and public sector).
The rise of the energy sector over the last decade is pretty clear, as well as the harder times hating agriculture right now. It is a pretty steep decline for the mining sector, again due almost completely to the slowdown in the oil industry. Despite that decline it is still the case that currently, a large gap exists between mining and agriculture in terms of their direct contribution into state GDP.