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2015 Annual Taxable Sales and Purchases Nearly $23 Billion

FOR IMMEDIATE RELEASE
Tuesday, April 12, 2016

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

2015 Annual Taxable Sales and Purchases Nearly $23 Billion

Bismarck, N.D. – Tax Commissioner Ryan Rauschenberger today released both the 2015 fourth quarter and the 2015 annual taxable sales and purchases reports.

2015 Annual Taxable Sales and Purchases
Taxable sales and purchases during calendar year 2015 totaled $22.9 billion, a decrease of nearly 19 percent from the $28.2 billion total in 2014.

“We experienced an all-time taxable sales and purchases high for North Dakota in 2014,” Rauschenberger stated. “Despite falling below that peak, 2015 taxable sales and purchases have still grown 146 percent from where they were just one decade ago. Even with 17.5 percent inflation during that timeframe, the exceptional rate of real growth in taxable sales and purchases is more than 128 percent for the last decade.”

Five of the 15 major industry sectors saw growth from 2014 to 2015. Most notable among those showing increases were the utilities and information industries sectors with increases of 21.2 and 5.17 percent respectively.

“The mining and oil extraction and wholesale trade sectors saw the highest percent decreases from 2014 to 2015,” Rauschenberger added. “Both of those sector decreases are tied to low commodity prices, clearly impacting some of North Dakota’s major industries.”

The annual report includes data for the largest 200 cities in North Dakota, and all 53 counties. Of the 200 largest cities in North Dakota, the highest percent increases of 2015 (compared to 2014) were Rhame, Page and Fordville.  Counties with the highest percent increases of 2015 (compared to 2014) were Sioux County, Sargent County and Pembina County.

2015 Fourth Quarter Taxable Sales and Purchases
Taxable sales and purchases for October, November and December 2015 totaled 5.392 billion, a decrease of 31 percent over those months in 2014.

“Fourth quarter of 2015 is up $1.252 billion from fourth quarter 2010, the year before North Dakota began to experience exponential growth,” Rauschenberger said. “It is necessary that we evaluate these reports on a longer-term basis for perspective.”

The fourth quarter report includes data for the largest 50 cities in North Dakota, and all 53 counties. Of the 50 largest cities in North Dakota, the highest percent increases (compared to the fourth quarter of 2014) were Walhalla, Cavalier and Ellendale. Counties with the highest percent increases (compared with the fourth quarter of 2014) were Sioux, Sargent and Pembina.

Consistent with the 2015 annual report, the mining and oil extraction and wholesale trade sectors saw the highest percent decreases. The educational, health care and social services, and arts, entertainment and recreation sectors
had the highest percent increases.

The complete 2015 annual and 2015 fourth quarter North Dakota Sales and Use Tax Statistical Reports can be accessed online at www.nd.gov/tax.

# # #

2015 Annual Taxable Sales and Purchases Report
2015 Fourth Quarter Taxable Sales and Purchases Report

Charts:
ND Taxable Sales & Purchases by Industry Annual.pdf
ND Total Taxable Sales & Purchases $ Changes_Annual.pdf
 

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.

 

2015 Annual Taxable Sales and Purchases Nearly $23 Billion

FOR IMMEDIATE RELEASE
Tuesday, April 12, 2016

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

2015 Annual Taxable Sales and Purchases Nearly $23 Billion

Bismarck, N.D. – Tax Commissioner Ryan Rauschenberger today released both the 2015 fourth quarter and the 2015 annual taxable sales and purchases reports.

2015 Annual Taxable Sales and Purchases
Taxable sales and purchases during calendar year 2015 totaled $22.9 billion, a decrease of nearly 19 percent from the $28.2 billion total in 2014.

“We experienced an all-time taxable sales and purchases high for North Dakota in 2014,” Rauschenberger stated. “Despite falling below that peak, 2015 taxable sales and purchases have still grown 146 percent from where they were just one decade ago. Even with 17.5 percent inflation during that timeframe, the exceptional rate of real growth in taxable sales and purchases is more than 128 percent for the last decade.”

Five of the 15 major industry sectors saw growth from 2014 to 2015. Most notable among those showing increases were the utilities and information industries sectors with increases of 21.2 and 5.17 percent respectively.

“The mining and oil extraction and wholesale trade sectors saw the highest percent decreases from 2014 to 2015,” Rauschenberger added. “Both of those sector decreases are tied to low commodity prices, clearly impacting some of North Dakota’s major industries.”

The annual report includes data for the largest 200 cities in North Dakota, and all 53 counties. Of the 200 largest cities in North Dakota, the highest percent increases of 2015 (compared to 2014) were Rhame, Page and Fordville.  Counties with the highest percent increases of 2015 (compared to 2014) were Sioux County, Sargent County and Pembina County.

2015 Fourth Quarter Taxable Sales and Purchases
Taxable sales and purchases for October, November and December 2015 totaled 5.392 billion, a decrease of 31 percent over those months in 2014.

“Fourth quarter of 2015 is up $1.252 billion from fourth quarter 2010, the year before North Dakota began to experience exponential growth,” Rauschenberger said. “It is necessary that we evaluate these reports on a longer-term basis for perspective.”

The fourth quarter report includes data for the largest 50 cities in North Dakota, and all 53 counties. Of the 50 largest cities in North Dakota, the highest percent increases (compared to the fourth quarter of 2014) were Walhalla, Cavalier and Ellendale. Counties with the highest percent increases (compared with the fourth quarter of 2014) were Sioux, Sargent and Pembina.

Consistent with the 2015 annual report, the mining and oil extraction and wholesale trade sectors saw the highest percent decreases. The educational, health care and social services, and arts, entertainment and recreation sectors
had the highest percent increases.

The complete 2015 annual and 2015 fourth quarter North Dakota Sales and Use Tax Statistical Reports can be accessed online at www.nd.gov/tax.

# # #

2015 Annual Taxable Sales and Purchases Report
2015 Fourth Quarter Taxable Sales and Purchases Report

Charts:
ND Taxable Sales & Purchases by Industry Annual.pdf
ND Total Taxable Sales & Purchases $ Changes_Annual.pdf
 

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