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Tax Commissioner Reports Strong Taxable Sales and Purchases Growth

Wednesday, December 17, 2014

Contact: Kathy Strombeck, Supervisor, Research & Communications, 701.328.3402
Jen Raab, Public Information Officer, 701.328.3039

BISMARCK, N.D. – Tax Commissioner Ryan Rauschenberger announced today a strong increase of North Dakota's taxable sales and purchases for the third quarter of 2014, which includes July, August and September. The taxable sales and purchases for the third quarter of 2014 were $7.674 billion, up $715 million from the third quarter in 2013, an increase of 10.28%.

"North Dakota continues to shine nationally," said Rauschenberger. "Personal income, population and labor force are just a few of the areas North Dakota has experienced extraordinary growth, and even top national rankings. Through third quarter 2014, North Dakota has also experienced solid taxable sales and purchases growth."

Twelve of the 15 major sectors reported taxable sales and purchases gains when compared to the third quarter a year ago. Most notably, the mining and oil extraction sector increased by $226.2 million (a 19.62% increase), the wholesale trade sector increased by $242 million (a 13.54% increase), the accommodation and food services sector increased by more than $44.3 million (a 9.23% increase) and the retail trade sector increased by $78 million (a 4.5% increase).

"There was solid growth during the third quarter in retail trade, one of the largest sectors," said Rauschenberger. "Preliminary information indicates that retail has also been strong heading into this holiday season."

Of the 50 largest cities in North Dakota, the highest percent increases for the third quarter of 2014 (compared to the third quarter of 2013) were as follows:

  • Watford City – Increase of 41.32 percent
  • New Town – Increase of 30.31 percent
  • Beach – Increase of 22.78 percent
  • Dickinson – Increase of 20.78 percent
  • Stanley – Increase of 18.41 percent

Counties with the highest percent increases for the third quarter of 2014 (compared to the third quarter of 2013) were as follows:

  • Dunn County – Increase of 61.67 percent
  • Billings County – Increase of 51.4 percent
  • Sioux County – Increase of 51.04 percent
  • McKenzie County – Increase of 38.32 percent
  • Golden Valley County – Increase of 24.39 percent

Complete North Dakota Sales and Use Tax Statistical Reports from the Third Quarter 2014 can be accessed on the web at www.nd.gov/tax.

Taxpayers can stay up-to-date on North Dakota tax-related matters by visiting the Tax Department's website at www.nd.gov/tax or connecting with the Tax Department on Facebook, Twitter, LinkedIn and YouTube.

# # #

2014 Third Quarter Sales and Use Statistical Report - (pdf)
Third Quarter Graphs - (pdf)

The first graph compares North Dakota's taxable sales and purchases for the third quarter for 2010, 2011, 2012, 2013 and 2014.
The second graph compares North Dakota's taxable sales and purchases for all quarters for 2010, 2011, 2012, 2013 and the quarters available in 2014.

nd.gov - The Official Portal for North Dakota State Government
North Dakota: Legendary. Follow the trail of legends

Ryan Rauschenberger
Tax Commissioner
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News

Sign up to receive new releases via email.  Select the "ND Tax News" list.

 

Tax Commissioner Reports Strong Taxable Sales and Purchases Growth

Wednesday, December 17, 2014

Contact: Kathy Strombeck, Supervisor, Research & Communications, 701.328.3402
Jen Raab, Public Information Officer, 701.328.3039

BISMARCK, N.D. – Tax Commissioner Ryan Rauschenberger announced today a strong increase of North Dakota's taxable sales and purchases for the third quarter of 2014, which includes July, August and September. The taxable sales and purchases for the third quarter of 2014 were $7.674 billion, up $715 million from the third quarter in 2013, an increase of 10.28%.

"North Dakota continues to shine nationally," said Rauschenberger. "Personal income, population and labor force are just a few of the areas North Dakota has experienced extraordinary growth, and even top national rankings. Through third quarter 2014, North Dakota has also experienced solid taxable sales and purchases growth."

Twelve of the 15 major sectors reported taxable sales and purchases gains when compared to the third quarter a year ago. Most notably, the mining and oil extraction sector increased by $226.2 million (a 19.62% increase), the wholesale trade sector increased by $242 million (a 13.54% increase), the accommodation and food services sector increased by more than $44.3 million (a 9.23% increase) and the retail trade sector increased by $78 million (a 4.5% increase).

"There was solid growth during the third quarter in retail trade, one of the largest sectors," said Rauschenberger. "Preliminary information indicates that retail has also been strong heading into this holiday season."

Of the 50 largest cities in North Dakota, the highest percent increases for the third quarter of 2014 (compared to the third quarter of 2013) were as follows:

  • Watford City – Increase of 41.32 percent
  • New Town – Increase of 30.31 percent
  • Beach – Increase of 22.78 percent
  • Dickinson – Increase of 20.78 percent
  • Stanley – Increase of 18.41 percent

Counties with the highest percent increases for the third quarter of 2014 (compared to the third quarter of 2013) were as follows:

  • Dunn County – Increase of 61.67 percent
  • Billings County – Increase of 51.4 percent
  • Sioux County – Increase of 51.04 percent
  • McKenzie County – Increase of 38.32 percent
  • Golden Valley County – Increase of 24.39 percent

Complete North Dakota Sales and Use Tax Statistical Reports from the Third Quarter 2014 can be accessed on the web at www.nd.gov/tax.

Taxpayers can stay up-to-date on North Dakota tax-related matters by visiting the Tax Department's website at www.nd.gov/tax or connecting with the Tax Department on Facebook, Twitter, LinkedIn and YouTube.

# # #

2014 Third Quarter Sales and Use Statistical Report - (pdf)
Third Quarter Graphs - (pdf)

The first graph compares North Dakota's taxable sales and purchases for the third quarter for 2010, 2011, 2012, 2013 and 2014.
The second graph compares North Dakota's taxable sales and purchases for all quarters for 2010, 2011, 2012, 2013 and the quarters available in 2014.

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