The economy of

Oklahoma Oklahoma (; Choctaw language, Choctaw: ; chr, ᎣᎧᎳᎰᎹ, ''Okalahoma'' ) is a U.S. state, state in the South Central United States, South Central region of the United States, bordered by Texas on the south and west, Kansas on the nor ...

is the 29th largest in the

United States The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territorie ...

. Oklahoma's gross state product (GSP) is approximately $197.2 billion as of December 2018.

Data

Historical data

The history of Oklahoma's GSP according to the

Bureau of Economic Analysis The Bureau of Economic Analysis (BEA) of the United States Department of Commerce is a U.S. government agency that provides official economy of the United States, macroeconomic and industry statistics, most notably reports about the gross domestic ...

and the

United States Census Bureau The United States Census Bureau (USCB), officially the Bureau of the Census, is a principal agency of the U.S. Federal Statistical System, responsible for producing data about the American people and economy. The Census Bureau is part of the ...

GSP by industry

Industries value added to Oklahoma GDP in Q1 2020. Sectors percentages are compared to sector percentages of United States GDP.

Employment

There were approximately 1.8 million in the Oklahoma labor force in 2018. The private sector employs 90% of working Oklahomans, with the government (federal, state, and local) employing 9%. The largest employer in the state is the

United States Department of Defense The United States Department of Defense (DoD, USDOD or DOD) is an executive branch department of the federal government charged with coordinating and supervising all agencies and functions of the government directly related to national secu ...

, which employs approximately 69,000 workers or 3.8% of all working Oklahomans. The largest private employer is

Walmart Walmart Inc. (; formerly Wal-Mart Stores, Inc.) is an American multinational retail corporation that operates a chain of hypermarkets (also called supercenters), discount department stores, and grocery stores from the United States, headquarter ...

, which employs approximately 32,000 workers or 1.8% of all working Oklahomans. As of 2019, the top 20 employers in the State of Oklahoma were:

Taxes

References

Notes

* Agriculture Sector includes establishments primarily engaged in growing crops, raising animals, harvesting timber, harvesting fish and other animals from a farm, ranch or their natural habitats * Mining Sector includes exploration and development of minerals, including solids such as coal and ores, liquids such as crude petroleum, and gases such as natural gas * Construction Sector comprises establishments primarily engaged in the construction of buildings or engineering projects *Manufacturing Sector includes establishments engaged in the mechanical, physical, or chemical transformation of materials, substances, or components into new products *Trade, Transportation, and Utitlies Sector includes wholesaling of merchandise, retailing of merchandise, passenger and freight transit, storage and warehousing of goods, and public utilities services *Information Sector concerns publishing industries, including software publishing, motion picture and sound publishing, broadcast industries, telecommunications, and Internet service providers *Finance Sector comprises establishment engaged in financial transactions, including banking, securities, insurance, and investment advisory services *Professional Sector comprises establishments that specialize in performing professional, scientific, and technical activities for others *Education and Healthcare Sector comprises schools, colleges, universities, and training centers as well as establishments providing health care and social assistance for individuals *Entertainment Sector includes establishments that operate facilities or provide services to meet varied cultural, entertainment, and recreational interests of their patrons, such as live performances, historical exhibits, and recreationally facilities *The Other Sector includes establishments which provide services not specifically provided for elsewhere in the classification system *Government Sector includes the executive, legislative, judicial, administrative, regulatory, and military activities of Federal, state, and local governments together with government owned enterprises

External links

Official State of Oklahoma website

State of Oklahoma economic development
{{DEFAULTSORT:Economy of Oklahoma