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Tax Commissioner Reports 18 Percent Growth in 3rd Quarter Taxable Sales & Purchases

FOR IMMEDIATE RELEASE

Wednesday, December 26, 2018

Contact: Jen Raab, Public Information Officer, 701.328.3039

Tax Commissioner Reports 18 Percent Growth in 3rd Quarter Taxable Sales & Purchases

BISMARCK, N.D. – Tax Commissioner Ryan Rauschenberger announced today that North Dakota’s taxable sales and purchases for the third quarter of 2018 are up. Taxable sales and purchases for July, August and September of 2018 were nearly $5.610 billion, an 18.17 percent increase over those months in 2017.

“With the highest percent year-over-year increase since the third quarter of 2012, this is the best taxable sales and purchases report we’ve seen in several years.” Rauschenberger said. “We have been seeing moderate growth in this report the past few quarters. This slightly-larger growth shows the continued momentum in North Dakota’s economy.”

Rauschenberger also pointed out that a vast majority of the cities, counties and sectors listed in the report showed increases.

Thirteen of the 15 major sectors reported taxable sales and purchases gains when compared to the third quarter a year ago.  Most notably, the utilities sector increased by $112.4 million (a 202 percent increase), the mining and oil extraction sector increased by $257.9 million (a 46.5 percent increase), and the wholesale trade sector increased by $247.4 million (a 22.9 percent increase).

“Retail trade was up this quarter, which is a good sign heading into the holiday shopping season,” Rauschenberger added. “It is also notable that all except one of the most populated cities in the state saw an increase.”

Percent changes for the third quarter of 2018 (compared to the third quarter of 2017) for the top six largest cities in North Dakota were as follows:

  • Williston – Increase of 28.86 percent
  • Dickinson – Increase of 17.57 percent
  • Minot – Increase of 9.26 percent
  • Fargo – Increase of 4.52 percent
  • Bismarck – Increase of 0.67 percent
  • Grand Forks – Decrease of 8.75 percent

 Of the 50 largest cities in North Dakota, the highest percent increases for the third quarter of 2018 (compared to the third quarter of 2017) were as follows:

  • Kenmare – Increase of 96.57 percent
  • New Town – Increase of 71.86 percent
  • Ellendale – Increase of 65.50 percent
  • Watford City – Increase of 48.97 percent
  • Stanley – Increase of 47.31 percent

Counties with the highest percent increases for the third quarter of 2018 (compared to the third quarter of 2017) were as follows:

  • Dunn County – Increase of 69.54 percent
  • Mountrail County – Increase of 66.44
  • Logan County – Increase of 63.84
  • Eddy County – Increase of 60.72
  • McKenzie County – Increase of 51.32

The complete third quarter 2018 North Dakota Sales and Use Tax Statistical Report can be accessed online at www.nd.gov/tax.

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2018 Third Quarter Taxable Sales and Purchases Report
Interactive County Map
ND Total Taxable Sales & Purchases 2010 - 2018 Third Quarter
ND Taxable Sales & Purchases by Industry Third Quarter 2018

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 18 Percent Growth in 3rd Quarter Taxable Sales & Purchases

FOR IMMEDIATE RELEASE

Wednesday, December 26, 2018

Contact: Jen Raab, Public Information Officer, 701.328.3039

Tax Commissioner Reports 18 Percent Growth in 3rd Quarter Taxable Sales & Purchases

BISMARCK, N.D. – Tax Commissioner Ryan Rauschenberger announced today that North Dakota’s taxable sales and purchases for the third quarter of 2018 are up. Taxable sales and purchases for July, August and September of 2018 were nearly $5.610 billion, an 18.17 percent increase over those months in 2017.

“With the highest percent year-over-year increase since the third quarter of 2012, this is the best taxable sales and purchases report we’ve seen in several years.” Rauschenberger said. “We have been seeing moderate growth in this report the past few quarters. This slightly-larger growth shows the continued momentum in North Dakota’s economy.”

Rauschenberger also pointed out that a vast majority of the cities, counties and sectors listed in the report showed increases.

Thirteen of the 15 major sectors reported taxable sales and purchases gains when compared to the third quarter a year ago.  Most notably, the utilities sector increased by $112.4 million (a 202 percent increase), the mining and oil extraction sector increased by $257.9 million (a 46.5 percent increase), and the wholesale trade sector increased by $247.4 million (a 22.9 percent increase).

“Retail trade was up this quarter, which is a good sign heading into the holiday shopping season,” Rauschenberger added. “It is also notable that all except one of the most populated cities in the state saw an increase.”

Percent changes for the third quarter of 2018 (compared to the third quarter of 2017) for the top six largest cities in North Dakota were as follows:

  • Williston – Increase of 28.86 percent
  • Dickinson – Increase of 17.57 percent
  • Minot – Increase of 9.26 percent
  • Fargo – Increase of 4.52 percent
  • Bismarck – Increase of 0.67 percent
  • Grand Forks – Decrease of 8.75 percent

 Of the 50 largest cities in North Dakota, the highest percent increases for the third quarter of 2018 (compared to the third quarter of 2017) were as follows:

  • Kenmare – Increase of 96.57 percent
  • New Town – Increase of 71.86 percent
  • Ellendale – Increase of 65.50 percent
  • Watford City – Increase of 48.97 percent
  • Stanley – Increase of 47.31 percent

Counties with the highest percent increases for the third quarter of 2018 (compared to the third quarter of 2017) were as follows:

  • Dunn County – Increase of 69.54 percent
  • Mountrail County – Increase of 66.44
  • Logan County – Increase of 63.84
  • Eddy County – Increase of 60.72
  • McKenzie County – Increase of 51.32

The complete third quarter 2018 North Dakota Sales and Use Tax Statistical Report can be accessed online at www.nd.gov/tax.

###

2018 Third Quarter Taxable Sales and Purchases Report
Interactive County Map
ND Total Taxable Sales & Purchases 2010 - 2018 Third Quarter
ND Taxable Sales & Purchases by Industry Third Quarter 2018

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