(3) Number of jobs, in thousands, seasonally adjusted. Oklahoma GDP represents 1.07% of US GDP which made it the 28th largest state economy in the nation in 2016. Please review the copyright information in the series notes before sharing. Millions of Dollars, Not Seasonally Adjusted, Frequency:  Statista. In the third quarter, real GDP increased 2.1 percent. Graph and download economic data for Total Gross Domestic Product for Oklahoma City, OK (MSA) (NGMP36420) from 2001 to 2018 about Oklahoma City, OK, industry, GDP, and USA. Energy Sector Pullback Pushes Gross Receipts Lower September 4, 2020. In commercial agricultural production, livestock ranks first, followed by wheat, dairy products, cotton, soybeans, and other field crops and general produce. ", BEA, Real value added to the Gross Domestic Product (GDP) of Oklahoma in 2019, by industry (in billion chained 2012 U.S. dollars) Statista, https://www.statista.com/statistics/1065151/oklahoma-real-gdp-by-industry/ (last visited September 24, 2020), We use cookies to personalize contents and ads, offer social media features, and analyze access to our website. information you provide is encrypted and transmitted securely.

Note: More data series, including additional geographic areas, are available through the "Databases & Tables" tab at the top of this page. In line with national trends, the averages are likely to remain the same, but the number of units will probably continue to decline. Graph and download economic data for Total Gross Domestic Product for Oklahoma (OKNGSP) from 1997 to 2019 about OK, GSP, GDP, and USA.

The per-capita GDP growth plus the population growth are approximatly equal to the GDP growth Oklahoma shown above. of $ in 1st quarter 2020 growing at an average annual rate of 0.75%.

make sure you're on a federal government site. Signs of Economic Resiliency and Concern July 2, 2020. Oklahoma City features one of the top livestock markets in the world, while its oil, natural gas, and petroleum resources are also major components of the city’s growing economy. The Corporate solution including all features. September 23, 2020. GDP of Oklahoma increased from 152,043 mil. * All products require an annual contract; Prices do not include sales tax. Nominal Oklahoma per-capita GDP is 21.43% higher today than 5 years prior in 2011. Oil and gas production historically have been the major components of Oklahoma’s economy. Quick data summaries and visualizations on trending industry, political, and socioeconomic topics from Knoema’s database. Federal Reserve Bank of St. Louis, The state’s union membership rate is significantly lower than the national average; in a 2001 referendum, voters approved antiunion right-to-work legislation. Annual. Real dollar values expressed in 2009 chained dollars. Quick Analysis with our professional Research Service: Content Marketing & Information Design for your projects: Chained (2012) dollar series are calculated as the product of the chain-type quantity index and the 2012 current-dollar value of the corresponding series, divided by 100. Enemies of the (US) State & Who to Blame Come November, Banking on a Strong Stock Market? Series from Gross Domestic Product (GDP) by State. "Real value added to the Gross Domestic Product (GDP) of Oklahoma in 2019, by industry (in billion chained 2012 U.S. facts. The state has well-developed networks of roads and highways and of railroads. Vote to Re-Elect, And the Stock Market Says ... Trump Wins Re-election, Economy, Demography, Labour and Environment Statistics for Metropolitan Areas of OECD Countries. U.S. Bureau of Economic Analysis, In July 2000 the University of Oklahoma, Oklahoma State University, and the Oklahoma Department of Commerce created an alliance known as the Oklahoma Wind Power Initiative. (1) Number of persons, in thousands, seasonally adjusted. Oklahoma GDP is at a current level of 206.06B, up from 202.55B one year ago. Future job growth over the next ten years is predicted to be 29.5%, which is lower than the US average of 33.5%. Real gross domestic product (GDP) in Oklahoma continued to expand at a rate similar to the rest of the nation in the first half of 2019 (Chart 1). Over the 5 years ending in 2016 the Oklahoma economy grew in nominal terms by 11.64% at a compound annual growth rate of 2.23% per year. Here is how you know. https:// ensures that you are connecting to the official website and that any