|FOR IMMEDIATE RELEASE||Contact: Rick Clayburgh, Tax Commissioner 701-328-2770|
|May 14, 2001||Kathy Strombeck, Research Analyst 701-328-3402|
North Dakota Taxable Sales and Purchases Remain Stable in 2000
BISMARCK ---Tax Commissioner Rick Clayburgh released a key statistical report today that shows total taxable goods and services for the year 2000 remained stable. Taxable sales and purchases exceeded $6.826 billion as compared to $6.869 billion for 1999, a drop of less than one percent.
“Overall, this is a positive report that shows the resilience of North Dakota’s diverse economy,” said Clayburgh.
The recent upward spike in oil prompted the mining and oil extraction sector to rise 40.4 percent during 2000 when compared to taxable sales and purchases for 1999. Transportation, communication and public utilities increased by 8.4 percent, and wholesale trade rose almost 5 percent. As expected, retail trade grew slowly, up 1.3 percent, and services rose 1.2 percent during 2000.
Clayburgh was pleased to see growth in the wholesale trade industry which includes a 15 percent increase in sales of farm machinery and farm repair parts.
“Farming is the backbone of our state’s economy and our office continues to watch closely for signs that the farming economy is improving,” said Commissioner Clayburgh.
Taxable sales and purchases declined during 2000 in two sectors – construction and manufacturing down 45.6 percent and 8.7 percent respectively compared to 1999. Clayburgh attributed the drop in construction to the completion of a large one-time project during 2000.
“The decline was largely expected,” said Clayburgh, “Once the unusually high construction statistics are factored out the numbers will level off.” Clayburgh added that 2000 taxable sales and purchases in the construction sector, at $223.6 million, remained level when compared to a more typical year, such as 1998 which recorded $223.5 million.
Included in the annual report are statistics from the state’s 200 largest cities. Davenport was the city with the largest increase in 2000 total taxable sales and purchases, up 68 percent. Other cities reporting increases include Noonan, up 51.9 percent; Wimbledon, up 46.4 percent; and Osnabrock up 45 percent.
The 2000 report also shows taxable sales and purchases for each of the state’s 53 counties. Williams County led all counties with increases in 2000, with a 21.3 percent growth over 1999. Logan County was next, increasing by 20.2 percent; and Sioux County was up 18.2 percent. The counties registering the sharpest decline were Nelson County with a drop of 11 percent; followed by Mercer County down 10.7 percent.
The complete North Dakota Sales and Use Tax Statistical Report for 2000 can be accessed on the Office of State Tax Commissioner’s website: www.nd.gov/tax