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Changing Composition of North Dakota's Economic Base

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Title: Changing Composition of North Dakota's Economic Base
Author: Leistritz, F. Larry; Vocke, Carlena F.; Coon, Randal C.
Description: From 1959-84, North Dakota's economy grew steadily as measured by personal income and employment numbers. From 1958-82, a dollar's purchasing power increased from $1.1 billion to $7.3 billion. Jobs increased from 246,180 to 320,170 jobs. The state's economy is composed of several components which are responsible for this growth. These changing contributions to the state's economy have widespread implication for socioeconomic planning by both governmental and private sectors. This article brings an analytical approach to the state economic activities. These are discussed. The composition of the state's economic base is broken down for the reader. The most important sector of the agricultural sector for North Dakota economy in 1982 was that of livestock and crop sales. From 1958-82, the state's total economic base increased from $2.6 billion to $5 billion. Energy markets aided in the growth of income for the state, also. Retail trade, business and personally services increased.
Date: 1984
Subject: Economics
Permalink: http://hdl.handle.net/10365/5920

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