ECONOMY IN SOUTH DAKOTA

  • In 2015, South Dakota ranked 21st among the 50 states for economic output per working age adult, at $76,637. This compared to No. 1 North Dakota, at $103,579, No. 50 Mississippi, at $50,418, and the national average, at $77,334.

  • South Dakota's tourism tax is on the upswing, going from $732 million in 2014 to $736 million in 2015. (Inflation adjusted figures are used based on 2015 dollars.) South Dakota's tourism tax revenue has continued to increase year over year since 2011. 

  • South Dakota's gross sales decreased slightly in 2015 to $68.3 billion, down from $68.3 billion, down from $68.9 billion (inflation adjusted dollars) in 2014. The state's gross sales growth had been growing steadily since 2002, with 2008 and 2012 being the exceptions. 

  • Jobs in South Dakota resumed modest annual growth in 2011 after the state shed jobs in 2009 and 2010. Jobs in the Rushmore state hit an all-time high in 2015 at 428,100. The figures exclude the self-employed as well as agriculture, domestic and military workers.

Personal income grew by just 0.4 percent in South Dakota during the second quarter of 2017, according to a recent release from the Bureau of Economic Analysis. South Dakota lagged…
Both Rapid City and Sioux Falls made modest gains in economic growth in 2016, according to recently released figures from the Bureau of Economic Analysis. Rapid City’s economy grew by…
Agriculture is one of the largest and most important industries in South Dakota, contributing $25.6 billion toward the economy and employing 115,000 people, according to Ag Week. Recognizing the importance…
Real gross domestic product (GDP) in South Dakota declined by 3.8 percent in the first quarter of 2017, according to recently released data by the Bureau of Economic Analysis. With…
Individuals earning a minimum wage in South Dakota must work 51 hours per week in order to afford a one-bedroom apartment in South Dakota, according to a recent report by…
Real personal income in Sioux Falls grew faster than in all but three other metropolitan areas in the country in 2015, according to data released this week by the US…
The economy grew faster in South Dakota than in the United States as a whole, according to a recent release from the US Bureau of Economic Analysis. Real gross domestic product (GDP)…
The South Dakota economy grew by 1.1 percent ranking the state 38th in the nation for real gross domestic product (GDP) growth, according to a recent release by the Bureau…
In 2016, South Dakota the total number of nonfarm jobs increased by 1.0 percent, according to a release from the South Dakota Department of Labor and Revenue. An additional 4,400…
South Dakota had the fastest growing economy in the nation during the third quarter of 2016, according to the U.S. Bureau of Economic Analysis. The Rushmore State’s gross domestic product (GDP)…
Page 1 of 7

525 University Loop, Suite 202
Rapid City, SD 57701
(605) 716-0058   [email protected]