So the BEA release (follow this link to the data) this week revealed a large decline in North Dakota GDP from 2014 to 2015. Not a real surprise. As a minor note, I prefer to use the quarterly data instead of the annual data, not because it tells a very different story, but there are some distinctions. That is what I will be using in this discussion. I am also looking at the real GDP data to control for inflation changes over this time.
Thinking about ND GDP
